Personal bankruptcies are on the rise

Personal bankruptcies are on the rise

At the same time the cost of living is creeping ever higher, so too are the number of insolvency filings from Canadian consumers. Data released by the Office of the Superintendent of Bankruptcy Canada shows that the number of Canadians filing for personal bankruptcy may be returning to pre-pandemic levels. During the height of the … Read more

GTA hospital closes ICU, as staffing shortages strain Ontario’s system

GTA hospital closes ICU, as staffing shortages strain Ontario’s system

A GTA intensive-care unit has been forced to temporarily close and relocate patients, as the Ontario health-care system struggles with staff shortages and fallout from the pandemic. Lakeridge Health, which has multiple hospital locations east of Toronto, said in a statement Thursday that the ICU at Bowmanville Hospital is closing and is relocating critical-care services … Read more

Terminated property listings skyrocket as Hamilton housing market takes ‘sharp turn’

Terminated property listings skyrocket as Hamilton housing market takes ‘sharp turn’

A century home in Durand was listed for $1,999,000 in late May. Two weeks later, it was delisted — only to appear weeks later for the price of $1,894,999. A painted brick home in St. Clair was listed for $719,900 in early June. Three weeks later, it was delisted — and later re-listed for $674,900. … Read more

Hamilton man with $185,000 mortgage is looking ahead to a house that requires less work

Hamilton man with 5,000 mortgage is looking ahead to a house that requires less work

Photo illustration/SOURCE: iStock Paycheque Project is a non-judgmental look at how young adults in Canada are spending their money. If you would like to participate, send us an e-mail. Name, age: William, 32 Annual income: $81,000 Debt: $185,000 mortgage Savings: $12,000 in savings account; $7,000 in tax-free savings account; $6,000 in investments What he does: … Read more

Canadian home prices spiral down in June

Canadian home prices spiral down in June

A single family home for sale in Vancouver on July 6.JENNIFER GAUTHIER/The Globe and Mail Canada’s housing market slowed for the third straight month in June, with home prices cratering – the largest monthly decline on record – as borrowing costs soar and buyers struggle to qualify for a mortgage. The national home price index, … Read more

Ontario election results: NDP remains Official Opposition, but Andrea Horwath will step down as leader

Ontario election results: NDP remains Official Opposition, but Andrea Horwath will step down as leader

Ontario NDP Leader Andrea Horwath arrives at her local polling station in Hamilton, Ont., on June 2.Eduardo Lima/The Canadian Press Andrea Horwath stepped down as head of the Ontario NDP, with the party set to lose a number of seats in the provincial election Thursday. The left-leaning party retained its Official Opposition status in the … Read more

Amid shortages of family doctors across Canada, med school grads increasingly don’t want the jobs

Amid shortages of family doctors across Canada, med school grads increasingly don’t want the jobs

More family-doctor jobs for new medical school grads have gone unfilled than ever before in this year’s initial round of hiring, new data shows. The numbers indicate that fewer graduates are choosing family medicine as a discipline, despite family-doctor shortages across the country. It’s a situation that’s causing the College of Family Physicians Canada to … Read more