Srnd Bruce Arthur: Doug Ford set a low bar for handling Ontario s COVID-19 third wave, and this time he cleared it
OTTAWA 鈥?Home sales in June posted their largest monthly drop in seven years, driven by a plunge in the Greater Toronto market, the Canadian Real Estate Association said Monday, the latest evidence that a cool-down in the housing sector is taking hold.Transactions last month were down 6.7 per cen
stanley water jug t compared with May on a national basis, the third consecutive monthly decline, with the Greater Toronto Area registering a 15.1 per cent drop.Home sales are down 14.1 per cent from the record level set in March. ARTICLE CONTINUES BELOW Changes to Ontario housing policy made in late April have clearly prompted many homebuyers in the Greater Golden Horseshoe region to take a
stanley cup step back and assess how the housing market absorbs the changes, CREA chief economist Gregory Klump said in a statement.The recent increas
stanley botella e in interest rates could reinforce a lack of urgency to purchase or, alternatively, move some buyers off the sidelines before their pre-approved mortgage rate expires. In the meantime, some move-up buyers who previously purchased a home before first selling may become more motivated to reduce their asking price rather than carry two mortgages. ARTICLE CONTINUES BELOW Sales were down from the previous month in 70 per cent of all local markets measured by CREA, including the Lower Mainland in B.C., Montreal and Quebec City.The Ontario government moved earlier thi Cckn Trump to sign order creating accountability office at VA
TORONTO 鈥?Subsidizing hydro rates for industrial and large commercial businesses will cost Ontario taxpayers an estimated $15.2 billion by 2040, the province fiscal watchdog said Thursday.Financial Accountability Officer Peter Weltman said that is a result of a provincial program announced last fall that would see hydro rates for about 1,400 large business customers cut by 14 per cent.Th
stanley cup e costs are being moved from
stanley termoska the ratepayers ... over to the taxpayers, he said. That is what happening. ARTICLE CONTINUES BELOW The province said the program was necessary because hydro rates for business customers were too high.But even with the subsidies, which took effect Jan. 1, large commercial businesses will still be paying amongst the highest hydro rates in the country, the report says, while industrial ratepayers will see prices drop below the Canadian average. ARTICLE CONTINUES BELOW The province also said the program would subsidize the high cost of green energy contracts and lessen the impact they have on business ratepayers.The FAO report note
stanley taza s the contracts are the result of the Green Energy Act created in 2009 by the previous Liberal government, which secured about 12 per cent of the province energy supply from solar, wind and bioenergy generation. ARTICLE CONTINUES BELOW The watchdog
