CANADIAN HOUSING AFFORDABILITY IMPROVING
There was encouraging news from the National Bank Of Canada this week, which revealed that house affordability across the country is actually improving.
The bank’s home affordability measure fell by 0.2 points in the fourth quarter of last year, meaning that an average mortgage on a representative home was slightly cheaper than it was a quarter earlier.
The bank report indicates that a strong job market and falling house prices over the last 12 months contributed to the affordability increase.
Interested in Barrie’s Housing Market? Check out last month’s real estate statistics right here!
AirBnB ADDS TO INSPECT RENTALS
AirBnB is dispatching inspectors to rate thousands of their properties to reassure owners they are booking suitable residences for clients.
The service unveiled it’s Plus program on Thursday, amid complaints about their current ratings system and misleading images of properties.
The program will cover properties in 13 cities, including Toronto, with plans to verify 75,000 homes in 50 cities.
FISHING PLATFORM PROPOSED AT HERITAGE PARK
The rotary club of Barrie-Huronia has offered to construct a waterfront fishing platform at Heritage Park.
The platform would be used partly to host Rotary’s annual fall fishing festival, although it won’t be accessible by boat.
The club will seek out local fishing clubs to gather input on a preliminary design prior to construction. City staff will prepare a report on the project once the design and capital and operating costs are finalized.
The proposal goes to the city’s committee for endorsement on Feb. 26 and if approved, the platform could be built later this year.