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Toronto Mortgage, Finance And Other News – 10-07-2016
July 10, 2016
Your Toronto Mortgage News Update For The Week Ending 10th July 2016
In this week’s Toronto mortgage, finance and other news there is continued debate about home affordability in Toronto and across Canada, the Canada post labour dispute continues, the debate and fallout from Toronto Pride continues and the Toronto Raptors make their first round draft picks. Here’s your weekly Toronto mortgage, finance and other news…
The Canada Post Dispute Continues…
The labour dispute between Canada Post and some Unions continues. What does this mean for Toronto residents? This article discusses the consequences for Canada’s largest city…
http://www.cp24.com/news/understanding-the-canada-post-labour-dispute-1.2974211
Housing Affordability – More Concerns Raised
The continued discussion surrounding home affordability in Toronto continues. This article suggests that the opportunity to own a home is starting to get further away for many Toronto residents and that the Government needs to step in and take action…
http://globalnews.ca/news/2806771/home-ownership-dreams-in-toronto-further-out-of-reach-than-ever/
Regulations On Income Verification For Mortgages To Tighten
The Canadian regulator – the Office of the Superintendent of Financial Institutions (OFSI) – based in Toronto – is stepping up their game by stating they are goinng to be more heavily regulating income verification in the mortgage market. In particular, foreign investors proving their income is enough to meet Canadian mortgage standards is of concern. The Vancouver and Toronto markets were specifically named as amongst those where OFSI will be more heavily scrutinising how lenders verify income…
Toronto Restaurante Looks To Expand Across Canada
Oliver Bonacini runs a Toronto restaurant with a famous back-story. In this article he discusses his successful Toronto restaurant and how he has plans to expand his business across Canada.
Toronto Pride Fallout Continues…
With heavy coverage on social media, the fallout from Toronto Pride continues. In this article, the police presence is discussed further…
http://torontoist.com/2016/07/black-lives-matter-held-pride-accountable-toronto-should-too/
New Trade Agreement Between Canadian Provinces Expected To Be Agreed
Provincial leaders have been gathering in Toronto in an attempt to reach an inter-provincial trade agreement- breaking down some barriers that both businesses and consumers have been burdened by for a while… Read more about the landmark deal at:
Hospital Food Set To Improve – Thanks To Toronto Chef
Hospital food – much like food on airlines – has a bad reputation. A Toronto chef has set out to change that and his new project has seen her now being selected for a prestigious award…
http://www.cbc.ca/news/health/chef-cook-maharaj-toronto-canada-1.3647646
Toronto FC Goal Drought Continues
However, this article argues that Sebastian Giovinco is still providing good value for money for the fan base…
http://www.cp24.com/sports/first-half-goal-from-morrow-lifts-toronto-fc-over-chicago-1-0-1.2980650
Toronto Blue Jay Makes The AL All-Star Team
The starting pitcher for the Toronto Blue Jays Aaron Sanchez will replace Boston Red Sox reliever Craig Kimbrel on the AL all-star team.
http://www.cbc.ca/sports/baseball/mlb/blue-jays-aaron-sanchez-all-star-1.3672116
Toronto Raptors Make Their First Round Draft Picks
Two rookies – Jakob Poeltl and Pascal Siakam – were signed to ‘scale contracts’ this weekend. Read more about the pair at:
http://www.ctvnews.ca/sports/raptors-sign-newcomers-poeltl-siakam-to-rookie-contracts-1.2980208
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