Canada Building Permits In July Soar 20.7%, Non-Residential Up 45.5% Statistics Canada reports that contractors took out building permits worth $8 billion in July, up 20.7 per cent from June — the sixth gain in seven months. The July increase came mainly from higher construction intentions for commercial buildings in Ontario, Alberta and Quebec. In […]
Canada’s housing downturn kills jobs and threatens to shake up real estate commissions ?
Housing slowdown to worsen, cost 150,000 jobs, mortgage group says Canada’s housing market is slowing dramatically in terms of both sales and construction, dragging down economic growth and putting some 150,000 jobs at risk in coming years, a mortgage industry association warns in its spring report. As new home sales slow, jobs disappear The bread […]
Predictions for Real Estate Prices: Boom or Bust?
Recently, on Alberta Primetime’s Money Panel, I was asked to comment on real estate prices and some conflicting predictions about whether real estate will boom or bust. Not a day goes by these days without someone predicting what is going to happen to housing prices. I was in a restaurant and the server was talking to […]