TORONTO, Dec 15 (Reuters) – Sales of existing homes in
Canada were unchanged in November from October, but the Canadian
Real Estate Association revised up its forecasts for sales in
2014 and 2015 amid expectations that low interest rates will
remain support continued strength.
The industry group for Canadian real estate agents said on
Monday sales activity was flat last month from October. Actual
sales for November, not seasonally adjusted, were up 2.7 percent
from November 2013.
TORONTO, Dec 12 (Reuters) – Canadian home prices fell in
November from October, their first monthly decline in a year,
the Teranet-National Bank Composite House Price Index showed on
The index, which measures price changes for repeat sales of
single-family homes, showed prices fell 0.3 percent nationally
last month. They were still up 5.2 percent from a year earlier.
TORONTO (Reuters) – Canada’s Bombardier Inc said on Monday it is not bidding for the contract to replace Amtrak’s high-speed Acela, clearing the way for a rival to produce the next generation of the popular but sometimes troubled U.S. passenger trains.
The first Acela trains, which Bombardier made with France’s Alstom SA, went into service in 2000. Amtrak is to announce the new supplier this spring. Alstom declined to comment on whether it is bidding.
TORONTO, Dec 8 (Reuters) – Canadian housing starts rebounded
as expected in November and building permits edged higher in
October, two reports showed on Monday, suggesting the closely
watched housing market held momentum heading into the
traditionally slower winter season.
A report from the Canada Mortgage and Housing Corp showed
the seasonally adjusted annualized rate of housing starts rose
to 195,620 units in November, from 183,659 in October.
TORONTO (Reuters) – A celebrity radio host at the heart of one of Canada’s biggest sex scandals was charged with sexual assault on Wednesday in a case that has grabbed headlines.
Jian Ghomeshi, 47, former host of the internationally syndicated music and arts program Q on Canadian Broadcasting Corp radio, appeared in court to answer four counts of sexual assault and one of choking.
TORONTO (Reuters) – A celebrity radio host was charged with multiple counts of sexual assault on Wednesday in a scandal that has grabbed Canada’s media spotlight.
Jian Ghomeshi, 47, former host of the internationally syndicated music and arts program Q on Canadian Broadcasting Corp radio, surrendered to police and was charged with four counts of sexual assault and one of choking, Toronto police said.
TORONTO (Reuters) – Canadian house price rises are expected to slow in 2015 after another strong year and homebuilding will gradually cool from elevated levels, but a property market crash still looms as a risk, according to a Reuters poll.
The survey of 23 forecasters found that while most said Canada’s house prices were higher than they should be, medians suggest they will still rise 5.2 percent this year before higher mortgage rates and unaffordability slows the market.
TORONTO, Nov 24 (Reuters) – Canada’s housing market is
modestly overvalued and there is overbuilding in Toronto and
Montreal, but there are few signs of overheating, the federal
housing agency said on Monday as concerns about a housing bubble
The Canada Mortgage and Housing Corp said a new framework to
assess the country’s housing market showed conditions were
“broadly consistent” with the growth in Canada’s population and
economy, including its low interest rate environment.
TORONTO, Nov 17 (Reuters) – The Canadian province of Ontario
trimmed its economic growth forecasts for the next three years
on Monday but left its deficit targets unchanged and said its
budget will be balanced by 2017-18.
In his fall fiscal update, Finance Minister Charles Sousa
projected a deficit of C$12.5 billion ($11.1 billion) in fiscal
2014-15, ending March 31, unchanged from the forecast the
province’s Liberal government made in its July budget.
TORONTO, Nov 17 (Reuters) – Sales of existing homes in
Canada edged higher in October from September, the Canadian Real
Estate Association said on Monday, suggesting the housing market
was carrying momentum into the traditionally slower winter
The industry group for real estate agents said sales rose
0.7 percent last month from September. Actual sales for October,
not seasonally adjusted, were up 7.0 percent from October 2013.