BC losing people to other provinces VICTORIA ` More people continue to move from B.C. to other provinces than migrate west, according to the latest Statistics Canada estimates. Quarterly Statistics Canada figures show a net loss of 1,611 people from B.C. to other provinces from...

Luxury Trump tower to rise above Vancouver VANCOUVER ` Vancouver has become the next stop for real estate tycoon and reality television icon Donald Trump`s international hotel chain. The 63-storey tower`s twisting design by now-deceased architect Arthur Erickson was originally meant for...

More towers, fewer tenants could cloud office demand outlook CBRE Ltd. is warning developers that, with a plethora of new office towers going up across the country, the demand for office space is starting to wane. The result could be the end of a period during which rents have been high...

One of Toronto restaurant hotspots could soon be forced to cool down A community council by-law could cap the number of bars and restaurants in Parkdale at 25 per cent of all business, if approved by the rest of council next month. The influx of bars in the area is driving up rents and...

GTA new home prices hit record New home sales across the GTA hit their lowest level on record for May as average prices were pushed to new highs of $644,427, according to RealNet Canada. The 26 per cent decline in house sales year over year, but a six per cent rise in new house prices...

Vaughan sets out stringent terms on casino Meeting a long list of terms and conditions is key to any possible deal reached between Vaughan and the casino operator chosen by the Ontario Lottery Gaming Corporation (OLG). And while Mayor Maurizio Bevilacqua called the terms `very firm`, he...

Ontario housing starts climb in May according to CMHC EMC Business -Housing starts in the Ontario region were trending at 57,773 units in May, compared to 56,073 in April, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly...

Bank of Canada will maintain inflation: Poloz This morning, Bank of Canada Governor Stephen Poloz gave tips on how Canada can build up business confidence at the Oakville Chamber of Commerce. He stressed what `happens to business in Canada matters to the Bank of Canada`In order for us to...

Most Canadians don't expect to be mortgage free until 57 EMC Business -A new CIBC (TSX: CM) (NYSE: CM) poll reveals that Canadian homeowners with a mortgage now believe they will be age 57 on average before paying their mortgage off, compared to age 55 in a similar CIBC poll conducted in...

RBC raises Canadian growth forecast TORONTO`Economists at the Royal Bank group say Canada`s growth appears to be stronger than previously thought. RBC Economics has raised its estimate for the country`s 2013 economic growth to 1.9 per cent and says 2014 growth will be about 2.9 per cent...

The NGO pipeline bullies The Western Premiers` conference had `bullying` on the agenda, but not Enbridge`s proposed Northern Gateway pipeline. That`s because the $6-billion project ` to pump 525,000 barrels a day (bb/d) of diluted bitumen from the Alberta oil sands to Kitimat B.C. ` is a...

Jumping off the REIT bandwagon? That pop you heard might have been the bubble finally bursting ` at least for real estate investment trusts if not housing. Rising bond yields have brought down the publicly traded real estate sector since it hit an all-time high at the end of April. The...

The "alarming" decline of housing affordability The question of whether Canada`s housing market is a bubble or not hinges on how affordable it is to buy a home. Gulp. Rising home prices and mortgage rates suggest trouble ahead, but that`s only half the problem. Bubble or not, houses are...

High salary expectations tough for smaller Alberta businesses CALGARY ` Many smaller businesses in Alberta are having a tough time meeting the salary demands of workers, says ATB Financial. In its second quarter Business Beat Survey, the institution said the fact that Alberta workers...

Northern Gateway is in the best interest of all Canadians, company tells review board TERRACE, B.C. ` A lawyer for the Northern Gateway oil pipeline told a federal review panel Monday that there are many reasons the controversial project should be approved ` billions of them, in fact. In...

Oshawa airport business plan delayed Grandiose announcements about a new Pickering airport haven`t caused too much stress among Oshawa airport aficionados. Canada`s Finance Minister and Whitby-Oshawa MP Jim Flaherty, alongside Environment Minister Peter Kent, recently announced the...

Regina looking to annex adjacent land The City of Regina is moving forward with a plan to annex huge parcels of land from the surrounding municipality to meet future economic and population growth, but their neighbour is opposed to the proposal. `This is part of our Official Community...

Saskatchewan labour market tightens Saskatchewan's tight labour market keeps getting tighter, with fewer than two unemployed people for every job opening, according to the latest job vacancy report from Statistics Canada. In March, Saskatchewan had the lowest ratio of unemployment-to-job...

Hike to PST will hit Manitobans hard Finance Minister Stan Struthers ruffled some feathers with his announcement in the April budget of an increase in the provincial sales tax (PST) to eight per cent, effective July 1. His proposed tax hike has been hotly debated ever since. Despite...

Alberta unemployment to job vacancy ratio rises CALGARY ` Alberta`s unemployment to job vacancies ratio went up in March, from 1.8 to 2.3, as the number of job vacancies fell faster than the number of unemployed people, said Statistics Canada. Despite the increase in Alberta`s ratio...