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CIBC to cut ties with President's Choice, unveils branchless banking brand - The Globe and Mail + MORE Aug 16th
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How much income do you need to buy a home in Canada? A look at home affordability in April 2025 + MORE May 27th
April marked another chilly month for Canadian home sales, but there were perks in store for those actively on the house hunt. Home prices continue to soften in many of Canada’s largest urban centres, leading to an overall improvement in affordability in just over half of the cities.
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Are women getting the right advice about RESPs? Apr 30th
When my first child was born in early 2011, I wanted to set up a registered education savings plan (RESP) as soon as possible. My husband didn’t have any student debt of his own, but I’d left university with over $40,000 owing on a line of credit—a huge number that I carried into our marriage .... More »
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‘Grand Theft Auto VI’ Trailer Smashes Past 475 Million Views in First Day (Exclusive) The Hollywood ReporterThe GTA 6 trailer makes Rockstar’s changed politics very clear PolygonTake-Two Stock Jacked Up On Second 'GTA 6' Game Trailer Investor's Business DailyGr.... More »
This Toronto nurse recently graduated with $50K of debt. He works more 60 hours a week during the pandemic. He’s in a rush to pay off his OSAP loan and move out. Can he do it? Aug 3rd
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Average Canadian home price is $508,567
– moneysense.ca
TORONTO – A record number of homes across the country were sold in March, although the Vancouver and Toronto markets saw declines from the previous month, the Canadian Real Estate Association said Friday.
The Ottawa-based group said about 60 per cent of all local markets showed an increase in transactions from February, including Edmonton, Calgary, Montreal and Victoria.
But sales in the Toronto area were down 1.8 per cent from February. The situation was slightly similar in Vancouver, where sales fell a more modest 0.3 per cent, but that contrasted with a national increase of 1.5 per cent.
March was the first full month where new federal rules intended to cool overheated markets were in effect. Under the changes, anyone buying a home that costs between $500,000 and $1 million face a minimum down payment of 10 per cent.
Canada’s Best Deals in Real Estate »
The changes were aimed at slowing the torrid rise in prices in the red-hot markets of Toronto and Vancouver without hurting sales in other markets…
The Ottawa-based group said about 60 per cent of all local markets showed an increase in transactions from February, including Edmonton, Calgary, Montreal and Victoria.
But sales in the Toronto area were down 1.8 per cent from February. The situation was slightly similar in Vancouver, where sales fell a more modest 0.3 per cent, but that contrasted with a national increase of 1.5 per cent.
March was the first full month where new federal rules intended to cool overheated markets were in effect. Under the changes, anyone buying a home that costs between $500,000 and $1 million face a minimum down payment of 10 per cent.
Canada’s Best Deals in Real Estate »
The changes were aimed at slowing the torrid rise in prices in the red-hot markets of Toronto and Vancouver without hurting sales in other markets…
Initial public offerings scheduled to debut next week
– canadianbusiness.com
NEW YORK, N.Y. – The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings.
Week of April 18:
American Renal Associates Holdings – Beverly, Mass., 7.5 million shares, priced $20-$23, managed by BofA Merrill Lynch/Barclays Goldman Sachs. Proposed NYSE symbol ARA. Business: Kidney dialysis clinics.
MGM Growth Properties LLC. – Las Vegas, 50 million shares, priced $18-$21, managed by BofA Merrill Lynch/J.P. Morgan Stanley. Business: MGM Resorts-backed REIT with an initial protfolio of 10 gaming properties.
SecureWorks – Atlanta, 9 million shares, priced $15.50-$17.50, managed by BofA Merrill Lynch/Morgan Stanley Goldman Sachs. Business: Managed security services provider being spun out of Dell.
The post Initial public offerings scheduled to debut next week appeared first on Canadian Business – Your Source For Business News.
Week of April 18:
American Renal Associates Holdings – Beverly, Mass., 7.5 million shares, priced $20-$23, managed by BofA Merrill Lynch/Barclays Goldman Sachs. Proposed NYSE symbol ARA. Business: Kidney dialysis clinics.
MGM Growth Properties LLC. – Las Vegas, 50 million shares, priced $18-$21, managed by BofA Merrill Lynch/J.P. Morgan Stanley. Business: MGM Resorts-backed REIT with an initial protfolio of 10 gaming properties.
SecureWorks – Atlanta, 9 million shares, priced $15.50-$17.50, managed by BofA Merrill Lynch/Morgan Stanley Goldman Sachs. Business: Managed security services provider being spun out of Dell.
The post Initial public offerings scheduled to debut next week appeared first on Canadian Business – Your Source For Business News.
TORONTO — A record number of homes across the country were sold in March, although the Vancouver and Toronto markets saw declines from the previous month, the Canadian Real Estate Association said Friday.
The Ottawa-based group said about 60 per cent of all local markets showed an increase in transactions from February, including Edmonton, Calgary, Montreal and Victoria.
But sales in the Toronto area were down 1.8 per cent from February. The situation was slightly similar in Vancouver, where sales fell a more modest 0.3 per cent, but that contrasted with a national increase of 1.5 per cent.
Related post: The crazy world of peak real estate
March was the first full month where new federal rules intended to cool overheated markets were in effect. Under the changes, anyone buying a home that costs between $500,000 and $1 million face a minimum down payment of 10 per cent.
The changes were aimed at slowing the torrid rise in prices in the red-hot markets of Toronto and Vancouver without hurting sales in other markets…
Bombardier stock hits six-month high after reports of Delta order
– theglobeandmail.com
A final agreement between Atlanta-based Delta and Bombardier for 75 firm orders and options for 50 more of its 100-150 seat C Series planes is expected at the end of April
Mitel Networks Corp. has a friendly deal to pay $1.96 billion US in cash and stock for Polycom Inc., a Silicon Valley company with global expertise in telephone and video conferencing and a much larger workforce around the world.
