Here’s the latest on development to the Greenbelt, increasing mortgage payments and travellers stranded in vacation destinations.Thousands have opposed Greenbelt development — but it has infrastructure issues that could delay builders
Municipalities, businesses, farmers, conservation authorities, engineers, planners and Indigenous groups are among tens of thousands of Ontario entities and individuals protesting the Ontario government’s move to build homes on the environmentally sensitive land. But Doug Ford’s Progressive Conservative government has forged ahead.
Now, a lack of infrastructure may delay its plans, with senior planning staff in Durham Region, York Region and Hamilton saying it would be difficult to meet the province’s expedited timeline for development by 2025, Noor Javed reports.The affected municipalities say the Greenbelt lands were never included in any long-term infrastructure development plans “since the expectation was that the Greenbelt was to be protected in perpetuity.
Now, his two properties have mortgage rates of about 6 per cent. To cover the additional costs — which rack up to $1,100 per month — Melanson is putting a pause on concerts, hockey games, restaurants, drinks and movies, Clarrie Feinstein writes. “If interest rates rise drastically, I back off on everything else to avoid filing for bankruptcy,” he says.“If people bought in the pandemic, it’s exceptionally hard right now, especially for first-time home buyers who already stretch themselves financially to buy their first property,” said Leah Zlatkin, a mortgage broker and expert with LowestRates.ca.The Bank of Canada could raise the overnight lending rate further, pushing interest rates higher at the beginning of 2023.
Left wing propaganda disguised as news by the Liberal Rag