Montreal home sales climb six per cent in November as housing supply tightens

Montreal home sales climb six per cent in November as housing supply tightens
MONTREAL — The real estate market in Montreal and the surrounding area continues to show strength, as the number of homes sold climbed six per cent in November compared with a year ago, amid declining supply. The Greater Montreal Real Estate Board says there were 3,630 residential sales last month, setting a new sales record for the month of November. It also marked the... Read More

Bombardier forecasts 10% revenue boost in 2019 after plans for 5,000 layoffs

Bombardier forecasts 10% revenue boost in 2019 after plans for 5,000 layoffs
MONTREAL — Bombardier Inc. says its largest jetliner, a massive rail backlog and aftermarket services will propel the plane-and-train maker to 10 per cent revenue growth in 2019, roughly in line with analyst expectations. The 2019 guidance comes in the wake of a 60 per cent stock dive over the past five months and recent restructuring plans that will see... Read More

13 and 4: Real estate’s unlucky numbers and what some cities are doing about it

13 and 4: Real estate’s unlucky numbers and what some cities are doing about it
TORONTO — It’s an open secret among real estate agents that in certain communities, condo units on the fourth floor can take longer to sell. “When I was younger, I didn’t believe any of these things. I thought it was just BS,” said Tina Mak, a Vancouver-area real estate agent who has been in the business for nearly 30 years. “You... Read More

China demands Canada release Huawei executive arrested in Vancouver

China demands Canada release Huawei executive arrested in Vancouver
VANCOUVER — Chinese officials are demanding that Canada release Huawei Technologies’ chief financial officer, who was arrested in Vancouver over the weekend and faces possible extradition to the United States. Foreign ministry spokesman Geng Shuang told reporters Thursday that the Chinese government also wants Canadian officials to reveal the reasoning behind Meng Wanzhou’s arrest Saturday. He also said Meng’s legal rights must... Read More