News of the day: Spring real estate, Toronto condo market, federal budget update, NorthStar valuation, vacation planning and more
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Canada's spring housing market is typically the busiest time of the year for the real estate sector, but homebuyers have so far been reluctant to jump in. Photo by Financial Post photo illustration/Getty ImagesArticle contentIt’s Tuesday, April 21. Here are the top stories we’re following today.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentFrom where the deals are to where prices dropped most, 5 key things to know about the spring real estate marketArticle contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.We apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Play VideoArticle contentSpring is traditionally when Canada’s housing market shifts into high gear. But this year it’s idling, despite four consecutive years of price reductions nationally.Article contentRead the storyArticle contentArticle contentArticle content The CN Tower is seen past condominiums in Toronto, Ont. Photo by Cole Burston/Bloomberg filesArticle contentToronto’s condo market ‘hits bottom’ with some developers looking at selling units below costArticle contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentCanada’s largest condominium market has “hit bottom” as first-quarter sales for new projects in Toronto fell 52 per cent from a year ago to a 35-year low, according to an Urbanation Inc. report, and no projects were launched for the first time in three decades in the period.Article contentLatest EntrepreneurScroll Left Scroll RightArticle contentRead the storyArticle contentArticle content Prime Minister Mark Carney speaks to journalists in the House of Commons foyer before Question Period on Parliament Hill in Ottawa on March 10. Photo by Blair Gable/PostmediaArticle contentDon’t expect Carney’s looming spring budget update to reflect the financial pain Canadians are feelingArticle contentThere’s a scene in the 1988 comedy The Naked Gun where Leslie Nielsen’s Lt. Frank Drebin waves his arms in front of a fireworks factory that has just exploded and calmly tells the horrified crowd, “Nothing to see here, please disperse.” Kim Moody has often thought about that scene while watching Mark Carney’s government handle the federal budget process.Article contentSecond ListsScroll Left Scroll RightArticle contentRead the storyArticle contentArticle content Montreal-based satellite startup NorthStar Earth & Space Inc. provides data and other services from its platform of space-based sensors. Photo by Handout /NASAArticle contentCanadian satellite startup NorthStar on track to hit US$300-million valuation after SPAC mergerArticle contentMontreal-based satellite startup NorthStar Earth & Space Inc. says it intends to go public on the New York Stock Exchange by merging with special acquisition purpose company Viking Acquisition Corp. I as investor interest in the space sector grows.Article contentRead the storyArticle contentArticle content The Middle East conflict is having an immediate impact on airline pricing, especially for North American companies. Photo by Getty ImagesArticle contentGarry Marr: When it comes to summer vacation planning, we’re all commodities traders nowArticle contentPlanning a cost-effective vacation this summer increasingly feels like betting on the commodities market, as oil prices rise and fall based on global geopolitical winds. Statistics Canada reported this week that airfares rose in March for the first time in two years, as the Iran war roiled oil prices.Article contentRead the storyArticle contentTrending Canadian telecom Rogers goes into tailspin as price war heats up Telecom Solomon says U.S. recession risk could be 'one tweet away' PMN Business Toronto's condo market 'hits bottom' with some developers looking at selling units below cost Real Estate U.S.-Canada trade deal is within reach in 2026, Ontario envoy says Economy Posthaste: Canada's home prices have now been falling for four years — and haven't hit bottom yet News Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Canadian telecom Rogers goes into tailspin as price war heats up Telecom Solomon says U.S. recession risk could be 'one tweet away' PMN Business Toronto's condo market 'hits bottom' with some developers looking at selling units below cost Real Estate U.S.-Canada trade deal is within reach in 2026, Ontario envoy says Economy Posthaste: Canada's home prices have now been falling for four years — and haven't hit bottom yet News