1 week ago Toronto's crashing condo market like nothing seen since global financial crisis

Toronto's pre-construction condo market is finally bottoming out after over a decade and a half of frenzied construction that has reshaped the city's skyline while also contributing to a runaway increase in housing costs.But after years of doom-and-gloom predictions, a new RBC report makes it pretty clear that the developers and investors running the show are no longer able to rake in the immense profits that drove the local building boom to sky-scraping heights (and costs).The report released on Tuesday, titled "Navigating Toronto's frozen pre-construction condo market," outlines the steep decline in sales in pre-construction developments, a nosedive characterized as a "deep freeze" of "plummeting" sales at levels "not seen since the global financial crisis."RBCIt may seem like they're stating the obvious at this point, but experts are pointing to the reality of investor demand driving the local pre-construction condo market a...

Events

1 week ago Leong: What you hear is sound of defeat in Calgary's battle against excessive noise

For more than a decade, the city has fought and lost its various attempts to clamp down on obnoxiously loud noise from vehicles

Events

2 w. ago Aquilini grandson accuses family of ‘conspiracy’ to disinherit him

VANCOUVER — A member of the Aquilini family that owns the Vancouver Canucks NHL team has filed a lawsuit alleging he was disinherited from a family trust and excluded from the family business in a “retaliatory” conspiracy over historical allegations of sexual assault against an unnamed family member. Matteo Aquilini filed a lawsuit this week […]

Other

2 w. ago Lawsuit alleges some Aquilini grandchildren cut out of Canucks family fortune

The Aquilini family through the Aquilini Investment Group controls a business empire across Canada and the United States

Other

2 w. ago Supreme Court of Canada sides with Toronto couple over disputed portion of their backyard

In its decision, the Supreme Court sided with the couple, saying that under the applicable statutory rules the city's title to the land was extinguished over four decades ago.

Other

2 w. ago Toronto business turns to public for support amid owners' health battles

A Toronto business is looking to its community for support as the family behind its operations faces two challenging health battles. The Gargoyle is a collectibles store that's been selling toys, comics, and cars to vintage collectors and pop culture enthusiasts for seven years. The couple behind the store, David Wong and his wife, Charlene, have lived in the Upper Beaches for nearly a decade and have become embedded in the Kingston Road Village community. At the beginning of the summer, David was diagnosed with esophageal cancer and has since been receiving treatment at Princess Margaret. On top of this, David has been supporting Charlene through her battle with Parkinson's Disease for the past 15 years. With his help, the family has been able to go to the YMCA gym every day, bike, stand-up paddleboard at the beach, and run The Gargoyle together. However, with David focusing on receiving treatment, Charlene is unable to...

Economics

2 w. ago Beloved Toronto restaurant to leave location after 13 years in business

A Toronto restaurant that's been a local staple for over a decade is closing permanently to move out of the city.Toronto's culinary scene is a dazzling mosaic of international cuisines that span, seemingly, every corner of the globe. It may be trite, but it's true.If you're in the mood for Nicaraguan, Georgian, Ethiopian, Peruvian or anything else, it won't take you long to find it in the city. That's what makes the 'Six so special.When it comes to Cuban food, however, the options — though great — are decidedly limited, and, since 2012, Roncesvalles' La Cubana has been the undisputed champion for the cuisine in the city.Founded by chef Corinna Mozo, the restaurant is a cool, casual spot that serves up the absolute best of Cuban cuisine, which, yes, includes but is in no way limited to, the almighty Cubano Sandwich, a forever favourite of ours.In the 13 years since opening, La Cubana has become a local institution, embodying the untucked, c...

Economics

2 w. ago Trump’s Surgeon General Nominee to Divest Family Tobacco, Tech Holdings

President Donald Trump nominated Casey Means four months ago for US surgeon general, a post that still remains open. Now Means, a Stanford University-trained physician and wellness influencer who focuses on functional medicine, is disclosing “steps that I will take to avoid any actual or apparent conflict of interest.”

Other

3 w. ago A family business is shocked that their landlord wants them out after decades. Their landlord is the City of Vancouver

Dan Fumano: City staff's recent recommendation to turf the well-loved Shaughnessy Restaurant in favour of a new operator has left many mystified

Economics

4 w. ago Trump Family Adds $1.3 Billion of Crypto Wealth in Span of Weeks

It took just a few eventful weeks for President Donald Trump’s family to rack up about $1.3 billion from two crypto ventures, each less than a year old.

Economics