Economy

TORONTO – Ontario says it will introduce legislation this fall to freeze rent for some families next year.Municipal Affairs Minister Steve Clark's office says in a statement that the proposed rent increase for 2021 was to have been 1.5…

Canada Mortgage and Housing Corp. is bracing for further impacts on the housing market from the COVID-19 pandemic.The housing market will have to reckon with significant short-term uncertainty, as well as falling housing demand from…

TORONTO - The economic recovery from the COVID-19 pandemic will take longer than originally expected, with British Columbia among the provinces best positioned to rebound, the Conference Board of Canada suggests. The Ottawa-based think…

According to the Midyear Market Sentiment Survey released by Transwestern and Devencore, the impacts of COVID-19 on the commercial real estate industry became evident during the second quarter.According to the survey, the U.S. office…

As governments look to stimulus investments in infrastructure as a vehicle for economic recovery, there is an opportunity to support Ontario’s workforce to ensure the building industry can help meet Canada’s climate goals and create jobs,…

Canada will join a collaboration of governments and supporting organizations called The Three Percent Club to put the world on a path to three percent annual energy efficiency improvement.According to the organization, Canada’s…

MONTREAL, Ont. – DavidsTea is seeking court protection from creditors so it can continue operating while it restructures and plans to close a significant number of its stores.The Montreal-based company said Wednesday it will seek an…

NEW YORK – Americans are likely to see more ''for rent'' signs in the coming months as many businesses devastated by the coronavirus pandemic abandon offices and storefronts and potentially end a long boom in the nation's commercial real…

Significant employment and income declines, coupled with uncertainty over the future trajectory of the virus and employment and income conditions, will lower demand for housing in 2020 reports Canada Mortgage and Housing Corporation (CMHC).…

According to a Statistics Canada release, investment in building construction plunged 45.9% to $8.4 billion in April compared with the previous month. Previously, the largest national decline on record for the current series (which dates…