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Update on the Deflating Housing Bubble in Toronto
Update on the Deflating Housing Bubble in Toronto Missing Chinese money? Hardest hit is the priciest segment: detached houses. Home sales in the Greater Toronto Area plunged 35% in September compared to a year ago, to 6,379 homes. The plunge in volume was spread across all types of homes. Even condos got hit: Detached houses […]
Canadians fight floods across the country
Canadians fight floods across the country Thousands in Central Canada, the Atlantic and B.C. spend the weekend struggling with rising water levels Erick Miner comforts a cat rescued by boat from a home Saturday on Rue Saint-Louis in Gatineau, Que., as rising river levels and heavy rains continue to cause flooding. (Justin Tang/Canadian Press) Across […]
Wet weather walloping much of Ontario, Quebec and heading east
Wet weather walloping much of Ontario, Quebec and heading east Ottawa River, Laurentian communities hit hard; New Brunswick expected to be next Some Pointe-Gatineau, Que., residents have had to abandon their cars trapped by flooding. Firefighters have gone door-to-door in parts of Gatineau to warn residents of the dangers of staying put as forecasts call […]
Panic Bank Run Leaves Canada’s Largest Alternative Mortgage Lender On Edge Of Collapse
Panic Bank Run Leaves Canada’s Largest Alternative Mortgage Lender On Edge Of Collapse After two years of recurring warnings (both on this website and elsewhere) that Canada’s largest alternative (i.e., non-bank) mortgage lender is fundamentally insolvent, kept alive only courtesy of the Canadian housing bubble which until last week had managed to lift all boats, […]
Toronto homeowners cash out of hot real estate market amid uncertainty
Toronto homeowners cash out of hot real estate market amid uncertainty Agent says some buyers are delaying purchases in anticipation of possible fixes Many buyers and sellers are waiting to see what will come of Tuesday’s scheduled meeting between Finance Minister Bill Morneau, Ontario Finance Minister Charles Sousa and Toronto Mayor John Tory, who are […]
Trudeau challenged over carbon pricing on 2nd day of town hall tour
Trudeau challenged over carbon pricing on 2nd day of town hall tour Prime minister hears frustration from rural resident over high hydro costs in Ontario Prime Minister Justin Trudeau gestures during a town hall meeting in Peterborough, Ont. Friday. Trudeau faced an emotional question about carbon pricing – and sparked some controversy with a comment […]
Ottawa sets up working group to monitor housing market
Ottawa sets up working group to monitor housing market Finance Minister Bill Morneau says he will work with cities and provinces to get more and better data Policymakers are looking at all the tools at their disposal to take care of the housing market. (David Donnelly/CBC) The federal government plans to work with British Columbia […]
Solar on the roof taxed as income
Solar on the roof taxed as income But the cost of a solar system can be written off over a period of years The solar panels on Mike Brigham’s roof in Toronto allow him to sell power back to the grid. He says solar provides power when Ontario most needs it — when the sun […]
It’s the Food Economy, Stupid!
It’s the Food Economy, Stupid! I believe Rod MacRae (shown here) is one of a handful of experts to develop a critique of today’s food system based on its bad business case and its failure to do proper scenario planning. If you don’t like reading arithmetic, you will find his writings tough going, but as soon […]
Will Cap-And-Trade Slow Climate Change?
Will Cap-And-Trade Slow Climate Change? The principle that polluters should pay for the waste they create has led many experts to urge governments to put a price on carbon emissions. One method is the sometimes controversial cap-and-trade. Quebec, California and the European Union have already adopted cap-and-trade, and Ontario will join Quebec and California’s system in January […]
On Nature’s Death Row: Ontario’s Vanished ‘Carolinian’ Forest
On Nature’s Death Row: Ontario’s Vanished ‘Carolinian’ Forest It used to stretch from Oshawa to Windsor. Now, development encroaches on the last scraps of a once-great woods. Part of a series. The tranquil Blanding’s Turtle faces a vanished ecosystem in Southern Ontario. Turtle photo via Shutterstock. [Editor’s note: In this Tyee Solutions Society series, reporter Chris Wood profiles […]
Telecoms Must Defend Our Privacy, Court Confirms
Telecoms Must Defend Our Privacy, Court Confirms Ontario decision orders companies to represent subscribers’ interests. Court ruled law enforcement’s request for thousands of subscribers’ cell phone records breached Canadian Charter rights. Anonymous photo via Shutterstock. In today’s communications driven world, no one collects as much information about its customers as telecom companies. As subscribers increasingly rely on […]
Average Canadian house price up another 12% to $454,342
Average Canadian house price up another 12% to $454,342 But if B.C. and Ontario are stripped out, average house price declined by 2.2% last year Hot markets in Toronto and Vancouver are skewing the national average price of a Canadian home higher, CREA says. (Daniel Acker/Bloomberg) The average price of a Canadian home increased by […]
Ontarians Urged To “Voluntarily” Pay More Taxes To Cut Province’s Debt
Ontarians Urged To “Voluntarily” Pay More Taxes To Cut Province’s Debt Christmas is a time for giving and that is what Ontario Premier Kathleen Wynne is asking of her citizenry. With almost $300 billion in debt, and almost 1 in 10 dollars of revenue going to pay interest, and already facing the highest tax rates […]
Seven Ways Climate Change Is Getting Personal in Ontario
Seven Ways Climate Change Is Getting Personal in Ontario From hiking to swimming, sipping to shipping, how shifting weather patterns are changing lives in the province. Ontario storm chaser Mark Robinson says swings in weather have become wilder in recent years. Photo by Mark Robinson. Climate change is hitting home across Ontario, whether you love […]
