3 d. ago The Quebec Resale Market Remains Robust in the First Quarter Despite Unprecedented Uncertainty

L’ÎLE-DES-SŒURS, Quebec, April 11, 2025 (GLOBE NEWSWIRE) — The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the province of Quebec, based on the real estate brokers’ Centris provincial database. Province-wide residential sales totalled 24,070 in the first quarter of 2025, a relatively strong increase […]

Culture

3 d. ago Price tag of Toronto's futuristic new market building soars to over $200 million

While the long-awaited redevelopment of Toronto's St. Lawrence Market North building has officially opened up for its Saturday farmers' markets, despite years of delays and technical issues, the multi-million dollar project is now at the centre of a legal dispute, which could balloon its price tag to $203 million.The contractors behind the building's construction are suing the City of Toronto for $83 million, alleging that they have not been fully paid for the work.The claim was filed on March 12 in the Ontario Superior Court of Justice by a joint venture of Buttcon Ltd. and Atlas Corporation. The companies claim they are owed for labour, materials, supervision, and services delivered throughout the project, and also allege that the City is in breach of contract.None of these claims have been proven in court, and the City of Toronto has yet to file a statement of defence.The contractors are seeking a lien on the St. Lawrence Market for the $83 million they allege remains unpaid...

Economics

4 d. ago Calgary's resale homes market remains affordable despite rising prices

What makes Calgary's homes more affordable than other parts of the country is residents' relatively higher median income.

Economics

6 d. ago These are the Toronto neighbourhoods where homes are selling the fastest right now

Even in the currently sluggish housing market, home buyers in certain GTA neighbourhoods are wasting no time when it comes to snapping up family-sized houses. According to a recent analysis by digital real estate platform Wahi, single-family homes continue to sell in two weeks or less in specific Toronto-area communities. The platform analyzed home sales data for the first quarter of 2025 and looked at the average number of days that listings remained on the market before selling. Findings show that three-bedroom single-family homes are the fastest-selling type of property in the GTA. To be considered in the analysis, neighbourhoods had to meet a threshold of at least five sales of a given housing type. Source: Wahi.Single-family homes with three bedrooms, which for the purposes of the study, included detached and semi-detached houses as well as townhouses, took an average of 23 days to sell. In 48 specific neighbourhoods, three-bedroom single-family homes took o...

Economics

2 w. ago Varcoe: Threat of system shock remains for Alberta electricity market, with 'hurricane brewing' amid current calm

Major challenges for Alberta's electrical grid include the rise of data centres and the electricity required to power them

Sport

2 w. ago US Economy Grew 2.4% Last Quarter as Corporate Profits Jumped

The US economy expanded at a faster pace in the fourth quarter than previously estimated amid a robust increase in corporate profits.

Culture

3 w. ago Ontario residents say they'd need to save staggering amounts to be independent

Ontario's high cost of living means that many residents in the province will need to dig deep to achieve financial independence in the years to come.Economic uncertainty in unprecedented times has Canadians worried about their savings, and many across the country feel they will need to save up sums to the tune of $1 million to feel secure.Findings from the latest RBC Financial Independence Poll were shared on Wednesday, revealing how the current economic climate is affecting Canadians' savings goals.The report found that Canadians estimate they will need approximately $846,437 to ensure their future financial independence, a number that soars much higher among Ontario residents.People residing in Canada's most populous province estimate they will need to save up an average of $916,714 to guarantee their financial independence.It's a sizeable sum, though not entirely surprising when considering the average home price in Ontario is around $834,000 as of February 2025.Despite Onta...

Other

3 w. ago Hardly any developers are building homes in Toronto as market continues to plunge

Despite Toronto's impractical cost of living, the stress of the trade war and the nation's casual economic recession and all, it's a pretty great time to get into GTA real estate if that's always been a dream of yours.Sellers are getting desperate as new listings continue to indundate the market while sales numbers remain a shadow of what they once were.The downward spiral has been been especially bad for condos, and worse, still, for new condos — so bad that a growing number of complexes have been stalled in various stages of progress, with not enough units sold to continue.Naturally, this has been cause for alarm among stakeholders on the building side of things, who continue to plead for the government to intervene in the form of lowering certain taxes, development charges and other fees that hamper new construction.The Building Industry and Land Development Association (BILD) and Canada Mortgage and Housing C...

Sport