Toronto Mortgage, Finance And Other News – 02-07-2016

Your Toronto Mortgage And Other News Fix For Canada Day Weekend!

In this week’s Toronto mortgage, finance and other news stories range from the continued discussion about whether or not there is a housing bubble about to burst in Canada – with various opinions coming in on both sides, a developer takes a new step to help first time buyers, a look at Toronto’s pride parade and the conclusion of pride and in sporting news there is an update regarding DeMar DeRozan that you can’t miss! Here’s your weekly update:

– The Toronto Housing Bubble Debate Continues

There were once again a number of articles discussing whether or not there is a housing bubble in Toronto. In the following article, the author suggests that not only is there no housing bubble but that trying to ‘fix’ a non-existent bubble could create even bigger issues:

http://www.cbc.ca/news/business/mortgage-housing-bubble-1.3657598

– New Program Launched To Help First-Time Buyers

In a new move a developer is actually launching a program to help first time buyers. The developer – CityPlace – is using one of their latest developments at Bathurst St to pilot this new initiative:

https://www.thestar.com/business/2016/06/30/developer-launches-first-time-buyer-assistance-program.html

– CIBC Makes Bigger Moves Into The U.S. Market

CIBC has continually stated for years that they are looking to increase their business in the U.S. This week they made a major step along this route by buying the Chicago financial institute PrivateBancorp for whopping $4.9 billion. Read more about the deal and what it means at:

http://www.cp24.com/news/cibc-to-buy-chicago-based-privatebancorp-in-c-4-9-billion-deal-1.2966321

– First Asset Announces Toronto Stock Exchange Unit Consolidation

If you don’t know what a ‘unit consolidation’ is – take a look at this article and how a unit consolidation was created on the Toronto Stock Exchange (TSX) this week…

http://finance.yahoo.com/news/first-asset-announces-unit-consolidation-220000111.html

– Royal Canadian Mint Launches New Lucky Loonie

It’s called the lucky loonie as it aims to celebrate and commemorate the upcoming Rio Olympic summer games. The new coins will pay tribute to all the Canadian Olympic and Paralympic athletes…

http://finance.yahoo.com/news/royal-canadian-mint-unveils-2016-200000081.html

– Toronto Pride Wraps Up For Another Year

Every year the Toronto Pride event aims to go out with a bang louder than the year before. However, this year there was a much more sombre event – read more about it at:

http://www.cp24.com/news/national-trans-march-needed-to-highlight-discrimination-activists-say-1.2969893

– Canada Day Weekend Celebrations Happening Across The GTA

The weather forecast continues to be average but that hasn’t dampened (pardon the pun!) the appetite for all the Canada day weekend festivities across the GTA. Check out the events near you at:

http://www.cbc.ca/news/canada/toronto/canada-day-fireworks-1.3661527

– Ontario Hospital Workers Ratify Tentative Agreement

A tentative agreement that was originally signed on May 29th, has now been ratified by workers across 53 Ontario hospitals. Read more about the deal and what this means at:

http://toronto.ctvnews.ca/workers-at-53-ontario-hospitals-ratify-new-collective-agreement-1.2969631

– Toronto FC In Major Need Of Win

Playing Seattle tonight both teams are looking for much needed win to start their MLS turnaround.

http://sports.yahoo.com/news/seattle-toronto-seek-mls-turnarounds-045423381–mls.html

– Jose Bautista Wants To Stay In Toronto

One of the star players of the team and well loved by the fans, the outfielder explains that he wants to stay in Toronto but is exploring all options – with his contract up at the end of the season:

http://www.cbc.ca/sports/baseball/mlb/jose-bautista-stupid-to-leave-1.3609630

– DeMar DeRozan Says He Isn’t Going Anywhere

The all-star Toronto player gave a very strong hint – right after one of the best seasons for Toronto basketball came to an end – that he wants to remain with Toronto. See exactly what he said at:

http://news.nationalpost.com/sports/nba/demar-derozan-toronto-raptors-fulfill-their-wishes-to-remain-together-source

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