Mixed-use towers coming to Amherstburg
Two new towers will be featured in Amherstburg's skyline after town council approved a monumental development on Monday evening. Robert Lothian reports.
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CBC
29 minutes ago
- CBC
Home sales rose in June, though fewer home sales expected for this year, says CREA
Social Sharing For the second time this year, the Canadian Real Estate Association (CREA) has downgraded its forecast for home sales in 2025, even as it reported the number of homes changing hands across the country in June rose 3.5 per cent compared with a year ago. The association said Canadian home sales last month also increased 2.8 per cent compared with May on a seasonally adjusted basis. In its outlook released Tuesday, CREA said it now expects a total of 469,503 residential properties to be sold this year, a three per cent decline from 2024. In April, the association forecast the number of home sales for 2025 to remain essentially unchanged from last year, which itself marked a steep cut from its January forecast of an 8.6 per cent year-over-year increase. The national average home price is forecast to fall 1.7 per cent on an annual basis to $677,368 in 2025, which would be around $10,000 lower than predicted in April. CREA senior economist Shaun Cathcart said that despite a "chaotic start to the year," the latest data suggests the housing market rebound originally forecast for this year — before it was upended by the Canada-U.S. trade war — may have "only been delayed by a few months." "At the national level, June was pretty close to a carbon copy of May," said Cathcart in a news release, cautioning "we're not out of the woods yet" given U.S. President Donald Trump's latest 35 per cent tariff threat. WATCH | Rise in home sales largely due to Greater Toronto Area, CREA says: Home sales rose in June while prices held steady: CREA 1 hour ago The association said the tariff-related uncertainty that drove so many buyers back to the sidelines earlier this year ended up taking a larger bite out of activity in B.C., Alberta and Ontario than was expected three months ago, but "the good news is markets appear to be entering their long-expected recovery phase, fuelled by pent-up demand, lower interest rates, and an economy that is expected to avoid worst-case tariff scenarios." "Most housing markets continued to turn a corner in June, although market conditions still vary considerably depending on where you are in Canada," said CREA chair Valerie Paquin. "If the spring market was mostly held back by economic uncertainty, barring any further big shocks, that delayed activity could very likely surface this summer and into the fall." CREA said it now forecasts national home sales in 2026 to improve by 6.3 per cent to 499,081. That would put activity back on track with what was expected in its April forecast, when it predicted a 2.9 per cent gain in sales next year. The national average home price is expected to increase three per cent from 2025 to $697,929 next year. Meanwhile, the national average sale price fell 1.3 per cent in June compared with a year earlier to $691,643. There were 47,871 home sales recorded last month, up from 46,237 in June 2024. Why the condo market is plummeting during a housing crisis 2 months ago The association said the recovery in sales activity over the past two months was led overwhelmingly by the Greater Toronto Area The number of newly listed properties throughout the country was down 2.9 per cent month-over-month from May. A total of 206,435 properties were listed for sale by the end of the month, up 11.4 per cent from a year earlier and just one per cent below the long-term average for this time of the year. "June's sales performance came in broadly as expected, with Canadian transactions continuing their gradual recovery from their early-year depths," said TD economist Marc Ercolao in a note. "We expect home sales will continue to rise in the second half of the year as pent-up demand continues to trickle into the market. That said, the sales level should remain subdued as economic uncertainty remains elevated, especially with Canada facing new tariff threats."
Globe and Mail
29 minutes ago
- Globe and Mail
New York State to Offer New Commercial EV Incentives in August; Perfect Time to Buy the Bollinger B4 All-Electric Truck
BREA, Calif., July 15, 2025 (GLOBE NEWSWIRE) -- via IBN -- Mullen Automotive, Inc. (NASDAQ: MULN) ('Mullen' or the 'Company'), an emerging electric vehicle ('EV') manufacturer, today announces its subsidiary, Bollinger Motors, reveals that August will be one of the best times to buy a commercial electric vehicle, as funding for state incentives in New York are set to be replenished, according to Bollinger Motors. The New York Truck Voucher Incentive Program ('NYTVIP') is a state incentive aimed to accelerate commercialization by providing point-of-sale vouchers to make advanced vehicles more affordable. The NYTVIP program can provide credits from $85,000 up to $144,000. Paired with the 45W federal tax credit — up to $40,000 for a Class 4 — and you've got unprecedented up-front affordability for commercial EVs. The federal tax credit will expire for any commercial electric vehicle delivered after September 30, 2025. 'The New York program is a model for how government incentives can stimulate the market for clean transportation,' said Jim Connelly, chief revenue officer for Bollinger Motors. 'Any company with sustainable transportation goals that wants to take advantage of this access to important incentives should act quickly. We anticipate demand for program funds will be high and they could be gone again in a matter of weeks.' Connelly urged companies to prepare purchase orders in July so they can be at the front of the line when the programs reopen in August. Bollinger Motors' commercial Class 4 all-electric truck, the Bollinger B4, is a prime example of a vehicle supported by programs such as HVIP and NYTVIP. The Bollinger B4 Chassis Cab is an all-new, all-electric Class 4 commercial truck designed from the ground up with extensive fleet and upfitter input. Bollinger's unique chassis design protects the 158-kWh battery pack and components to offer unparalleled capability and safety in the commercial market. The B4 also has been designed with exceptional driving characteristics. The company's patented Quad Bend frame construction allowed for the battery pack to be housed inside the frame wells, while tapering toward the cab to allow tighter turning radius for the vehicle's tires. The vehicle's powerful pickup, combined with its tight turning radius, makes the B4 a versatile truck for multiple urban use cases. About Bollinger Motors Founded in 2015, Bollinger Motors, Inc. is a U.S.-based company headquartered in Oak Park, Michigan. Bollinger Motors is producing and selling its all-electric commercial Class 4 chassis cab truck. In September of 2022, Bollinger Motors became a majority-owned company of Mullen Automotive, Inc. (NASDAQ: MULN). Learn more at About Mullen Mullen Automotive (NASDAQ: MULN) is a Southern California-based automotive company building the next generation of commercial electric vehicles ('EVs') with two United States-based vehicle plants located in Tunica, Mississippi, (120,000 square feet) and Mishawaka, Indiana (650,000 square feet). In August 2023, Mullen began commercial vehicle production in Tunica. As of January 2024, both the Mullen ONE, a Class 1 EV cargo van, and Mullen THREE, a Class 3 EV cab chassis truck, are California Air Resource Board ('CARB') and EPA certified and available for sale in the U.S. The Company's commercial dealer network consists of seven dealers, which includes Papé Kenworth, Pritchard EV, National Auto Fleet Group, Ziegler Truck Group, Range Truck Group, Eco Auto, and Randy Marion Auto Group, providing sales and service coverage in key West Coast, Midwest, Pacific Northwest, New England, and Mid-Atlantic markets. In September 2022, Bollinger Motors, of Oak Park, Michigan, became a majority-owned EV truck company of Mullen Automotive. Bollinger Motors has passed numerous milestones including its B4, Class 4 electric truck production launch on Sept. 16, 2024, and the development of a world-class dealer network with over 50 locations across the United States for sales and service support. To learn more about the Company, visit Forward-Looking Statements Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Words such as "continue," "will," "may," "could," "should," "expect," "expected," "plans," "intend," "anticipate," "believe," "estimate," "predict," "potential" and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Mullen and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to, how long the NYTVIP incentive and other government incentives will be available and the net pricing impact of these programs on Bollinger's vehicles. Additional examples of such risks and uncertainties include but are not limited to: (i) Mullen's ability (or inability) to obtain additional financing in sufficient amounts or on acceptable terms when needed; (ii) Mullen's ability to maintain existing, and secure additional, contracts with manufacturers, parts and other service providers relating to its business; (iii) Mullen's ability to successfully expand in existing markets and enter new markets; (iv) Mullen's ability to successfully manage and integrate any acquisitions of businesses, solutions or technologies; (v) unanticipated operating costs, transaction costs and actual or contingent liabilities; (vi) the ability to attract and retain qualified employees and key personnel; (vii) adverse effects of increased competition on Mullen's business; (viii) changes in government licensing and regulation that may adversely affect Mullen's business; (ix) the risk that changes in consumer behavior could adversely affect Mullen's business; (x) Mullen's ability to protect its intellectual property; and (xi) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed by Mullen with the Securities and Exchange Commission. Mullen anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. Mullen assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Mullen's plans and expectations as of any subsequent date. Mullen Automotive Contact: Bollinger Media Contact: Mike DeVilling, (248) 875-4207, mdevilling@ Corporate Communications IBN Austin, Texas 512.354.7000 Office
Globe and Mail
30 minutes ago
- Globe and Mail
F12.net Acquires AMTRA Solutions, Deepening Microsoft Cloud and AI Expertise for Canadian Mid-Market Businesses
EDMONTON and CALGARY, AB, July 15, 2025 /CNW/ - a leading Canadian Managed IT and Cyber Security provider, today announced the acquisition of AMTRA Solutions, a highly respected Microsoft technology partner with deep expertise in Microsoft Azure, Modern Work, and AI solutions.
