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Toys "R" Us ends Canadian stores auction with Fairfax as sole bidder + MORE Apr 23rd
Toys "R" Us Inc. will seek approval to sell its Canadian unit to Fairfax Financial Holdings Ltd. after cancelling an auction for the company's Canadian operations..... More »
How should I invest a $60,000 inheritance? + MORE Jul 31st
Creative Commons/Quinn Dombrowski
Q I will be coming into $60,000 in the next month or so. I will use about $10,000 to pay down my line of credit (LOC) and credit card. I already have a TFSA account with lots of room to add more money. I also have a small investment account with my bank, which has.... More »
Stock news for investors: BlackBerry reports Q2 profit growth while Air Canada slashes guidance post-strike + MORE Sep 26th
Here’s a round-up of news for Canadian investors this week.
BlackBerry Ltd.
Air Canada
Featured RRSP Accounts
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EQ Bank
Build your retirement savings with 1.50% interest, t.... More »
U.S. investment banks’ trading slump could head north to Canada + MORE Jul 18th
Wall Street performance strengthens analysts’ expectations that Canadian firms will report lower results at end of current quarter
.... More »
Innovative Devices are Transforming a Regular Day’s Work in the Financial Services Industry Dec 23rd
When COVID-19 hit, the pace of digital adoption within the financial services industry was accelerated practically overnight. Employees needed a way to stay connected and productive away from the office and turned to the latest digital tools and technologies to make this a reality. Now, there’s no.... 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…
