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 GTA condo downturn not likely to be as severe as early ’90s: CMHC

Canada’s housing agency says the weakening condo market in the Toronto region has some parallels to the crash of the early 1990s, but several factors mean the current downturn will likely be less severe. Canada Mortgage and Housing Corp. says in the new report that a more diverse and stable economy, stricter lending rules, and […]

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1 week ago 1 dead after detached truck wheel flies into traffic on QEW in Niagara

A man is dead after a wheel detached from a pickup truck, crossed into oncoming traffic and struck a vehicle on the QEW in St. Catharines on Tuesday. Ontario Provincial Police said the crash happened in the Toronto-bound lanes of the QEW just east of Niagara St. shortly before noon. OPP Sgt. Kerry Schmidt said […]

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1 week ago CRIME SCENE: Police watchdog probing crash that left boy driver, 14, seriously hurt

Special Investigations Unit says Toronto Police cruiser pursued driver for speeding before crash in Scarborough

Events

2 w. ago Surreal images emerge after plane crashes in Toronto neighbourhood

No injuries have been reported after a small plane crashed outside a Toronto high school on Monday night. According to Toronto Fire Services, the plane crashed just outside of Monarch Park Collegiate Institute, near Hanson Street and Coxwell Avenue, around 8:15 p.m. Upon arrival, firefighters observed a plane that had crashed into a fence in the parking lot beside a grandstand. Three people, who are believed to be in their mid-30s to mid-40s, were on board at the time of the crash and were subsequently assessed on scene by Toronto paramedics. Police confirmed on Tuesday morning that no injuries have been reported as a result of the incident. Just attended the scene of a small plane crash near Monarch Park HS. Thankfully no injuries to pilot, passenger, or civilians. Thank you to @Toronto_Fire responding crews for their quick, coordinated effort. An example of our all-hazards response, far beyond just fire. #Toronto pic.twitter.com/GkWsvieOWT— Jim Jessop (@C...

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2 w. ago No injuries reported after small plane crashes at Monarch Park, police say

Toronto Police are investigating reports of a small plane that crashed Monday night near Monarch Park Collegiate Institute. Police said on social media that they received reports just after 8:15 p.m. saying that a plane had crashed in a field in the Felstead-Greenwood Aves. area with three occupants on board. They said there were no […]

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2 w. ago Memo sets out new rules for parking outside daycares in wake of deadly crash

Ontario’s education minister is telling licensed daycare providers to immediately prevent the use of parking spaces directly adjacent to child-care facilities, after a toddler was killed when an SUV crashed into a daycare north of Toronto. In a memo to daycares obtained by The Canadian Press, Paul Calandra — who first proposed the measures several […]

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3 w. ago United Airlines plane makes emergency landing in Osaka as cargo fire is suspected

NAGASAKI, Japan (AP) — A United Airlines passenger plane carrying 142 people and bound for the Philippine island of Cebu made an emergency landing in Osaka on Friday after an indicator showed a fire in the cargo room, Japanese aviation officials said. Footage on Japan’s NHK television showed passengers sliding down escape shooters from the […]

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3 w. ago SIMMONS: Blue Jays’ Heineman has his Crash Davis moment in 14th pro season

Tyler Heineman has a long list of change of address cards. He’s spent his summers in his share of good hotels and bad motels. He’s lived in a whole bunch of good and bad apartments. He’s moved from Tri-City to Lancaster to Corpus Christi to Lehigh Valley to Fresno to Biloxi. City to city. State […]

Events

3 w. ago SIMMONS: Blue Jays’ Tyler Heineman has his Crash Davis moment in 14th pro season

Tyler Heineman has a long list of change of address cards. He’s spent his summers in his share of good hotels and bad motels. He’s lived in a whole bunch of good and bad apartments. He’s moved from Tri-City to Lancaster to Corpus Christie to Lehigh Valley to Fresno to Biloxi. City to city. State […]

Events

3 w. ago 6 injured after vehicle crashes into child care building near Toronto

York Regional Police said they were called to a building on Yonge Street and Nottingham Drive in Richmond Hill around 3 p.m. for reports of a "vehicle into building."

Transport