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The Bank of Canada recently announced a cut to the overnight rate recently from 1% down to .75%. This can be seen as a proactive approach to protect the Canadian economy from the potential risks due to lower oil prices. Here’s what this cut to the overnight rate might mean to you. The 5 year […]
Capital investment in the multi-family real estate sector totaled $10.1 billion in 2013, according to a report released by the Real Property Association of Canada (REALpac) titled "The Contribution of the Multi-Family Real Estate Sector to the Canadian Economy". Some $2.9 billion was spent on new buildings, with the rest ($7.2 billion) invested in capital […]
A poll conducted by Nielsen finds that two-thirds (65 per cent) of Canadians are entering the new year feeling confident they will reach their financial goals, a decline from the same poll last year (76 per cent), and the lowest number in five years. Canadians aged 45 and up accounted for most of the decline, […]
A new survey released by the Independent Contractors and Businesses Association of B.C. (ICBA) reveals that B.C.'s open shop construction companies expect 2015 to be even busier than 2014. "This is welcome news because the construction industry is a strong indicator for the rest of the economy," said Philip Hochstein, president, ICBA. "If our guys […]
Manulife Asset Management has issued its annual "Year Ahead" report, which highlights monetary policy divergence, the need for structural reform in many economies, declining oil prices and a strengthening U.S. dollar as key topics of interest to investors in 2015. Drawing together the individual views from Manulife Asset Management's investment and economic teams on the […]
According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity was unchanged on a month-over-month basis in November 2014. Highlights: • National home sales were unchanged from October to November. • Actual (not seasonally adjusted) activity stood 2.7% above November 2013 levels. • The number of newly listed homes […]
The total value of building permits was $7.5 billion in October, edging up 0.7% from September. The increase came mainly from higher construction intentions in British Columbia, Alberta and Saskatchewan. The value of non-residential building permits increased 2.4% from the previous month to $3.1 billion in October. Gains were posted in five provinces, led by British Columbia, followed by […]
