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developers

Members of the RCMP return from a boat patrol of a flooded neighbourhood in High River, Alta., on July 4, 2013. THE CANADIAN PRESS/Jeff McIntosh Timothy J. Haney, Mount Royal UniversityLike many residents living near Calgary’s…

Real Estate

Bank of Canada deputy says households may be more impacted by rise in interest rates

The Canadian Press Nov 24, 2021

OTTAWA – A senior official at the Bank of Canada says the number of highly indebted households appears to be back on the rise as pandemic aid from governments winds down.In a speech to a conference held by the Ontario Securities…

Real Estate

End of quantitative easing shadows Liberals’ consultation on managing federal debt

Jordan Press – THE CANADIAN PRESS Nov 1, 2021

OTTAWA – The Bank of Canada's move to end its pandemic-driven purchases of government bonds to stimulate the economy, and warnings of rate hikes sooner than previously expected, has coloured federal efforts to craft an annual plan to…

Real Estate

Bank of Canada warns on prolonged inflation, ends bond buying program

Jordan Press – THE CANADIAN PRESS Oct 27, 2021

OTTAWA – The Bank of Canada is warning inflation will stay higher for longer than it previously forecast and signalled that an interest rate hike may be coming sooner than expected.The central bank said Wednesday it now forecasts…

Real Estate

Nova Scotia eyeing taxes for homebuyers coming from outside the province

Tara Deschamps – THE CANADIAN PRESS Oct 25, 2021

Buying a home in Nova Scotia may soon be more expensive for people from outside the province.Premier Tim Houston has instructed Finance Minister Allan MacMaster to implement a deed transfer tax on any property purchased by individuals…

Real Estate

Annual inflation rate hits 4.4 per cent in September, Statistics Canada says

Jordan Press – THE CANADIAN PRESS Oct 20, 2021

OTTAWA – The cost to put food on the table and gasoline in the car pushed up the cost of living in September, lifting the annual pace of price increases to a near two-decade high with no clear end in sight to the elevated readings.…

Construction

Latest Crane Index sees Toronto increase, Calgary drop slighlty

Building Oct 13, 2021

International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its latest Crane Index and Quarterly Cost Report. Together, the two documents provide a perspective on the North American construction…

Construction

Residential construction continues to slow following April peak: StatsCan

Building Oct 13, 2021

According to Statistics Canada, residential construction investment decreased 2.9% in August, with declines posted in every province except for a slight increase in Nova Scotia.Investment in single family homes was down 2.6% to $7.0…

Real Estate

Durham Region to take Brock to court regarding housing project delay

Dan Cearns, Local Journalism Initiative Reporter, The Standard Newspaper Oct 13, 2021

THE STANDARD NEWSPAPERBROCK: The Region of Durham is taking the Township of Brock to court over the dispute regarding the Beaverton supportive housing project.In a recent press release, the Township advised residents the Region…

Real Estate

Nova Scotia throne speech talks health care reforms, but says little on housing

Keith Doucette – THE CANADIAN PRESS Oct 13, 2021

HALIFAX – Nova Scotia's new government said Tuesday finding solutions for the province's ailing health system is its top priority, but opposition parties said the Progressive Conservatives should also be focused on housing.Lt.-Gov.…

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