Can Jeff and Vera afford to retire, travel and still help their children financially?

Can Jeff and Vera afford to retire, travel and still help their children financially?

Alex Filipe/The Globe and Mail Jeff is retiring from his $145,000-a-year executive job soon and his wife, Vera, who earns $93,000 a year in health care, plans to follow in December. They have defined benefit pension plans, indexed to inflation, that will pay them more than $100,000 a year combined. Jeff is 64, Vera 63. … Read more

Canada needs 5.8 million new homes by 2030 to bring prices down to affordable levels, CMHC says

Canada needs 5.8 million new homes by 2030 to bring prices down to affordable levels, CMHC says

New homes are built in a housing construction development in the west-end of Ottawa on May 6, 2021.Sean Kilpatrick/The Canadian Press Canada needs an additional 5.8 million homes by the end of the decade to help lower average home costs and ensure households are not spending more than 40 per cent of their disposable income … Read more

Founders of mortgage investment firm Fortress Real Developments Inc. charged with fraud

Founders of mortgage investment firm Fortress Real Developments Inc. charged with fraud

Vince Petrozza, chief operating officer of Fortress Real Developments, leaves the company offices in Richmond Hill, Ont., in 2017.CHRIS HELGREN/Reuters The co-founders of the failed Fortress Real Developments Inc., one of the first Canadian companies to offer higher risk, syndicated mortgage products to retail investors, have been charged with fraud. Jawad Rathore, Fortress’s former chief … Read more

Edward Lake, father of 3 children killed in crash by impaired driver Marco Muzzo, dies by suicide

Edward Lake, father of 3 children killed in crash by impaired driver Marco Muzzo, dies by suicide

It doesn’t get much worse than this. Edward Lake, the husband of Jennifer Neville-Lake and father-of-three children who were killed by drunk driver Marco Muzzo in Vaughan in 2015, was found dead June 20. He died by suicide, yorkregion.com has learned. One day before, Father’s Day, Neville-Lake shared a post on Twitter with a picture … Read more

Tornado watch issued for Ottawa, parts of eastern Ontario

Tornado watch issued for Ottawa, parts of eastern Ontario

A tornado watch has been issued for parts of eastern Ontario with severe storms possible Thursday afternoon and early evening. Environment Canada issued the watch around 11:30 am Thursday. “Conditions are favorable for the development of severe thunderstorms which may produce tornadoes,” the weather agency said. “Strong winds, large hail and heavy rain are also … Read more

‘Everyone involved has a heavy heart’: Body of missing Lindsay boy Draven Graham, 11, found in Scugog River

‘Everyone involved has a heavy heart’: Body of missing Lindsay boy Draven Graham, 11, found in Scugog River

OPP divers have recovered the body of missing Lindsay boy Draven Graham, 11, from the Scugog River. On Monday afternoon, Kawartha Lakes police Sergeant Deb Hagarty delivered the sad news via a social media video. She said members of the OPP’s Underwater Search and Recovery Unit found Draven deceased in the Scugog River around 3:30 … Read more

Quebec companies plead for workers as province focuses on French-speaking immigrants

Quebec companies plead for workers as province focuses on French-speaking immigrants

Quebec Premier Francois Legault speaks at a news conference at the legislature in Quebec City on June 10.Jacques Boissinot/The Canadian Press Quebec’s plans to attract more French-speaking newcomers are unnerving some business owners who say they need immigrants from varied backgrounds to address a tight labor market in the province. Unlike other provinces, Quebec gets … Read more

Is it legal to text and drive if I’m in a Tim Hortons drive-through?

Is it legal to text and drive if I’m in a Tim Hortons drive-through?

I’m new to Ontario and I’m wondering: can I text on a phone while driving on private property – for example, in a Tim Hortons drive-through? –Sulabh Ontario’s the only place in Canada where you can legally text in a drive-through – but you probably shouldn’t. “It would definitely be recommended that people stay off … Read more

Most Ontario mask mandates expire Saturday. Here’s what you need to know

Most Ontario mask mandates expire Saturday.  Here’s what you need to know

Most COVID-19 mask mandates in Ontario expired Saturday, including the province’s remaining mask requirements on public transit and in health-care settings. Dr. Kieran Moore, Ontario’s chief medical officer of health, made the announcement Thursday, lauding the province’s high vaccination rates and “Ontario’s COVID-19 situation continuing to improve.” However, the science director of Ontario’s COVID-19 advisory … Read more

Russia raiding Ukraine wheat stores, exporting it with false papers: Ukraine minister

Russia raiding Ukraine wheat stores, exporting it with false papers: Ukraine minister

OTTAWA – Ukraine’s agriculture minister has told Ottawa that Russia is raiding its grain stores and selling Ukrainian wheat covertly on the international market. Mykola Solskyi told the House of Commons agriculture committee that 500,000 to 600,000 tons of Ukrainian wheat have been stolen by the Russians. Speaking via videolink to MPs, he said Russia … Read more