Committed to Maintaining Stability of Financial Markets
The G7 stand ready to take whatever action is needed to maintain the stability of the financial sector, the group announced on Monday morning after a series of meetings over the weekend and into Monday. The G7 said they remained committed to protecting the integrity of the international financial […]

Most indicators suggest that Toronto’s economy is not having its best year. Manufacturing in the Greater Toronto Area (GTA) is being hammered by the high Canadian dollar and the slowdown in the U.S. economy. The ‘Big Three’ auto firms are facing weaker demand from south of the border and a shift in production to more […]

The property market has been slowing for months across much of Canada and the recent turmoil in the financial sector could slow things even more. Banks are toughening lending practices, fewer discounts are being offered on  rates and several players have pulled out altogether.
Such is the new landscape of the housing market as listings […]

Greater Toronto Area Resale Housing Moderates in September
The Greater Toronto Area’s autumn resale housing market began with moderate activity, Toronto Real Estate Board President Maureen O’Neill announced yesterday. With 2,726 sales during the first half of this month, activity has declined 16 per cent from the 3,236 recorded during same time period a year ago. […]

Global financial markets are in turmoil and the Canadian economy is slowing, but that hasn’t put a damper on the promotional effort touting an as-yet-to-be-built condo unit at Toronto’s Four Seasons Hotel and Private Residences as “Canada’s most expensive penthouse!”
The posh condo in Toronto’s Yorkville neighbourhood is expected to list in the $30-million range, but […]

Sales of previously owned Canadian homes fell 3.4 percent in August from July as new listings slowed and house prices slid in some western markets, the Canadian Real Estate Association said on Thursday.
Existing home sales in major markets fell 3.4 percent to 24,887 units on a month-over-month basis, according to CREA, which represents more […]

Co-ownership is one way for first-time buyers to get a foot in the door of the current housing market.
Many Canadians in their 20s and 30s who dream of owning a home face a significant financial hurdle, especially since house prices just seem to keep on rising, making affordability a burning issue. When entering the workforce, […]

Leased Space Up Three Per Cent In August
In August, TREB Members reported 830,317 square feet of leased IC&I space across the GTA, up three per cent over the 806,743 figure recorded during the same month of 2007, Commercial Council Chair Garry Lander has announced.
“In addition to solid activity in August, the summer of 2008 has […]

National sales numbers for August, to be released by the Canadian Real Estate Association (CREA) on Monday, will disclose the third consecutive monthly drop in existing-home prices and the largest decline since prices slipped in June for the first time in more than nine years. Nationwide, the price of a resale home fell more sharply […]

The number of new housing starts in Canada grew last month on an acceleration of condominium building in Ontario, according to the country’s national housing agency. Canada Mortgage and Housing Corporation says the seasonally adjusted annual rate of housing starts moved up to 211,000 units in August, from 186,500 units in July.
“After a brief pause […]