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May home sales down 4.3 per cent from year ago, but activity up month-over-month

May home sales down 4.3 per cent from year ago, but activity up month-over-month

Home sales in May fell 4.3 per cent compared with a year ago, however the Canadian Real Estate Association said Monday that activity picked up when compared to the previous month.
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Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: G7 G7 leaders will gather in Kananaskis, Alta., for their annual meeting, which starts Sunday.
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CMHC says annual pace of housing starts in May down 0.2 per cent from April

CMHC says annual pace of housing starts in May down 0.2 per cent from April

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in May edged down 0.2 per cent compared with April.
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Carney's task at G7 will be to keep the group alive as experts question the outcome

Carney's task at G7 will be to keep the group alive as experts question the outcome

CALGARY — As Prime Minister Mark Carney gets ready to host U.S.
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Leaders on Canada's expanded G7 guest list to tackle climate, economy and security

Leaders on Canada's expanded G7 guest list to tackle climate, economy and security

OTTAWA — Canada is bringing the world to Alberta for the G7 leaders summit in Kananaskis.
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Manufacturing sales in April see biggest monthly drop since 2023 amid U.S. tariffs

Manufacturing sales in April see biggest monthly drop since 2023 amid U.S. tariffs

OTTAWA — Statistics Canada said Friday that manufacturing sales fell 2.8 per cent in April, the largest monthly drop since October 2023, as the tariff dispute with the United States hit the industry. StatCan said manufacturing sales stood at $69.
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Buyers seek value in farmland as uncertainties persist

Buyers seek value in farmland as uncertainties persist

Strong interest but fewer deals as 2025 begins
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Statistics Canada reports household debt-to-income ratio ticked higher in Q1

Statistics Canada reports household debt-to-income ratio ticked higher in Q1

OTTAWA — Statistics Canada says the amount Canadians owe relative to their income ticked higher in the first quarter as debt grew faster than income. The agency says the ratio of household credit market debt to disposable income rose to 173.
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Ottawa's GST rebate on new homes would save typical first-time buyer $27K: PBO

Ottawa's GST rebate on new homes would save typical first-time buyer $27K: PBO

OTTAWA — An eligible first-time homebuyer could save an average of $26,832 in sales tax on the price of a newly built home under Ottawa's latest housing proposal, the parliamentary budget officer said in a new report on Wednesday.
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Federal government slow to reduce, modernize its office space

Federal government slow to reduce, modernize its office space

OTTAWA — The federal government has moved slowly to reduce its office space, a new report by Canada's auditor general said Tuesday.
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