24 h. ago Canadian Luxury Real Estate Strongholds Defy Trade War Turmoil

Montreal and Calgary resilient amidst national housing slowdown; Toronto’s ultra-luxury buyers defy market trends as Vancouver cools Toronto , May 07, 2025 (GLOBE NEWSWIRE) — 2025 First Quarter Highlights A fragile rebound in consumer confidence and real estate activity unravelled in the first quarter of 2025, as the escalating Canada–U.S. trade war and threats to […]

Economics

39 h. ago High morgtage payments, downpayments keep buyers out of housing market: Survey

“Like sucking the oxygen out of a room, rising housing costs in Canada leave little left for consumers to spend in the overall economy"

Other

39 h. ago High morgtage payments, downpayments keep buyers out of housing market: Poll

“Like sucking the oxygen out of a room, rising housing costs in Canada leave little left for consumers to spend in the overall economy"

Other

49 h. ago 1 in 3 Canadians say down payments are blocking homeownership

TORONTO and MONTREAL, May 06, 2025 (GLOBE NEWSWIRE) — As rent prices outpace inflation and wages lag, one-in-three (32%) Canadians say saving for a down payment is the biggest barrier keeping them out of the housing market, according to a new survey from CPA Canada and BDO Debt Solutions. Another 30 per cent of Canadians […]

Other

62 h. ago More Canadians are holding back on buying homes amid recession fears

Rising concerns about Canada plunging into a recession are deterring prospective homebuyers, according to a new report.The BMO Financial Group released its latest Real Financial Progress Index on Monday, revealing that many Canadians are taking a "wait and see" approach as the possibility of Canada descending into an economic recession increased from 60 per cent to 74 per cent from March to April 2025."Canada's housing market remained under pressure heading into the spring, with sales and prices both weakening further," said Robert Kavcic, senior economist at BMO Capital Markets."There is some clear underlying weakness as inventory builds and investors remain absent. Suffice it to say, homebuyers are losing confidence and motivation, especially in areas of B.C. and Southern Ontario."The BMO survey examined how concerns about the economy have impacted prospective homebuyers' decisions.It found that over two-thir...

Other

7 d. ago Salgo: Don't expect a radical overhaul of the public service under Carney

The Liberal platform that will guide the PM is a surprisingly status quo document that leans towards expansive, albeit more businesslike, government.

Transport

8 d. ago A totally retro Toronto house just hit the market for only $750,000

If you're a sucker for hardwood floors, stained glass windows, and original wood trim, 125 Dawes Rd. might just be your vintage dream come true.Located in Toronto's East York area, this three-bedroom, two-bathroom semi-detached brick home is bursting with character.From the moment you step inside, you're greeted by retro charm. The living room. Think stained glass windows, a formal dining room with gumwood trim and a plate rail, and even an original wood-burning brick fireplace for those chilly winter nights.The dining room. While the house proudly leans into its vintage vibe, not everything is stuck in the past.The kitchen. The kitchen has seen some updates, according to the listing. The other side of the kitchen features a washer and dryer in one of the closets. Although the dishwasher might predate the Spice Girls and could probably use an update.The basement. The basement, complete with orange carpeting and an almost comically overs...

Economics

8 d. ago ‘Deeply frustrated’: Danielle Smith warns Mark Carney that the status quo can’t hold

Smith and Carney had a frosty meeting just before the election call and have had harsh words for one another

Transport

8 d. ago Letters April 29, 2025: ‘We need a better way to handle elections.’

A NEW VOTING SYSTEM? Canada seems to be stuck halfway between the status quo and a new reality as to our voting system. What advance polling has shown is that perhaps the time has come for a four-day vote, perhaps starting on a Saturday and ending at a reasonable time on a Tuesday (say 7 […]

Politics

1 week ago Tiny Toronto home with same owner for over 40 years is half the price of neighbours

In a Toronto neighbourhood where the average home sells for $1.5 million, finding any home under that is considered lucky. 140 Floyd Ave. is listed for only $795,000, which is basically like winning the lottery. Not only is this house very reasonably priced, but it is also the first time this house has been on the market in 40 years. The front entrance. And finding a house that hasn't been remodelled through every decade to the point where you have to gut renovate is nothing short of a miracle.The kitchen and mud room. Now, before we get ahead of ourselves, the home does need some work. For example, the kitchen is in need of a major remodel. The primary bedroom. And we're guessing the bathroom does too, since it wasn't even in any of the listing photos. The second bedroom. The windows also appear original to the house, which means they are probably drafty AF. A stained glass window in the kitchen....

Economics

1 week ago Some Canadians exiting U.S. housing market amid sovereignty threats, economy

A weaker Canadian dollar and the changing political climate are among the reasons some are choosing to leave

Other

1 week ago US Tax Rule Offers Template for Canadian Conservatives’ Investment Pitch

Conservative Leader Pierre Poilievre is promising a tax deferral for investors who put money into Canadian assets — a policy similar to a popular US rule that helped grease its housing market.

Economics

1 week ago Russia Set to Hold Rate as Trade Turmoil Clouds Path for Economy

Russia’s central bank is set to hold interest rates at an all-time high as global trade tensions compound risks for the war economy even amid signs that inflation is easing.

Economics

2 w. ago Denley: Politicians' ambitious plans won't fix the shortage of affordable housing

For real change to take place in the housing market, demand, supply and affordability all need to be aligned. They aren't.

Politics

2 w. ago Unpacking the Bank of Canada’s pause: FP Video talks to the economists

Watch analysis on Canada's energy outlook, the housing market and more

Other

2 w. ago More Bank of Canada rate cuts won’t boost ‘muted’ housing market in 2025: Ron Butler

Watch: Mortgage broker talks about what is happening in Canada's housing market

Other

3 w. ago Renewing your mortgage? What Bank of Canada’s rate hold means for you

According to a recent Royal LePage report, 1.2 million mortgages will be up for renewal in Canada this year. Here's what the Bank of Canada's rate hold means for them.

Events

3 w. ago Simpson Oil Responds to CEO “Departure” Amid Staggering Losses and Growing Evidence of Board Failure at Parkland

Calls Out Another Alarming Example of the Breakdown in Oversight, Transparency, and Risk Management Under the Incumbent Board Urges Shareholders to Recognize This Latest Development as Another Last-Ditch Attempt to Preserve the Status Quo Notes That Parkland’s Largest Shareholder Has Still Received No Outreach from the Board Despite Company’s Claim of Being Collaborative Reminds Shareholders […]

Culture

3 w. ago U.S. Fed chief says tariffs, inflation fears mean rate cuts can wait

The sharp volatility in financial markets since President Donald Trump announced sweeping tariffs April 2, only to put most on hold, led to questions on potential rate cuts.

Economics

3 w. ago Rate hold means status quo for Canada’s struggling housing market: Experts

Real estate watchers say the Bank of Canada’s decision to hold its key policy rate steady at 2.75 per cent will likely keep a sluggish housing market at the status quo. Wednesday’s announcement marked the first time the central bank has left the benchmark rate unchanged following seven consecutive cuts since June.  Ratesdotca mortgage and […]

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