BMO Capital Markets

Michael Waters stepping down as CEO of Minto Apartment REIT

Minto has named Jonathan Li, who is currently the REIT’s president and chief operating officer, as Waters’ replacement.

CREA predicts 2023 home sales to edge down 0.5% from 2022 mark

The Canadian Real Estate Association expects home sales to edge down less than one per cent and prices to fall almost six per cent from

CREA reports home sales in typically busy September continued to slow

Residential

Compared with a year ago, home sales in September were down 32.2 per cent and about 12 per cent below the pre-pandemic 10-year average for

CREA lowers expectations for home sales and price growth for 2022

Residential

In its latest housing market outlook released Thursday, the association said it expects 532,545 properties to trade hands via Canadian MLS systems this year.

Canadian home sales fall for fifth month in a row, down 29% from last July: CREA

Residential

On a seasonally adjusted basis, the association says sales in July fell 5.3 per cent compared with June. The actual number of sales last month

Bank of Canada’s rapid rate hikes likely to cause a recession, study finds

Canada & World

The research institute says if the central bank aims to bring inflation down from 7.7 per cent to its two per cent target by quickly

May home sales down 22% since last year, 9% from April: CREA

Residential

Economists attribute much of the cooling to rising interest and mortgage rates.

UPDATED: Canopy shares take a dive as Q4 revenues fall 25%

Eastern Ontario

The Smiths Falls-based cannabis company says it had a net loss of $578.6 million for the quarter ended March 31 compared with a net loss

CREA reports home sales down in April as mortgage rates rise

Residential

The association found the number of homes sold dropped by 25.7 per cent to 54,894 last month from 73,907 in April 2021, when the country

Canadians with mortgages brace for big Bank of Canada rate hike

Canada & World

The Bank of Canada is gearing up to announce its next move on interest rates this Wednesday, with Bay Street forecasters expecting a 50 basis-point increase.