As housing prices increase on the post-recession wave, many experts are asking people to reconsider the dream of buying and owning a home, especially if that means sinking too deeply in debt or sacrificing mobility.
Toronto city council has rejected a proposal by developer David Mirvish and architect Frank Gehry to build three landmark condos – each more than 80 storeys - in Toronto’s core. Concerns include height, heritage loss, and density.
Montreal's Bixi is one of the most replicated bike-sharing systems in the world, but the publicly backed company has struggled with financial troubles since debuting in 2008. Outstanding payments due to Bixi are the latest threat to the company.
As Toronto's condo building boom has transformed the city, it's also helped to transform Canada's housing market. There are warning signs, however, that a surplus of housing in the city threatens to destabilize Canada's entire economy.
The rejection may ultimately doom the $6 billion pipeline to transport Alberta's oil sands crude west through British Columbia for export. Final word is reserved for Prime Minister Stephen Harper, but many say an overturn would be highly unusual.
In Vancouver, B.C., a newly approved plan to increase density along the Cambie corridor is sending housing prices skyrocketing and causing concern among residents about the character of their neighborhood.
<p>Canada's new federal budget allocates $500 million for public transit and makes a "permanent" commitment to allocating a portion of the gas tax to municipalities for infrastructure-related spending. But is it enough?</p>
<p>The Transit Riders' Union of Edmonton has challenged city councilors in Edmonton, Alberta to give up their private vehicles. Four councilors will rely exclusively on public transit for the next week.</p>
<p>The 20-year plan proposes an airport rail link, extensions to the transit system and the bicycle network, new streetcar lines, and tolls on major highways and bridge links to the island. City council will vote on this plan in the fall.</p>