Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: Housing starts CMHC releases its latest read on the Canadian housing market on Monday when it publishes its preliminary data on housing starts for March. The annual pace of housing starts cooled in February as higher mortgage rates and less stimulative economic conditions helped... Read More

Bank CEOs expecting muted economic growth, spring housing market

Bank CEOs expecting muted economic growth, spring housing market
TORONTO — The chief executives of Canada’s biggest banks say they expect muted economic growth, a slower spring housing market and have concerns about the country’s future prosperity, but also expressed confidence in their ability to navigate any rough patches ahead. Toronto-Dominion Bank’s CEO Bharat Masrani said the lender’s economists foresee “constrained” growth in 2019, amid trade tensions and strains in the energy market, but Canada... Read More

GTA home sales flat in March while prices edge up and listings fall

GTA home sales flat in March while prices edge up and listings fall
TORONTO — A flattened real estate market in the Greater Toronto Area has the region’s real estate board again calling for revisions to stricter mortgage stress tests. “The stress test provisions and mortgage lending guidelines generally, including allowable amortization periods for insured mortgages, should be reviewed,” Garry Bhaura, president of the Toronto Real Estate Board president, said in a statement Wednesday.... Read More

Metro Vancouver’s dismal home sales in March blamed on government policies

Metro Vancouver’s dismal home sales in March blamed on government policies
VANCOUVER — Home sales in Metro Vancouver in March plunged to levels not seen in more than three decades and real-estate experts blame government policies, not a lack of demand, for the dismal showing. The Real Estate Board of Greater Vancouver reports 1,727 homes changed hands, a 31.4 per cent tumble from sales recorded for the same month last year. March 2019 sales were... Read More

Online real estate auctions try to shake up sales with novel approach

Online real estate auctions try to shake up sales with novel approach
An online auction for a luxury home in Abbotsford, B.C., is drawing attention for its novel approach, which some observers say has potential to inspire new sales even if it doesn’t have any notable impact on the housing landscape. Bidding opens Tuesday on the 12-bedroom, 10-bath restored train power station known as the “Sumas Powerhouse,” which was previously listed for $5 million and... Read More

Budget 2019: Five things to watch for in the Liberals’ final fiscal blueprint

Budget 2019: Five things to watch for in the Liberals’ final fiscal blueprint
OTTAWA — Finance Minister Bill Morneau will release the Trudeau government’s final budget of its mandate Tuesday, just seven months before the next federal election. Here are some things to watch for: A boost to skills training The government says it wants to help workers adapt to the rapidly changing needs of the modern workforce. The budget is expected to announce measures to help Canadians cover... Read More

Canadian home sales fall in February, average price down; CREA updates outlook

Canadian home sales fall in February, average price down; CREA updates outlook
OTTAWA — The Canadian Real Estate Association says home sales in February fell compared with a year ago and the average selling price also moved lower. The association says sales last month were down 4.4 per cent compared with February of 2018. On a month-over-month basis, national home sales in February were down 9.1 per cent compared with January. The... Read More

Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: Quebecor earnings Quebecor and Quebecor Media will release fourth-quarter earnings and host a conference call on Wednesday. Quebecor’s TVA Group announced in February that is has an agreement to buy the Incendo group, a Montreal-based producer and distributor of television programs for international markets,... Read More

CMHC reports annual pace of housing starts slowed in February

CMHC reports annual pace of housing starts slowed in February
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in February slowed compared with January. The housing agency says the seasonally adjusted annual rate of housing starts fell to 173,153 units in February compared with 206,809 units the month before. Economists had expected an annual pace of 205,000, according to Thomson Reuters Eikon. The overall... Read More