Toronto and Vancouver home sales tumbled further in July as interest rates rose

Toronto and Vancouver home sales tumbled further in July as interest rates rose

In the Vancouver area, the typical price of a home was down 2.3 per cent from June to July.JENNIFER GAUTHIER/The Globe and Mail Real estate markets in Toronto and Vancouver tumbled further in July, with sales and home prices declining for another month as getting mortgages becomes more difficult and buyers wait to see how … Read more

Hershey warns of Halloween candy shortage

Hershey warns of Halloween candy shortage

Hershey Co. said on Thursday it would fall short of meeting demand for the all-important Halloween and Christmas holiday seasons this year, blaming a scarcity of raw ingredients and difficulties in securing suppliers. Pandemic-induced global supply chain disruptions and the Russia-Ukraine war have crunched supplies of cocoa, edible oil and other food ingredients, pinching production … 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

Gordon Pape: Pipelines have performed better than most during the market pull-back. Here are three to consider

Gordon Pape: Pipelines have performed better than most during the market pull-back.  Here are three to consider

Almost all stocks decline in a bear market, but pipeline companies are doing better than most. The reason is twofold. For starters, global demand for oil and natural gas is keeping their lines full and their pumps working at maximum capacity. There’s no indication this will end soon, even with growing talk of a recession. … Read more

BC to impose ‘cooling-off’ period for home buyers, the first of its kind in Canada

BC to impose ‘cooling-off’ period for home buyers, the first of its kind in Canada

A proposed cooling-off period for homebuyers in BC was designed to respond to concerns that the intensely competitive market in some parts of the province is forcing buyers to submit offers on a home without basic conditions intended to protect their interests.DARRYL DYCK/The Globe and Mail British Columbian home buyers will be allowed some time … Read more