Business

J.C. Penney to Close up to 140 Stores

A  J.C. Penny department store in Dallas. (AP Photo/Matt Slocum)
A J.C. Penny department store in Dallas. (AP Photo/Matt Slocum)

NEW YORK—J.C. Penney said Friday that it will be closing anywhere from 130 to 140 stores as well as two distribution centers over the next...


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  • A home sold in Vancouver. The city’s skyrocketing housing market is another good reason for the federal government to reduce its appetite for mortgage insurance. (The Canadian Press/Jonathan Hayward)

    Canadian Government Targets More Reductions to Housing Market Exposure

    Along with recent measures aimed at stabilizing Canada’s red-hot housing market, the federal government aims to take more steps to reduce its exposure to a... Read more

  • Rendering of a home built by SkyHomes. (Courtesy of SkyHomes)

    Kleinburg Crown Estates Offers Luxury Living, Large Lots in Charming Village

    The village of Kleinburg is a rare gem in Greater Toronto. It’s a place steeped in culture, history, and small-town charm, yet easily accessible to... Read more

  • Baker Real Estate president and CEO Barbara Lawlor and vice-president Harley Nakelsky. (Courtesy Baker Real Estate Incorporated)

    Why The GTA Remains a Real Estate Investment Hotspot

    Sorry doomsayers, but the GTA real estate market refuses to cool down. With detached-home prices soaring amid a scarcity of product, comparatively more affordable condos... Read more

  • Royal Bank of Canada earned $2.895 billion of net income in its third quarter, up 17 percent from a year ago. (The Canadian Press/Eduardo Lima)

    RBC ‘Closely Monitoring’ Vancouver, Toronto Housing Markets

    TORONTO—Royal Bank CEO David McKay says the lender is “closely monitoring” the real estate markets in Vancouver and Toronto, where home prices have been climbing... Read more

  • A sold sign outside a home in Vancouver on June 28, 2016. After the introduction of a tax on foreign buyers, the next issue to resolve is the lack of housing supply. (The Canadian Press/Jonathan Hayward)

    Fixing Vancouver’s Housing Supply Problem

    Vancouver’s scorching housing market badly needs more supply. Analysts say excessive red tape and wasteful zoning are preventing supply from meeting ferocious demand. It’s another... Read more

  • Aerial view of Rodeo Drive Condos by Lanterra Developments in Toronto. (Lanterra Developments)

    Lanterra Launches Next Condo for Shops at Don Mills

    Lanterra Developments and Cadillac Fairview go way back when it comes to transforming Toronto. More than a decade ago, the companies partnered on the development... Read more

  • Many people are now purpose-buying second homes to use exclusively for short-term lets on Airbnb. (unsplash.com)

    Why Airbnb Opportunities Make a Second Home in London a Smart Choice

    Since being founded in 2008, Airbnb has risen to become a leading global property platform for short-term lets – and a company currently valued at... Read more

  • How to New York and London compare? (unsplash.com)

    The Classic Battle: London Versus New York

    It’s a battle that’s raged for years – which city reigns supreme? London and New York seemingly have it all … and in good measure... Read more

  • LONDON, ENGLAND - AUGUST 08:  A Gold Ferrari Drives through Knightsbridge on August 8, 2014 in London, England. Tourists and car enthusiasts have been flocking to the wealthy London district to see some of the world's most expensive and extravagant super cars. Many of the rich owners from Saudi Arabia and Kuwait come to London to escape the summer heat at home and to show off their cars before moving on to other European cities such as Paris and Cannes.  (Photo by Dan Kitwood/Getty Images)

    Excesses of Global Super-Rich Elbowing Out London’s Aristocracy

    LONDON—Where rattling horse-drawn carriages once ferried dukes and earls home on summer nights, now squealing golden Ferraris catapult their flashy owners past crowds of tourists wielding... Read more

  • Screen Shot 2016-07-25 at 9.19.47 AM

    Australian Couple Raffling Tropical Island Resort for $36 a Ticket

    An Australian couple is raffling their tropical island resort and scuba diving business, after living there for more than two decades. One lucky winner will... Read more

  • The 23-storey Imperial Plaza built by Camrost-Felcorp. (Courtesy Camrost-Felcorp)

    Imperial Village Community: Creating a Vibrant and Quality Lifestyle

    It’s easy to see that the master-planned Imperial Village community will indeed be fit for royalty—or anybody else wishing to embrace a vibrant and enriching... Read more

  • The Pride of Canada Carousel that's destined to become the focal point and jewel of Downtown Markham, Ontario. (Courtesy Remington Group)

    Life Is a Carnival

    Just ask the scores of smiling people who’ve already taken a spin on the new Pride of Canada Carousel that’s destined to become the focal... Read more

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