The Canadian economy accelerated in the second quarter as the nation benefited from surging commodity prices and got a boost from the lifting of COVID lockdowns, though signs are emerging the momentum is waning.
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Monthly Archives: August 2022
Alberta’s fiscal update confirms $13.2 billion surplus, income tax re-indexed but not AISH
The Alberta government released its first quarter fiscal update on Wednesday, confirming that high resource revenues mean a jump in the expected surplus. But while the windfall means Alberta will go back to indexing personal income tax rates, similar changes are not on the books for supports for seniors or AISH.
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Resident concerns addressed in proposed changes to Timber Ridge Neighbourhood Area Structure Plan
Red Deer residents have been listened to as proposed changes to the Timber Ridge Neighbourhood Area Structure Plan (NASP) have been adjusted, in accordance with concerns raised.
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Commercial recycler concerned about City’s mandatory program
Public engagement will begin early next year with business owners about the city’s mandatory recycling and organics program.
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More GTA homebuyers turning to private lenders. Here’s what you need to know
With a housing market that’s pricing out many in the Greater Toronto Area and stricter mortgage rules in Canada, private lending is becoming more popular among those looking to secure loans to buy a home — but experts warn there are risks involved.
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China’s real estate slump crimps earnings at China Resources Land, China Overseas Land and other developers
China’s real estate slump has crimped the earnings of some of the world’s largest property developers, adding to the woes of an industry that is grappling with high debt, declining sales, pockets of mortgage revolt and shrinking confidence.
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The state of the UK’s commercial real estate debt market
The world’s major lenders into commercial real estate are being forced to reconsider their exposure to risk as a result of the fast-moving geopolitical landscape.
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Is UK real estate heading back to the 1970s?
In the last few months, the UK has echoed the 1970s in a surprising number of ways. Some fun, many less so.
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Buying a house is not that much more affordable – except in a few affluent pockets
Housing affordability has barely improved despite the property market downturn, although a handful of affluent areas are the exceptions, new research reveals.
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We’re halfway through biggest house price drop in decades: ASB
New Zealand is probably just over halfway through one of the biggest drops in nominal house prices that the country has ever seen, ASB says.
Read more: https://bit.ly/3cALcr6