#cape-town-housing-crisis

#cape-town-housing-crisis

"Walked up the hill too soon." This was the terse rebuke from a Fianna Fáil official after the Sunday Independent revealed last month that homeowners were in line to earn up to €14,000 tax-free by renting out newly built modular units in their back gardens.

One resident of Princeton's Western Section told the room, 'Those of us who own historic homes are subsidizing the community' - and was met with applause.

The Renters' Rights Act has been described as the 'biggest change to renting in history', with significant reforms such as banning 'no-fault' evictions and ending fixed-term tenancy contracts.

"The health and safety of our students, faculty and staff is CUNY's top priority. That's why, over the past two years, the University has invested $850 million in our facilities, completing or advancing more than 100 projects."

Cape Town tourism is a booming industry, and the Mother City needs foreign cash to operate as one of the planet's elite destinations. However, some locals are getting a little annoyed by the oversupply of digital nomads. European tourists are loving Cape Town, and why wouldn't they? When one single Euro gets you R19, an Uber to Boulders Beach to check out the penguins isn't all that pricy.

Affordability started recovering slightly since 2023, when it reached historical lows. For home ownership, we observed improved affordability, while for renters we saw stabilization over the last two years. Even with these improvements, we cannot overlook how much housing affordability has eroded in recent years, especially in Ottawa, Montreal and Halifax, clearly demonstrating that Canada's housing affordability crisis is no longer limited to Toronto and Vancouver.

The report, published Tuesday, calls for NYCHA to keep better tabs on its vacant homes, the majority of which are awaiting-often extensive, and legally required-remediation work after the prior tenant moved out and before they can be rented again.