The Bank of Canada has kept its benchmark lending rate unchanged at one per cent again, the same level it has been at for three and a half years.
Read more: http://tinyurl.com/kmlbtg5
Tag Archives: interest
Parkland aerodrome owners ordered to address “public interest”
The owners of land intended to become an aerodrome in southeast Parkland County have been ordered by Transport Canada to conduct research and consultation on the potential effects of their plans on the surrounding community and environment.
Read more: http://tinyurl.com/mod269o
Bank of Canada holds rate steady as Carney exits
The Bank of Canada held its benchmark interest rate steady at one per cent today, the last policy decision the bank will make before governor Mark Carney leaves to head the Bank of England.
Read more: http://tinyurl.com/ns6xlyh
Poll: Canuck interest in U.S. commercial grows
In a recent poll, 42 per cent of CREW readers said they were considering adding U.S. commercial real estate to their portfolio in 2013, a number that could rise following yesterday’s announcement that a Canada-based firm has entered Silicon Valley.
Read more: http://tinyurl.com/bnok7oq
Sturgeon industrial park draws significant interest.
STURGEON COUNTY – There may not be an upgrader alley in the offing, but corporate interest in the Sturgeon County area is just as keen was it was before the 2008 financial crisis, says the region’s economic development officer.
“We’ve seen a lot of interest in the Heartland and, frankly, I think it’s real exciting,” said Kyle Reiling.
Read more: http://tinyurl.com/b9ooala
Who Really Benefits From Interest Deductions
REAL estate and building industry groups have loudly condemned proposals by both presidential campaigns to shrink the mortgage interest deduction. Central to their arguments is the long-hallowed deduction’s value to the middle class. But a closer look at who benefits suggests that this perception, though prevalent, is not accurate.
Read more: http://tinyurl.com/9qmaaqe
Bank of Canada’s Carney says rate hikes will be gradual
OTTAWA (Reuters) – The Bank of Canada will take care not to raise interest rates too rapidly when the time comes because of risks to the economy from challenges in the United States and Europe, Governor Mark Carney said in an interview released on Thursday.
Read more: http://tinyurl.com/8zcaksl
Unidentified company shows interest in old Walmart property
Although few details have been released, someone may soon buy and move into the former Walmart location.
The old Walmart store has sat vacant at the corner of Dunmore Road and the Trans-Canada Highway for about three years but that may soon change, a city official says. Someone came along in recent weeks and slapped ‘Pending’ signs on one of the two extra large ‘For Sale’ signs standing on the property.
Read more: http://tinyurl.com/9dy2h38
Capping Itemized Deductions IS Housing Policy
Trulia’s Chief Economist discusses why a low cap on itemized deductions would reduce homeownership benefits for the middle class. That’s because housing-related tax deductions, including home mortgage interest and real estate taxes, account for 49% of total itemized deductions, and for middle-income tax itemizers, 56% of deductions are housing-related.
Read more: http://tinyurl.com/8d7ddla