Business

Liberals Launch Contest for $950M ‘Supercluster’ Plan to Boost Innovation

Innovation, science and economic development minister Navdeep Bains during Question Period in the House of Commons in Ottawa on Feb. 23, 2017. (The Canadian Press/Adrian Wyld)
Innovation, science and economic development minister Navdeep Bains during Question Period in the House of Commons in Ottawa on Feb. 23, 2017. (The Canadian Press/Adrian Wyld)

OTTAWA—The Trudeau government is opening the competition for its $950-million “supercluster” program that aims to bring together industry and academia as a way to lift...


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  • Stephen Poloz, Governor of the Bank of Canada, arrives for a news conference after the release of the Monetary Policy Report in Ottawa on April 12, 2017. (The Canadian Press/Fred Chartrand)

    Bank of Canada Cautious as Strong Economic Growth Expected to Moderate

    OTTAWA—The Bank of Canada remained cautious on the recent strong performance in the Canadian economy and held its target for the overnight rate at 0.5... Read more

  • A Stafford Home living room. (Courtesy of Stafford Homes)

    Luxury and Location set Stafford Homes Apart

    Stafford Homes in association with The Goldman Group take pride in raising the bar for residential development in any neighbourhood they build in. Their current... Read more

  • Westwood Gardens condominium towers. (Courtesy of Collecdev)

    Fresh Take on the Modern Condo Lifestyle Comes to Vibrant Richmond Hill

    Westwood Gardens will bring a fresh, modern perspective to condominium living in Richmond Hill, offering a rich quality of life within this vibrant suburban community... Read more

  • Genesis, a palatial residence and once one of the world's priciest properties, on Hong Kong's prestigious Victoria Peak. (AP Photo/Anat Givon)

    Christie’s: Global Sales of Luxury Homes Cooled in 2016

    LOS ANGELES—Global luxury home sales cooled off in 2016 for the second consecutive year, even with a record number of homes selling for more than... Read more

  • A single-family home in Toronto. (Epoch Times)

    TREB’s Foreign Buyer, Speculation Figures Questioned

    The Toronto Real Estate Board (TREB) reported on May 3 that the total number of transactions in April slipped 3.2 percent from a year ago... Read more

  • Kleinburg Crown Estates (Courtesy of Caliber Homes)

    Chinese Homebuyers Continue Flocking to Kleinburg Crown Estates

    Kleinburg is presently one of the GTA’s best-kept secrets, rivalling areas like Yorkville and Forest Hill, but with the arrival of Kleinburg Crown Estates, it... Read more

  • A sold sign is seen in front of a west-end Toronto home on April 9, 2017. Toronto’s overheating housing market should not be an impediment to kick-starting a private-label mortgage-backed securities market, according to two mortgage industry experts. (The Canadian Press/Graeme Roy)

    Stage Set for Private Mortgage-Backed Deals in Canada

    The time is ripe for the emergence of a residential mortgage-backed securities (RMBS) market in Canada. For some, RMBS bring back nightmares of the subprime... Read more

  • Stephen Poloz, Governor of the Bank of Canada, arrives for a news conference after the release of the Bank's Monetary Policy Report, in Ottawa on April 12, 2017. (The Canadian Press/Fred Chartrand)

    Bank of Canada Anticipates Toronto Housing Market Cooling

    OTTAWA—The Bank of Canada reiterated its expectation for Toronto’s raging housing market to cool due to the effects of stricter mortgage insurance eligibility, high levels... Read more

  • A single family home in Toronto. (Epoch TImes)

    Experts Weigh in on Toronto’s Scorching Housing Market

    TORONTO—The average selling price of all homes in the Greater Toronto Area skyrocketed last month, climbing 33.2 percent from a year ago to $916,567. The... Read more

  • (Courtesy of Centra Developments)

    Vaughan Boutique Townhouse Development Promises Spaciousness and Style

    The Greater Toronto Area’s housing crunch hasn’t just resulted in a diminution of affordable houses for sale; it’s also making newer ones narrower. But a... Read more

  • Rendering of the Teahouse Condos pool. (Courtesy of Lanterra Developments)

    From Architecture to Amenities, Lanterra has Redefined Urban Living

    When Mark Mandelbaum and Barry Fenton formed Lanterra Developments in 1999, they had a vision to create condominium buildings that would raise the bar for... Read more

  • A real estate sold sign hangs in front of a west-end Toronto property on Nov. 4, 2016. Prices in Ontario’s capital city continue to surge higher as the housing inventory dwindles. (The Canadian Press/Graeme Roy)

    Toronto’s Housing Market Can Learn From Vancouver’s Experience

    Recent data show Toronto’s housing market is heading down the same dangerous road Vancouver’s was on. While analysts agree the situation is improving in Vancouver,... Read more

  • Celebrating the strategic partnership of Toronto’s recently-rebranded Milborne Group and Miami-based Pordes Residential are (l-r) South Florida developers Manuel Grosskopf, President, Château Group; Edgardo Defortuna, President, Fortune International Group; Hunter Milborne, CEO, Milborne Group and Mark Pordes, President Pordes Residential. The brokerage firms are representing two luxury Greater Miami area properties, FENDI CHÂTEAU Residences and The Ritz-Carlton Residences, Sunny Isles Beach, Miami. 
(Arthur Mola)

    Miami Brokerage Woos Wealthy Canadian Buyers

    Top Toronto brokerage Milborne Group and Miami’s Pordes Residential have formed a strategic partnership to sell South Florida luxury real estate to wealthy Canadians. Their... Read more

  • Rendering of  The Peak Condos at Emerald City. (Courtesy Elad Canada, Inc.)

    The Peak Takes Emerald City to New Heights

    The name of the latest condo building at Emerald City, Elad Canada’s master-planned community at Sheppard Ave E. and Don Mills Rd., carries a double... Read more

  • Steve Gupta, president and CEO of The Gupta Group. (Courtesy The Gupta Group)

    Steve Gupta is a Vaughan Visionary

    Steve Gupta recognized the potential of Vaughan early on. More than a decade ago, the president and CEO of The Gupta Group and Easton’s Group... Read more

  • Penn Station, New York, circa 1911. (Public domain)

    The Grand Gateway in Waiting: Envisioning the New-Old Penn Station

    NEW YORK—Nostalgia and heartbreak for the original Pennsylvania Station has persisted since it was destroyed over half a century ago. The beauty of that beaux-arts... Read more

  • Rendering of Valleymede Towers (Courtesy Times Group)

    Times Group: Committed to Environmentally Sustainable Building in the GTA

    Times Group isn’t like most companies in the crowded Toronto building community: It has substantial international know-how. Saeid Aghaei, Times Group’s Principal, is a civil... Read more

  • Rendering Harbour Plaza Residences. (Courtesy Cornerstone Marketing Realty)

    The GTA Condo Market Stable for the Foreseeable Future

    In only three years of operation, Cornerstone Marketing Realty has ascended to the acme of Toronto’s vigorous real estate market, establishing itself as one of... Read more

  • View of Toronto (Courtesy Scott Davie)

    Immigration, Land Supply and Taxes Driving Toronto Prices Upward

    Prices for residential real estate soared in the Greater Toronto Area in 2016 and the trend is expected to continue in 2017. “The high cost... Read more

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