The benchmark price of a single family detached home in Greater Vancouver jumped 17.5 per cent over the past year, partly because the supply has failed to keep pace with a growing population.
Many parents are spending up to $500 a month to support adult children and it is eating into their retirement savings plans, a survey has found.
BayBridge Seniors Housing Inc., owned by Ontario Teachers' Pension Plan Board, is taking luxury senior homes operator Amica Mature Lifestyles Inc. private for $578-million.
Canadian Oil Sands Ltd. is expecting the Syncrude oil sands development north of Fort McMurray, Alta., to return to normal production rates toward the end of the month.
Tyler Anderson / National PostSears Canada can succeed as a retailer that fits in a niche between discount chains like Walmart and more upscale apparel and home goods retailer, says executive chairman Brandon Stranzl.