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Real Estate
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The costs to the global and American economies are even greater, at more than
one per cent of gross domestic product and 0.8 per cent respectively.
The calculation marks the first time the Bank of Canada has attempted to put
a hard number on the spillover effects of the ongoing European sovereign debt
drama, and it shows the Canadian and global realities would be materially
different, but for Europe. CANADIAN PRESS
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CALGARY - Finance Minister Jim Flaherty conceded Tuesday he won't be
able to balance the budget in four years as promised after all, while at the
same time taking measures to lighten the load on workers and businesses by
slashing planned payroll tax hikes in half.
Plugging in the new numbers
means Ottawa's deficit will balloon from the previously thought $19.4 billion
next year to $27.4 billion, and for 2013-14, from $9.4 billion to $17 billion.
Ottawa was counting on savings
from departmental cutbacks to put them into the black in 2014-15, but now the
expectation is for a $3.5 billion deficit, once $4 billion in savings are
included. Without counting the savings, the deficit would have been $7.5 billion.
The Canadian Press
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The U.S. Federal Reserve on Wednesday slashed its
forecast for economic growth, raised projections for unemployment and suggested
Europe's debt crisis posed big downside risks to the U.S. economy.
However, it took note of strengthening in the U.S.
economy in the third quarter and held monetary policy steady.
While the U.S. central bank offered no direct hints
it was considering fresh steps to help the economy in a post-meeting statement,
one official pushed for action. In the end, the Fed mustered a 9-1 vote for a
steady course.
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Canada is not entering a recession. Finance Minister Jim Flaherty told
MPs Tuesday.
Speaking to the House
finance committee, Flaherty said the third quarter of 2011 looks good for
Canada, and that he expects growth in the fourth quarter .
Flaherty said Europe is
going through a "very difficult time" and may well be in or entering
into a recession.
"That is not true in
this country.Canada is doing relatively well and I'll
continue to rely on the private sector economists with respect to economic
forecasts.
Other people have other
views from time to time," He said.
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The Canadian Real Estate Association said Monday
the average price for a Canadian home sold in September was $352,600. In June,
the average was $372,700.
Market watchers say the national average price in
the spring was being skewed upward by sales in some expensive Vancouver and
Toronto neighborhoods.
The 6.5 per cent annual gain is the smallest since
January.
CREA stats show the average selling price in September fell by a
seasonally-adjusted 0.4 per cent from the month before. Big month-over-month
declines were recorded in Victoria (down 9.7 per cent), Saguenay (down 11.9 per
cent), and Vancouver (down 3.7 per cent).
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Do You prefer to pay small amount of the onetime fee before sale of the property ?
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What good or bad to live in Newmarket on north - west coner of Yonge st And Davis Drive ?
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Do You like a North part of GTA ? Do you want to live in Oak Ridges ? What the plus and minus in this location ?
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What are the most important features that you look for as a buyer when considering to purchase a home?
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I have a Private sale of a huge custom built 5 years old house in the Mill Pond Area for just 799 000.00 Call me first
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Whether you are buying or selling, how many real estate agents do you personally know?
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Will you purchase your new home with the same listing agent you have selling your current home? Why or why not?
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Sorry this listing out of market till 22 June 2011
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From the statistic of CAAMP: Total New Housing Starts (Seasonally adjusted and annualized) | Province | December
2010 | December
2009 | January
2011 | January
2010 | February
2011 | February
2010 | Newfoundland/Labrador
| 3,200
| 4,200
| 3,900
| 3,600
| 2,700
| 3,600
| PEI
| 1,100
| 1,300
| 800
| 600
| 500
| 400
| Nova Scotia
| 2,700
| 2,900
| 4,500
| 2,800
| 3,800
| 5,400
| New Brunswick
| 3,100
| 3,600
| 3,500
| 5,200
| 1,800
| 2,400
| Quebec
| 47,800
| 51,600
| 48,600
| 55,100
| 44,600
| 47,800
| Ontario
| 46,400
| 56,300
| 51,500
| 55,500
| 65,800
| 70,100
| Manitoba
| 6,500
| 3,400
| 3,900
| 5,100
| 4,700
| 4,900
| Saskatchewan
| 7,500
| 4,500
| 6,200
| 6,400
| 8,800
| 4,600
| Alberta
| 21,000
| 27,800
| 19,600
| 23,500
| 21,900
| 27,300
| British Columbia
| 30,000
| 22,200
| 28,100
| 27,600
| 27,300
| 30,100
| CANADA
| 169,300
| 177,800
| 170,600
| 185,400
| 181,900
| 196,600
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Source: CMHC Housing Now - March 2011 and March 2010. This seasonally adjusted data goes through stages of revision at different times of the year.
Average MLS® Resale Price for Local Markets
| City | February 2011 | February 2010 | Halifax
| $ 261,638
| $ 251,072
| Saint John
| $ 175,371
| $ 168,735
| Quebec
| $ 244,326
| $ 227,461
| Montreal
| $ 300,471
| $ 287,151
| Ottawa
| $ 337,797
| $ 318,894
| Toronto
| $ 454,470
| $ 431,509
| Hamilton/Burlington
| $ 331,741
| $ 314,656
| Winnipeg
| $ 228,180
| $ 215,230
| Saskatoon
| $ 287,202
| $ 291,054
| Regina
| $ 272,609
| $ 263,753
| Calgary
| $ 400,879
| $ 389,388
| Edmonton
| $ 311,674
| $ 316,927
| Vancouver
| $ 791,604
| $ 662,741
| Victoria
| $ 490,970
| $ 481,246
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Source: Canadian Real Estate Association
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