Loan-to-value restrictions will be brought back next year as both the Reserve Bank and the Government trade blame over who should do more to rein in soaring house prices.
Read more: https://bit.ly/2J91TuX
Monthly Archives: November 2020
Another record low mortgage rate causes mortgage demand to rise
Mortgage rates have hit new record lows more than a dozen times this year, which caused mortgage demand to rise again last week. CNBC’s Diana Olick reports.
Video: https://cnb.cx/33iGgz3
Fast-track apartments may leapfrog slow-moving council development
An apartment and retail development granted a fast-track planning process may overtake a similar-sized project that Auckland Council’s Panuku agency has struggled for years to get consented.
Read more: https://bit.ly/39dBsyE
Housing in Reserve Bank remit would make negative interest rates less likely
A suggestion that the Reserve Bank could have its remit changed to consider house price stability makes it less likely the official cash rate will slip below zero next year, economists say.
Read more: https://bit.ly/2Kxil8t
A Rare Piece Of Positive Oil Pipeline News For Canada
Enbridge is moving closer to potentially beginning construction in the United States on the replacement of Line 3. This replacement is designed to carry increased volumes of Canadian crude oil to the US market after the U.S. Army Corps of Engineers announced approvals of federal permits for the project.
Read more: https://bit.ly/2J6zJjO
Fossil fuels to decline but remain big player in Canada’s energy use by 2050: report
The Canada Energy Regulator says reaching net-zero emissions over the next 30 years will to require a much more aggressive transition away from oil and gas.
Read more: https://bit.ly/3611GCx
Forecasted deficit shrinks slightly since Q1, Alberta still facing $21.3B hole
CALGARY — The Alberta Government’s second-quarter fiscal update shows a slightly smaller projected deficit than presented in August, but the province is still facing down a $21.3-billion hole and has no timeline for when the budget will be balanced.
Read more: https://bit.ly/3nUvcQu
Canadian business owners feel the sting of COVID
A new CIBC study finds that 68 per cent of Canadian business owners continue to feel the negative impacts of COVID-19, with 57 per cent believing businesses in their area are in crisis mode and 43 per cent believing businesses are in recovery mode.
Read more: https://bit.ly/36230oR
Twinning of Hwy. 11 to see roundabouts at Sylvan Lake, Benalto and Eckville intersections
With the twinning of Highway 11 from Sylvan Lake to Rocky Mountain House, the Province is planning five roundabout intersections at problematic intersections.
Read more: https://bit.ly/2UYlDDQ
Suncor’s plan to become Syncrude main operator will include job cuts
The oilsands will see more job cuts after Suncor announced plans to become the main operator of Syncrude by the end of 2021.
Read more: https://bit.ly/37kX0an