Toronto Mortgage Finance And Other News 22-05-2016

In this week’s Toronto mortgage, finance and other news stories, Canada’s housing market continues to set new records, Google has begun selling the Google Cardboard virtual-reality (VR) in Canada and Kyle Lowry’s early departure from the Toronto Raptors.  Check it out below!:


TORONTO — Canada Mortgage and Housing Corp. is expecting home construction to be slower in most of the country in the next two years compared with 2015, though it says stark differences in outlook have emerged in various regions. http://www.cp24.com/news/cmhc-sees-slowing-of-home-construction-in-most-of-canada-1.2907496

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Canada’s housing market continues to set new records, with the average sale price up to $508,097 in April, the busiest month for home sales in Canadian history. http://www.cbc.ca/news/business/crea-housing-april-1.3583942

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Conrad Black is fighting two liens that have been placed on his Toronto mansion that claim he owes more than $15 million in unpaid taxes. http://www.ctvnews.ca/canada/conrad-black-fights-liens-for-unpaid-taxes-placed-on-toronto-mansion-1.2909300

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TORONTO (Reuters) – Canada’s main stock index retreated on Wednesday as mining and energy stocks fell, pressured by lower commodity prices after the U.S. Federal Reserve signaled it could raise interest rates next month. https://ca.finance.yahoo.com/news/futures-mirror-losses-global-stock-markets-115049666–finance.html

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TORONTO, ON- Golden Leaf Holdings Ltd. (“GLH” or the “Company”) (CSE: GLH) announces today the resignation of Philip van den Berg, a current Board of Director, effective May 20, 2016. http://finance.yahoo.com/news/golden-leaf-holdings-ltd-announces-000105744.html

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Google has begun selling its popular Google Cardboard virtual-reality (VR) accessory in Canada on Wednesday.  The units are available in Canada for $20 each, or two for $35, on Google’s online store and shipped directly from Toronto. http://business.financialpost.com/fp-tech-desk/personal-tech/google-begins-selling-google-cardboard-its-20-virtual-reality-viewer-in-canada

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Toronto city manager Peter Wallace’s report on filling the city’s budget gap points to the urgency of doing something. Now.  https://www.thestar.com/news/gta/2016/05/21/lets-talk-turkey-about-taxes-keenan.html

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Female drivers may be rare in the cab industry, but they’re signing up by the hundreds with Uber. http://news.nationalpost.com/news/canada/female-drivers-may-be-rare-in-the-cab-industry-but-theyre-signing-up-by-the-hundreds-with-uber

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By day, Jurassic Park is an unremarkable expanse of concrete in downtown Toronto. But on game nights, it is a thriving, pulsing testament to the dedication Toronto Raptors fans have for their team and it’s catching the attention of the entire NBA. http://www.cbc.ca/radio/day6/episode-286-parliamentary-brawls-transgender-rights-the-raptors-secret-weapon-migrant-ships-and-more-1.3591232/jurassic-park-the-toronto-raptors-secret-weapon-1.3591258

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Kyle Lowry’s early departure from the Toronto Raptors’ bench Thursday night wasn’t about quitting on his teammates, the all-star guard said Friday. http://www.ctvnews.ca/sports/lowry-early-exit-in-game-2-loss-to-cavs-being-blown-out-of-proportion-1.2911217

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There is no shortage of elite talents set to take part in the 2016 MasterCard Memorial Cup. The tournament includes some of the NHL’s top prospects such as Toronto Maple Leafs prized pick Mitch Marner, Philadelphia Flyers draft choice Ivan Provorov and San Jose Sharks first-rounder Timo Meier. https://ca.sports.yahoo.com/blogs/jrhockey-buzzing-the-net/meet-the-main-men-of-2016-memorial-cup-and-future-nhl-stars-214743781.html

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Before the Toronto Raptors open up their Eastern Conference Finals series tonight against the Cleveland Cavaliers, their mayor, John Tory, has a bone to pick with the CBS Sports writers who listed their beloved team as ‘Other’ in a recent NBA Title poll.   http://www.hotnewhiphop.com/toronto-mayor-writes-letter-to-cbs-sports-after-they-list-raptors-as-other-in-nba-title-poll-news.21676.html

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