Daniel Tencer

Entries by Daniel Tencer

Boomers Risk Their Retirement Supporting Adult Kids: TD Bank

(0) Comments | Posted January 18, 2017 | 2:57 PM

Many Canadian millennials need their parents’ help to buy a house these days. Others find themselves living with the folks well into adulthood — a phenomenon that is at its highest level in decades.

While those moves seem sensible in an era when young people face...

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Ontario To Hike Water-Taking Fees To A Whopping .025 Cents Per Unit

(46) Comments | Posted January 18, 2017 | 12:39 PM

Will this make Nestle think twice about taking Ontario's water?

The provincial government has posted a new proposed regulation that would raise the amount of money bottling companies would be charged for taking groundwater. The proposal would see the fee rise to $500 for every one million litres...

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History Repeating Itself? Toronto's Long Record Of Housing Busts

(3) Comments | Posted January 18, 2017 | 9:08 AM

So 2016 turned out to be yet another record-breaking year for Canada’s housing markets, particularly for Toronto, where sales rose to an all-time high and the average house price jumped by $122,000 in a single year, to around $730,000.

That’s about as unsustainable as a housing market can get. Yet...

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Canada Moves Closer To Taxing Netflix And Other Streaming Services

(197) Comments | Posted January 17, 2017 | 11:50 AM

The federal government is inching towards taxing Netflix and other streaming services, a move likely to be supported by Canada's media creators.

A briefing note prepared for Heritage Minister Melanie Joly argues in favour of charging sales tax on digital content subscriptions, such as on Netflix’s monthly fee.

The note...

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Canadian Shopping Malls Are Beating The Pants Off U.S. Ones

(0) Comments | Posted January 16, 2017 | 4:16 PM

Here’s a bit of a surprise: The busiest shopping centre in North America isn’t in New York or L.A., as one might expect. It’s in Toronto — the iconic Eaton Centre.

That’s just one tidbit of information from the Retail Council of Canada’s recent report, which shows Canadian malls are...

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Toronto Condo Rents Soar By Most On Record As Landlords Bail

(20) Comments | Posted January 16, 2017 | 1:56 PM

Toronto’s house prices have been soaring to beyond affordability for many buyers. Now it appears that the nearly half of the city’s residents who rent their homes could also see runaway price growth.

Urbanation, a real estate consultancy that tracks the Toronto condo market, is calling for more rental apartment...

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Canadian Home Prices Slow After Vancouver Sales Drop 40%

(1) Comments | Posted January 16, 2017 | 11:52 AM

Home sales in Canada hit an all-time high in 2016, but with new mortgage rules in place and mortgage rates rising, 2017 promises to be a different story, experts say.

The average resale house price in Canada reached $470,861 in December, up 3.5 per cent from a year earlier, the...

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‘Bizarre GOP Scheme' Could Seriously Damage Canadian Economy

(98) Comments | Posted January 16, 2017 | 8:32 AM

Donald Trump's White House transition team signaled late last week that Canada's auto industry could be targeted by a new U.S. border tax.

But Trump's Republican allies in Congress (if they are, indeed, his allies) are one step ahead of the president-elect. As part of their plan...

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Bizarre Glitches Have Some Convinced Russia Is Hacking U.S. Media

(28) Comments | Posted January 13, 2017 | 12:17 PM

Like so much else in American politics these days, it all looks very suspicious, but no one can prove anything.

Many on social media are wondering whether Russian hackers were involved with several strange glitches to Washington media feeds, and the Capitol building itself, on Thursday.

At around 2:30 PM...

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Bankrupt Toronto Trump Tower On Sale For Less Than Its Mortgage

(22) Comments | Posted January 12, 2017 | 5:15 PM

Let’s hope this isn’t some sort of metaphor for the upcoming Donald Trump era in politics.

The Trump-branded high-rise tower in Toronto is being sold off with an asking price that’s slightly lower than the money owed on the property.

Commercial real estate agency CBRE has listed the...

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The 55-Plus Crowd Are Taking Canada's Jobs, But There Is A Reason

(67) Comments | Posted January 12, 2017 | 3:30 PM

December was a stellar month for jobs in Canada, with StatsCan reporting 54,000 net new jobs, including a large jump in full-time positions.

But if you’re under 55 years of age, don’t start cheering just yet.

Of the 215,000 jobs created in Canada over the past year, about half...

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Amazon Canada Learns The Hard Way Not To Step On India's Flag

(10) Comments | Posted January 11, 2017 | 4:53 PM

It turns out that wiping your feet on the national flag of a country with one billion people could upset a few folks.

Amazon learned that the hard way Wednesday, when India’s foreign minister threatened to ban company employees after the site’s Canadian portal offered for sale a doormat with...

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Occupy Smiths Falls? Anger After Ontario Town Rejects Basic Income

(119) Comments | Posted January 11, 2017 | 2:21 PM

A small city near Ottawa that has struggled for years with a weak economy is the site of a heated debate about Ontario’s basic income experiment.

Smiths Falls’ city council voted against participation in the province’s basic income pilot project by a vote of 3-2 last month, despite...

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Canadian Mortgage Fraud Spikes 52% As Home Prices Soar

(14) Comments | Posted January 11, 2017 | 9:16 AM

House prices in Canada’s hottest cities are soaring, but the pressure to buy a home remains. The result? Mortgage fraud is spiking.

Most of the increase in mortgage fraud has taken place in Ontario and British Columbia, credit agency Equifax says in a new report. Those are the...

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Canadian Cities Where You Can Buy The Most Space For $300K

(5) Comments | Posted January 10, 2017 | 4:47 PM

In many parts of Canada, finding out how much space there is in a home listed for sale can be a real challenge.

Listing the floor space is standard operating procedure in Vancouver, but in Toronto, it’s like they’ve never heard of a square foot.

Real estate portal

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Canadian Banks Are Sounding Super Happy About Trump

(43) Comments | Posted January 10, 2017 | 3:09 PM

Forget Trudeau’s “sunny ways,” some of Canada’s biggest bankers are looking forward to the Donald Trump era.

"We do see a stronger growth agenda in the United States, we do anticipate pro-growth policy coming out of the new administration," RBC chief executive David McKay told an audience at a conference...

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Oh Look, Another Reason For Toronto House Prices To Soar

(14) Comments | Posted January 10, 2017 | 1:20 PM

We’ve heard all the reasons for Toronto’s house price boom before: Interest rates are super low; foreigners are flooding the market with cash, job creation is super strong; home-buying millennials are an unusually large population group.

Well here’s a new one: Canadians are flocking to Ontario at the fastest rate...

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If Oil Prices Boom Again, U.S. Won't Need Canadian Oil: EIA Report

(25) Comments | Posted January 9, 2017 | 3:54 PM

Canada’s oil industry is apparently ensnared in a Catch-22.

If oil prices stay low, the oilsands will continue to put in a weak performance. But if oil prices rise, the oilsands risk losing their biggest customer — the U.S.

That’s according to projections in the 2017 outlook from...

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Canada's Job Outlook Hasn't Been This Good Since Before Oil Crashed

(25) Comments | Posted January 9, 2017 | 1:41 PM

A larger share of Canadian businesses will hire over the next 12 months than at any time since before oil prices collapsed two-and-a-half years ago, according to a Bank of Canada survey.

The bank's latest business outlook found that the number of companies planning to add staff outnumbered...

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CETA Costs Jobs, Worsens Inequality, Social Tensions: EU Committee

(18) Comments | Posted January 4, 2017 | 7:38 AM

The trade deal that Canada and the EU signed in October will cause a loss of jobs and threaten to increase already high social tensions in Europe, a European Parliament committee has concluded.

The Committee on Employment and Social Affairs voted against CETA in December, meaning it is recommending that...

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