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Canada Mortgage and Housing Corporation (CMHC) says residential mortgage debt grew by nine per cent last year compared with a year earlier for the fastest pace of growth since 2008.
Downtown Toronto’s office-vacancy rate hit a record in the second quarter as fears of a slowing economy and the persistent popularity of remote work curtailed appetites for new space.
China Evergrande New Energy Vehicle Group Ltd., which has pledged to take on Tesla Inc. but repeatedly missed production targets, is taking preorders for its first vehicle.
Toronto home prices dropped for a fourth straight month and sales tumbled as rising borrowing costs rapidly cool demand for properties in Canada’s financial capital.
Britain’s construction industry is bracing for slower growth and higher inflation cutting demand for new homes, delivering the weakest growth since September, a survey of purchasing managers showed.
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