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Average Canadian house price rose to $716,000 in April — up by $100K since January

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After plunging due to interest rate hikes throughout last year, the average price of a Canadian resale home has now increased for four months in a row, new numbers showed Monday.

The Canadian Real Estate Association said Monday that the average selling price of a home that sold on its MLS system in April went for $716,000. That’s the fourth monthly increase in a row, and it marks a collective increase of more than $100,000 since the start of the year.

After peaking at just over $816,000 in February 2022 — right before the Bank of Canada began its aggressive campaign of rate hikes — Canada’s housing market went ice cold for much of last year, as drastically higher mortgage rates made it more expensive to finance the purchase of a home.

Average prices bottomed out a few months later, at just under $630,000 in July.

But after moving essentially sideways until the start of 2023, the market has seemingly resumed its upward momentum ever since.

Much of the rebound stems from an uptick in sales in the Greater Toronto Area and B.C.’s Lower Mainland, two parts of the country that saw both the biggest gains during the early days of COVID-19, and also the largest drawdown once rates went up.

If numbers from those two markets are stripped out, the national average price drops by more than $144,000, to an average house price of $572,000 in places that are not Toronto or Vancouver.

 

Can empty office towers be converted into housing? | About That

 

Vacant downtown office buildings are being converted into living spaces to try to address Canada’s lack of affordable housing. Andrew looks into how practical the process is, and its potential.

CREA, which represents more than 100,000 realtors across the country, says the number of homes that sold during the month increased by 11 per cent from March’s level to 44,059, and it’s now back up to its highest level since last June. But it’s still almost 20 per cent below what it was during the feverish market of this time last year.

“Home sales continue to bounce back (with some force) from the multi-decade low observed at the beginning of the year,” TD Bank economist Rishi Sondhi said. “Support has come from solid job markets, lower interest rates and improving buyer psychology from a central bank that’s on pause [but] affordability remains significantly strained [and] subdued supply is probably playing an even larger role in pushing prices higher.”

 

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Opinions on what Tagovailoa should do next vary after his 3rd concussion since joining Dolphins

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MIAMI GARDENS, Fla. (AP) — Nick Saban has a message for Tua Tagovailoa: Listen to experts, then decide what happens next.

Antonio Pierce had another message: It’s time to retire.

Saban, Pierce and countless others within the game were speaking out Friday about Tagovailoa, the Miami Dolphins quarterback who is now dealing with the third confirmed concussion of his NFL career — all coming within the last 24 months. He was hurt in the third quarter of the Dolphins’ 31-10 loss to the Buffalo Bills on Thursday night, leaving the game after a scary and all-too-familiar on-field scene.

“This has to be a medical decision,” Saban said on ESPN, where the now-retired coach works as an analyst. “I mean, you have to let medical people who understand the circumstances around these injuries, these concussions — and when you have multiple concussions, that’s not a good sign.

“I think Tua and his family and everyone else should listen to all the medical evidence to make sure you’re not compromising your future health-wise by continuing to play football.”

That process — gathering the medical facts — was getting underway in earnest on Friday, when Tagovailoa was set to be further evaluated at the team’s facility. He was diagnosed with a concussion within minutes of sustaining the injury on Thursday and there is no timetable for his return.

“I’ll be honest: I’d just tell him to retire,” Pierce, the coach of the Las Vegas Raiders, said Friday. “It’s not worth it. It’s not worth it to play the game. I haven’t witnessed anything like I’ve seen that’s happened to him three times. Scary. You could see right away, the players’ faces on the field, you could see the sense of urgency from everybody to get Tua help. He’s going to live longer than he’s going to play football. Take care of your family.”

Concern — and opinions — have poured in from all across the football world ever since Tagovailoa got hurt. It is not a surprising topic — the questions of “should he? or shouldn’t he?” continue to play — nor is this the first time they have been asked. Tagovailoa himself said in April 2023 that he and his family weighed their options after he was diagnosed twice with concussions in the 2022 season.

But Dolphins coach Mike McDaniel said it’s not his place, nor is it the time, to have discussions about whether Tagovailoa should play again.

“Those types of conversations, when you’re talking about somebody’s career, it probably is only fair that their career should be decided by them,” McDaniel said.

The Dolphins said Friday that they will bring in another quarterback, and for now are entrusting the starting job to Skylar Thompson. McDaniel said the team will not rush to any other judgments, that the only opinions that truly matter right now come from two sides — Tagovailoa and his family, and the medical experts who will monitor his recovery.

“The thing about it is everybody wants to play, and they love this game so much, and they give so much to it that when things like this happen, reality kind of hits a little bit,” Jacksonville coach Doug Pedersen said Friday. “It just shows the human nature, or the human side of our sport.”

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AP Sports Writer Mark Long in Jacksonville, Florida, contributed to this report.

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Canada’s Sarah Mitton captures shot put gold at Diamond League in Brussels

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BRUSSELS – Canadian shot putter Sarah Mitton rebounded from a disappointing performance at the Paris Olympics by capturing Diamond League gold on Friday.

Mitton, of Brooklyn, N.S., won the competition, the final Diamond League event of the season, with a heave of 20.25 metres on her third throw.

Chase Jackson of the U.S. placed second with a throw of 19.90, while German’s Yemisi Ogunleye, the Olympic gold medallist, claimed bronze with a toss of 19.72.

Mitton, the runner-up of last year’s world championship, failed to qualify for the top eight in Paris.

Edmonton runner Marco Arop, who won silver for Canada in the men’s 800 metres at the Paris Games, was scheduled to race in the 800 on Saturday.

Olympic bronze-medallist Alysha Newman, of London, Ont., also competes Saturday in the women’s pole vault.

This report by The Canadian Press was first published Sept. 13, 2024.

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Michigan’s Greg Harden, who advised Tom Brady, Michael Phelps and more, dies at 75

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ANN ARBOR, Mich. (AP) — Greg Harden, who counseled countless people at the University of Michigan from Tom Brady to Michael Phelps, and Desmond Howard to J.J. McCarthy, has died. He was 75.

Michigan athletics spokesman Dave Ablauf said the family informed the athletic department that Harden died Thursday due to complications from surgery.

The late Bo Schembechler, a College Football Hall of Fame coach, hired Harden in 1986 as a staff consultant and student-athlete personal development program counselor.

“He meant the world to me and I could never have had the success I had without the time, energy, love and support he had given me,” said Brady, a former Michigan quarterback who went on to win seven Super Bowls in a 22-year career.

Howard, who won the Hesiman Trophy in 1991, was part of the first wave of Wolverines to count Harden as a confidant, mentor and friend.

“Greg brought wisdom, joy and his calming nature to every encounter,” Howard said. “His presence will be missed by all of us.

“Although my family and I are heartbroken, we hold on to the lessons, guidance and memories that will forever be Greg’s legacy. We are blessed beyond measure to have had him in our lives.”

Harden, who was from Detroit, earned undergraduate and master’s degrees at Michigan.

Phelps lived and trained in Ann Arbor, Michigan, after emerging as swimming star at the 2004 Athens Olympics, and worked on his mental health with Harden.

Harden retired from his role as director of counseling for Michigan’s athletic department in 2020. He still continued to work, advising student-athletes at Michigan along with the Toronto Maple Leafs as the NHL team’s peak performance coach.

He published his first book, “Stay Sane in an Insane World: How to Control the Controllables and Thrive,” last year.

Michigan athletics announced Harden’s death, and shared statements from some of the many people who knew him.

McCarthy, a Minnesota Vikings rookie quarterback, sent the school his thoughts in the form of a letter to Harden.

“You gave me the courage and belief as we fought hand and hand against the demons that I’ve spent my entire life fighting,” McCarthy wrote. “You have inspired me by your ability to unconditionally love everyone and everything.”

While many famous football players worked with Harden, he also was a trusted adviser for women and men in all sports and walks of life, including broadcaster Michelle McMahon, who played volleyball at Michigan.

“He poured his heart into thousands of students, athletes, and celebrities alike without any expectation of gaining anything in return,” McMahon said. “He dedicated his entire life to making a difference and investing in the growth of the young impressionable minds that were lucky enough to meet him.

“His captivating presence and charisma captured the rooms he walked in. Greg’s gift to the world was his unwavering ability to help people see themselves fully, in full acceptance of their flaws and their gifts. His relentless approach made it impossible for his mentees to give up on themselves.”

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Follow Larry Lage at https://twitter.com/larrylage

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