In the face of a series of recent reports of houses selling for hundreds of thousands of dollars over their asking prices, I thought it a good time to look at why all the gloom-mongers have been wrong, and why they may still be wrong. At least for a while yet. Average house price in Canada up […]
Toronto Business Posts
Toronto Home Sales On Pace for Record Year in 2015
Toronto’s real estate board has reported a record number of house and condo sales in July and says the Greater Toronto Area (GTA) is on pace to set a new record for home sales this year in 2015. Almost 9,900 homes changed hands in the GTA last month, up eight per cent from the same […]
Canada’s Luxury Home Market Running Hot And Cold
Canada’s luxury home market is either hot or cold — depending on where you live. A biannual study of luxury homes — those worth more than $1 million — in four of Canada’s largest cities found two very different results. While luxury real estate is going gangbusters in the markets of Toronto and Vancouver, million-dollar home sales in Calgary […]
Canada, USA and 10 Countries Reached Tentative Trans-Pacific Partnership Trade Deal
Twelve nations, including Canada, have reached a tentative deal on a massive Pacific Rim trading bloc billed as the largest-ever deal of its kind, with implications for hundreds of millions of people, hundreds of products and industries, and for long-term relationships between countries on four continents. “With this agreement, the largest economic partnership in […]
WOW’s $99 Iceland Flights Challenge Established Airlines
The bargain basement airline business is littered with failures. But that doesn’t frighten WOW’s Icelandic founder Skúli Mogensen, who started the airline with a personal fortune he made in Montreal. Mogensen says his business represents the future and it is the establishment airlines who should worry. That may depend on whether WOW, which will begin next May by offering […]
