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    • Canada will see weakest level of homes sales since 2001 this year: TD report

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    TORONTO -

    A new report from TD Economics predicts Canada will see the weakest level of home sales since 2001 this year.

    attributes the prediction to the poorest affordability level since the late 80s and early 90s.

    Sondhi is forecasting that home sales will reach their bottom sometime in early 2023, after declining 20 per cent from peak to trough.

    He says steep annual average price declines are expected in most of the Atlantic provinces, Ontario and B.C. in 2023, while lesser drops will materialize across the Prairies and in Newfoundland and Labrador.

    The Canadian Real Estate Association said last month that the actual national average home price was $632,802 in November, a 12 per cent decline from the same month last year.

    November home sales totalled 30,135, a 39 per cent drop from a year prior.

    This report by The Canadian Press was first published Jan. 10, 2023.

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    • Toronto is expected to see an economic boost to the tune of nearly $300 million thanks to Taylor Swift鈥檚 upcoming Eras Tour, which will be making a stop in Canada鈥檚 largest city for a six-show run later this month.

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      Representatives of the Windsor Veterans Memorial Services Committee, military representatives, wreath bearers, government officials, and members of the public will attend the Cenotaph at City Hall Square for the outdoor service.

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    • Environment Canada says heavy rain and winds could cause power outages on Vancouver Island as an "intense" storm system is set to hit the B.C. coast Sunday.

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