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The article discusses the commitment of Chip Wilson, the founder of athletic apparel firm Lululemon Athletica Inc., to invest 100 million U.S. dollars to develop a cure for his facioscapulohumeral muscular dystrophy (FSHD). Topics discussed include the pharmaceutical industry's reluctance in investing in the treatment of FSHD, a brief history of Wilson's launch of Lululemon and Wilson's undergoing of experimental medical procedure to treat his condition.

The article discusses the Canada-India rift that arose from a Sikh political activist murder in a Canadian suburb as of October 2023. Topics covered include the Sikhs' place in Indian society and their concentrated votes in elections, their being targeted by India's main spy agency Research and Analysis Wing (RAW), and RAW's alleged carry-out of covert killings in the past. Also noted are protests against leaders Pierre Trudeau and Narendra Modi in New Delhi and Toronto, respectively.

The article discusses the investigation into the 2017 murder of Canadian billionaire Barry Sherman and wife Honey in Toronto, Ontario. Topics explored include the reputation of Barry as chairman of pharmaceutical firm Apotex Inc. in addition to the involvement of the couple in philanthropy, the relationship of the couple with their children and the impact of their murder on Apotex, and the reconstruction of the final hours of the couple by the detectives to identify possible murder suspects.

The article shows the difficulty facing the Bank of Canada to change the expectations of home buyers about low interest rates and high real estate prices. It attributes high real estate prices to falling interest rates which made the cost of borrowing cheaper, as well as short supply of homes. It suggests the change in market expectations to potentially impact inflation outlook and the role of the change in the fixed-rate mortgage market in higher borrowing costs.

Lenders to a half-built Toronto condo tower have decided to hire a local developer, Tridel, to complete the construction after failing to attract sufficient bids for the project. The lenders were seeking a purchase price of at least C$1.2 billion, but only one bidder made it to the end of the process and was deemed unqualified. The project, known as The One, has faced financial challenges and cost overruns since construction began in 2017, with the total cost climbing from C$1.4 billion to C$2 billion. [Extracted from the article]

GFL Environmental Inc. is in the process of selling its environmental services business, with expectations to net at least $4.3 billion from the deal. The company plans to use the proceeds to pay off debt and potentially buy back shares. Despite its financial success, GFL has faced challenges, including recent incidents of gunfire and arson targeting its operations in Ontario, which are currently under investigation. [Extracted from the article]

GFL Environmental Inc. is expecting to sell its environmental services business for a minimum of C$6 billion ($4.3 billion) after tax, with plans to use the proceeds to repay debt and potentially buy back shares. The waste management company has grown rapidly through acquisitions in North America, but concerns over debt have led to the decision to sell less profitable businesses. Recent incidents of gunfire and arson targeting GFL's operations in Ontario have also drawn scrutiny, with police investigating potential arson at several locations tied to the company. [Extracted from the article]

The article reports on architect Frank Gehry's planned Forma condominiums on King Street at Duncan in Toronto, Ontario. Topics discussed include Gehry's early life and career, architectural design of the Forma condominiums, and state of the real estate business in Canada. Gehry's first skyscraper in Manhattan, New York City is cited.

Police in Toronto are investigating gunfire at the offices of GFL Environmental Inc., with evidence of shots fired and damage found at the scene. No injuries were reported, and the company declined to comment due to the ongoing police investigation. This incident follows previous reports of gunfire targeting GFL's operations and personnel, as well as arson at related locations. GFL Environmental has grown rapidly in recent years through acquisitions but has faced financial challenges, leading to the sale of less profitable businesses. [Extracted from the article]

The article reports on the Trans Mountain Pipeline in Alberta that is for sale to Indigenous buyers. It offers a look into the plans of bidders for financing the purchase and running of Trans Mountain including Project Reconciliation, Western Indigenous Pipeline Group, Nesika Services, and Natural Law Enterprises. It raises concerns about Canada's offloading of liability of the pipeline onto Indigenous people and the role of the pipeline in climate change and ecological dangers of oil spills.

Toronto home sales increased by 4.2% in June, marking the first monthly increase since January. This rise in sales came after the Bank of Canada lowered borrowing costs, which had been at a multidecade high. Despite the increase in sales, the housing market in Toronto remains relatively quiet compared to previous years, with sales down 16.4% from the same month in 2023. The shifting balance between supply and demand has also led to a 4.6% decrease in benchmark home prices compared to the previous year. [Extracted from the article]

Toronto home prices have experienced a decline for the first time in four months, with the seasonally adjusted benchmark price dropping by 0.4% in May. This decrease in prices is attributed to buyers pulling back and an increase in listings. The number of sales has also fallen for the fourth consecutive month, while new listings have risen. The increase in homes on the market has led to a decrease in prices, with the benchmark cost of a home down 3.5% from last May. There is speculation that the Bank of Canada may begin cutting interest rates in response to these market conditions. [Extracted from the article]

Toronto home prices have experienced a decline for the first time in four months, with the seasonally adjusted benchmark price dropping by 0.4% in May. This decrease in prices is accompanied by a decrease in the number of sales for the fourth consecutive month, despite an increase in new listings. The increase in listings has led to a higher number of homes on the market, resulting in a decrease in prices. The affordability of homes is expected to improve as borrowing costs decrease. [Extracted from the article]

According to a report by Canada Mortgage & Housing Corp., Canada has enough workers to build 70% more homes per year, but municipal red tape is hindering construction. The report states that the 650,000 workers in the industry last year should have been able to start work on 400,000 new units, but only around 240,000 were actually built. Prime Minister Justin Trudeau's goal of building 3.9 million homes by 2031 is facing skepticism from builders and economists who believe the industry is already at capacity. The report suggests that reducing regulatory barriers could improve home building efficiency. [Extracted from the article]

Aiden Pleterski, known as the "Crypto King," has been arrested in Canada on fraud charges. Pleterski, who lived in Whitby, Ontario, collected $30.5 million from investors during the cryptocurrency boom of 2021 and 2022. However, it was discovered that he spent the money on luxury items instead of investing it as promised. Only $3.15 million was recoverable for investors through bankruptcy. Pleterski's story took another twist when he was kidnapped for three days in December 2022. [Extracted from the article]

The Canadian housing market has seen a significant increase in the number of homes available for sale, with April experiencing one of the largest monthly gains in listed inventory on record. This surge in supply comes as homebuyer demand weakens due to high interest rates. Despite the increase in properties listed for sale, home sales have declined, and prices have remained relatively stable. The current market conditions have made it challenging for many buyers to enter the market, but those who can are benefiting from increased bargaining power. [Extracted from the article]

The spring housing market in Toronto is currently favorable for buyers, with prices falling and new listings increasing compared to last year. The number of properties for sale has surged by 47% from the previous year, and the benchmark price for a home in the city has decreased by 1% to C$1.128 million ($826,000) in April. The Bank of Canada's decision to maintain high borrowing costs until inflation is under control has led to a decrease in homebuyer activity, with 7,114 homes sold in April, a 5% decline from the same period last year. However, prices have slightly increased compared to January. Expectations for interest-rate cuts have also shifted, with traders now predicting a drop to 4.5% by the end of 2024, instead of the previously anticipated 3.75%. [Extracted from the article]

Canada may still have a raft of regulations that prevents the riskiest of applicants -- those who fell into the subprime category in the U.S. in the aughts -- from ever getting a mortgage, but many of those who are approved for loans today are taking on debt loads that were once unthinkable. Keywords: 7533764ZCN; BMO@CN; ALLTOP; ASIA; BNK; BON; BUSINESS; CANADA; CATOP; COS; FIN; GOV; INDUSTRIES; MARKETS; NORTHAM; REL; TOP; WORLD; WWTOP; WWTOPAM EN 7533764ZCN BMO@CN ALLTOP ASIA BNK BON BUSINESS CANADA CATOP COS FIN GOV INDUSTRIES MARKETS NORTHAM REL TOP WORLD WWTOP WWTOPAM They're the kind of exotic mortgages that one typically associates with the reckless, go-go housing market that gripped the U.S., circa 2005: Put down 5% cash and get 3% back; or, wilder yet, put down nothing at all. [Extracted from the article]

The article reports on the long-term effects of COVID-19 infections. It mentions the ongoing symptoms of patients who survived the disease, the issue of continuing medical care for these survivors, and presents comments from several survivors from around the world.

The article presents a profile of East Indian pharmaceutical executive Adar Poonawalla. It mentions the growth of Poonawalla's company Serum Institute of India which focuses on vaccine manufacturing, the company's work in preparing to manufacture a vaccine for COVID-19, and his relationship with AstraZeneca which is developing the vaccine.

The article discusses the sibling rivalry between Indian entrepreneurs, billionaires, and brothers Anil Ambani and Mukesh Ambani. It discusses their roles in the Indian holding company Reliance Industries, founded by their father, Dhirubhai Ambani, the growth of Reliance, and the disputes between the brothers over their responsibilities in the company.

Adrian Rocca, the founder of Fitzrovia, is aiming to change the perception of renting in Canada by building high-end apartment buildings with luxurious amenities. With home prices and borrowing costs becoming unaffordable for many, renting is no longer seen as a temporary solution or only for lower-income individuals. Rocca's company has the most rental units under development in Canada and is partnering with institutional investors, including pension funds, to finance new buildings. While Rocca's luxury developments may not address the housing crunch for low-income individuals, experts believe that increasing supply at the top end of the market can create vacancies in older, cheaper rentals. Rocca also plans to raise funds for low-income housing in the future. [Extracted from the article]

TPG Inc., an alternative asset manager, is in talks to purchase the manufactured housing business of Canadian Apartment Properties REIT. The potential deal, valued at over C$700 million ($519 million), would allow TPG to enter Canada's tight real estate market. Canada is currently facing a housing shortage due to underbuilding and increased immigration, leading to rising rents and limited ownership opportunities. Manufactured housing, which combines elements of rental and ownership, is becoming an attractive option for Canadians. Canadian Apartment Properties REIT currently owns over 12,000 manufactured homes in Canada. [Extracted from the article]

Canadian home sales have decreased for the first time in three months, with a 3.1% decline in transactions in February compared to the previous month. This cooling off in the market comes after a period of fluctuation due to the Bank of Canada's monetary policy. While recent indications of future rate cuts have spurred more buyers, there is also a fundamental housing shortage that has made property ownership less affordable in Canada. The number of new listings has increased slightly, helping to balance the market, but economic data remains mixed, with a potential rate cut expected in July. [Extracted from the article]

Private equity executive Rob Kumer of KingSett Capital sees an opportunity in the current turmoil of commercial real estate. While office buildings and malls have been hit hard by rising interest rates and remote work, Kumer believes that the income generated by these properties is being overlooked. With $1.9 billion in investor capital waiting to be deployed, Kumer is looking to buy high cash-flow assets in Canada, where he believes the risk has been mispriced. He is optimistic about certain properties, such as Scotia Plaza in Toronto's financial district, and some malls that are still attracting foot traffic. Despite technical pressures and negative sentiment, many owners are reluctant to sell at the moment. [Extracted from the article]

Toronto home prices have increased for the first time in seven months, signaling a shift in the market as buyers and sellers prepare for the traditionally busy spring season. The benchmark price of a home in Toronto rose by 0.2% to C$1.09 million ($803,000) in February, according to the Toronto Regional Real Estate Board. However, transactions decreased and new listings remained relatively flat. Buyers are still facing high interest rates, but some are hoping to take advantage of potential rate cuts later in the year. The upcoming spring market will determine whether prices continue to rise or fall. [Extracted from the article]

Canadian pension fund, Canada Pension Plan Investment Board (CPPIB), has sold its interests in several office buildings at discounted prices, raising concerns among investors about the state of the office property market. The sales include a pair of Vancouver towers, a business park in Southern California, and a redevelopment project in Manhattan, which was sold for just $1. The worry is that these deals may set a precedent for other major investors looking to exit the office market due to the persistence of remote work and higher borrowing costs. CPPIB maintains that it is not actively backing away from offices but is instead looking to maximize returns by redeploying cash into other assets. [Extracted from the article]

Canadian home sales have increased for the second consecutive month, as buyers are attracted to falling prices and the possibility of lower interest rates. In January, the number of homes sold rose by 3.7%, while prices continued to decline. The Bank of Canada is considering lowering interest rates, which is expected to lead to a rise in home prices. Despite the increase in sales, they are still below the 10-year average, but supply is starting to tighten. The number of new listings remains low. [Extracted from the article]