REDCanada.org REDCanada Updates

House Affordibility in Canada

REDCanada is focused on creating awareness for Housing Affordability and we will bring issues into the spotlight through Lobbying, Consumer Awareness and New Legislative Proposals. Our organization will reach out to the Federal Government, Provincial and Local Municipalities, and Real Estate jurisdictions on housing and affordability matters. Why Canada’s Real Estate Market Crisis is an … Continue reading House Affordibility in Canada

REDCanada.org Bank of Canada, Housing

Bank of Canada raises interest rates, is it the right step?

Interest Rate raised 0.25% in Canada Wednesday, March 2, 2022, the Bank of Canada took a long-awaited, much-needed step, raising interest rates from their .25% historic low, to .50%.Although minimal, we here at REDCanada still absolutely consider this to be a win for multiple reasons.First, from a less-than-technical perspective, lenders can no longer advertise interest … Continue reading Bank of Canada raises interest rates, is it the right step?

REDCanada.org Housing, Lobbying in Canada

We need you! REDCanada is launching Housing Affordability Campaign Soon!

We need volunteers to assist us with housing affordability campaign which is set to launch in March 2022. The exact launch date is still being setup. REDCanada Volunteers We are looking for volunteers with various skills such as Social Media, Copyrighting, Door knockers, Call centre and various other positions. We appreciate your valuable time. Become … Continue reading We need you! REDCanada is launching Housing Affordability Campaign Soon!

REDCanada.org REDCanada Updates

Bank of Canada does not raise interest rates as promised

The housing affordability in Canada is a major concern for Canadians. An interest rate hike would have assisted in cooling the market. https://www.bankofcanada.ca/2022/01/fad-press-release-2022-01-26/ REDCanada Let’s hope Bank of Canada looks into this decision and considers a rate hike in the near future. As inflation is at record high compared with the 1990s but the interest … Continue reading Bank of Canada does not raise interest rates as promised

REDCanada.org Housing, Lobbying in Canada

Premier Doug Ford launches task force to combat Ontario housing crisis

https://youtu.be/CAgPb4S5C-w Housing Affordability in Ontario As the housing shortfall affects all Ontarians, Premier Doug Ford launches a task force to research and consult with industry leaders. REDCanada will be participating and bringing the housing issues to the forefront. We will propose immediate solutions and long-term considerations to combat the housing crisis in Ontario.