Economy Tag

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19 Sep

Canada's Rising Interest Rates Canada's rising interest rates come after a prolonged period of extremely low rates.  According to an article on The Financial Post; "Dana Peterson, Citi Research The BoC hiked today catching markets off guard, once again … The stronger-than-expected Canadian economic performance largely influenced the decision to hike. The Bank cautioned that while the “removal of some of the considerable monetary policy stimulus in place [was] warranted,” policy is not on a predetermined course. Nonetheless, we believe the action sends a powerful signal to markets that the Bank is likely initiating a tightening cycle, not simply engaging in oil shock “insurance”...

00:39 / Uncategorized
06 Jul

Buying Affordability In Montreal Buying Affordability In Montreal depends on where and what you buy! According to the Montreal Gazette, "Compared to Vancouver and Toronto, buying a home in Montreal is relatively affordable. But with rising prices, and some areas seeing faster increases than others, affordability often comes down to where — and what — you’re buying." According to the QFREB, these are the median condo prices in Montreal: *Includes central de-merged suburbs of Town of Mount Royal, Westmount, Hampstead and Montreal-West **Includes municipal Sud-Ouest borough and Verdun Via the QFREB, these are the median prices for single family homes by neighborhood: *Includes central de-merged suburbs of...

03:50 / Montreal Real Estate
29 Jun

12 Charts About Canadian Housing That Will Make You Go WTF 12 Charts About Canadian Housing That Will Make You Go WTF - article by Huffington Post. Although Canada has never built as many condos, RBC who created many of the charts here are not concerned as there's still a housing shortage in Toronto and Vancouver where a lot of the construction is concentrated. In contrast single family home construction is near record multi year lows attributed to the lack of space in Toronto and Vancouver as illustrated in the RBC chart below. This short supply may help explain why single-family home...

03:39 / Montreal Market Data / Montreal Real Estate
22 May

'The Biggest Prosperity Opportunity in History': Joel Solomon on the ‘Clean Money Revolution' Published in Sustainable Brands by Sheila Shayon 'The Biggest Prosperity Opportunity in History': Joel Solomon on the ‘Clean Money Revolution' is Sustainable Brand's interview of Joel Solomon on his book and vision for the future. Who is Joel Solomon? "Solomon is Chair of Renewal Funds, a $98 million, mission-based venture capital firm in Vancouver, Canada. During his career, he has invested in more than 100 early-stage companies that have returned above market value and driven positive change. He is a founding member of the Social Venture Network, Business for Social...

19:27 / Uncategorized
10 Apr

Montreal Home Sales Jumped by 11% in March Montreal home sales and the latest Centris Montreal Market Stats for March 2017 <img src="//b.scorecardresearch.com/p?c1=2&c2=6538986&cv=2.0&cj=1" alt="" /> As indicated in the table below, all of the province’s census metropolitan areas (CMAs) registered an increase in sales in March, with the exception of Trois-Rivières. The Gatineau CMA led the way with a 38% increase. As for the median price of single-family homes, it was up in all CMAs except Québec City, where it remained unchanged. For the province as a whole, the median price for single-family homes rose by 4% in March. ...

02:26 / Uncategorized
16 Dec

More Downtown Condos In Montreal? Do We Really Need More Downtown Condos In Montreal? Last night, it was announced in Montreal, that the land and building for the old Montreal Children's Hospital would now be revitalized as a development project for new condos, green spaces and affordable housing. With an over abundance of small condos for sale, we don't need any more 700 - 800 square foot units in the downtown region. There is an interest to attract more families to live downtown which is fantastic. But, in order to do so, developers need to construct townhouse type of condos that...

21:05 / Montreal Real Estate