The only thing more expensive than Raps tickets in TO? Home Prices.
It was a GREAT May for Toronto’s housing market, and it’s starting to look favourable for sellers.
The Toronto Real Estate Board (TREB) reported that 9,989 transactions took place over the course of the month – that’s a 19% increase from the 15-year low we saw in May 2018. Factoring in seasonal adjustment, last month also represents the highest number of sales since the new mortgage stress test was introduced in December 2017.
Despite the uptick in home sales in May, TO is still behind where it should be, according to TREB president Garry Bhaura.
“After a sluggish start to 2019, the second quarter appears to be reflecting a positive shift in consumer sentiment,” said Bhaura in a statement
“Sales activity continues to be below the longer-term norm.”
So, what is buyer/seller behaviour looking like with this dip in home sales, and how does it tie into what’s happening in the housing market?
TREB says that apprehensive sellers don’t feel there are ample alternative housing options that would encourage them to list their properties on the market, and buyers continue to feel the pressure from new and more-strict mortgage policies.
Check out the gains and losses made in the Toronto housing market from 2016 to now:
Unless you’ve been living under a rock (or just don’t eat as much fast food as us), you’ve probably heard about Beyond Meat, the plant protein-based meat substitute that held an incredibly successful Initial Public Offering (IPO) (for more info on what an IPO is, check out our #getsmartsaturday here) last month. It was pretty major – in its first day of trading, the stock price of Beyond Meat rose a whopping 163%, exceeding expectations and making other highy anticipated IPOs (*cough* Uber *cough*) look a tad disappointing.
This week, Beyond Meat released their first earnings report – and net revenues have soared to $40.5 billion USD – up from $10 billion this time last year, buoyed by partnerships announced by fast food conglomerates like Tim Horton’s. But Beyond Meat won’t be keeping any of that cash around – they’re focusing on expanding into new markets to get a head start on competing with more established names like Tyson and Nestle, which are developing their own meat alternatives.
Why should you care? The alternative meat market is growing rapidly, especially as consumers become more aware of the meat industry’s impact on our climate. According to a report by Barclay’s, if demand for meat alternatives like Beyond Meat continues at its current pace, it will likely capture 10% of the $1.4 trillion global meat industry in 10 years. That’s a lot of burgers.
Disclosure: This summary was written on a laptop with a ‘I <3 Alberta Beef’ sticker.
Btchcoin @ Women Deliver
B*tchcoin contributor, Sydney Piggott, attended the Women Deliver 2019 conference as a delegate on the Inter-Council Network Youth Delegation – nominated by the Ontario Council for International Cooperation (OCIC)
Last week, Canada hosted the largest global conference on gender equality in Vancouver. From June 3 to 6, more than 8,000 people from 165 countries took part in the fifth Women Deliver conference. Over four days, more than 500 sessions and workshops were held and plenary panels included iconic feminist activists like Tarana Burke, Winnie Byanyima, and Tina Chen.
Women’s Economic Empowerment
Previous conferences had a heavy focus on sexual and reproductive health rights (SRHR), but this year the agenda took a more holistic view on gender equality. One of the key themes that emerged was the importance of women’s economic empowerment to achieve gender equality. Melinda Gates and the Gates Foundation hosted a number of sessions on investing in women and the importance of disaggregated data for determining gaps in financial opportunities for diverse women and girls. The role of young people in this work was noted on several occasions, including by the Executive Director of UN Women, Phumzile Mlambo-Ngcuka. When asked about her hope for the future of gender equality, she said: “We need to invest much more in these movements that are led by young people.”
Funding for the Women’s Movement
The Liberal Party seized the opportunity to announce historic funding for women’s organizations, women’s health, and SRHR; and build some popularity ahead of the federal election. Prime Minister Justin Trudeau announced a 10-year annual commitment of $1.4 billion dollars for women’s health, with $700 million dedicated to SRHR. This represents the single largest investment in women’s health of any government in the world. The catch: this funding is only set to start in 2023, which means it’s dependent on a Liberal win in the October 2019 election.
Additionally, Maryam Monsef, Minister of International Development and Women and Gender Equality, announced a $300 million Equality Fund for women’s organizations in Canada and abroad. Included in this announcement was a commitment by the Government of Canada to match donations dollar-for-dollar up to $30 million to Canadian Women’s Foundation, Community Foundations of Canada, and Grand Challenges Canada exclusively for Canadian organizations. Minister Monsef also announced $325 million in funding over the next five years for the Thrive Agenda for women, adolescent, and children’s health. This initiative is led by the Canadian Partnership for Women and Children’s Health (CanWaCH) who coordinated Women Deliver Mobilization Canada.
With the Sustainable Development Goals coming to an end in 2030 and no country on track to achieve their gender equality objectives, Women Deliver served as a global strategy session on a path forward. Looking forward to seeing what has been accomplished for women and girls at Women Deliver 2022!
Interested in being part of a global dialogue on gender equality? Check out the virtual conference here.