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Investing in the health care sector—better returns than tech? + MORE Apr 19th
The tech sector has been a favourite of Canadian investors in recent years, thanks to growing global adoption of technology, innovative product offerings, a revenue boom and stock price appreciation—all of which have created a fear of missing out among investors. However, tech stocks have been qui.... More »
GM proposes $2.8-billion, 10-year investment in South Korea + MORE Feb 21st
Investment would be on top of over $2.2-billion debt-for-equity swap
.... More »
Canada to offer apology, millions in compensation to Omar Khadr + MORE Jul 4th
TORONTO – The Canadian government is going to apologize and give millions to a former Guantanamo Bay prisoner who pleaded guilty to killing a U.S. soldier in Afghanistan when he was 15, with Canada’s Supreme Court later ruling that officials had interrogated him under “oppressive circ.... More »
Oilpatch woes impacting Canadian economy, central bank says + MORE Jan 10th
The Bank of Canada acknowledged Wednesday the struggles of the oilpatch are weighing on the broader economy, adding that investment in the sector is "projected to weaken further.".... More »
With schizophrenia in remission, accused Toronto financial district killer declared fit to stand trial - National Post + MORE Oct 30th
National PostWith schizophrenia in remission, accused Toronto financial district killer declared fit to stand trialNational PostRohinie Bisesar is mentally fit to stand trial, but will plead that she is not criminally responsible because of mental illness in the stabbing death three years ago of a y.... More »
Chris Young/CPTORONTO – Mayor John Tory says he plans to discuss Toronto’s lagging rental supply, a vacant property tax and the lack of real estate data when he meets Tuesday with the federal and Ontario finance ministers to consider solutions to the city’s dwindling housing affordability.
The meeting marks the first time that Tory, federal Finance Minister Bill Morneau and provincial Finance Minister Charles Sousa will meet in-person to discuss the issue.
“Probably one of the most important things we can do is stay in touch with each other on something that is as volatile and complicated as this issue,” Tory said in an interview Monday.
“You don’t want to cause undue upset in a marketplace, notwithstanding the deep concern people have about the affordability of housing.”
BMO chief economist Douglas Porter said he doesn’t expect any particular measures will be announced following the meeting, adding that any changes are more likely to be unveiled as part of the provincial budget next week…
What governments could do to cool GTA real estate market – CBC.ca
– news.google.ca
CBC.caWhat governments could do to cool GTA real estate marketCBC.caAll three levels of government meet Tuesday in Toronto to figure out ways to cool the red-hot real estate market in the region, where average home prices have shot up 33 per cent in a year. Immediately after figures revealed the average home in the …Fixing Toronto's housing bubble: Today would be goodThe Globe and MailTougher rent control in Ontario puts new supply at risk, say ownersToronto StarFederal finance minister, Ontario counterpart, Toronto mayor talk housing todayCTV NewsThe Daily Courier (subscription) -Toronto Sun -Macleans.ca -The Sudbury Starall 48 news articles »
Vancouver’s housing correction could be over
– macleans.ca
Vancouver, British Columbia (Dan Breckwoldt/Shutterstock)TORONTO – Royal LePage says early evidence suggests that the recent correction in Vancouver’s housing market may be short-lived.
The realtor released a report Tuesday saying Canada’s two largest real estate markets continued their divergence in the first quarter of the year.
The aggregate price of a home in the Greater Toronto Area rose by an “unprecedented” 20 per cent across all housing types to $759,241 in the first three months of 2017.
In the Greater Vancouver area, the price of a home rose 12.3 per cent year-over-year to $1,179,482.
Royal LePage CEO Phil Soper says the housing correction in Vancouver began seven months ago, around the time that the B.C. government introduced a 15 per cent tax on foreign nationals buying real estate in the city.
Sales volumes then plunged and prices slowed their torrid upwards trajectory.
But just in the past month, sales in the Vancouver area have leapt forward by close to 50 per cent on a month-over-month basis, says Soper – better than the seasonal average…
