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This $4-Million House Built Into A Cluster Of Boulders Is Way Nicer Than The Flintstones' Bungalow

(0) Comments | Posted April 18, 2015 | 12:24 PM

Now here's a real estate investment that's solid as a rock: A home in Scottsdale, Arizona built right into a cluster of giant boulders.

This 4,380-square foot, three-bedroom house is 60 per cent granite marble, according to the listing at Estately.

arizona boulder house

The...

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Apple Pay Coming To Canada In Fall 2015: Will There Be A ‘Collision' With The Banks?

(3) Comments | Posted April 17, 2015 | 3:10 PM

Apple Pay, the mobile payment system that launched on iPhone in the U.S. last fall, will be coming to Canada potentially by November, according to a report at the Wall Street Journal.

Apple is reportedly in talks with Canada’s six largest banks -- BMO, CIBC, National Bank, RBC,...

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Sleep Country Canada Founder Shuts Down Stripper School Mansion After By-Law Charges

(4) Comments | Posted April 17, 2015 | 10:06 AM

The co-founder of one of Canada’s most prominent mattress retailers has been forced to shut down a “stripper school” he was running out of a $2-million mansion in Tampa, Fla.

Toronto-born Gordon Lownds, who co-founded the Sleep Country Canada chain as well as hearing aid retailer ListenUP! Canada, faces five...

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Canada Among Most Expensive Countries, But It's No Australia

(25) Comments | Posted April 16, 2015 | 12:58 PM

Canada is the fifth-most expensive country in which to live, according to Deutsche Bank’s latest survey of global prices, but there is good news for Canadian consumers: Thanks to a soaring U.S. dollar, the Canada-U.S. price gap has been eliminated and Canada is now slightly cheaper than the U.S.

Overall,...

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Internet Bills To Rise As Cable TV Heads Into ‘Veritable Bloodbath'

(39) Comments | Posted April 16, 2015 | 8:17 AM

Cord-cutting, combined with more consumer-friendly rules from the CRTC, will send Canada’s telecoms into a TV-services “bloodbath” from which they will recover by raising prices for internet services, market observers say.

The latest signs that cord-cutting is beginning to damage telcos’ bottom lines came this week with a new report...

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Ashley Madison IPO Will Be In London Because Toronto's Too Prudish, Apparently

(8) Comments | Posted April 15, 2015 | 12:36 PM

Here’s your chance to buy a piece of the booming adultery business.

Ashley Madison, the Toronto-based website for married people looking to have an affair, is planning to launch an IPO in London, according to reports at the Financial Times and Bloomberg.

Parent company Avid Life...

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House Prices Across Canada: Here's Where They're Rising And Falling

(1) Comments | Posted April 14, 2015 | 3:24 PM

  • Toronto, Vancouver still hot
  • Alberta shows surprising resilience
  • Canada’s new worst resale housing market: Ottawa

Canada’s major housing markets saw some improvement in March from the previous few months, with fewer cities reporting declines in existing house prices and Vancouver and Toronto still leading the charge in price...

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For First Time Since Financial Crisis, U.S. Beats Canada On Jobs

(5) Comments | Posted April 14, 2015 | 11:43 AM

It’s pretty much official: Canada's seven-year reign as a better place to find work than the U.S. is over.

Canada’s unemployment rate edged higher than the U.S.’s in early 2014, and has basically stayed there since. But as Statistics Canada notes, the two countries’ jobless rates are...

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Zellers Outlasts Target Canada: Does It Deserve A Comeback?

(51) Comments | Posted April 13, 2015 | 2:02 PM

Target’s last remaining Canadian stores closed on Sunday, marked by a funeral and some premature store closures that allowed the chain to disappoint its Canadian customers one last time.

But as Canadians mull over all the retail chains that have disappeared (bye bye, Future Shop, Sony...

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Canada's Auto Industry Extinct By 2040, Economist Predicts

(156) Comments | Posted April 13, 2015 | 11:49 AM

Many observers have been predicting the slow demise of Canada's auto industry, but The Economist magazine has put a more-or-less specific date on it: Somewhere between 2030 and 2040.

In an article published late last week, it quotes prominent Canadian analyst Dennis Desrosiers as saying that,...

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Have The Mortgage Wars Gone Overboard? Credit Union Offers 1.49% Rate

(3) Comments | Posted April 10, 2015 | 4:03 PM

Just when you thought Canada’s house-price-spiking, drive-the-nation-into-debt mortgage wars couldn’t get any crazier, they just did.

Ontario credit union Meridian has posted what it calls “the lowest known posted mortgage rate in Canadian history” — 1.49 per cent.

To get that rate, you’ll need to take an unusual...

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Toronto Condo Market: ‘Not A Crash, But A Cyclical Downturn'

(17) Comments | Posted April 10, 2015 | 12:40 PM

  • Report suggests condo investors could bail on Toronto
  • ‘Excess supply’ will send prices down
  • Market is already correcting and headed for underbuilding

House prices in Toronto are about to peak and begin declining, TD Bank forecasts in a new analysis that declares the city’s long-running building boom “has...

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Canada's Unemployment Rate At 6.8% As Economy Unexpectedly Adds Jobs

(77) Comments | Posted April 10, 2015 | 8:43 AM

Canada's labour market surprised in March, churning out 29,000 new jobs, far exceeding economists' expectations of a decline of 10,000.

But Statistics Canada said the job gains were largely due to increases in part-time work; the country lost 28,000 full-time jobs. And much of the increase was due to...

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1,000 Wealthy Chinese Entrepreneurs To Get Their Own Montreal Enclave

(6) Comments | Posted April 9, 2015 | 5:13 PM

A Beijing-based holding company is moving forward with a plan to build a $1-billion commercial and residential centre in Montreal’s southern suburbs with the aim of attracting 1,000 Chinese entrepreneurs to the area.

A source close to the project told Huffington Post Quebec an official announcement will be...

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A Funeral For Target, And A Unique Theory For Why It Failed

(47) Comments | Posted April 9, 2015 | 12:08 PM

Target will close its last Canadian stores on April 12, ending a brief but colourful era in our country’s retail history.

And to mark the occasion, a Toronto fan of the chain is holding a funeral.

“Just like Doug Ford and Roll Up The Rim, Target is...

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HBO Now Streaming Service Isn't Coming To Canada, Thanks To Deal With Bell, But There's A Loophole

(33) Comments | Posted April 8, 2015 | 4:53 PM

HBO’s standalone streaming service went live in the U.S. on Tuesday, quite possibly marking the beginning of a whole new era in television.

The idea that premium cable networks could soon be accessed without a cable subscription has prompted many observers (including yours truly) to predict...

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This Is What First-Time Home Buyers Are Paying Across Canada

(4) Comments | Posted April 8, 2015 | 1:47 PM

If you’re a first-time homebuyer trying to get into the market, you probably get knots in your stomach when you hear a single-family home in Toronto now averages more than $1 million, or that Vancouver’s housing market is even more insanely competitive following a 53.7-per-cent hike...

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Canadian Taxpayers Lost Billions On Tories' Badly-Timed GM Share Sale: Analysts

(53) Comments | Posted April 8, 2015 | 9:26 AM

Market analysts and union leaders say the Harper government may have gotten a bad deal in selling off its remaining shares in General Motors, and one estimate projects a $3.5-billion loss for taxpayers.

The Harper government announced earlier this week it had sold its remaining 73.4 million GM...

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Canada's Key Lending Rate Headed To Zero, Ex-BoC Adviser Says

(41) Comments | Posted April 7, 2015 | 4:53 PM

Borrowing costs in Canada are already rock bottom, but those eyeing a mortgage or car loan may want to wait a little while, because Canada's interest rates could still come down.

The country’s weakening economy means the Bank of Canada will likely cut its key lending rate to zero, says...

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Doubling TFSA Limit Mostly Helps The Wealthy, Threatens Government Finances: Critics

(46) Comments | Posted April 7, 2015 | 3:13 PM

The Tories’ plan to double the contribution limit on tax-free savings accounts (TFSAs) hasn’t even been officially announced yet, but critics have already said it’s a giveaway to wealthier Canadians and a threat to the financial stability of the federal government.

According to reports at iPolitics and the...

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