A 30-storey apartment building is coming to a neighbourhood just north of London’s downtown core after a divisive debate Tuesday at city council.
The plan by York Developments replace an existing 30-unit rental building and two houses with a 286-unit tower at the corner of Ridout and Kent streets. It passed in council by an 11 to 4 vote.
Non-sufficient fund (NSF) fees are about to drop for Canadians.
Starting March 12, banks will have a $10 cap on NSF fees they can charge when there isn’t enough money in a bank account to cover a withdrawal. The $10 cap doesn’t apply to corporate or business accounts.
NSF fees typically range from $45 to $48, and usually occur when a cheque or pre-authorized debit can’t be covered and the consumer doesn’t have overdraft protection.
A New Brunswick tenant is calling for tighter rules around the use of fixed-term tenancy leases after her former landlord appeared willing to use hers to circumvent the province’s limit on annual rent increases.
“Anyone who has signed a lease, pull out your lease and check,” Jessicarose DuPerron said.
“Make sure you know if you have a fixed-term [lease] because the end date on that fixed-term lease is the date by which you would either need to be moved out, or sign a new lease which could come with a significant rent increase.”
Recent announcements from the Ontario government around tuition and the Ontario Student Assistance Program (OSAP) mean post-secondary students will have to pay more for their education.
When you add a significant rent increase, some students are being forced to make very difficult decisions.
The University of Waterloo is planning to increase the rent for students living in the Columbia Lake Village (CLV) residence.
Now, some of those students are organizing to fight the rent increase they say is unfair and disproportionate.
Data shows the cost of rent in New Brunswick has grown at a slower rate than in several previous years, coinciding with slowing population growth, increased housing supply and legislation capping rent increases at three per cent.
“We’re starting to see rent growth in New Brunswick moderating. It’s coming down,” said Kelvin Ndoro, an economist with the Canada Mortgage and Housing Corporation.
The rise in rent observed in New Brunswick last fall was the most modest it’s been in three years, according to findings by the CMHC in its annual rental market survey done last October.
Darcie Lanthier, director of the Energy Democracy Now Co-Operative on Prince Edward Island, says her group is organizing a province-wide fight against two PROENERGY diesel-burning turbines that the privately-owned utility Maritime Electric wants installed in Charlottetown.
During a lively meeting in Moncton on Saturday jointly organized by Protect the Chignecto Isthmus Coalition and the New Brunswick chapter of the social and economic justice group ACORN Canada, Lanthier praised those fighting against NB Power’s proposed 500 MW gas plant on the Chignecto Isthmus.
3000
