Andrea's Feed
Apr 15, 2015

Canadian existing home sales rise in March – CREA

TORONTO, April 15 (Reuters) – Sales of existing homes in
Canada rose in March from February, led by gains in the big
Toronto and Vancouver markets, the Canadian Real Estate
Association (CREA) said on Wednesday.

The industry group for Canadian real estate agents said
sales were up 4.1 percent last month from February. Actual sales
for March, not seasonally adjusted, were up 9.5 percent from
March 2014.

Apr 14, 2015

Canada resale home prices hit new high in March

TORONTO, April 14 (Reuters) – Canadian home resale prices
rose to a record high in March, paced by gains in the two
biggest markets, the Teranet-National Bank Composite House Price
Index showed on Tuesday, but a correction appears underway in
other regions.

The index, which measures price changes for repeat sales of
single-family homes, showed national home prices rose 0.3
percent last month from February. Prices were up 4.7 percent
from a year earlier. The index does not provide actual prices.

Apr 10, 2015

Canadian housing starts rebound more than expected in March

TORONTO, April 10 (Reuters) – Canadian housing starts rose
much more sharply than expected in March as groundbreaking on
new condominiums and apartments in urban areas surged 48.2
percent, while February numbers were revised slightly lower,
data showed on Friday.

The report from the Canadian Mortgage and Housing Corp
showed the seasonally adjusted annualized rate of housing starts
rose to 189,708 units last month from a downwardly revised
151,238 units in February. This exceeded the 175,000 that
economists had expected.

Mar 13, 2015

Canadian existing homes sales rose in February -CREA

TORONTO, March 13 (Reuters) – Sales of existing homes in
Canada rose in February from January as gains in the biggest
markets of Toronto and Vancouver offset a faltering market
everywhere else, the Canadian Real Estate Association said on
Friday.

The industry group for Canadian real estate agents said
sales activity was up 1.0 percent last month from January, the
first monthly increase since October. Actual sales for February,
not seasonally adjusted, were up 2.7 percent from February 2014.

Mar 12, 2015

Canada home prices struggle, correction seen in some markets

TORONTO, March 12 (Reuters) – Prices for new homes in Canada
fell for the first time in nearly five years in January, and
figures for home resales in February showed a correction
underway in several markets with prices scratching out just a
slight gain nationally.

Another report on Thursday showed Canada’s household
debt-to-income ratio rose to a record high in the fourth
quarter, making consumers more vulnerable just as some
economists say the housing market is at a tipping point.

Mar 11, 2015

Canadian police say man on high-risk watch list fled country

TORONTO (Reuters) – A Canadian man who was on a police watch list for high-risk travelers has left the country illegally and is being sought for arrest, police said on Wednesday.

Mohamed El Shaer is one of about 90 high-risk travelers the Royal Canadian Mounted Police has been watching because of what it says are their ties to foreign fighters or terrorist groups. He left Canada without a valid passport after being released from jail in mid-January, the RCMP said.

Mar 10, 2015

IPO plan for Ontario’s Hydro One in works -report

TORONTO, March 10 (Reuters) – Ontario’s Liberal
government is crafting a plan to sell shares in provincially
owned electrical utility Hydro One in its bid to fund upgrades
in transit and transport infrastructure, the Globe and Mail
reported on Tuesday.

The story, which cited unnamed government and industry
sources, said under the proposal the province would float 10
percent to 15 percent of Hydro One in an initial public
offering, and possibly follow with additional stock sales that
would further reduce its stake.

Mar 5, 2015

Missing Canadian pastor being held by North Korea: church

TORONTO (Reuters) – North Korea has detained the head pastor of one of Canada’s largest congregations, who went missing during a regular humanitarian mission last month, a church spokeswoman said Thursday.

Reverend Hyeon Soo Lim, 60, from the 3,000-member Light Korean Presbyterian Church in Toronto, was last heard from on Jan. 31, church spokeswoman Lisa Pak said.

Mar 4, 2015

Canada’s Harper: economy will continue to grow despite oil slump

TORONTO, March 4 (Reuters) – The Canadian economy will
continue to grow despite a sharp fall in the price of oil, but
there is plenty of concern in the energy-producing province of
Alberta, Prime Minister Stephen Harper said on Wednesday.

Harper, speaking to reporters after an event in Toronto,
also repeated a promise that his Conservative government would
balance the budget in the 2015-16 fiscal year. Canada is a major
oil exporter.

Mar 2, 2015

Canadian pastor missing after aid trip to North Korea

TORONTO (Reuters) – A head pastor of large Canadian church has failed to return from a humanitarian mission to North Korea, and the Canadian government has reached out to try to locate him, his Toronto-based church said on Monday.

Reverend Hyeon Soo Lim, 60, has made hundreds of trips to North Korea, where he helps oversee a nursing home, a nursery and an orphanage in the Rajin region, said Lisa Pak, a spokeswoman for the Light Korean Presbyterian Church in suburban Toronto.