14 h. ago Here's how Toronto grocery prices compare with the Philippines

Groceries can be expensive no matter where you are. So we decided to compare prices at Walmart Canada to those of a supermarket in the Philippines.One Manila resident shared photos during a recent shopping trip at Cash & Carry, a supermarket selling local and international products.Filipinos can shop at "wet markets," a popular non-supermarket setting where meat, chicken, seafood, vegetables, and fruit can be purchased for a lower price. However, to make the shopping experience more easily comparable, we looked at a regular supermarket in the Philippines and Walmart Canada in Toronto.We also calculated the product's approximate price per unit and used the C$1 to 40.46 Philippine pesos conversion rate. Here's how shopping in the Philippines compares.Fuji applesPhilippines: Fuji apple, 204 pesos/1 kg ($5.04)Canada: Fuji apple, $5.50/1 kgPotatoesPhilippines: Potatoes, 210 pesos/1 kg ($5.18)Canada: Russet potatoes, $3.20/1 kgOnionsPhilippines: White onions, 192 pesos/1 kg ($4.74)Can...

Economics

3 d. ago Buyers offering way under asking price for homes in most parts of Toronto area

Despite a small surge just before the official start of spring, bidding activity on homes in the GTA largely seized up in March thanks to the ongoing trade war between Canada and the U.S. These economic and political uncertainties have convinced many prospective buyers to put their dreams of homeownership on hold, and as a result, homes in certain areas of the GTA are seeing bids well below their listing prices. A recent analysis by the digital real estate platform Wahi compared the differences between list and sold prices in roughly 400 neighbourhoods across the GTA. At the end of each month, the platform compares the differences between median list and sold prices to determine whether neighbourhoods are in overbidding or underbidding territory. Source: Wahi.Data was sourced from Information Technology Systems Ontario (ITSO) and the Toronto Regional Real Estate Board (TRREB).According to the report, approximately 20 per cent of GTA neighbourhoods with at le...

Economics

3 d. ago Huge share of Canadian renters blame housing crisis on wages

A new survey by online marketplace rentals.ca shows that many Canadian renters feel priced out of the housing market, with several factors driving unaffordability.The 2025 Federal Election Survey questioned hundreds of Canadian renters and discovered that over 40 per cent blamed the housing crisis on wage stagnation compared to housing prices.A total of 47 per cent of renters surveyed also identified stagnant wages and rising housing costs as a key issue in the upcoming federal election."Renters are just as concerned about affordability pressures and economic fairness as they are about supply constraints," stated the report."While issues for currently undecided voters were similar to the broader population, they did skew more towards concerns with inflation and wage stagnation, indicating that addressing the overall cost of living could be the key for parties hoping to win over these swing voters."A recent report from Normandin Beaudry, an actuarial consulting service, sai...

Other

3 d. ago New and used car prices set to rise due to Trump tariffs: experts

Experts say U.S. tariffs on Canadian auto imports will drive prices higher for both new and used cars. Sean Mactavish, CEO of used-car marketplace Autozen, says prices are already rising on some used cars as sellers anticipate buyers looking for a better deal compared to a new vehicle. “New car prices go up. People (look) […]

Economics

4 d. ago Greater Toronto home sales drop in March amid trade concerns: TRREB

Home sales in the Greater Toronto Area fell 23.1 per cent in March while more supply hit the market, helping bring down prices compared with a year ago.

Economics

9 d. ago Toronto grocery store permanently closing and you might be able to live there soon

A neighbourhood grocery store is officially preparing to close its doors for good next week, and you might soon be able to live in the space where it's thrived for several years.Silva Groceries Ltd., located at 1921 Davenport Rd., is known for its fresh produce, pantry staples, flowers, and seedlings. The store has been a go-to spot for locals for years, but as the neighbourhood evolves, change is on the horizon, and the building is proposed to be redeveloped into a five-storey mixed-use structure.An application for the development of the building has been submitted to the City and is currently under review. If approved, the 3,000-square-foot building will be transformed into a modern space with 19 residential units and commercial space on the ground floor.The building's design is proposed by Ambient Designs Ltd., the firm behind the stylish Ethica Coffee Roasters building on Sterling Road.The project proposes to include four parking spaces at the rear, which will be acces...

Other

1 week ago Here's how grocery prices have changed at Walmart in Toronto between 2024 and 2025

Does it feel like you're paying more for groceries? You're not imagining it. But while some prices at Walmart Canada went up in the last year, some items actually got cheaper.Canada's Food Price Report (CFPR) had forecast that food prices would increase by 3 per cent to 5 per cent in 2025. The report states that an average Canadian family of four is expected to spend $16,833.67 on food this year — up $801.56 from 2024.According to the report, Canadians are likely to see the most significant price increases in categories such as bakery, dairy, meat, restaurants and vegetables, up from 4 per cent to 6 per cent.Meanwhile, wages can't seem to keep up. The federal minimum wage is scheduled to increase by 45 cents on April 1 from $17.30/hour to $17.75 per/hour — a 2.4 per cent increase.And this year, a U.S.-Canada trade dispute has resulted in uncertainty across several industries.We wanted to see how prices in April 2024 compare to the curre...

Economics

1 week ago Vacation home market slows after pandemic boom, but prices still rising: Royal LePage

While fewer Canadians may be looking to buy a vacation home in some regions compared with years past, a new report says prices are expected to increase in 2025 as demand still outpaces supply across most markets. The report released Wednesday by Royal LePage forecasts the median price of a single-family home in Canada’s so-called […]

Economics

1 week ago Kolibri Global Energy Announces a 24% Increase in Production in 2024 With Record Annual Revenues and Adjusted EBITDA and Net Income of US$18.1 Million

THOUSAND OAKS, Calif. — All amounts are in U.S. Dollars unless otherwise indicated: 2024 HIGHLIGHTS Net revenues for 2024 were $58.5 million, an increase of 16% compared to 2023, and within guidance. This increase was primarily due to a 24% increase in production partially offset by a 7% decrease in average prices in 2024 compared […]

Economics