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Homes still unaffordable for average households despite fall in prices: reports

Homes still unaffordable for average households despite fall in prices: reports

Buying a home has become more unaffordable for Canadians even as housing prices fall, according to new reports from the parliamentary budget officer and RBC. The PBO’s house price assessment, published on Thursday, says the average house cost is 67 percent higher than what the average household can afford — and RBC’s own report says the median household would need...

TRC head questions why Catholic Church didn’t sell property to compensate victims

TRC head questions why Catholic Church didn’t sell property to compensate victims

The former head of the Truth and Reconciliation Commission says the argument the federal government made in 2015 that the Catholic Church was unlikely to raise the money it promised to residential school survivors is “blatantly dishonest.” Murray Sinclair, a former senator, says the Catholic Church owns many properties across the country that it could have sold to fund the...

Vancouver gas prices pass $2.39, breaking North American record: analyst

Vancouver gas prices pass $2.39, breaking North American record: analyst

Gas prices in Vancouver have hit a new high of more than $2.39 a litre at some stations, blowing past the previous peak set this summer. One gas analyst says that’s a new all-time record for North America, and expects prices to continue to rise this week. Dan McTeague, president of Canadians for Affordable Energy, says prices passed the previous...

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