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Ontario Line Subway Changes

This quarterly economic forecast for the province of Ontario examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions.

The health crisis triggered a "real estate boom" as average prices in areas surrounding Toronto made six figure gains

2020 transactions through three quarters
The 2020 numbers through three quarters looked like this:

– 323 industrial transactions valued at $3.14 billion;

– 278 residential land transactions valued at $2.86 billion;

– 134 apartment transactions valued at $1.48 billion;

– 213 industrial, commercial and investment (ICI) land transactions valued at $1.43 billion;

– 368 retail ...

Prime Minister Justin Trudeau will extend CECRA Program into September

Canada gains 245,800 jobs, recovering nearly two-thirds of COVID-19 losses...

Zoocasa said the condo market showed signs of picking up again as Ontario’s economy opened further in June, but “the full picture of recovery remains unclear in the face of ongoing healthcare uncertainties.”

America’s central bankers are mulling what comes next, and appear to be going to school in Ottawa to figure that out. Interestingly, the Fed minutes showed that many of its leanings are in line what the Bank of Canada already does.

Retail sales in Canada exceeded pre-COVID levels of spending in June as more shops reopened, however preliminary estimates from July suggest the momentum may have been short-lived.

Canada’s inflation rate edged lower in July after bouncing back surprisingly sharply in June from subzero year-over-year readings in April and May. Higher energy prices were offset by lower services inflation, leaving the headline index just 0.1% above its year-ago level, down from 0.7% in June