Moody's Analytics, Inc. says home prices across Canada could tumble about seven per cent in 2021, as unemployment dampens the hot real estate market. The financial intelligence company says there is a dangerous oversupply of new, single-family homes in Calgary and Edmonton, on top of affordability issues in Vancouver and Toronto. Moody's report did not go into detail on how it created the forecasts, but says that its 2021 home price index also calls for a 6.7 per cent decrease for single-family homes and a 6.5 per cent decline in condo apartments. The prediction from Moody's comes after the C

NDP Leader Jagmeet Singh says he is taking the Liberal government's move to increase the value of benefits for unemployed workers to $500 a week as a ``major win'' for his party. That was one of the demands the NDP issued in exchange for supporting the minority Liberal government on a confidence vote triggered by Wednesday's throne speech. Singh stopped short of saying the NDP will support the throne speech, saying the party is still negotiating with the Liberals on its second demand: paid sick leave. The Liberals need the support of at least one of the main opposition parties to avoid trigge

Medical experts say an abrupt shift in Ontario's testing strategy highlights the complexities of responding to a second wave of the COVID-19 pandemic. Premier Doug Ford's government announced today that assessment centres would revert back to testing only symptomatic individuals, those who've come into contact with a case and those who work in high-risk settings. Testing for asymptomatic residents is available at up to 60 pharmacies by appointment starting on Friday. The move marks a sharp reversal from the message the government touted for months that anyone could obtain a test if they wante

The value of weekly benefits for unemployed workers would rise to $500 a week under legislation the Liberals introduced today. The proposal still needs parliamentary approval, but would bring the value of payments to the same level as under the soon-to-disappear Canada Emergency Response Benefit.The same floor will be placed on employment insurance benefits for those eligible for the program.A bill to create the new benefits regime was introduced in the House of Commons this morning, with only a few days before the first wave of recipients max out the CERB.The Liberals first unveiled the pack

The fate of Prime Minister Justin Trudeau's minority Liberal government hangs in the balance as Parliament resumes all normal operations today for the first time in six months.Opposition parties will give their official responses to Wednesday's speech from the throne but they've already signalled that Trudeau can't count on support from any of them to survive the eventual confidence vote and avoid plunging the country into an election in the midst of a second wave of the deadly COVID-19 pandemic.The Conservatives were unequivocal: they will not support the throne speech.The Bloc Quebecois was

Talking to journalists in Victoria today, BC Liberals leader Andrew Wilkinson warned Surrey residents to be wary of NDP’s promise of building a second hospital in Surrey. He said NDP has only been ‘all talk and no action’ on Surrey’s issues such as taxis, trucking, Skytrain extension and Massey Tunnel. Replying to a question about Surrey’s own police, Wilkinson said that there has been a complete lack of transparency around Surrey policing changes and NDP are now "trying to throw some blame off their own back" in terms of the growing chaos around now, what he called a hyper-political

British Columbia health officials say the number of COVID-19 cases across the province continues to be too high. Dr. Bonnie Henry and deputy health minister Stephen Brown say in a joint statement that thousands of residents are being forced to deal with the stress of self-isolating as a result of others not following proper COVID-19 safety precautions. They say everyone needs to follow the proper safety guidelines to ensure businesses and communities can remain open. B.C. announced 91 new cases on Wednesday for a total of 8,395. There are 1,376 active cases, with 62 people in hospital and 18

Prime Minister Justin Trudeau says the second wave of COVID-19 is already underway across the country. He says the numbers are clear with more than a thousand new cases yesterday. Trudeau says families won't likely be able to gather for Thanksgiving, but it's not too late to save Christmas. He says we need to keep wearing masks, use the government's exposure-alert app and obey public health instructions. Trudeau made his comments after the throne speech in an address to Canadians on the state of the pandemic.

Chief public health officer Dr. Theresa Tam says the increase in COVID-19 cases in the past week is a cause for real concern. Dr. Tam says there was an average of 1,123 new cases per day over the past week, up from 380 cases in mid-August. She says the country is on track for what she calls a big resurgence in several provinces. While most of the new cases are in young adults, Tam points out the impacts affect everyone. Quebec reported 471 new cases today and Ontario 335.