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Trudeau says B.C. money laundering report is ‘extremely alarming’
EDMONTON – Prime Minister Justin Trudeau says a report out of British Columbia on the extent that criminals are laundering their dirty money in Canada is alarming and shows that everyday Canadians are being hurt in the process.The…
$5 billion laundered through B.C. real estate in 2018, drove up home prices
VICTORIA – A report that estimates $5 billion was laundered through British Columbia's real estate market last year also lifts the lid on the extent of illegal cash moving across Canada.Some $7.4 billion overall was laundered in B.C. in…
CMHC reports annual pace of housing starts in Canada increased in April
The trend in housing starts was 206,103 units in April 2019, compared to 202,420 units in March 2019, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly seasonally…
Staunching the Loss
Ontario is currently seeing $2.5 billion in municipal construction contracts not subject to fair and open bidding.
Toronto shipping container market Stackt provides a break from downtown condos
TORONTO – The structure made of repurposed shipping containers on a busy street in Toronto's downtown core is as much a gathering place as it is a marketplace.The parcel of city-owned land – sprawling by downtown standards – was…
Major housing development planned on Indigenous land in heart of Vancouver
VANCOUVER – Walking along the base of the Burrard Street Bridge that crosses Vancouver's False Creek toward the downtown core, Khelsilem gestures across a gravel lot poised to become one of the largest Indigenous urban developments in…
Reduced demand, increased supply remains trend across Vancouver’s housing market
Decreased demand continues to allow the supply of homes for sale to accumulate across the Metro Vancouver* housing market.The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled…
Canada’s overall housing market conditions improve as price acceleration eases
Canada's overall housing market assessment has changed to moderate after ten consecutive quarters of being rated highly vulnerable, according to the most recent Canada Mortgage and Housing Corporation (CMHC) Housing Market Assessment (HMA).…
Ontario introduces Toronto subway upload bill in omnibus legislation
TORONTO – Premier Doug Ford's plan to take control of Toronto's subway system moved forward Thursday as the government introduced legislation that would give it authority over future transit expansion in the city.The bill – dubbed the…
Ontario to make it easier to build secondary suites, rental housing
TORONTO – Ontario is proposing to make it easier to build secondary suites and rental housing as part of efforts to increase supply, but parallel changes to a land tribunal are being decried by critics as favouring developers over…