Andrea's Feed
Nov 9, 2015

Canada October housing starts slip from September -CMHC

TORONTO, Nov 9 (Reuters) – Canadian housing starts slipped
in October from a strong level in September, suggesting a
long-awaited slowdown in homebuilding may have begun, a report
from the national housing agency showed on Thursday.

The report from the Canadian Mortgage and Housing Corp
showed the seasonally adjusted annualized rate of housing starts
fell to 198,065 in October from an upwardly revised 231,304 in
September. Forecasters had expected 200,000 starts.

Oct 29, 2015

Canada housing agency sees overvaluation in most cities

TORONTO, Oct 29 (Reuters) – Canada’s housing market is
overvalued in most major cities, with prices in Toronto and
Vancouver accelerating faster than economic fundamentals, and
prices have remained high even in cities where the economy is
struggling, the federal housing agency said on Thursday.

In a report that highlights the nation’s uneven real estate
market, the Canada Mortgage and Housing Corp said there is
strong evidence of overvaluation in Toronto, the nation’s
largest market, while evidence of overvaluation in Vancouver has
ratcheted up to moderate from low three months ago.

Oct 20, 2015

Photos of shirtless, muscle-flexing new Canadian PM eclipse policy talk

TORONTO (Reuters) – The muscled, shirtless man stands facing the camera, fists up in a boxer’s pose, with a large tattoo of the Earth surrounded by a raven visible on his left shoulder. The photograph caused social media to swoon on Tuesday over Canada’s newly minted prime minister, Justin Trudeau.

The day after Trudeau’s stunning victory over Prime Minister Stephen Harper, the global focus was not on the Liberal leader’s promise to withdraw Canada from the combat mission against Islamic State, or his pledge to run a C$10 billion annual budget deficit for three years to invest in infrastructure, but on the apparently universal agreement that he was not just good looking, but model handsome.

Oct 15, 2015

Canadian home prices extend climb in September, but sales cool

TORONTO, Oct 15 (Reuters) – A prolonged housing boom in
Canada showed signs of slowing in September as home resales fell
from a month earlier, especially in the energy capital of
Calgary, even as low interest rates lifted national house

Canadian home prices rose 0.6 percent in September from
August, the ninth straight monthly increase, and were up a hefty
5.6 percent from a year earlier, the Teranet-National Bank
Composite House Price Index showed on Thursday.

Oct 8, 2015

Canada housing starts unexpectedly jump, new home prices gain

TORONTO, Oct 8 (Reuters) – Canadian housing starts surged
unexpectedly in September while new home prices also beat
forecasts in August, prolonging a housing boom in the country
despite signs of weakness in other parts of the economy.

Groundbreaking on new homes jumped to a seasonally adjusted
annual rate of 230,701 in September from a downwardly revised
214,255 in August, a report by the Canada Mortgage and Housing
Corp showed.

Oct 8, 2015

Actor Randy Quaid detained in Canada by border agents

TORONTO (Reuters) – U.S. actor Randy Quaid said on Wednesday he is being detained by Canadian border security and threatened with deportation because of confusion over a long-standing property dispute with California officials.

Quaid has been seeking permanent residency in Canada and has been living with his wife Evi, a dual Canadian-U.S. citizen, in Montreal for three years.

Sep 24, 2015

Toronto’s urban debris creates haven for flora, fauna and nature-lovers

TORONTO, Sept 24 (Reuters) – Like a rooftop garden in an
overcrowded financial district, Toronto’s Leslie Street Spit is
an unexpected urban oasis whose narrow escape from development
has brought marshes, lagoons and forests to the center of
Canada’s largest city.

Jutting into Lake Ontario just minutes from the worst of
Toronto traffic, the more formally named Tommy Thompson Park was
created over 60 years ago by the dumping of dredged sand,
concrete chunks and earth fill, expanding what was once just a
thin strip of land in the city’s busy harbor.

Sep 12, 2015

Canada’s Harper shifts to politics of fear amid refugee crisis: analysts

TORONTO (Reuters) – Canadian Prime Minister Stephen Harper, stung by criticism over his government’s slow response to the Syrian refugee crisis, shifted the focus of his re-election campaign to national security on Friday, a move analysts said brings the politics of fear to a deadlocked race.

Seeking a rare fourth term in office, Harper’s pivot just a month before the election positions his Conservative campaign squarely on national security and uncertain risks.

Sep 9, 2015

Canadian housing starts jump as Toronto condo building booms

TORONTO, Sept 9 (Reuters) – Canadian housing starts
unexpectedly jumped in August from July as condo building surged
to meet demand for lower-cost options in the nation’s hottest
market, extending a housing boom that is one of the few bright
spots in Canada’s otherwise tepid economy.

Wednesday’s report from the Canadian Mortgage and Housing
Corp showed the seasonally adjusted annualized rate of housing
starts jumped to 216,924 in August from an upwardly revised
193,253 units in July. Forecasters had expected 190,000 starts.

Sep 3, 2015

Canadian government under fire in case of drowned Syrian toddler

TORONTO (Reuters) – Canada’s Conservative government came under fire on Thursday following reports the family of a Syrian toddler whose body washed up on a Turkish beach had been trying to emigrate to Canada, rocking Prime Minister Stephen Harper’s re-election bid.

A photograph of the tiny body of 3-year old Aylan Kurdi washed up in the Aegean resort of Bodrum swept social media on Wednesday and featured on front pages on Thursday, spawning sympathy and outrage at the perceived inaction of developed nations in helping refugees.