9 d. ago Here's what you have to earn per hour to afford living in Toronto

Interest rates have eased, the pace of inflation is slowing (though prices are still on the rise), real estate values are plunging, and rent prices are lower than they've been in years.But, it's still nowhere near cheap to live in Toronto, and many people's salaries just aren't keeping up with how the price of goods, services and housing have escalated over the last five years.To float the typical home in the GTA, one needs to rake in more than a staggering $204,000 per year to cover the necessary monthly payments. And, even if you're not locked into an account-draining mortgage, you still have to bring home a hefty sum of cash to afford the average apartment.A new report from researchers at the Canadian Centre for Policy Alternatives (CCPA) estimates that to comfortably cover a one-bedroom unit in Toronto and still have enough left over to fund basic life expenses, one must earn at least $37.66 per hour — more than two times t...

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9 d. ago Here's what you have to earn per hour to afford living in Toronto right now

Interest rates have eased, the pace of inflation is slowing (though prices are still on the rise), real estate values are plunging, and rent prices are lower than they've been in years.But, it's still nowhere near cheap to live in Toronto, and many people's salaries just aren't keeping up with how the price of goods, services and housing have escalated over the last five years.To float the typical home in the GTA, one needs to rake in more than a staggering $204,000 per year to cover the necessary monthly payments. And, even if you're not locked into an account-draining mortgage, you still have to bring home a hefty sum of cash to afford the average apartment.A new report from researchers at the Canadian Centre for Policy Alternatives (CCPA) estimates that to comfortably cover a one-bedroom unit in Toronto and still have enough left over to fund basic life expenses, one must earn at least $37.66 per hour — more than two times t...

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2 w. ago Longest Rise in UK Home Listings Since 2004 Weighs on Prices

Home listings in the UK have been piling up for about a year — their longest streak in two decades — as cautious buyers and the rise in supply point to further downward pressure on prices, according to the latest Royal Institution of Chartered Surveyors survey.

Economics

3 w. ago Funds Cut Long Bets on European Gas at Fastest Pace Since Winter

Funds cut speculative long bets that European gas prices will rise at the fastest pace since last winter, signaling growing conviction that supply worries are set to ease as traders ramp up stockpiling ahead of the heating season.

Economics

3 w. ago LNG Demand, Prices to Rise Further This Year, Woodside CEO Says

Liquefied natural gas demand and prices are both set to rise through the end of this year, according to Woodside Energy Group Ltd., Australia’s biggest producer of the fuel.

Economics

3 w. ago China’s Limp LNG Demand Faces More Hurdles From Guangdong Reform

China’s tepid imports of liquefied natural gas face further pressure after market reforms in the southern province of Guangdong that could cut demand for the fuel from power plants.

Society