Andrea's Feed
Nov 15, 2012

Canadian October home sales dip, latest sign of cooling

TORONTO, Nov 15 (Reuters) – Sales of existing homes in
Canada fell in October from September and year-over-year sales
were down as well, the Canadian Real Estate Association said on
Thursday in the latest signal that the housing market is
slowing.

The industry group for Canadian real estate agents said
sales were down 0.1 percent in October from September. Actual
sales for October, not seasonally adjusted, were down 0.8
percent from a year earlier.

Nov 14, 2012

Canada housing market to moderate, not crash, in 2013 -RE/MAX

TORONTO, Nov 14 (Reuters) – Canada’s housing market is
leveling off but economic strength, immigration and low interest
rates will prevent a steep correction and keep prices and sales
mostly flat in 2012 and 2013, real estate agency RE/MAX said on
Wednesday.

In its 2013 outlook, based on a survey of trends in 26
markets, RE/MAX said it expects national sales to fall 1 percent
in 2012 and then hold steady in 2013, while prices will be flat
in 2012 and edge 1 percent higher in 2013.

Nov 9, 2012

Canada Pension Plan board notches 1.9 percent return

TORONTO, Nov 9 (Reuters) – The Canada Pension Plan
Investment Board, one of the world’s biggest pension funds and
global dealmakers, reported a 1.9 percent return on investments
for the second quarter, as financial markets gained globally.

CPPIB, which manages Canada’s national pension fund, said on
Friday that its assets had risen to a record C$170.1 billion
from C$165.8 billion three months earlier. The C$4.3 billion
increase in net assets after operating expenses resulted from
C$3.1 billion in investment income and $1.3 billion in net
Canada Pension Plan contributions.

Nov 8, 2012

Canada October housing starts fall more than expected

TORONTO, Nov 8 (Reuters) – Canadian housing starts fell in
October as both single and multiple urban starts slumped, Canada
Mortgage and Housing Corp said on Thursday in a report that
confirms further slowing in the country’s once-booming housing
market.

The seasonally adjusted annualized rate of housing starts
was 204,107 units in October, down from 223,995 in September and
18.9 percent below the cyclical peak of 251,802 reached in
April.

Nov 5, 2012

Canada housing seen slowing, building permits drop

TORONTO, Nov 5 (Reuters) – The pace of homebuilding in
Canada will continue to moderate in the last quarter of 2012 and
into 2013, while existing home sales should hold steady and
prices climb at or just below the inflation rate, Canada
Mortgage and Housing Corp says.

The federal housing agency’s forecast on Monday for a
weaker, but still healthy, housing sector echoed a string of
data that has shown Canada’s recently red-hot real estate market
cooling, but without signs of a crash landing.

Nov 5, 2012

Canada housing starts to moderate, resales stable – CMHC

TORONTO, Nov 5 (Reuters) – New homebuilding in Canada is
expected to continue to moderate in the last quarter of 2012 and
into 2013, while existing home sales should hold steady and
prices climb at or slightly below inflation, the Canada Mortgage
and Housing Corp said on Monday.

“A weaker outlook for global economic conditions and the
waning of the effect of pre-sales from late 2010 and early 2011,
which contributed to support multi-family starts this year, will
bring moderation in housing starts next year,” Mathieu Laberge,
Deputy Chief Economist for CMHC, said in the federal agency’s
fourth-quarter outlook.

Nov 5, 2012

Canada braces as housing slowdown takes hold

TORONTO (Reuters) – Long convinced the country’s housing boom would never end in a crash, Canadians have watched this autumn as a sharp slowdown in real estate spreads across the country, leaving would-be home buyers hopeful and sellers scared.

“The power is in the hands of the buyer – that’s what I’m feeling,” said Andria Petrillo, 32, as she and her husband toured a quiet open house in the heart of Toronto, where crowds and chaos once reigned over weekend home showings.

Nov 5, 2012

Analysis: Canada braces as housing slowdown takes hold

TORONTO (Reuters) – Long convinced the country’s housing boom would never end in a crash, Canadians have watched this autumn as a sharp slowdown in real estate spreads across the country, leaving would-be home buyers hopeful and sellers scared.

“The power is in the hands of the buyer – that’s what I’m feeling,” said Andria Petrillo, 32, as she and her husband toured a quiet open house in the heart of Toronto, where crowds and chaos once reigned over weekend home showings.

Oct 24, 2012

Canada house prices dip 0.4 pct in Sept from Aug – Teranet

TORONTO, Oct 24 (Reuters) – Home prices dipped in September
from August and year-over-year price gains slowed for a 10th
straight month in another sign that Canada’s housing market is
cooling, 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 fell 0.4 percent in
September from a month earlier, the third September drop over
the past 13 years.

Oct 23, 2012

Canada slow to respond to cyber threats – auditor

Oct 23 (Reuters) – Canada’s response to cyber threats has
been slow and incomplete, the federal Auditor General said in a
report on Tuesday that cited bad communication and part-time
monitoring as weaknesses in the nation’s computer and
infrastructure security system.

The federal government has made limited progress in patching
cracks in the security of Canada’s physical and information
technology network since a cyber attack crippled the Finance
Department and Treasury Board in 2011, Auditor General Michael
Ferguson said.