Tag Archives: report

No U.S.-style housing crash for Canada: report

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While many concerns stem from the Canadian housing market, it will not see an American-style crash, a new Canadian Imperial Bank of Commerce report says.

House prices will likely fall north of the border in the next year or two, but a number of factors are likely to mitigate the impact on borrowers and the broader economy here, it suggests. It forecasts that the Canadian market will likely go through a soft landing, which is exactly what policy makers in Ottawa are hoping.

Read more: http://tinyurl.com/9nrv6zr

Council to hear report about bridge possibility

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It cost the railway $1.33 million – 105 years ago – to build Lethbridge’s iconic bridge.

To add a second landmark, one that city residents could actually walk or cycle across, would cost at least $60 million.

That’s the forecast cost of a level “bank to bank” crossing, taking the shortest route across the Oldman River. Building at a wider point could cost $95 million.

Those are the figures from a bridge engineer, included in a report city council will review today. They come in response to a proposal earlier this year, suggesting the city could secure federal funding to build a “signature” crossing as part of the nation’s 150th birthday celebrations in 2017.

Read more: http://tinyurl.com/bylhv3p