CIBC slams Ontario rent controls..

New rent-control rules are “the exact opposite” of what is needed to deal with housing affordability problems in Toronto, Canadian Imperial Bank of Commerce economist Benjamin Tal says. In a new report Tuesday, Mr.Tal urges the Ontario government not to proceed with “alarming” plans to expand rent control protections, saying the Greater Toronto Area needs […]

Toronto prices are in line with the world…

Toronto’s soaring home prices are in line with the reality of other world cities such as New York, Hong Kong and London, says Mark Renzoni, president of global commercial real estate giant CBRE. “The market is fairly balanced. It’s not being driven by foreign capital. It’s being driven by Canadians, moving up, buying for the […]

Pump prices affect inflation

OTTAWA— The collapse in oil prices slowed Canadian inflation in December as falling pump prices helped decelerate the annual rate to 1.5 per cent, a drop from its 2-percent perch the month before. On Friday, Statistics Canada’s latest consumer price index found gasoline prices in December fell 16.6 per cent compared with the year before, […]