Phoenix just legalized guesthouses citywide to combat affordable housing crisis

Phoenix City Council passed a new policy that legalizes backyard guesthouses for homeowners citywide Wednesday, a move that supporters say will increase affordable housing stock and provide flexibility for families with aging parents or adult children who struggle to afford to live elsewhere.Mayor Kate Gallego celebrated the policy, saying “We’re very excited … we believe…

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Tuesday’s analyst upgrades and downgrades

Inside the Market’s roundup of some of today’s key analyst actionsFollowing Friday’s release of better-than-anticipated third-quarter financial results, Credit Suisse analyst Joo Ho Kim raised his forecast for Canadian Western Bank (CWB-T), pointing to improved net interest margins.Shares of the Edmonton-based bank surged 11.5 per cent after it reported core cash earnings per share of…

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