Vancouver, Toronto least affordable as Canadian home prices rise

A house under construction in a Toronto suburb. The price of homes rose in most Canadian cities in the second quarter. Photo: Bloomberg

Home ownership in Canada was less affordable in the second quarter as house prices climbed again in most cities, but demand should cool as new mortgage rules take effect, a report by RBC Economics showed.

Wednesday, 29 August, 2012, 2:31am

World news in brief - August 28, 2012

Britain's Daily Mail newspaper leads with the lion sighting.

Ex-boyfriend arrested in body parts case

28 Aug 2012 - 4:53am

Nicky ticked all the right things for Kimberly for marriage

Kimberley and Nicky tie the knot

Kimberly Cheung and Nicky Chan chatted each other up beside the photocopying machine at church, but they kept their admiration for each other to themselves for almost four years.

18 Aug 2012 - 5:17am

Canadian property market tide shows sign of turning

The Residences at Silvertip Village, which have 360-degree alpine views, are part of a 223-hectre mountain resort near Banff National Park. Photo: SCMP

A vacation home in one of the world's most coveted recreational playgrounds is fun to have during good times, but one of the first things to go - along with the yacht and the fancy weekend wheels - when the economy goes pear-shaped. Even the mighty Canadian Rockies, for all their rugged beauty and appeal, did not escape the global downturn.

7 Sep 2012 - 11:39am

City serves real taste of Canada

Americans often consider Canada to be America's hat. Visually on a map, there's a resemblance. But in practice, I prefer to think of Canada as America's brains (although I don't have any solid proof to justify this claim). Well, that's just me - I might be a little biased, eh!

15 Aug 2012 - 11:15pm

Mainland training may offer a leg-up

There was a quote among my co-workers during my days as an office worker in Canada: life begins after 4.30.

15 Aug 2012 - 11:03pm

Top fugitive surrenders to police after 8 years

One of the country's top fugitives, who was behind a 1 billion yuan bank fraud, has surrendered to mainland police after nearly eight years of self-imposed exile in Canada, the Ministry of Public Security announced yesterday.

14 Aug 2012 - 7:50pm

Trade lubricant

China National Offshore Oil Corp announced last month that it was proposing to buy Canada-based Nexen in a US$15 billion deal. This caused quite a stir in Canada, with the domestic mainstream media reporting it widely. By contrast, the response of the Chinese media and public appears rather muted.

15 Aug 2012 - 10:54pm

Echoes of Sars as Beijing turns into a ghost city

With the streets deserted, residents gripped by fear and mistrust, and government officials tight-lipped, the mood in Beijing recalls the spring of 2003, when the capital was caught in the throes of the Sars epidemic.

27 Jul 2012 - 12:00am

Door to Canada is still open: top envoy

Canada's top diplomat yesterday insisted the welcome mat was still out for Hongkongers amid a host of immigration reforms now underway.

10 Jul 2012 - 12:00am

'Mr great guy' Back in the fray

Seven years ago, Dr Ko Wing-man said he was definitely not interested in returning to public service. He had quit his senior post with the Hospital Authority a year earlier, in the wake of the mishandling of the 2003 Sars crisis, and returned to private practice.

2 Jul 2012 - 12:00am

Solid friendship key to prosperity

There's no shortage of Canadians living in Hong Kong, and there's no shortage of Hongkongers who have headed across the Pacific and picked up a Canadian passport in the process.

Research shows that nearly 300,000 Canadians reside in Hong Kong, whether they were born in Canada and moved here, or were born in Hong Kong and subsequently acquired dual nationality.

1 Jul 2012 - 12:00am


Tomorrow: Canadian Chamber of Commerce breakfast: 'Changing trends in the type of companies setting up in Hong Kong: both micro & macro'. American Club.

Canadian Chamber of Commerce lunch: 'Chinese investment in Canada: poised for explosive growth'.

18 Jun 2012 - 12:00am


Tuesday, June 19: Canadian Chamber of Commerce breakfast: 'Changing trends in the type of companies setting up in Hong Kong: both micro & macro'. American Club.

Canadian Chamber of Commerce lunch: 'Chinese investment in Canada: poised for explosive growth'. Kinwick Centre.

15 Jun 2012 - 12:00am

Hotel developer eyeing wealthy Asian investors

An Alberta-based developer plans to target wealthy Chinese investors when he launches hotel units for sale in the Canadian resort town of Canmore, situated nearby the popular tourist destination of Banff National Park.

13 Jun 2012 - 12:00am