The Humber marks a first in affordable family living options for an up-and-coming community
From condo developments to large legal grows, there’s a big push to eliminate the smell of weed in public.
Patrick Kroetsch and Jennifer Tweedie desperately wanted out of their second-floor rental in Christie Pits. Roaches, crumbling plaster and a difficult landlord were testing their patience. But Kroetsch was freelancing and Tweedie worked as a server, and the $1,350 rent made sense for their budget. Then Kroetsch’s brother told him about Options For Homes, a non-profit Toronto developer that keeps costs low by forgoing amenities like pools and gyms.
hen the federal government released its budget, and along with it the First-Time Home Buyers Incentive, the Canadian public was introduced to shared equity mortgages. Designed to address housing affordability issues, the incentive is a tool that will allow CMHC to lend a homeowner money, either five or 10 per cent of the price, for a shared stake in the equity of a home.
When the Federal government released its budget in mid-March, those in the housing sector were eager to see what might be in store to help address the pressing need of making housing more affordable. Indeed, there was a response to housing affordability; it just wasn't quite what people were expecting.
Arguably the most talked-about measure of the Liberals' latest federal budget is the First-Time Home Buyer Incentive. Under the plan, the government would help some first-time buyers by advancing up to 10 per cent of the purchase price of a home so they can take out a smaller mortgage and keep monthly payments lower.