Canada election: Polls now closed across most of the country
Polls across most of the nation are now closed after a short, intense election campaign.
Canadians are choosing who will be next to lead the country through economic and diplomatic turmoil, especially with the United States.
The Conservatives have seen encouraging numbers as early results trickle in from Atlantic Canada.
A party needs to win 172 seats to form a majority government.
If you're looking for our map with riding-by-riding counts, check cbc.ca/results.
CBC News is live now with special coverage.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Vancouver Sun
21 minutes ago
- Vancouver Sun
Canada's housing crisis calls for more than ‘cranes on the skyline'
This week three of four Canadians declared they have no confidence in Prime Minister Mark Carney's ideas for solving the country's housing affordability crisis. Like most premiers and mayors, Carney is promising to 'build, baby, build' to stimulate a record amount of housing construction. But Angus Reid Institute polling suggests the public is more than skeptical, perhaps in despair. While voters understandably get lost in the complexities of solving a house-price catastrophe that sees average prices at a ridiculous $1.2 million in Greater Vancouver and $1.1 million in Toronto, at least one veteran housing analyst is making a clear and devastating case that Canada's dilemma is being significantly fanned by a wave of investors. Stay on top of the latest real estate news and home design trends. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Westcoast Homes will soon be in your inbox. Please try again Interested in more newsletters? Browse here. John Pasalis, author of a new report titled The Great Sell Off: How Our Homes Became Someone Else's Business , says politicians are abandoning people who want to live in their homes, and they're selling a generation of voters a 'fantasy' that their worn ideas will lead to affordability, he writes. 'As long as politicians and housing economists insist that 'more supply' is the only solution — ignoring the financial dynamics driving demand from investors — we will continue to fall short. This is not just a supply problem. It's a financialization problem, and solving it requires more than cranes on the skyline,' writes Pasalis, president of Realosophy. 'We are at a crossroads. For too long, we've operated under the assumption that today's housing market is simply a more expensive version of the one our parents knew. It isn't. We are living through a paradigm shift — one in which homes are no longer primarily bought by local families, but by global investors. Housing has become a financial asset unbound from local incomes, and policy has yet to catch up.' Last year 30 per cent of all homes in Canada were owned by investors —domestic and foreign — who buy properties they don't intend to occupy. That's a 50-per cent jump in 10 years. In B.C., an incredible half of all condos built in the past decade have been snapped up by investors. In Ontario, the proportion is 57 per cent. Pasalis says government policies are largely to blame. The frenzy of investment is forging two big problems. First, it's excluding younger generations from home ownership. Second, it's creating a bizarre economy where investment money passively goes into hoarding homes, rather than into business innovation and creating good jobs. Who are the investors? The answer may hit close to home for many readers. As opposed to 'end users' who live in the dwellings they buy, Pasalis says there is a tremendous range of investors. 'From a family purchasing a home near a university for their child — renting it out when it's not in use — to foreign investors buying condo units on speculation, and billion-dollar corporations acquiring low-rise houses to rent out in communities across Canada and the U.S. — all fall under the broad category of investors.' Alas, most politicians show no interest in curtailing this giant cohort. One reason may be that many politicians are themselves investors: A study in 2023 found almost two in five federal MPs are real estate financiers or landlords . We don't know if Carney owns investment property because he's not making public his personal assets , which he says are in a blind trust. Also, most politicians rely heavily on property developers for donations. Carney, for instance, took part in a Liberal party fundraiser in Vancouver in February that included a who's who of B.C. property developers. 'Canada has built an economy where the best way to get rich isn't to invent, create or build anything, it's to own homes and wait for prices to rise,' says Pasalis. That means the usual free-market belief that increasing supply to meet demand will eventually lower prices does not stand up in regard to houses. That's because homes are not like manufactured widgets, such as vacuum cleaners. One big difference with widgets, says Pasalis, is housing is a 'human necessity.' The other is that widgets, once bought, go down in price. Homes tend to appreciate. Pasalis describes how an affordable house used to be one that costs four times a household's annual income. Now, in Toronto the actual ratio is a grim 10 to one. In Vancouver it's a destructive 12 to one. As if that isn't bad enough, the industry's addiction to investors is causing the wrong kinds of homes to be built. 'Investors tend to drive up condo prices beyond what they would be in a more balanced market because of their better access to capital than end users,' says Pasalis, noting that global access to wealth, credit and leverage for some is almost limitless. 'Equally as important, investors have come to shape the projects that developers build — small units that offer the highest returns.' Metro Vancouver and Toronto offer prime examples of this problem — with their flood of tiny new apartments in towers, which can most easily be rented. It would be better if developers built more medium-rise, three-bedroom dwellings suitable for young families. What can governments do to help so many who are frozen out of the market — especially the almost three in five young and middle-aged adults who told a TD Bank survey they feel buying a home is unattainable? Reducing record population growth is one thing. But the best way to fight investment mania is to make it less lucrative, says Pasalis. One of Pasalis's ideas (there are many in his clearly written 82-page report) is to hike taxes on the way investors profit from their dwelling's increasing value, referred to as capital gains. 'Today, capital gains from real estate are taxed at a lower rate than income,' Pasalis says. 'The solution is to remove this preferential tax treatment and tax any capital gains from single-family homes used as investment properties at the same rate as income.' Such a tax reform would not be meant to be a punishment, but a realignment of incentives, says Pasalis. Developers and most politicians will no doubt protest. Yet Pasalis is dead-on that Canada is going through a housing paradigm shift— and revolutionary new solutions must be attempted. dtodd@
Toronto Star
an hour ago
- Toronto Star
Insiders say Mark Carney could compromise on emissions cap
OTTAWA — Prime Minister Mark Carney's government might weaken or cancel the incoming oil and gas emissions cap if a group of fossil fuel companies builds a planned $16.5 billion carbon capture megaproject for Alberta's oilsands, three federal government sources told the Star. Hailed under former prime minister Justin Trudeau's leadership as a marquee plank of the Liberal government's climate action plan, the proposed emissions cap is also politically contentious, with staunch opposition from federal Conservatives, the Alberta government, and oil and gas businesses.
Edmonton Journal
2 hours ago
- Edmonton Journal
'Forget about the past': Fans weigh in on criticism of Wayne Gretzky over Trump ties
Gretzky, the Ontario-born hockey star who led the Oilers to four Stanley Cup victories in the 1980s, recently drew the ire of Canadians for his public support of Trump, who has repeatedly expressed his desire for Canada to join the U.S and become its 51st state Published Jun 06, 2025 • 3 minute read Former NHL player Wayne Gretzky and his wife Janet Jones arrive for the Inauguration of Donald J. Trump in the U.S. Capitol Rotunda on January 20, 2025 in Washington, DC. Donald Trump takes office for his second term as the 47th president of the United States. Photo by Pool / Getty Images EDMONTON— It wasn't long ago that some Canadians were up in arms about hockey legend Wayne Gretzky's ties to U.S. President Donald Trump's administration. But as the Edmonton Oilers skate their way through the Stanley Cup final, hockey fans say it's time to let bygones be bygones. 'I don't think it matters,' said Craig Hiscock, a longtime Oilers fan, as he posed Wednesday for a photo with a statue of Gretzky outside Rogers Place in Edmonton ahead of Game 1. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by David Staples, Keith Gerein and others, Oilers news from Cult of Hockey, Ask EJ Anything features, the Noon News Roundup and Under the Dome newsletters. Unlimited online access to Edmonton Journal and 15 news sites with one account. Edmonton Journal ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles by David Staples, Keith Gerein and others, Oilers news from Cult of Hockey, Ask EJ Anything features, the Noon News Roundup and Under the Dome newsletters. Unlimited online access to Edmonton Journal and 15 news sites with one account. Edmonton Journal ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors 'Let's forget about the past. What he did here was a lot for the city, a lot for hockey.' The statue was vandalized in March and smeared with what appeared to be and strongly smelled like feces. On Wednesday, a hip-high metal fence was up around the bronze figure. An online petition started in February calling for a new name for Wayne Gretzky Drive also has about 14,000 signatures. Gretzky, the Ontario-born hockey star who led the Oilers to four Stanley Cup victories in the 1980s, recently drew the ire of Canadians for his public support of Trump, who has repeatedly expressed his desire for Canada to join the U.S and become its 51st state. The Great One was photographed with Trump several times at the president's Mar-a-Lago resort in Florida. In January, Gretzky and his wife, Janet, attended Trump's inauguration in Washington. Frustrations grew after he appeared as honorary captain for Canada at the 4 Nations Face-Off final with the United States. Video footage showed him giving the U.S. team a thumbs-up as he walked to the ice. Essential Oilers news, insight, opinion and analysis. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. Gretzky also congratulated Dallas Stars players in their locker room last month, after they advanced to the Western Conference final. The Oilers eliminated the Stars in five games and now have one win against the Florida Panthers in the Cup final. Game 2 is Friday night. Brian Foulken, who became a fan during the Gretzky era and collects Oilers merchandise, said Gretzky's accomplishments, including multiple scoring records that stand to this day, still resonate with people. As for the criticism, Foulken said people are going to have their own opinions. 'At the end of the day, (Gretzky) played here for a long time. The diehard Oilers (fans), we love him,' he said outside the arena before Game 1. 'He's an amazing player.' Foulken added that current Oilers captain Connor McDavid is inching closer to Gretzky-level greatness. Darren Rogers, a Gretzky fan since the Oilers' inception into the NHL in 1979, said Gretzky's leadership led the team to win multiple Stanley Cups. This advertisement has not loaded yet, but your article continues below. Politics aside, that accomplishment should matter more to people in the grand scheme of things, Rogers said. Gretzky was in Edmonton for Wednesday's game. And as storied as Gretzky is to the Oilers franchise, he appeared to still be catching up to this new generation's fan base. On an American sports network, he sat side by side with commentators, as they discussed the Oilers' new tradition of playing the pop song 'Pink Pony Club.' Players have been tight-lipped about the significance of the Chappell Roan hit, typically heard after the team plays 'La Bamba' by Los Lobos following a win. 'Pink Pony — is that a band or is that a song?' the 64-year-old Gretzky asked TNT Sports co-host Paul Bissonnette following the Oilers' 4-3 overtime victory in Game 1. '(Roan) sings a song, 'Pink Pony Club,' and it's famous. It's on the radio,' Bissonnette answered. 'It's the new generation, Wayne,' he added. Gretzky appeared disappointed to learn Roan isn't Canadian, but still seemed eager to check out the song. 'I gotta get that (as) my ringtone,' Gretzky said. Read More Cult of Hockey Cult of Hockey Sports Cult of Hockey Local News
