Tech update: Clock ticking for Canada’s EV battery industry

As extreme weather fueled by climate change continues to wreak havoc, experts stress the need to move away from gasoline and diesel-powered vehicles. Electric vehicles (EVs), they say, will contribute significantly to the reduction of global greenhouse gases. A new report of two Canadian research groups say we have a short window to be a … Read more

FOOP is the new FOMO for anyone who wants to buy a home in Toronto

It seems like yesterday that everyone and their mother were (literally) clamoring to enter Toronto’s red-hot real estate market, interested in the kind of capital gains experienced by those who bought properties before 2020 and saw their assets skyrocket during the pandemic. Like a well-intentioned mortgage broker told this reporter in late 2021, “it’s never … Read more

Toronto man quits day job to start up a small business with his mom that’s been selling out

A Toronto man looking to connect with his mother started a small business with her over the summer offering Malaysian food. Now, he leaves her job to pursue a culinary career and help her mother pursue a dream she has had for a long time. Karthy Subramaniam had already launched a food brand a few … Read more

Experts say the Toronto real estate market is facing a major crisis

Real estate in Toronto, and the rest of Canada, could be headed for a crisis point, according to the 2022 Housing Inventory Report released by RE/MAX Canada on Monday. The report underlines what experts have been shouting from the rooftops for years: a critically short supply of housing inventory requires immediate action by politicians. An … Read more

Someone in Toronto is renting out an apartment and saying you can’t work from home

If you’re still in a work-from-home or hybrid work situation at your job, there are some apartments in Toronto that you may find that are (illegally) out of reach during your search for a place to live. a new list in the city, no less than for an excruciatingly cramped basement room, it specifies that … Read more

TD Bank sees up to 25% drop in Canadian home prices by early 2023

Tara Deschamps, The Canadian Press Posted Monday, August 29, 2022 12:10 pm EDT Last updated Monday, August 29, 2022 6:33 pm EDT TORONTO – A new report from TD Bank suggests the average home price in Canada could fall 20 to 25 percent from its peak seen earlier this year through the first quarter of … Read more

Michele Romanow’s Clearco exiting foreign markets, hires advisor to explore strategic options

One of Canada’s high-profile unicorns, Michele Romanow’s fintech startup Clearco, is pulling out of foreign markets and laying off more staff after signaling such a move. when it cut a quarter of its workforce last month. The Toronto company, officially known as CFT Clear Finance Technology Corp., has also retained Financial Technology Partners, a leading … Read more

Bank of Montreal profit falls as volatility hits capital markets

Bank of Montréal BMO-T reported lower profit in the third quarter as capital markets revenues slumped in volatile markets and the bank increased its provisions against bad loans. However, the Toronto-based bank reported strong results from its main retail banking divisions, with strong demand for new loans underpinning revenue increases of 13 percent in Canada … Read more

Here’s how much average rent cost in Toronto in July

Toronto posted the highest average rent applied for in the Greater Toronto Area last month, marking a nearly 25 percent year-over-year increase in rental prices for all property types in the city, according to a new report. The GTA August Rental Report 2022conducted by Bullpen Research & Consulting and TorontoRentals.com, says rents in Toronto reached … Read more

City dwellers traded condos for country life in the pandemic. Now, some are moving back

A cohort of people who left Toronto for the countryside at the start of the pandemic are giving up their brief flirtation with a quieter life and heading back to the city.Distribute On a cold January day last year, Michael Perkins and Christopher Charles ventured from Toronto to Innisfil, Ontario, to view a newly listed … Read more