The federal housing agency says there is a risk of correction in Canadian housing markets in several cities, especially Toronto, Saskatoon and Regina, because of overvaluation and overbuilding of real estate. Canada Mortgage and Housing Corporation looks at housing markets in 15 Canadian cities every quarter, in an effort to detect housing bubbles. Average Canadian […]
Toronto developer defends move to not use designer named in promo materials
A Toronto developer facing a $6.5 million lawsuit is defending its decision not to use a prominent interior designer, even though brochures about the property used the designer’s name. Freed Developments Ltd., a well-known developer in the city, said in a marketing brochure and on its website that the Six50King building, at King and Bathurst, […]
Toronto house hunters jumping in to the market early in 2016
Bosley Real Estate Ltd. agent David Fleming was optimistic last week that his clients had a good chance of surpassing rival bidders for a semi-detached house on Monarch Park Avenue in Toronto’s east end. To his surprise, Mr. Fleming was in a contest with 23 other contenders that night. The start of a new […]
RRSPs a blind spot for nearly a third of young Canadians – survey
OTTAWA—Nearly a third of young Canadians admit they are “not at all knowledgeable” about retirement savings plans, according to a survey done for TD Bank. The report also suggested that a large proportion of those aged 18 to 33 are uninformed about what registered retirement savings plans can and cannot be used for. Only […]
It’s a correction, not a collapse, is Bank of Canada’s message
On another day, the Bank of Canada’s decision to leave a key interest rate unchanged at 0.50 per cent might have sent the dollar and markets higher. But the decision Wednesday was overwhelmed by more global angst and both went lower, though the dollar stood mostly firm in the face of overwhelmingly negative sentiment. […]
