Ari Altstedter

1 week ago | bloomberg.com | Ari Altstedter

This spring was widely expected to be when the Canadian housing market finally perked up after nearly three years of weak sales. But then came US President Donald Trump’s tariff demands. Canadian housing markets tanked in March as the trade battles heated up. Nationwide, sales slumped about 9.3% from a year earlier, the lowest for the month since 2009, according to the Canadian Real Estate Association. Transactions plunged nearly 17% in Calgary and 24% in the Toronto area.

1 week ago | flipboard.com | Ari Altstedter

14 hours agoCanadian investors holding U.S.-listed securities could see a sudden spike in the amount of tax they owe under a recent U.S. bill that has been tabled as a retaliatory measure against what it calls “discriminatory taxes” of foreign countries, including Canada’s digital services tax. If passed, the …

3 weeks ago | bloomberg.com | Ari Altstedter

Toronto home sales plunged in March as economic anxiety over tariff tensions between Canada and the US caused buyers to pull back. Transactions in Canada’s largest city dropped 23% from a year earlier to just over 5,000 units, according to a report from the Toronto Regional Real Estate Board Thursday. Declining demand weighed on the benchmark price of a home in the city, pushing that down 3.8% to C$1.07 million ($751,351), the report showed.

3 weeks ago | financialpost.com | Ari Altstedter

Along with conversions, an abrupt slowdown in office construction is also helping to thin the glut of supplyThe vacancy rate for Canada’s downtown office buildings fell for the first time in five years as efforts to convert empty properties to other uses gathered momentum. Nationally, vacancies in central business districts inched down to 19.9 per cent in the first quarter from 20 per cent in the previous three months, according to a report Monday by CBRE Group Inc.

3 weeks ago | bloomberg.com | Ari Altstedter

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