BMO predicts 12,000 new jobs in Winnipeg WINNIPEG ` Manitoba`s diverse, stable economy will produce 12,000 new jobs in Winnipeg in the next three years, a report from BMO Economics says. The new jobs will lower the unemployment rate to about five per cent, near the low end for Canadian...

GTA REALTORS(R) Release Rental Market Report TORONTO, ONTARIO`(Marketwired ` July 16, 2013) ` Greater Toronto Area REALTORSÂ reported 5,853 condominium apartments rented through the TorontoMLS system in the second quarter of 2013. This result was up by approximately 23 per cent in...

GTA REALTORS(R) Release Second Quarter Condo Market Report TORONTO, ONTARIO`(Marketwired ` July 16, 2013) ` Greater Toronto Area REALTORSÂ reported 5,984 condominium apartment transactions through the TorontoMLS system in the second quarter of 2013. This result was down by approximately...

Canadian property prices up almost 5% year on year, latest index shows The national average sale price in Canada has increased by almost 5% year on year and sales are up 3.2% on a monthly basis, according to the latest data from the Canadian Real Estate Association (CREA). The actual...

No secondary suite relief in sight as housing crunch worsens Mayor Naheed Nenshi predicts the rental vacancy rate will approach zero after the floods pushed hundreds from their homes, but also notes that it probably won`t be possible for city council to ease secondary suite rules until near...

A return to macro events As earnings season winds down, focus will shift away from company specifics onto US Federal Reserve Board nuances, tapering timelines, and interest rate fears. That`s all noise that typically triggers sentiment shifts with an attendant spike in volatility...

No ugly downturn for condo market, even in Toronto: report A new report from the Conference Board of Canada predicts that the much-watched condo sector will avoid an ugly downturn, even in Toronto. Economists and policy-makers are keeping a close eye on condos, especially in the...

Tax auditors target condo sellers in hunt for `flippers` Toronto tax lawyer is warning realtors ` and people who`ve bought and sold new condos over the past seven years ` that they could become unwitting victims of what he calls `abusive audit practices` by the Canada Revenue Agency...

Floods boost sales along with prices Flooding that destroyed many homes in the city in late June likely lifted resale activity in July, says the Calgary Real Estate Board. Sales of single-family resale homes climbed to 1,575 deals in July, up 14 per cent compared to 1,382 homes during...

U.S. Plan Eases Rules for Mortgage Lenders WASHINGTON ` Six federal regulatory agencies released a reworked proposal on Wednesday that would require lenders to maintain a stake in the loans they bundle and sell as securities, part of efforts to limit the type of underwriting practices that...

Canadian home sales gaining momentum Canadian home sales are edging back toward the levels they were at before Ottawa decided to tighten the market last summer. For the first time in a year, the number of homes that changed hands over the Multiple Listing Service last month came in...

Canada mortgage arrears rate continues to decline OTTAWA (Reuters) - The already low rate of arrears on mortgages insured by the Canada Mortgage and Housing Corp (CMHC) declined further in the second quarter, an indicator which might temper concerns about a possible hard landing for the...

Canada among top 5 real estate destinations globally: EY survey TORONTO, Aug. 29, 2013 /CNW/ - Eighty-five percent of real estate industry executives say the global economy is improving or stable, and Canada is poised to benefit from that optimistic outlook, according to EY's Global Capital...

Peter Schiff - Oil Prices Headed for $200 a Barrel View video here

Housing affordability takes a dip in Manitoba Second quarter drop blamed on price rise HOUSING affordability is under attack in Manitoba as a combination of higher house prices and rising interest rates drive up the cost of owning a home. A new quarterly housing-affordability...

Insurance policies changing in wake of floods Insurance companies are rethinking what coverage they offer, and at what cost, following the heavy rains and flooding that swamped Toronto and parts of Alberta this summer. Water damage is now a `major issue` for insurers, unlike years past...

Calgary condo price and sales growth forecast for 2014 Median price hike best in Canada this year CALGARY ` Record growth is not in the foreseeable future of the Canadian condo market, but it is also likely the sector will be able to avoid a major downturn, according to the latest...

Canjar: Secondary suites the answer in post-flood Calgary A post-flood housing crisis is looming in Calgary. The race to provide rental space for people, including the hoard of university students coming to the city, is on. With many people out of their homes because of the flood, both...

PROVINCE ADVISES MANITOBA RENT GUIDELINE SET AT TWO PER CENT FOR 2014 Manitoba Healthy Living, Seniors and Consumer Affairs advises the 2014 rent guideline has been set at two per cent and will take effect Jan. 1, 2014. The guideline is determined annually and takes into account cost...

Ottawa sits, while Sault acts on rental housing ` MILLS If Canada`s economy was functioning as well as advertised by the Conservative government, cities like Sault Ste. Marie wouldn`t have to take local action to try to fix a national problem. There would be no need for the Sault to...