11 h. ago TRREB: More Interest Rate Cuts and a Trade Deal Would Further Improve Home Sales

TORONTO, July 04, 2025 (GLOBE NEWSWIRE) — Ownership housing affordability continued to improve in June 2025. Average selling prices and borrowing costs remained lower than last year’s levels. However, despite some month-over-month momentum, many would-be homebuyers remained on the sidelines due to economic uncertainty.  “The GTA housing market continued to show signs of recovery in […]

Economics

27 h. ago Oasis fan fights Ticketmaster for Toronto concert refund after singer drops racial slur

Britpop icons Oasis are back together after a 16-year hiatus, but the '90s band's brash frontman, Liam Gallagher, is already stirring up controversy ahead of back-to-back Toronto shows at the brand-new Rogers Stadium next month.Gallagher has been under fire since Tuesday over a derogatory tweet that used a racial slur to refer to people of Asian descent. The backlash was immediate, though the "Whatever" singer would initially defend his statements before backtracking and attempting damage control.Gallagher later took to X to apologize to fans, but one local ticketholder isn't being swayed by the singer's sudden change of tone.Sorry if I offended anyone with my tweet before it wasn't intentional you know I love you all and I do not discriminate. peace and love LG x— Liam Gallagher (@liamgallagher) July 1, 2025Ontario resident Yifan Liu, who had purchased tickets to one of the upcoming Oasis tour dates in Toronto on August 25, was shocked ...

Sport

5 d. ago Will XRP Hit $5? PFMCrypto Expands XRP Mining Contracts to Meet Surging Investment Demand

XRP Builds Strong Momentum as $5 Price Target Comes Into Focus. PFMCrypto’s New XRP Mining Contracts Offer Investors a Unique Opportunity for Daily Passive Income and Long-Term Asset Growth. Farington, England, June 29, 2025 (GLOBE NEWSWIRE) — XRP Builds Strong Momentum as $5 Price Target Comes Into Focus. PFMCrypto’s New XRP Mining Contracts Offer Investors […]

Economics

8 d. ago Buy Now, Pay Later loans will soon affect some credit scores

NEW YORK (AP) — Hundreds of millions of ‘Buy Now, Pay Later’ loans will soon affect credit scores for millions of Americans who use the loans to buy clothing, furniture, concert tickets, and takeout. Scoring company FICO said Monday that it is rolling out a new model that factors the short-term loans into their consumer […]

Economics

1 week ago Report says hoping for Canadian housing prices to plummet is not realistic

Canada must dramatically increase the pace of home construction — nearly doubling current annual housing starts — to address the country's deepening housing affordability crisis, according to a new report from the Canada Mortgage and Housing Corporation (CMHC).In its updated annual analysis of Canada's housing supply shortage, CMHC estimates that the country needs to build between 430,000 and 480,000 housing units annually until 2035, up from the current trajectory of about 250,000 units per year. The aim is to restore affordability to levels last seen in 2019, prior to the pandemic-driven housing boom.The federal Crown corporation has shifted its modelling framework to a rolling 10-year horizon, abandoning its earlier 2030 benchmark, which it now considers unrealistic due to the lengthy timelines needed for land use approvals and construction."Restoring affordability to levels last seen two decades ago isn't realistic, especially after the pos...

Economics

1 week ago Loblaws agrees to change 'anticompetitive conduct' and it could lower grocery prices

Loblaws has committed to ending property controls in Canada, a move that the country's competition watchdog says is in favour of shoppers.The Competition Bureau announced that it's monitoring the grocery giant's recent pledge to eliminate property controls, or what it calls "anticompetitive restrictions on the use of real estate."This is the result of an investigation into the alleged "anticompetitive conduct" by Loblaws and Sobeys that began last March. The government agency ordered the grocers to surrender records about real estate holdings, lease agreements, customer data and other related documents.Last August, the regulator announced that businesses taking advantage of property controls in commercial real estate could be fined.What are property controls, and how do they affect grocery shoppers?There are two types of property controls: exclusivity clauses and restrictive covenants.Generally found in commercial leases,...

Economics

1 week ago Here's why concert tickets and event ticket prices seem so high in 2025

A recent media briefing held by Live Nation provided a few answers to common questions around ticket prices — and why they seem so high

Economics

2 w. ago Spacious $575,000 condo in Ontario is the perfect blend of cozy and contemporary

This $575,000 Ontario condo is a rare gem you won't want to miss, boasting two bedrooms, two bathrooms and a host of sought-after upgrades.Finding a home listed for under $1 million is hard enough in and around Toronto, but under $600,000 for a comfortable, modern place to hang your hat is virtually unheard of in 2025.Enter unit 101 at 2010 Cleaver Avenue in Burlington. Priced under $600,000, the spacious condo unit is a truly rare find and, coupled with its bright, natural light-filled design, it's safe to say that it verges on dream home status.Located within a commutable distance to Toronto and nearby schools, green spaces and local businesses, Burlington is a deeply desirable spot to settle down — and, clearly, the price of property there can't be beat.The open-concept common areas give the 1,200 sq. ft. unit a particularly spacious feel, allowing for seamless flow between the living and dining areas, with the kitchen and bedrooms not far beyond.The layout also...

Economics

2 w. ago Citigroup Announces $650 Million Redemption of Floating Rate Notes Due 2026

NEW YORK — Citigroup Inc. is announcing the redemption, in whole, constituting $650,000,000 of its Floating Rate Notes due 2026 (the “notes”) (ISIN: US172967MB43). The redemption date for the notes is July 1, 2025 (the “redemption date”). The cash redemption price for the notes payable on the redemption date will equal par plus accrued and […]

Economics

2 w. ago Bombardier Completes Partial Redemption of US$500,000,000 of its 7.875% Senior Notes due 2027

MONTRÉAL, June 13, 2025 (GLOBE NEWSWIRE) — Bombardier Inc. (“Bombardier”) today announced that it has redeemed US$500 million principal amount of its outstanding 7.875% Senior Notes due 2027 (the “Redemption Notes”) as set forth in the notice of partial redemption issued May 14, 2025. Payment of the redemption price and surrender of the Redemption Notes […]

Events

3 w. ago Rent prices in Ontario keep plummeting and here's where they're the lowest

The cost of living in Ontario may still be completely out of hand, but at least the price of something in the province is going down: rent.The price of the average Ontario apartment has been on the decline for months, including in cities like Guelph, Barrie, Mississauga and yes, even incessantly expensive Toronto, which now boasts the lowest rents it's seen in years as the housing market crashes.A sharp rise in supply amid a drop-off in demand across both the real estate and rental markets — especially when it comes to condo units — has been a huge force in reducing prices in key markets across Canada, with year-over-year price reductions now reported for eight months in a row.In Ontario, prices for all unit sizes but three-bedrooms plummeted year-over-year yet again in May, according to new stats from Rentals.ca and Urbanation, released this week.Chart of how the provinces measure up when it comes to rent prices...

Economics

4 w. ago Loblaws takes popular coffee brand off shelves after huge price increase

Folgers will soon disappear from Loblaws store shelves after a pricing dispute between the grocer and the coffee brand.In an email, a Loblaw Companies Ltd. spokesperson stated that Folgers recently proposed "significant" cost increases on its coffee, which it believes are "unreasonable and unjustified based on underlying costs.""We know many Canadians have struggled with affordability in many aspects of their lives, and we have done what we can to keep prices down," reads the statement. "An important part of this has always been pushing back on manufacturers when we believe proposed cost increases are unjustified."The spokesperson noted that the price hikes were not related to tariffs, but would have had tariffs applied on top if it."Despite several attempts to address this with the manufacturer, we were not successful," Loblaws stated. "We will not accept or pass unjustified cost increases on to customers, and therefo...

Economics

last month RYTHM Premium Cannabis Brings Back The Miracle in Mundelein for a Third Year with Legal On

Damian “Jr. Gong” Marley, De La Soul, Umphrey’s McGee, Dark Star Orchestra and more are scheduled to headline the two-day event General admission and VIP ticket sales will be available on Friday, June 6 at 12:00 pm CST at www.themiracleconcert.com The event is strictly for individuals aged 21+, with cannabis purchase available in-store at RISE […]

Economics