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Canadian home sales rebound from 7-year low, but prices still flat

Published on Tue, 21 May 2019 14:29:42 +0000

CBC News After plunging to their lowest level since 2012, sales of Canadian homes have inched higher for the past two months and are now about four per cent higher than they were a year ago. The Canadian Real Estate Association said Wednesday that that home sales last month rose on an annual basis for the first time since December ... Read More

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First Ever online 50/50 Draw in Ontario Set to Benefit the Urology Program at Chatham-Kent Health Alliance!

Published on Tue, 14 May 2019 20:08:00 +0000

Link here! Proceeds from the “Igniting Healthcare 50/50 FUNdraiser” will support the purchase of a new holmium laser, a key piece of equipment for the planned Urology Program at Chatham-Kent Health Alliance. In addition to being essential in urology for the treatment of such ailments as tumors, BPH (a benign, non-cancerous enlargement of the prostate) and for breaking down kidney ... Read More

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BoC announces initiative to take a closer look at HELOCs

Published on Mon, 13 May 2019 15:19:14 +0000

by Ephraim Vecina As part of its drive to closely scrutinize threats to the national financial system, the Bank of Canada has announced that it will begin collecting more detailed data on HELOCs this month. This is especially important as HELOCs have emerged as a powerful and versatile solution amid a regulatory regime governed by the considerably rigid strictures of B-20. ... Read More

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National housing market’s vulnerabilities ease – CMHC

Published on Tue, 07 May 2019 13:14:56 +0000

by Ephraim Vecina After 10 straight quarters of relative high vulnerability, the Canadian residential real estate segment has moved to more robust conditions amid slower price growth, according to the latest Housing Market Assessment by the Canada Mortgage and Housing Corporation. Covering 15 major census metropolitan areas (CMAs) nationwide, the report found that compared to the end of February, “the state ... Read More

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Many Canadians are still coming to grips with B-20

Published on Thu, 02 May 2019 13:30:06 +0000

by Ephraim Vecina A significant proportion of Canadian consumers is still unable to grasp the full implications of B-20 despite the rules having been in effect for more than a year now, according to a new TD survey. The poll, which interviewed 1,901 owners and would-be buyers nationwide, found that more than two out of five (43%) of Canadians are not ... Read More

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Regulatory roadblocks hampering Ontario housing supply – OBOA

Published on Mon, 29 Apr 2019 14:34:58 +0000

by Ephraim Vecina Despite robust funding and development activity, Ontario’s housing supply is hamstrung by the current regulatory regime governing the approval of new construction projects, according to the Ontario Building Officials Association. In its recent study, the OBOA argued that streamlining development approval timelines would be crucial in ensuring the sustained supply of affordable housing across Ontario. For perspective, the ... Read More

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Canada still needs low borrowing costs – BoC’s Poloz

Published on Tue, 23 Apr 2019 14:33:00 +0000

by Ephraim Vecina Global economic uncertainty means that the Canadian economy will still benefit from the boost that low borrowing costs can provide, according to the Bank of Canada’s Governor. In a recent speech in Nunavut’s capital Iqaluit, Stephen Poloz argued that the global slowdown is adding to the burden imposed by a national housing market constrained by stricter mortgage underwriting ... Read More

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Millennials forced to move to the suburbs for their dream home

Published on Thu, 18 Apr 2019 13:34:00 +0000

by Steve Randall A third of Canadian Millennials would rather live in the city than the ‘burbs but for two thirds of those, they are willing to sacrifice that wish to buy the home they want. A new TD survey finds that 81% of Millennials say they want to own their own home but with affordability (78%) and home size ... Read More

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Cannabis Revives Struggling Markets

Published on Mon, 15 Apr 2019 13:35:57 +0000

by Neil Sharma Six months into legalization, cannabis is breathing new life into small, struggling markets. According to Altus Group, once-depressed tertiary markets are enjoying resurgence, thanks to the arrival of marijuana production facilities that are priced out of urban markets. One such example is Leamington, Ontario, where Aphria Inc. set up shop in an erstwhile Heinz Ketchup processing plant. Elsewhere ... Read More

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Ottawa to strengthen National Housing Strategy

Published on Fri, 12 Apr 2019 13:28:12 +0000

by Steve Randall The federal government announced Thursday that it is adding more strength to the National Housing Strategy. The right to adequate housing for all Canadians will be supported by several key initiatives: Requiring the adoption and maintenance of a National Housing Strategy (NHS), that prioritizes the housing needs of the most vulnerable and requires regular reporting to Parliament ... Read More

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Canadian Farm News
Ont. growers support local schools

By Jonathan Martin Ontario’s Fresh from the Farm school fundraiser is accepting submissions for 2019’s programming. Through this program, farmers s