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Central bank holds rate as it balances domestic economic pickup with trade risks
OTTAWA – The Bank of Canada left its key interest rate steady Wednesday as it looked to balance mounting evidence of a domestic economic pickup against the expanding risks of international trade conflicts.The central bank kept its…
Report says government policies weigh on declining B.C. housing market
VICTORIA — A real estate market outlook by Vancouver's Central 1 Credit Union says tougher federal and provincial government housing policies are behind a drop in demand for resale housing in British Columbia.The report released on…
Ontario Launches Search for Development Partners to Transform Ontario Place
The Ontario government has announced that, it is “launching a world-wide search to find a private sector partner, or partners, with the best, most remarkable concepts to transform Ontario Place into the world-class destination it was always…
Homebuyers escaping high housing costs by relocating to secondary cities
TORONTO – Danielle Bacci's favourite part of her move to near Windsor, Ont., is the lack of traffic along her 15-minute commute to work in nearby Leamington.The 26-year-old bank employee and her partner left Toronto and bypassed the…
Altus Group Reports New condominium apartments Sales Decreased From 2017
Sales of new condominium apartments in the Canadian markets totalled just over 48,500 units in 2018, dropping by 21 per cent from the almost 62,000 sales in 2017, according to Altus Group’s latest housing report.The GTA accounted for…
CMHC CEO defends mortgage stress test changes amid calls for loosening rules
The CEO of Canada Mortgage and Housing Corporation is forcefully defending mortgage stress test rules and warning federal policy-makers to hold the line amid calls for softening the measure from industry associations.'' My job is to…
First Ever Passive House High-Rise Retrofit in Canada Announced in Hamilton
Seniors in Hamilton will soon have new affordable housing options thanks to the Ken Soble Tower transformation that will make this high-rise the first retrofit Passive House tower in Canada.On Wednesday in Hamilton, Adam Vaughan,…
Markham uses Collision to put spotlight on land parcel designed for innovation hub
TORONTO – The mayor of Markham is using a major technology conference to tell startup enterprises that his city north of Toronto is preparing a large parcel of land to be the home of a new innovation hub.
Mayor Frank Scarpitti says Markham…
CMHC says Canadians debt levels hit record highs at end of last year
TORONTO – Canadian household debt reached a record high at the end of last year even as mortgage activity slowed, the Canada Mortgage and Housing Corp. said in a report out Wednesday.The debt to income ratio of Canadians hit a record…
IMF urges Canada to stay course on housing, speed up internal trade revisions
Canada should hold off on changes to make homebuying more affordable but should speed up efforts to reduce trade barriers within its borders, advises the International Monetary Fund.The organization calls for policies that focus on…