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The non-residential leasing industry reported $45.4 billion in operating revenue and $30.0 billion in operating expenditures in 2013, resulting in an operating profit margin of 33.9%. Ontario had the largest share of operating revenue, accounting for 42.0%, followed by Quebec (17.6%) and Alberta (15.9%). Lessors of residential buildings and dwellings generated $35.4 billion in operating revenue in 2013, while they reported $23.2 billion […]
The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations for 2015 and 2016. Since CREA’s forecast published in June, the outlook for oil and other natural resource commodities has deteriorated. As a result, the economic and […]
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Inflation has evolved in line with the outlook in the Bank’s July Monetary Policy Report (MPR). Total CPI inflation remains near the bottom […]
When buying a resale home, many prospective buyers hire a home inspector. It's not a requirement of course, but it makes sense. Why not check under the hood before spending all that money? When buying a new home from a builder things are very different. Often there is no house to inspect. There may not […]
Check out this one from Ghirardelli chocolate! Torte: 6 ounces Ghirardelli 60% Cacao Bittersweet Chocolate baking bar, broken or chopped into 1-inch pieces 1 tablespoon instant freeze-dried coffee 3 tablespoons boiling water 6 large eggs, separated 2/3 cup granulated white sugar 1/4 teaspoon salt Frosting: 4 ounces Ghirardelli Milk Chocolate baking bar, broken or chopped […]
Highlights: • National home sales edged back by 0.4% from June to July. • Actual (not seasonally adjusted) activity stood 3.4% above July 2014 levels. • The number of newly listed homes edged up 0.2 per cent from June to July. • The Canadian housing market remains balanced overall. • The MLS® Home Price Index (HPI) rose 5.9% year-over-year in […]
In July the Teranet–National Bank National Composite House Price Index™ was up 1.2% from the previous month, a seventh consecutive monthly increase. The rise exceeded the 14-year July average of 1.0%. Prices were up on the month in six of the 11 metropolitan markets surveyed – 2.7% in Hamilton, 2.4% in Toronto, 2.3% in Ottawa-Gatineau, […]
