Andrea's Feed
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.

Oct 18, 2012

RBC seeks Latam, Asia asset management deals

TORONTO (Reuters) – The head of wealth management at Royal Bank of Canada (RY.TO: Quote, Profile, Research, Stock Buzz) said on Thursday the bank is seeking small to medium-sized acquisitions, particularly in Latin America and Asia, to build its equity capabilities in global asset management.

“We’re very strong in North America, and globally in fixed income, so we are interested in strengthening our international equity capabilities with a particular focus on Latin America and Asia,” RBC Wealth Management group head George Lewis told Reuters in an interview.

Oct 16, 2012

Canada strategists see investment angle as fleets age

Oct 16 (Reuters) – Strategists at two of Canada’s top
independent wealth managers say the time may be right to invest
in companies that make cars, consumer durables and even
industrial equipment like rail cars, as aging fleets and
inventories spur a replacement cycle.

After a long consumer and corporate pullback, spending has
begun to bloom again on big-ticket purchases, offering
investment opportunities for Canadians looking to pump up
portfolio growth with careful stock picks.

Oct 15, 2012

Canada home sales rise 2.5 pct in September from August

TORONTO, Oct 15 (Reuters) – Sales of existing homes in
Canada rose in September from August, notching the first monthly
gain since March, the Canadian Real Estate Association said on
Monday, but year-over-year sales dropped sharply in another sign
Canada’s hot housing market is cooling.

The industry group for Canadian real estate agents said
sales activity was up 2.5 percent in September from August.
Actual sales for September, not seasonally adjusted, were down
15.1 percent from a year earlier.

Oct 9, 2012

Canada housing starts slow in September

TORONTO, Oct 9 (Reuters) – Canadian housing starts slowed in
September as multiple urban starts slumped, particularly in
Ontario, in line with expectations that housing construction
will ease as the year progresses, Canada Mortgage and Housing
Corp said on Tuesday.

The seasonally adjusted annualized rate of housing starts
was 220,215 units in September, compared with 225,328 units in
August. The August figure was revised up from 224,900 units
reported previously.