Rents and housing prices are soaring across Canada, creating a shortage of single-family homes and making housing ever less affordable. CBC News asked Core Development Group for an interview Monday and received a written statement from chief executive officer Corey Hawtin on Tuesday. He wrote that Core Development Group chose London, like the other Ontario cities, because of its low vacancy rate. Core Development Group says its 'innovative' housing model will help free up more space for renters, by buying $1 billion worth of single-family homes. (Graeme Roy/The Canadian Press)Lawrence worries it could be the beginning of the end for mom and pop landlords who rent out single-family homes.

Source: CBC News June 16, 2021 18:11 UTC