Saturday, September 18, 2021
- Advertisement -
- Advertisement -

Housing market really tough for Millennia’ls to afford; Canadian household debt still near record highs

- Advertisement -

Millennial’s finding it near impossible to buy houses at current prices

Either the average price of houses would have to be cut in half or wages would have to double for millennials to afford a home. That is from a new report by Generation Squeeze. The group says the current housing market paints a troubling portrait of how expensive the country is for those aged 25 to 34.

Bank of Canada concerned households won’t be able to afford higher interest rates

Household debt was down over the first quarter of the year but still remains near the record high. Global news reported the Statistics Canada numbers and added the Bank of Canada has some concerns over them. It is afraid Canadians might not be able to cope when interest rates inevitably go up.

Device to regulate the time truck drivers spend behind wheel to come by 2021

Electronic logging devices will become mandatory for those driving federally regulated commercial trucks. The idea is to reduce fatigue and make the roads safer for everyone. The device will track how long the driver has been behind the wheel. They won’t become mandatory for another two years though.

Those who can’t afford lawyers may not be able to get bail thanks to new cuts

Ontario lawyers are warning cuts to the legal aid system will clog up the courts and prevent people from getting bail. Doug Ford’s government announced a $133 million cut to the agency’s budget. That means anyone who can’t afford a lawyer will no longer get funding to hire one. They will have to be represented by duty counsel.

- Advertisement -
- Advertisement -
- Advertisement -
- Advertisement -
- Advertisement -

Lethbridge News

Blood Tribe members vote in favour of $150 million federal settlement in cattle claim

STANDOFF, AB - Blood Tribe members have voted in favour of a $150-million settlement with the federal government, bringing to a close a decades...

Ryan Parker seeks 8th term on Lethbridge City Council

LETHBRIDGE, AB - Long-time Lethbridge City Councillor, Ryan Parker, has announced his intention to run for re-election. He spoke with media Friday morning at Legacy...

GoFundMe campaign started for Lethbridge woman hit by vehicle

LETHBRIDGE, AB - A fundraiser has been set up for a Lethbridge woman who suffered serious injuries when she was hit by a vehicle...

UPDATE: Hurricanes games, other ticketed events to require vaccination proof or negative COVID test

LETHBRIDGE, AB - If you plan on going to watch the Lethbridge Hurricanes play a game at the ENMAX Centre this WHL season, you'll...

Lethbridge College & University both adopting Alberta’s new “Restrictions Exemption Program”

LETHBRIDGE, AB - Lethbridge's two post-secondary schools are getting onboard with Alberta's incoming proof of COVID-19 vaccination program. Lethbridge College and the University of Lethbridge...
- Advertisement -