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Toronto condo buyers could face big bill at move in Thousands of people who`ve bought preconstruction condos in the City of Toronto over the last two years or so could find themselves faced with an unexpected extra bill when it eventually comes time to move in. If city council goes...

Calgary floods will have ripple effect on housing market EDMONTON - Calgary`s disastrous flood is expected to skew the provincial and even national housing sales numbers for months to come. So says real-estate investment guru Don Campbell, who worries that a stream of wonky data could...

Alberta has highest average weekly earning in Canada CALGARY ` Alberta continued to have the highest average weekly earnings of non-farm payroll employees among all provinces in April. Statistics Canada reported Thursday that earnings in the province were flat in April compared with the...

Calgary floods to cost economy billions Economists say flooding in Alberta will cost Calgary`s economy billions of dollars and affect the Canadian economy as a whole. Although the precise economic damage caused by the flooding is hard to measure, economists say it will be widespread and...

Low interest rate party may be ending The interest rate party for borrowers is almost over. After almost five years of historically low rates, we`ve started to see some upward movement in the cost of money. Most people watch the central banks for indications that rates are about to...

Toronto to consider almost doubling development charges for construction projects The city of Toronto is considering almost doubling the fees it charges developers for construction projects, a proposal that already has the building industry warning it will only result in higher costs for...

Vancouver's house prices won't tank Don`t worry about alarmist economists ` those at the Organization for Economic Cooperation and Development, for example, or Nobel Prize-winner Paul Krugman ` who are predicting a real estate crash. Because house prices in Canada are poised to edge up...

Exxon joins LNG race in BC The world`s largest energy company is joining the race to export liquefied natural gas from B.C. with a monster proposal that would process the equivalent of nearly one-third of Canada`s current daily production. Exxon Mobil Corp. revealed its plans ` which...

Subway relief line to be studied by Metrolinx Metrolinx has put out a call for qualified bidders to do a preliminary study on what, until now, was termed the downtown relief line. It`s a very early step, but transit watchers, eager for any word of progress, will see it as a clear sign...

Mimico waterfront plans fail to meet sky-high expectations Expectations couldn`t have been higher in Mimico in 2005, when Councillor Mark Grimes jump-started an ambitious effort to unlock the potential of southern Etobicoke`s long-neglected waterfront. Preliminary meetings with...

North America capable of making OPEC 'NOPEC' The U.S. oil boom is moving Congress closer than it has been in more than three decades to easing the ban on exporting crude imposed after the Arab embargo. Advances such as hydraulic fracturing are leading to record production that may...

Canadian housing overvalued? Maybe not If you`re following the headlines on Canada`s housing market`and who isn`t`you likely noticed the Organization for Economic Cooperation and Development described Canada`s housing market as overvalued and at risk of suffering a correction. Not...

Bidding wars, soaring house prices hit Hamilton HAMILTON`Cathy Thomson always imagined that when she and her husband retired, they would sell their house in Oshawa and move to the big city. They did. The City of Hamilton. Read the full article here.