Trade figures, housing starts and prices to headline economic news
The impact of the high-flying loonie, which broke above parity with the U.S. greenback on Friday, is expected to make its mark on Canada’s trade figures this coming Wednesday.
Category: News
Canada building permits soar on single-family units
The value of Canadian building permits issued in September soared 15.3 percent from August, well above market expectations, on both residential and nonresidential building intentions, Statistics Canada data showed on Friday.
Slow but steady growth driving 2011 real estate market
Vancouver has been “bumped†from its spot as Canada’s top real estate market, but that does not mean it is in a slump.
Home sales remain steady in Greater Vancouver
Greater Vancouver home sales have remained steady over the past four months, indicating stability in the residential housing market. With the MLS® sales to active listing inventory ratio indicating a buyers’ market, properties appropriately priced are selling.
Housing correction? Maybe – but not a major decline
It is no secret that Bank of Canada governor Mark Carney is concerned about a potential decline in home prices. However, cycles of declining home prices are far from unusual in Canada.
B.C. Economic Forecast 2010 – 2013
B.C.’s economic growth will slow during 2011 in sync with the global economic slowdown, the winding down of fiscal stimulus, and a weaker comparison to the 2010 Winter Olympic boost.
Office space making a comeback in Vancouver’s core
In a sign of downtown development roaring back to life, B.C.’s wealthiest businessman announced Tuesday plans for a half-billion-dollar development at the city entrance on Burrard.
Rapid transit for UBC has priority over Surrey’s
The push for rapid transit to the University of B.C. is heating up, with the Alma Mater Society urging Metro Vancouver to make the issue an “urgent priority.â€
Society president Bijan Ahmadian has sent a letter to the regional district saying rapid transit to UBC should be considered as “equally urgent†as that for south of Fraser communities in Metro Vancouver’s draft regional growth strategy.
Household debt to outpace income
When interest rates rise, 10 per cent of Canadian households could be in financial trouble, according to a TD Economics study.