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.
TORONTO, Nov 13 (Reuters) – Brazil, China and India still
offer long-term investment value but a lot of global assets are
fully priced and competing with huge sovereign wealth funds is
getting harder, one of Canada’s biggest dealmakers said on
The head of Canada Pension Plan Investment Board, one of the
world’s biggest pension funds, said market conditions remain
difficult because assets are fairly priced, which means deal
activity will be below average and CPPIB will have to “pick its
spots” to find good investments.
BEIJING (Reuters) – Canadian Prime Minister Stephen Harper came under increased pressure on Sunday as the son of a Canadian couple detained in China said he was not sure Canada was doing enough to help his parents.
And the opposition leader said Harper should be speaking publicly about the case while he is in Beijing.
BEIJING, Nov 8 (Reuters) – Canadian and Chinese companies
have signed trade deals worth more than C$2.5 billion, despite
continued tension over the detention of two Canadians near the
North Korean border.
Canadian Prime Minister Stephen Harper said the more than 20
commercial agreements signed between executives from both
countries are expected to create more than 2,000 jobs in
industries as diverse as aerospace, infrastructure, mining,
energy and agri-food.
BEIJING, Nov 8 (Reuters) – Canadian train and planemaker
Bombardier said a six-month window to prepare a bid
for Mexico’s $3.75 billion high-speed rail contract looked
Mexico on Friday revoked the contract from consortium led by
state-backed China Railway Constructon Corp.
BEIJING, Nov 8 (Reuters) – China’s and Canada’s central
banks agreed to a currency swap worth 200 billion yuan ($32.67
billion) or C$30 billion, said a Canadian government statement
issued at a meeting of Asia Pacific nations on Saturday.
The statement did not say for how long the currency swap
would be effective. The agreement was announced after Canadian
Prime Minister Stephen Harper met Chinese Premier Li Keqiang.
HANGZHOU, China, Nov 7 (Reuters) – Canadian Prime Minister
Stephen Harper kicked off his trade mission to China on Friday
facing criticism from businesses that the troubled diplomatic
relationship between the two nations has hampered their efforts
to tap China’s burgeoning market.
Harper, on his first visit to China in two years, announced
the opening of four new trade offices in the cities of Hangzhou,
Xian, Xiamen and Tianjin to help the entry of Canadian
businesses into the fastest growing regions of China.