Andrea's Feed
Oct 2, 2014

Canadian PM says budget deficit to be much less than forecast

BRAMPTON, Ontario, Oct 2 (Reuters) – Canada’s budget deficit
for the 2013/14 fiscal year is likely to be C$5.2 billion ($4.6
billion), rather than the C$16.6 billion forecast in February,
Prime Minister Stephen Harper said on Thursday.

Harper told a business audience the improvement was due in
large part to one-off factors, but did not give details. He said
Canada would run a small deficit in the 2014/15 fiscal year
before returning to surplus in 2015/16.

Sep 15, 2014

Canadian home sales surge in August, to peak in third quarter: CREA

TORONTO (Reuters) – Sales of existing homes in Canada rose in August from July, hitting the highest level since January 2010, the Canadian Real Estate Association (CREA) said on Monday, but it predicted sales will peak in the third quarter and decline in 2015.

The industry group for Canadian real estate agents said sales were up 1.8 percent last month from July. Actual sales for August, not seasonally adjusted, were up 2.1 percent from August 2013.

Sep 15, 2014

Canadian home sales surge in August, to peak in Q3 -CREA

TORONTO, Sept 15 (Reuters) – Sales of existing homes in
Canada rose in August from July, hitting the highest level since
January 2010, the Canadian Real Estate Association (CREA) said
on Monday, but it predicted sales will peak in the third quarter
and decline in 2015.

The industry group for Canadian real estate agents said
sales were up 1.8 percent last month from July. Actual sales for
August, not seasonally adjusted, were up 2.1 percent from August
2013.

Sep 12, 2014

Toronto mayoral race puts spotlight on lesser known Ford

TORONTO (Reuters) – The withdrawal of Toronto Mayor Rob Ford and the entry of his older brother in the race turned the spotlight from a volatile man who had admitted smoking crack cocaine to his less charismatic but steadier sibling, long seen as the power behind the throne.

Rob Ford, 45, hospitalized this week with an abdominal tumor, dropped his bid for re-election on Friday and his brother Doug, 49, took his place in the race to lead Canada’s largest city and financial capital.

Sep 12, 2014

Toronto mayor Rob Ford withdraws from race, brother steps in

TORONTO (Reuters) – Toronto Mayor Rob Ford, who gained global notoriety for admitting he smoked crack cocaine, dropped his re-election bid on Friday, citing a health crisis, but his older brother took his place in the race to run Canada’s largest city.

In drama worthy of Shakespeare, the family switch was made minutes before a deadline for changes to the city election ballot, which also saw a Ford nephew withdraw to allow his uncle, the mayor, to run for a city council seat in his place.

Sep 12, 2014

Canadian home prices rise in August – Teranet

TORONTO, Sept 12 (Reuters) – Canadian home prices rose in
August and the pace of 12-month home price appreciation
accelerated, a report showed on Friday, suggesting robust demand
for housing is carrying through to the second half of the year.

The Teranet-National Bank Composite House Price Index, which
measures price changes for repeat sales of single-family homes,
showed national home prices rose 0.8 percent last month,
exceeding the historical average for August.

Sep 10, 2014

Insight – Canada’s housing party plays on as world warns of risk

TORONTO (Reuters) – Jeff Lowry and his family left a sedate housing market in Tennessee last year and moved to Canada in the midst of a housing boom, where bidding wars and soaring prices were an unpleasant reminder of his American roots.

Trading in his suburban home outside Nashville for a smaller $600,000 (£372,856) house in Waterdown, Ontario, about 40 miles outside of Toronto, the 39-year-old regional manager wonders if he’s just bought into another bubble.

Sep 10, 2014

Canada’s housing party plays on as world warns of risk

TORONTO, Sept 10 (Reuters) – Jeff Lowry and his family left
a sedate housing market in Tennessee last year and moved to
Canada in the midst of a housing boom, where bidding wars and
soaring prices were an unpleasant reminder of his American
roots.

Trading in his suburban home outside Nashville for a smaller
$600,000 house in Waterdown, Ontario, about 40 miles outside of
Toronto, the 39-year-old regional manager wonders if he’s just
bought into another bubble.

Sep 9, 2014

Canadian housing starts cool in August, seen moderating further

TORONTO (Reuters) – Canadian housing starts cooled more than expected in August, while the previous month was also revised slightly lower, data showed on Tuesday, setting the stage for what is widely expected to be a slowing housing market as 2014 draws to a close.

A report from the Canada Mortgage and Housing Corp showed the seasonally adjusted annualized rate of housing starts slipped to 192,368 last month from a downwardly revised 199,813 units in July.

Aug 15, 2014

Canadian home sales rise again in July -CREA

TORONTO, Aug 15 (Reuters) – Sales of existing homes in
Canada rose in July to their highest level since March 2010,
notching their sixth straight monthly increase after a slow
winter, the Canadian Real Estate Association (CREA) said on
Friday.

CREA, the industry group for real estate agents, said sales
were up 0.8 percent last month from June, surpassing June’s
downwardly revised 0.6 percent increase. Actual sales for July,
not seasonally adjusted, were up 7.2 percent from July 2013.