A new 80-storey development in Toronto will become Canada’s tallest building with the owner promising it will put the junction of Yonge and Bloor Streets “on the international map.”
Sam Mizrahi, the Toronto businessman who purchased the iconic corner, unveiled his vision of "The One" to local residents on Wednesday. In addition to retail and residential units, the tower will also include a Hyatt hotel.
Mar 25 2015
Housing starts in Canada were down for the fifth consecutive month in February, according to the latest figures by the Canadian Mortgage and Housing Corporation (CMHC). Plunging to their weakest level since 2009, the drop has been partly blamed on severe winter weather conditions that nonetheless have added to fears that Canada’s post-recession housing boom will stall this year.
Mar 10 2015
While Canadians may be wary of the outlook for the economy, it’s done little to dampen their debt.
Feb 24 2015
British Columbia is set to shine this year with economic growth higher than previously forecasted. The Conference Board of Canada has upgraded its prediction for provincial growth to 3 percent from the 2.6 percent it had suggested for BC last fall.
Feb 10 2015
Set to hit the country's largest real estate market, this year could see the micro condo taking off.
With more single people wanting homes and higher prices making some Canadian cities unaffordable for single and low income households, smaller homes may prove to be the solution.
Homeowners in British Columbia and Alberta have the highest average mortgage debt according to StatsCan data.
Jan 27 2015
While the big lenders were hesitant to pass on the Bank of Canada’s interest rate cut last week, this week there’s talk of a price war, with Royal Bank of Canada being the first to take the plunge.
