Toronto Mortgage, Finance And Other News 25-06-2016

In this week’s Toronto mortgage, finance and other news stories range from rising home prices in Toronto and Vancouver helped push overall Canadian housing affordability, the Toronto Stock Exchange dumped 239.50 points and the parent company of the Toronto Maple Leafs is dropping the gloves in a trademark fight with rapper-turned-marijuana entrepreneur Snoop Dogg. Check it out below!

Rising home prices in Toronto and Vancouver helped push overall Canadian housing affordability down in the first quarter, says a new report from RBC. http://www.cbc.ca/news/business/rbc-housing-affordability-1.3647686

Ratings agency Moody’s says that despite soaring home prices and household debt levels, Canadian banks could weather the effects of a severe housing downturn. http://www.ctvnews.ca/business/canadian-banks-could-withstand-effects-of-severe-housing-crisis-moody-s-1.2953524

Conrad Black is seeking an emergency hearing next week into tax-related matters holding up the sale of his Toronto mansion, arguing that servicing the three mortgages on the property is hurting his personal financial position. https://www.thestar.com/news/gta/2016/06/23/conrad-black-wants-emergency-hearing-on-tax-dispute.html

The federal government is creating a working group on housing with the Ontario and British Columbia governments as well as officials from Vancouver and Toronto. http://www.cp24.com/news/officials-from-toronto-and-vancouver-to-sit-on-new-federal-housing-working-group-1.2958464

The Toronto Stock Exchange dumped 239.50 points to close at 13,891.88. http://www.cbc.ca/news/business/brexit-vote-business-impact-1.3650553

No winning ticket was sold for the $13 million jackpot in Friday night’s Lotto Max draw. http://www.cp24.com/news/no-winning-ticket-for-13-million-jackpot-in-lotto-max-draw-1.2961357

The Toronto Argonauts had some good news Friday regarding defensive back Jermaine Gabriel. http://www.cp24.com/sports/toronto-argonauts-news/argos-say-db-gabriel-expected-to-make-full-recovery-1.2960717

Canada’s largest mental health and addiction teaching hospital has added a unique service for its aboriginal clients — a sweat lodge to help promote spiritual, physical and emotional healing. http://www.ctvnews.ca/health/toronto-hospital-opens-sweat-lodge-for-aboriginal-patients-1.2959836

Toronto was hardly a blip on the hip-hop map before Drake came along. In fact, the city’s presence in pop culture — and even in sports, too — has greatly increased since he decided to put the 6 on his back. http://www.hotnewhiphop.com/drake-is-worth-about-3-billion-to-toronto-study-says-news.22486.html

The man from Toronto, old enough to remember the Maple Leafs’ last Stanley Cup, made the drive to the First Niagara Center on Friday night, because he didn’t want to miss out on history. http://news.nationalpost.com/sports/nhl/a-chance-at-greatness-toronto-maple-leafs-and-auston-matthews-can-make-history-together

The parent company of the Toronto Maple Leafs is dropping the gloves in a trademark fight with rapper-turned-marijuana entrepreneur Snoop Dogg over his “Leafs by Snoop” line of pot products. http://globalnews.ca/news/2779639/toronto-maple-leafs-seek-trademark-challenge-against-snoop-dogg-pot-logo/

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