More economists are coming around to the view the Bank of Canada will have to cut rates this year, with a move as early as September looking increasingly possible.
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Category Archives: Canada
iBuyers move into Canadian market
The real estate industry is facing plenty of disruption these days because of technology and innovative ways of doing business. The initiative getting the most buzz is the iBuyer, which has been well-established in the United States by firms such as Zillow and Opendoor.
Read more: https://bit.ly/31MKZWz
Pattie Lovett-Reid: ‘Lingering’ is the hot term in retirement planning
Retirement planning is serious business and here’s why: While many find themselves “lingering” or living longer than they ever thought they would, some people have been left to wonder if they’re at risk of running out of money. The result is that “lingering” is becoming a hot term in the financial industry – and planning to the age of 100 is starting to become the norm.
Read more: https://bit.ly/2Z2NPd0
Grocery stores can serve as the anchors for reimagined urban village hubs
Greater Vancouver developers are investing billions of dollars in the redevelopment of old shopping centres. The focus is on repurposing them into a multi-use villages where people can live, play and work — not just shop.
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The bright spot in Canada’s oil sector that investors often overlook
WINNIPEG/CALGARY — A recent unsolicited bid for Inter Pipeline Ltd. has highlighted the potential of Canada’s midstream companies to offer insulation from volatile oil prices.
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August 2019 Canadian Rent Report
Overall, 5 cities experienced an upward trend last month, 4 downward, and 15 remained stable. Similar to the previous month’s report, more than half of the total markets were flat, which is surprising since it is hot moving season right now. Meanwhile, year over year growth rates told a different story as 11 cities experienced large, double digit growth rates. This suggests that while the Canadian market overall has gotten much more expensive in the past year, it seems either a price ceiling may have been hit in a lot of these cities, since they aren’t growing as much month on month, or the demand is is finally beginning to taper off.
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Canada mostly successful in managing economic immigration: OECD
OTTAWA — An international review of Canada’s economic immigration system suggests the country is doing well when it comes to how it selects and welcomes foreign workers.
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Brookfield buying controlling stake in Genworth MI Canada for $2.4B
Brookfield Business Partners L.P. has agreed to buy majority control of Genworth MI Canada Inc., one of the country’s largest mortgage insurers.
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Oil/gas provinces dominate Canadian labour productivity
Alberta had the second highest level of labour productivity in 2018 among the provinces ($78.50 per hour) after Saskatchewan ($79.90) and just ahead of Newfoundland and Labrador ($76.90), according to ATB Financial’s Economics & Research Team.
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Developers can’t get enough of Canada’s new loans to build rental housing
Prime Minister Justin Trudeau has ramped up loans to boost rental housing in Canada and developers are snapping them up.
Read more: https://bit.ly/2MaruU6