#greater-toronto-area

#greater-toronto-area

Viral security camera and cellphone videos taken in the last two years show groups of masked robbers who appear to be young males wearing dark clothing, entering jewelry stores in malls and streetfront shops. They are brazenly using hammers to smash glass, filling bags with jewelry and running off to getaway vehicles before police arrive.

Canada's housing agency says the weakening condo market in the Toronto region has some parallels to the crash of the early 1990s, but several factors mean the current downturn will likely be less severe. Canada Mortgage and Housing Corporation says in the new report that a more diverse and stable economy, stricter lending rules, and an underlying shortage of homes in the Greater Toronto Area will all help soften the effects of the market pullback.