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Toronto Mortgage, Finance And Other News – 04-06-2016

June 8, 2016

In this week’s Toronto mortgage, finance and other news stories range from the Toronto area’s real estate market set a record with nearly 13,000 homes sold, Canadian bankers are calling on the government to take further steps to cool housing markets in Toronto and Vancouver and Travis Dermott was named to the Ontario Hockey League’s second all-star team. Check it out below!”

The Greater Toronto area’s real estate market set a record last month, with nearly 13,000 homes sold, despite sky-high prices and new federal mortgage rules targeted at Canada’s most expensive housing markets. http://www.cp24.com/news/hot-toronto-real-estate-market-continues-to-soar-1.2929607

In a court order expected to be appealed, it was ruled that the Toronto Real Estate Board must let its member brokers release more home sales data to the public via the internet. http://www.cbc.ca/news/business/treb-competition-tribunal-order-1.3616564

The idea of a starter home may be a thing of the past in Toronto and Vancouver, as an increasing number of homeowners looking to “trade up” are finding themselves priced out of the market, according to a new report from the TD Bank Group. http://www.ctvnews.ca/business/buyer-s-gridlock-why-toronto-vancouver-homeowners-struggle-to-trade-up-1.2922951

Only US$4,470 a year (that’s $373 a month) to rent a home in Canada? Where do I sign up?. https://ca.finance.yahoo.com/blogs/insight/no–fox-news–us-4-470-isn-t-enough-to-cover-rent-in-most-of-canada-153159580.html

Employees of once-iconic Toronto restaurant are hoping the courts can help them get nearly $100,000 in severance and termination pay the Ministry of Labour says they are owed. https://www.thestar.com/news/investigations/2016/06/02/ex-mr-greenjeans-employees-head-to-court-over-unpaid-severance-termination-pay.html

Canadian bankers are calling on the government to take further steps to cool surging housing markets in Toronto and Vancouver. http://business.financialpost.com/news/economy/more-canadian-bankers-call-on-government-to-cool-surging-home-prices

The Ontario Progressive Conservatives have nominated their candidate for a byelection in an east Toronto riding. http://www.cp24.com/news/pcs-nominate-toronto-city-councillor-raymond-cho-for-byelection-1.2931419

Muslims attending the Mississauga Halal Food Fest on Saturday expressed pride and sadness at the passing of boxing legend Muhammad Ali, who died Friday at the age of 74. http://www.cbc.ca/news/canada/toronto/toronto-muslims-muhammad-ali-1.3616832

The three-day mac and cheese festival is back and is free for guests – it features 75 vendors in total. Forty of those vendors are backed by Toronto’s top chefs and food entrepreneurs. http://toronto.ctvnews.ca/toronto-s-second-mac-and-cheese-festival-is-bigger-back-with-unique-dishes-1.2931541

The act of tailgating, more traditionally associated with American sports, is being brought north of the border for the Toronto Argonauts’ 2016 season. http://globalnews.ca/news/2734565/toronto-argonauts-bring-tailgating-tradition-north-for-season-opener/

With two on and two out in the ninth, Bogaerts struck out to seal Toronto’s 5-2 victory on Friday night and end his hit streak at 26 games. http://sports.yahoo.com/news/bogaerts-hit-streak-ends-26-toronto-beats-boston-034423987–mlb.html

Toronto Maple Leafs prospect Travis Dermott was named to the Ontario Hockey League’s second all-star team. http://www.yorkregion.com/sports-story/6707159-toronto-maple-leafs-prospect-newmarket-native-travis-dermott-named-to-ohl-2nd-all-star-team/


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