The Toronto region’s resilient housing market helped fuel strong sales and price growth in markets across Southern Ontario in June as home buyers in the GTA looked for more affordable properties.
| The region shook off policy changes meant to cool overheated housing markets, but sales continued to languish in many areas of Western Canada.
| Economic and employment growth have provided a base of support for improving home sales from the Toronto region southward, including the Niagara area and the southwest through Kitchener, London and Windsor, according to new data from the Canadian Real Estate Association.
|  | | | | New - We now have a Breaking News newsletter, sent by editors for the most important news of the day. Sign up today. | | | | | | More stories below advertisement | | | | Michael Babad's Business Briefing | | | | Joan Larrea is the CEO of Convergence, a global network for blended finance. Justice Johnston is a senior associate at Convergence.
| What’s the price tag for a world that is economically prosperous, environmentally secure and socially fair? The United Nations estimates it’s around US$4-trillion a year.
| The UN Sustainable Development Goals (SDGs) provide a road map to such a world. However, to achieve the SDGs in developing countries by 2030, almost US$4-trillion per annum is needed – much more than the current aggregate SDG-focused funding of US$1.5-trillion annually from domestic and international sources, including official development assistance from governments and philanthropic donations. The financing gap is particularly acute in the least developed countries (LDCs), which exhibit the lowest indicators of socio-economic development.
| To close this funding gap, the global development community has been exploring ways to leverage the expertise and resources of the private sector. The private sector has long played an integral role in economic development and poverty reduction. It is responsible for creating almost 90 per cent of jobs in the developing world, as well as facilitating important technological innovation and the distribution of goods and services. Global capital markets hold more than $200-trillion in assets, and an allocation of just 1 per cent of these assets toward the SDGs would go a long way.
| However, private investors face a number of barriers in developing countries, including high perceived and real risks and poor returns for those risks.
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Southern Ontario housing market sees strong growth, while sales still languish in parts of Western Canada
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