October 2015 Economic Fundamentals
- Thread starter Ally
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Construction of new arenas has a positive impact on real estate values
LANGLEY, BC, Oct. 13, 2015 /CNW/ - The Real Estate Investment Network (REIN) has compiled research on the impact that new arenas, such as Rogers Arena in the new "Ice District" in Edmonton, will have on real estate values. The results will be shared at this weekend's upcoming Real Estate Investing forum being held October 16th – 18th at the Northlands Expo Center (7300 116 Ave NW). The 28 page report examines the positive and negative ripple effects that professional sports facilities have on real estate values, even when controlling for general house price inflation and/or transportation improvements. The purpose of this report is to educate anyone purchasing a home or investment property to maximize their return by clearly outlining how any existing, new, or proposed arena project will potentially affect the price.
Read the full article here.
LANGLEY, BC, Oct. 13, 2015 /CNW/ - The Real Estate Investment Network (REIN) has compiled research on the impact that new arenas, such as Rogers Arena in the new "Ice District" in Edmonton, will have on real estate values. The results will be shared at this weekend's upcoming Real Estate Investing forum being held October 16th – 18th at the Northlands Expo Center (7300 116 Ave NW). The 28 page report examines the positive and negative ripple effects that professional sports facilities have on real estate values, even when controlling for general house price inflation and/or transportation improvements. The purpose of this report is to educate anyone purchasing a home or investment property to maximize their return by clearly outlining how any existing, new, or proposed arena project will potentially affect the price.
Read the full article here.
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Fragile states index 2015
We are pleased to present the eleventh annual Fragile States Index. The FSI focuses on the indicators of risk and is based on thousands of articles and reports that are processed by our CAST Software from electronically available sources. We encourage others to utilize the Fragile States Index to develop ideas for promoting greater stability worldwide. We hope the Index will spur conversations, encourage debate, and most of all help guide strategies for sustainable security.
Read the full article here.
We are pleased to present the eleventh annual Fragile States Index. The FSI focuses on the indicators of risk and is based on thousands of articles and reports that are processed by our CAST Software from electronically available sources. We encourage others to utilize the Fragile States Index to develop ideas for promoting greater stability worldwide. We hope the Index will spur conversations, encourage debate, and most of all help guide strategies for sustainable security.
Read the full article here.
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Permitting secondary suites
Secondary suites are an important supply of rental housing in many cities, towns and rural communities across Canada. For example, in 2014, it was estimated that there were about 26,600 secondary units in Vancouver, forming about a fifth of the rental stock. About a fifth of the rental stock in Edmonton is in secondary suites and accessory dwellings, as well. Rents in secondary suites are often lower than those for apartments in conventional rental buildings, and the suites can be developed with no or minimal government assistance. Secondary suites enable low- and moderate-income households to live in ground-related housing in a residential setting.
Read the full article here.
Secondary suites are an important supply of rental housing in many cities, towns and rural communities across Canada. For example, in 2014, it was estimated that there were about 26,600 secondary units in Vancouver, forming about a fifth of the rental stock. About a fifth of the rental stock in Edmonton is in secondary suites and accessory dwellings, as well. Rents in secondary suites are often lower than those for apartments in conventional rental buildings, and the suites can be developed with no or minimal government assistance. Secondary suites enable low- and moderate-income households to live in ground-related housing in a residential setting.
Read the full article here.
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Economy adds 12,000 jobs in September, unemployment raises to 7.1%
OTTAWA - The Canadian economy added 12,000 jobs in September, but the unemployment rate climbed to its highest level since February 2014 as more people entered the labour force.
The gains were entirely to increased part-time work, which added 74,000 jobs, while full-time employment fell by 62,000.
"This month's Canadian labour force survey saw the bouncing ball land on green, but it was no winner despite a decent headline," said BMO chief economist Doug Porter, calling the loss in full-time jobs the "biggest clunker."
Read the full article here.
OTTAWA - The Canadian economy added 12,000 jobs in September, but the unemployment rate climbed to its highest level since February 2014 as more people entered the labour force.
The gains were entirely to increased part-time work, which added 74,000 jobs, while full-time employment fell by 62,000.
"This month's Canadian labour force survey saw the bouncing ball land on green, but it was no winner despite a decent headline," said BMO chief economist Doug Porter, calling the loss in full-time jobs the "biggest clunker."
Read the full article here.
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Average property prices up 6.1% in Canada, but sales fall
Average property prices across Canada have increased by 6.1% year on year but this figure is being affected upwards by growth in values in Vancouver and Toronto.
Indeed the latest monthly property report from the Canadian Real Estate Association shows that excluding data from Greater Vancouver and Greater Toronto results in an annual average price increase of 2.9%.
Read the full article here.
Average property prices across Canada have increased by 6.1% year on year but this figure is being affected upwards by growth in values in Vancouver and Toronto.
Indeed the latest monthly property report from the Canadian Real Estate Association shows that excluding data from Greater Vancouver and Greater Toronto results in an annual average price increase of 2.9%.
Read the full article here.
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Bank of Canada expects economy to bounce back as it holds firm on interest rate
OTTAWA - The Bank of Canada is sticking with its trend-setting interest rate amid expectations the country's economy is bouncing back from the technical recession that kicked off 2015.
The central bank said Wednesday that it kept its overnight rate at 0.5 per cent because inflation and economic activity was largely unfolding as predicted, even as low oil prices continue to weigh on the economy.
Read the full article here.
OTTAWA - The Bank of Canada is sticking with its trend-setting interest rate amid expectations the country's economy is bouncing back from the technical recession that kicked off 2015.
The central bank said Wednesday that it kept its overnight rate at 0.5 per cent because inflation and economic activity was largely unfolding as predicted, even as low oil prices continue to weigh on the economy.
Read the full article here.
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Home sales fall in Toronto, Vancouver because not enough property on the market
The Canadian Real Estate Association offered up the explanation of a shortage of listings in Vancouver and Toronto for a 2.1 per cent seasonally adjusted decline in existing home sales from August to September.
“Although national sales activity was not as strong in September as it was earlier this year, a lack of supply in some parts of the country is likely keeping a lid on transactions,” said Gregory Klump, chief economist with CREA. “The greater Toronto area and Greater Vancouver made sizeable contributions to the monthly decline in national sales activity. They also rank among the tightest urban housing markets in the country due to a shortage of inventory and supply of land on which to build, which is why prices there continue to grow strongly.”
Read the full article here.
The Canadian Real Estate Association offered up the explanation of a shortage of listings in Vancouver and Toronto for a 2.1 per cent seasonally adjusted decline in existing home sales from August to September.
“Although national sales activity was not as strong in September as it was earlier this year, a lack of supply in some parts of the country is likely keeping a lid on transactions,” said Gregory Klump, chief economist with CREA. “The greater Toronto area and Greater Vancouver made sizeable contributions to the monthly decline in national sales activity. They also rank among the tightest urban housing markets in the country due to a shortage of inventory and supply of land on which to build, which is why prices there continue to grow strongly.”
Read the full article here.
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The millennial generation — usually defined as people born between 1981 and 1997 — is the largest in US and Canadian history and they are moving into the housing market both here and the US. Are you and your portfolio prepared?
There's a reason we're always talking about millennials: There are a lot of them.
The millennial generation — usually defined as Americans born between 1981 and 1997 — is the largest in US history, and is estimated to make up three-quarters of the US workforce by 2025.
Read the full article here.
There's a reason we're always talking about millennials: There are a lot of them.
The millennial generation — usually defined as Americans born between 1981 and 1997 — is the largest in US history, and is estimated to make up three-quarters of the US workforce by 2025.
Read the full article here.
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Bank of Canada downgrades Canadian economic outlook again
The Bank of Canada is downgrading its economic outlook again as the country continues to grapple with the “complex” aftershocks of lower prices for oil and other commodities.
As expected, the central bank kept its key overnight lending rate unchangedat 0.5 per cent Wednesday, following two surprise rate cuts earlier this year.
Read the full article here.
The Bank of Canada is downgrading its economic outlook again as the country continues to grapple with the “complex” aftershocks of lower prices for oil and other commodities.
As expected, the central bank kept its key overnight lending rate unchangedat 0.5 per cent Wednesday, following two surprise rate cuts earlier this year.
Read the full article here.
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Financial Post's Ranking of the top entrepreneurial cities in Canada
Western Canada looms large in the exclusive 2015 rankings of Canada’s most entrepreneurial communities compiled by the Canadian Federation of Independent Business for the Financial Post. Read the list to find out how strong the entrepreneurial heart beats in your city — or whether it barely has a pulse.
The survey, in honour of the annual small business week, ranks municipalities in Canada based on 14 indicators, including the number of self-employed people per total employed, business establishments per capita, business property tax rates and overall optimism.
Read the full article here.
Western Canada looms large in the exclusive 2015 rankings of Canada’s most entrepreneurial communities compiled by the Canadian Federation of Independent Business for the Financial Post. Read the list to find out how strong the entrepreneurial heart beats in your city — or whether it barely has a pulse.
The survey, in honour of the annual small business week, ranks municipalities in Canada based on 14 indicators, including the number of self-employed people per total employed, business establishments per capita, business property tax rates and overall optimism.
Read the full article here.
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Comparing rents in Canadian cities vs US cities. Interesting infographic from @rentseeker
With the Canadian and U.S. economies showing strength in many sectors across the economy, the housing and rental markets has once again come to the forefront of the discussion in both the U.S. and Canada.
Read the full article here.
With the Canadian and U.S. economies showing strength in many sectors across the economy, the housing and rental markets has once again come to the forefront of the discussion in both the U.S. and Canada.
Read the full article here.
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Millennials ignoring retirement saving
Four in ten (43%) of the affluent millennials surveyed believe they will have more than enough income when they retire, despite putting saving for retirement near the bottom of their priorities, according to the Manulife Investor Sentiment Index.
Read the full article here.
Four in ten (43%) of the affluent millennials surveyed believe they will have more than enough income when they retire, despite putting saving for retirement near the bottom of their priorities, according to the Manulife Investor Sentiment Index.
Read the full article here.
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Statistics Canada Employment insurance, August 2015 Results
In August, 7,900 fewer people received regular Employment Insurance (EI) benefits compared with July, down 1.4% to 536,800. On a year-over-year basis, the number of EI beneficiaries increased by 35,600 or 7.1%.
Most of the decrease in August came from Ontario, where the number of beneficiaries declined 3.9%. Smaller declines were recorded in Quebec (-1.9%) and Saskatchewan (-1.1%).
Read the full article here.
In August, 7,900 fewer people received regular Employment Insurance (EI) benefits compared with July, down 1.4% to 536,800. On a year-over-year basis, the number of EI beneficiaries increased by 35,600 or 7.1%.
Most of the decrease in August came from Ontario, where the number of beneficiaries declined 3.9%. Smaller declines were recorded in Quebec (-1.9%) and Saskatchewan (-1.1%).
Read the full article here.