Jim Flaherty

Federal finance minister and Ford-family pal Jim Flaherty resigns from Harper... Federal finance minister and Ford-family pal Jim Flaherty resigns from Harper’s cabinet

Several news outlets are reporting that federal finance minister Jim Flaherty, MP for Whitby-Oshawa, is resigning his post in Stephen Harper‘s cabinet to return to the private sector—a decision he says he arrived at with his family earlier this year. Flaherty is a friend of the Ford family who notably came to Rob Ford’s rescue,… Read more »

The 50 Most Influential People in Toronto: who really runs this city? The 50 Most Influential People in Toronto: who really runs this city?

You know you live in interesting times when the chief of police is the most powerful person in town. What propelled Chief Blair to the top of our Influentials list was Rob Ford’s Crackgate—a story that consumed the city for much of the last year and whose bewildering narrative is still being written. Of course,… Read more »

Real Estate Cheat Sheet: what the experts are predicting for Toronto’s housing... Real Estate Cheat Sheet: what the experts are predicting for Toronto’s housing market in 2014

With the end of the year in sight, real estate experts are scrutinizing sales data, demographic trends and interest rates to try and divine what 2014 might bring for the Toronto market. Here, a few of the trends they’re expecting to surface. Prices will still go up—but not quite as quickly. Toronto house prices have historically… Read more »

Five things we learned from CP24’s rare interview with Rob Ford’s mother and... Five things we learned from CP24’s rare interview with Rob Ford’s mother and sister

When asked about the ever-widening scandal surrounding Rob Ford, Finance Minister Jim Flaherty—a close family friend—choked back tears. “At the end of the day, he has to make his own decision about what he ought to do,” he said. “Certainly his family is helping him and wishing him well.” Yesterday, we got some unexpected insight into what exactly… Read more »

A tragicomic scrapbook of Rob Ford’s crazy, blunder-filled mayoralty A tragicomic scrapbook of Rob Ford’s crazy, blunder-filled mayoralty

By Malcolm Johnston, John Michael McGrath, Philip Preville, Kelly Pullen and Courtney Shea We expected a bumpy ride with Ford as mayor, but we weren’t prepared for a self-sabotaging Lindsay Lohan of politics. With a new scandal every week, it’s easy to lose track. Hence, we present a scrapbook of two very long years in… Read more »

Real Estate Cheat Sheet: the housing market in 2012 was hot, then cold Real Estate Cheat Sheet: the housing market in 2012 was hot, then cold

In the first half of 2012, Toronto homebuyers faced rapidly escalating prices, bidding wars and “phantom bids.” In the second half of the year, the market cooled, in part due to the stricter mortgage rules that Finance Minister Jim Flaherty imposed in June. What did 2012 as a whole mean for current and aspiring homeowners? Below, we look at… Read more »

50 Most Influential 2012: a ranking of Toronto’s top tycoons, backroom operato... 50 Most Influential 2012: a ranking of Toronto’s top tycoons, backroom operators and supersize egos

The people driving the agenda for the city are more likely to come from outside local government than inside. This was the year our premier, rendered virtually impotent by a minority legislature, up and quit without warning. And our mayor, who listens to no one and refuses to build consensus on council, has created a… Read more »

Real Estate Cheat Sheet: the average house price in Toronto is now over $800,000 Real Estate Cheat Sheet: the average house price in Toronto is now over $800,000

In most of Canada, home prices are starting to stagnate (or even fall), suggesting that the country’s real estate market is finally starting to cool (the stricter mortgage regulations enacted by Jim Flaherty at the start of the summer seem to be taking effect). However, in Toronto, single-family detached homes continue to be the holy grail of… Read more »

Editor’s Letter (September 2012): real estate crazy Editor’s Letter (September 2012): real estate crazy

A few blocks down the street from me, in Seaton Village, there’s a beautiful three-storey house with four bedrooms and tremendous character. Its owners, a pair of journalists in their 60s, bought it in 1972 for $35,000, which was $2,500 less than the asking price. When they moved into the neighbourhood, they were considered pioneers—none… Read more »

Guests and programming announced for TIFF Asian Film Summit Guests and programming announced for TIFF Asian Film Summit

TIFF has confirmed the programming (and guests) for its Asian Film Summit, which will be held on September 10 at the Shangri-La. In addition to the previously announced guest of honour, the triple-threat actor, producer and director Jackie Chan, and former U.S. senator Chris Dodd, festival regular Harvey Weinstein was announced in the role of Master of Ceremonies… Read more »

What bubble? RBC says Toronto condo’s market won’t crash What bubble? RBC says Toronto condo’s market won’t crash

The city’s condo boom may be keeping both Finance Minister Jim Flaherty and Bank of Canada Governor Mark Carney up at night, but at least one high-level economist is contradicting both (because when has anyone ever agreed about the real estate market?). Robert Hogue, a senior economist at the Royal Bank of Canada, insists there’s no bubble in… Read more »

Will Canada’s new mortgage rules zap Toronto’s condo boom? Will Canada’s new mortgage rules zap Toronto’s condo boom?

We’ve been wondering what the new federal mortgage regulations will mean for Toronto’s real estate market (especially since Finance Minister Jim Flaherty’s worries over the local condo boom were a key motive for the rules). This week, some chilling words from Moody’s Investors Service: though the measures will likely cool home sales across the country, it already “may be too… Read more »

Ottawa tightens up mortgage rules to calm the hot, hot housing market Ottawa tightens up mortgage rules to calm the hot, hot housing market

The runaway real estate market in Canadian cities (and whispers and shouts of bubble trouble) is worrying Finance Minister Jim Flaherty enough that he’s again introducing new mortgage rules. Among the new measures, which kick in July 9: the amortization period for a government-insured mortgage will max out at 25 years, rather than 30; the maximum… Read more »

Rouge Valley gets $144 million to become Canada’s first national park in a cit... Rouge Valley gets $144 million to become Canada’s first national park in a city

As the federal government promised nearly a year ago, a massive stretch of the Rouge Valley will become Canada’s first urban national park, with the help of $144 million in federal funding. The government will mete the money out over the next decade to create Rouge National Urban Park, a 47-square-kilometre green space bordered by Lake Ontario,… Read more »

The weirdest mayoralty ever—the inside story of Rob Ford’s city hall The weirdest mayoralty ever—the inside story of Rob Ford’s city hall

Loyal councillors have defied him. His approval ratings have plummeted. And his powerful Conservative backers are nervous. How did it all go so wrong? The strange story of Rob Ford’s city hall By Marci McDonald | Portrait by John Cullen On Newstalk 1010, the sly strains of the Hollies hit “He Ain’t Heavy, He’s My… Read more »