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Canadian home sales dip in January
According to statistics released by The Canadian Real Estate Association (CREA), national home sales activity was down on a month-over-month basis in January 2015. Highlights: National home sales fell 3.1% from December to January. Actual (not seasonally adjusted) activity stood 2.0% below January 2014 levels. The number of newly listed homes rose 0.7% from December […]
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Home Buying costs you don't know about
If you are buying your first home, chances are you are stretching your savings to the max.  Depending on your situation, you may have some other initial expenses to consider: Moving expenses Whether you’ll be hiring a moving company or renting a truck and asking friends for help, there are likely to be moving expenses. […]
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Action Canada taskforce releases report on innovative finance for urban spaces and places
Five Fellows in the Action Canada leadership development program will release a policy report on innovative finance for urban spaces and places. Action Canada's 2014-2015 theme focuses on Canadian cities. Urban public spaces - such as streetscapes, parks, bike paths and green spaces - enhance a city's quality of life and competitiveness by attracting the […]
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How the BoC overnight rate cut affects homeowners
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 […]
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Multi-Family Real Estate Sector Contributes $24 Billion to Canadian Economy, Supports 140,100 Jobs
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 […]
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Entering 2015, personal financial confidence takes a hit
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, […]
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Busy year ahead for B.C.'s construction industry
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 […]
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