Ari Altstedter

1 week ago | financialpost.com | Ari Altstedter

Article content(Bloomberg) — Doubling the pace of homebuilding in Canada will only bring affordability back to levels seen right before the Covid-19 pandemic, according to a new government report that lowers expectations for the impact of construction on housing costs.

1 week ago | bloomberg.com | Ari Altstedter

A residential building under construction in Toronto. (Bloomberg) -- Doubling the pace of homebuilding in Canada will only bring affordability back to levels seen right before the Covid-19 pandemic, according to a new government report that lowers expectations for the impact of construction on housing costs. The country must boost building to as much as 480,000 housing units a year by 2035 just to bring affordability back to where it was in 2019, the report from the Canada Mortgage & Housing Corp.

1 week ago | news.bloombergtax.com | Chaimae Chouiekh |Ari Altstedter

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1 week ago | bloomberg.com | Chaimae Chouiekh |Ari Altstedter

Downtown Toronto. (Bloomberg) -- Home sales in Canada rose for the first time in six months in May as buyers’ confidence strengthened amid a de-escalation of trade tensions with the US. Sales were up 3.6% in May compared to the prior month, the first gain since November, according to seasonally adjusted data released Monday by the Canadian Real Estate Association. That gain was slightly ahead of the 3.1% increase in new listings.

2 weeks ago | news.bloombergtax.com | Ari Altstedter

(Note to Supply Lines readers: Starting tomorrow, you’ll get our new Business of Food newsletter each Friday, a weekly look at how the world feeds itself in a changing economy and climate, from farming to supply chains to consumer trends, that replaces the Global Food Edition of Supply Lines.) With the US’s customs bonded warehouses packed to the brim, a growing number of importers looking to mitigate the full impact of President Donald Trump’s tariffs are storing their goods north of the...