Real Estate

Bank of Canada Survey Says Canadian Businesses are Optimistic

Shoppers

A new Bank of Canada poll suggested Monday that companies are optimistic about the year ahead — especially when it comes to sales growth, foreign demand and their investment plans.

The quarterly survey was conducted between mid-August and mid-September — before Canada agreed to an updated North American free trade deal that has alleviated some of the economic uncertainty.

The upbeat results were released a little over a week before the Bank of Canada’s next policy decision, which is widely expected to produce another interest rate…Click for full article

Bank of Canada Survey Says Canadian Businesses are Optimistic

Shoppers

A new Bank of Canada poll suggested Monday that companies are optimistic about the year ahead — especially when it comes to sales growth, foreign demand and their investment plans.

The quarterly survey was conducted between mid-August and mid-September — before Canada agreed to an updated North American free trade deal that has alleviated some of the economic uncertainty.

The upbeat results were released a little over a week before the Bank of Canada’s next policy decision, which is widely expected to produce another interest rate…Click for full article

The Most Splendid Housing Bubbles in America

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Home prices in the US surged 6.0% in July compared to a year ago (not seasonally-adjusted), and 0.4% compared to June, according to the S&P CoreLogic Case-Shiller National Home Price Index released this morning. The index is now 11.2% above the July 2006 peak of the first housing bubble in this millennium, “Housing Bubble 1,” which was called a “healthy” housing market during it, and was called “bubble” and “unsustainable” only after its collapse. However, collective memory changes, and now, this peak of the collapsed bubble has become the new-normal base of what is once again a “healthy” housing market. The index has surged 53% from the bottom of “Housing Bust 1”. CLICK for complete article

The Most Splendid Housing Bubbles in America

graph

Home prices in the US surged 6.0% in July compared to a year ago (not seasonally-adjusted), and 0.4% compared to June, according to the S&P CoreLogic Case-Shiller National Home Price Index released this morning. The index is now 11.2% above the July 2006 peak of the first housing bubble in this millennium, “Housing Bubble 1,” which was called a “healthy” housing market during it, and was called “bubble” and “unsustainable” only after its collapse. However, collective memory changes, and now, this peak of the collapsed bubble has become the new-normal base of what is once again a “healthy” housing market. The index has surged 53% from the bottom of “Housing Bust 1”. CLICK for complete article

How Millennials Are Shifting the Housing Market

moneyhouse

It’s tough being a millennial. Millennials are accused of killing entire industries: casual dining chains that should have been killed off by a prior generation, beer (sez Goldman Sachs), napkins, homeownership, Harley Davidson, banks, diamonds, and brick-and-mortar retailers. OK, things change. But there’s one thing the largest US generation ever is not killing off: urban centers. They’re flocking to them, in some case they’re gentrifying them – for better or worse – and they’re often paying sky-high rents…. CLICK for complete article

Buyer Beware: Hefty Tax Bills Purchasing From a Non-Resident

anothersold

If you’re buying a house or condo and you suspect that the current owner from whom you are purchasing the property is a non-resident of Canada, you could be personally liable for the vendor’s Canadian capital gains tax if you don’t take certain precautions.

Indeed, this is precisely what happened in a recent tax case decided this summer… CLICK for complete article