Housing
A new study from Canada Mortgage and Housing Corp (CMHC) found that limits on temporary foreign residents, including students and new permanent residents, have reduced demand for rental housing and lowered average asking rents in Vancouver, Calgary, Toronto, and Halifax. Over the past year, the average asking monthly rent fell
Housing
Governor Kathy Hochul has announced the completion of the Impact Utica project, a $101 million initiative in the city of Utica, Oneida County. Developed by People First, Inc. and VecinoGroup New York, the project preserves 93 public housing units at Chancellor Apartments and transforms a historic former warehouse into the
Housing
The UK housing market has failed to rebound from recent economic setbacks, with house prices stagnating in June according to Halifax. Despite a steady recovery throughout 2024 as mortgage rates decreased, changes to stamp duty and lingering economic uncertainty have suppressed the market. The average house price in Britain stands
Housing
A range of potential historical discoveries, including Roman settlements, neolithic settlements, an Iron Age farmstead, and World War II structures, have been identified in East Devon, potentially disrupting plans for new homes. Historical experts from Historic England and Devon County Council have called for archaeological digs to be conducted in
Housing
A long-abandoned industrial site in Sheffield will soon be transformed into a residential area after planners gave the green light to a proposal to build eight new homes. The site, located on Baslow Road, has been vacant for years and has become an eyesore. Despite objections from nearby residents and
Housing
The UK government has announced a groundbreaking investment deal between Homes England, Aviva Capital Partners, Moda Group, NatWest, and the West Midlands Combined Authority to develop a 1,000-home rental community in Digbeth, Birmingham. The £200m Stone Yard project showcases the potential for regeneration through collaboration between the private and
Housing
The Egyptian construction industry is expected to witness significant growth in 2025, driven by increased foreign direct investment, investment in oil and gas, industrial, and housing construction. According to the Central Bank of Egypt, the country's average construction production index grew by 9.2% year on year in
Housing
As Edinburgh grapples with growing housing pressures, the City of Edinburgh Council has launched a consultation on the city's Affordable Housing Policy (AHP). The current policy, introduced in 2000, requires housing developments with 12 or more homes to include 35% affordable housing. However, the city's housing
Housing
The US housing market continues to stifle dreams of homeownership, pushing aspiring buyers into the rental sector. According to the National Association of Realtors (NAR), there were 1.1 million first-time buyers in 2024, a staggering 380,000 fewer than the previous year and almost half of the historical norm.
Housing
The UK housing market is experiencing turmoil due to a turbulent global economy and changes to stamp duty thresholds in England and Northern Ireland. According to data from Halifax, UK house prices were stagnant in June, with a 0.3 per cent drop from April to May. Estate agents are
Housing
Despite a month-on-month dip in May, the UK housing market remains steady, with Halifax recording a 0.0% change in typical UK property values in June. The resilience of the market continues to stand out, especially after the spring stamp duty changes. Mortgage approvals and property transactions have picked up,
Housing
The Tyne Housing scheme in Gateshead is making swift progress, with foundations laid and structures rising from the ground. Designed as an exemplar scheme for the North East, the development will support vulnerable adults and those at risk of homelessness. Upon completion in spring 2026, the purpose-built development will provide
