Weekly Toronto Mortgage, Finance And Other News – 1/5/2016

Weekly Toronto Mortgage, Finance And Other News

Here’s what’s happening in the Greater Toronto Area:

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High house prices are prompting some to buy real estate with friends.  Here is a story about one such person – Campbell – who bought real estate together with his friends.

http://www.cbc.ca/news/business/housing-real-estate-buying-with-friends-1.3553572

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In Toronto tech news, 2 real estate trusts say they’re proceeding with plans to develop a site in downtown Toronto with Shopify expected to be it’s main tenant.  Shopify recently went public in one of the biggest listings of recent times in Canada.

http://www.cp24.com/news/shopify-to-be-anchor-tenant-for-toronto-property-redevelopment-1.2853762

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In online news, a new Toronto YouTube Space was created – selected as 1 of only 9 in the world, and the only one in Canada. The financial post shows you what is inside.

http://business.financialpost.com/fp-tech-desk/taking-a-look-inside-googles-new-special-space-for-toronto-youtubers?__lsa=ce47-b086

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How’s the loony doing this week?  Well Canada’s dollar actually ended slightly lower and as financial hedgers sold the currency after it reached 80 US cents for the first time in nearly 10 months.

http://finance.yahoo.com/news/canada-fx-debt-c-touches-205757560.html

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The Toronto Raptors couldn’t quite finish off Indiana Friday, with a poor 2nd half, and now we are braced for yet another game 7 in Toronto tonight (Sunday 1st May)!

http://www.cbc.ca/sports/basketball/nba/toronto-raptors-indiana-pacers-1.3560383

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There was big news in sports and it was not in a sport you’d expect!  The Toronto Wolfpack rugby team has been admitted to play in the English Rugby League.  Eric Perez helped unveil the city’s new international rugby team, and he comments on how he believes the physical nature of the sport will connect with hockey fans.

http://globalnews.ca/news/2664663/toronto-to-become-first-transatlantic-sports-team-to-join-rugby-football-league/

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In Hockey, The Star reports that Toronto’s search for a top first-line centre has been going on for close to a decade.

http://www.thestar.com/sports/hockey/2016/04/29/no-1-pick-still-uncertain-unless-leafs-land-it-cox.html

 

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