Andrea's Feed
May 2, 2013

Analysis: Canadian housing – bursting bubble or gentle landing?

TORONTO (Reuters) – It’s looking like an unsettling spring in Canadian housing, a market that has proven far more even-keeled and less scary for investors in recent years than in the United States.

In what is traditionally the best season of the year for real estate agents, Toronto agent Ecko Jay says the industry is seeing far fewer buyers, a result of tighter lending rules, high prices and fear of a bubble. In Toronto alone, sales dropped 40 percent in the first quarter from a year earlier, making homeowners and investors jumpy.

May 2, 2013

Canadian housing: bursting bubble or gentle landing?

TORONTO, May 2 (Reuters) – It’s looking like an unsettling
spring in Canadian housing, a market that has proven far more
even-keeled and less scary for investors in recent years than in
the United States.

In what is traditionally the best season of the year for
real estate agents, Toronto agent Ecko Jay says the industry is
seeing far fewer buyers, a result of tighter lending rules, high
prices and fear of a bubble. In Toronto alone, sales dropped 40
percent in the first quarter from a year earlier, making
homeowners and investors jumpy.

Apr 25, 2013

C$ hits over one-week high after U.S. job data

TORONTO, April 25 (Reuters) – The Canadian dollar hit its
strongest level in more than a week against its U.S. counterpart
on Thursday after U.S. data showed a fall in new jobless benefit
claims, briefly tempering broader fears about tepid U.S.
economic growth.

The data fueled investor appetite for riskier assets
including stocks and helped support the prices of some
commodities. While the Canadian currency climbed in early trade,
activity fell off when the data bounce faded.

Apr 25, 2013

C$ hits strongest in more than a week after U.S. data

TORONTO, April 25 (Reuters) – The Canadian dollar hit its
strongest level in more than a week against its U.S. counterpart
on Thursday after U.S. data showed a fall in new jobless benefit
claims, briefly tempering broader fears about tepid U.S.
economic growth.

“We traded all the way down to C$1.0201, so it’s been a very
strong morning, a lot just based on U.S. dollar broad-based
weakness,” said Camilla Sutton, chief currency strategist at
Scotiabank.

Apr 17, 2013

Canadian house prices rise 0.4 pct in March from Feb – Teranet

TORONTO, April 17 (Reuters) – Canadian home prices rose in
March from February, ending a six-month string of declines, as
spring home buyers breathed some life back into Canada’s cooling
housing market, the Teranet-National Bank Composite House Price
Index showed on Wednesday.

The index, which measures price changes for repeat sales of
single-family homes, showed overall prices rose 0.4 percent in
March from a month earlier.

Apr 15, 2013

Canada March home sales edge up from February, down on year

TORONTO, April 15 (Reuters) – Sales of existing homes in
Canada rose in March from February even though year-over year
sales fell sharply, data on Monday showed, offering more signs
that the post-recession housing boom may have turned into a
stable slowdown.

Prices were up 2.2 percent from a year earlier, the smallest
increase in more than two years, the report from the Canadian
Real Estate Association (CREA), the umbrella group for real
estate agents, said.

Apr 15, 2013

Analysis: Canadians losing faith in economic “miracle”

OTTAWA/TORONTO (Reuters) – Factory worker Nelson Claros has little time for talk of the Canadian economic miracle.

The 50-year-old was laid off last year from his job of 22 years at a bus-assembly plant northwest of Toronto, and has since applied for 130 jobs. His best offer: A job at $12 an hour, half his previous wage and not enough to pay his bills.

Apr 15, 2013

Canadians losing faith in economic “miracle”

OTTAWA/TORONTO (Reuters) – Factory worker Nelson Claros has little time for talk of the Canadian economic miracle.

The 50-year-old was laid off last year from his job of 22 years at a bus-assembly plant northwest of Toronto, and has since applied for 130 jobs. His best offer: A job at $12 an hour, half his previous wage and not enough to pay his bills.

Apr 15, 2013

Canadians losing faith in economic ‘miracle’

OTTAWA/TORONTO, April 15 (Reuters) – Factory worker Nelson
Claros has little time for talk of the Canadian economic
miracle.

The 50-year-old was laid off last year from his job of 22
years at a bus-assembly plant northwest of Toronto, and has
since applied for 130 jobs. His best offer: A job at $12 an
hour, half his previous wage and not enough to pay his bills.

Apr 9, 2013

Canada housing starts edge higher, building permits weak

TORONTO, April 9 (Reuters) – Canadian housing starts edged
higher in March as rural starts surged but urban starts declined
and a longer-term trend showed the housing market is continuing
to moderate, Canada Mortgage and Housing Corp said on Tuesday.

Separate data showed the value of Canadian building permits
rose by a weaker-than-expected 1.7 percent in February as a
sharp decline in plans for multi-family housing partially offset
strength in other types of residential and non-residential
projects, according to Statistics Canada.