September 2014 Ontario Economic Fundamentals
- Thread starter Ally
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National Steel Car looking for hundreds of full-time workers
National Steel Car is holding a job fair this weekend to help fill roughly 300 full-time positions.
They`re looking for trades workers such as welders, crane operators, painters, general workers and IT positions.
Read the full article here.
National Steel Car is holding a job fair this weekend to help fill roughly 300 full-time positions.
They`re looking for trades workers such as welders, crane operators, painters, general workers and IT positions.
Read the full article here.
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Waterloo students get all the comforts of home
WATERLOO`Robin Seergobin`s carefully kept red-brick home is an island of calm in the midst of a coming tsunami of student housing.
A year ago the last of his long-time neighbours cashed out and moved on after many knocks on their doors from developers looking to buy their land. Shortly after that, the bulldozers and the backhoes arrived.
Read the full article here.
WATERLOO`Robin Seergobin`s carefully kept red-brick home is an island of calm in the midst of a coming tsunami of student housing.
A year ago the last of his long-time neighbours cashed out and moved on after many knocks on their doors from developers looking to buy their land. Shortly after that, the bulldozers and the backhoes arrived.
Read the full article here.
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Rental housing crunch affects Thunder Bay college students
As the fall semester approaches, Confederation College students will start moving into residence this weekend.
The residence is full, and Thunder Bay's ongoing rental housing crunch is affecting students searching for off-campus housing, said Confederation College president Jim Madder.
Read the full article here.
As the fall semester approaches, Confederation College students will start moving into residence this weekend.
The residence is full, and Thunder Bay's ongoing rental housing crunch is affecting students searching for off-campus housing, said Confederation College president Jim Madder.
Read the full article here.
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GTA realtors report monthly housing resale figures
TORONTO, ONTARIO -- (Marketwired) -- 09/04/14 -- Toronto Real Estate Board President Paul Etherington reported 7,600 sales through the TorontoMLS system in August 2014. This result was up by 2.8 per cent compared to 7,391 transactions reported in August 2013. Year-to-date sales through the end of August amounted to 65,454, which represented an increase of 6.5 per cent compared to the same period in 2013.
"The last full month of summer ended on a high note. As we look toward the fall market, I expect that demand for ownership housing will remain strong. Home buyers will continue to benefit from a diversity of affordable home ownership opportunities throughout the GTA. The fact that sales were up for all major home types in August suggests that first-time buyers and existing home owners remain very active in today's marketplace," said Mr. Etherington.
Read the full article here.
TORONTO, ONTARIO -- (Marketwired) -- 09/04/14 -- Toronto Real Estate Board President Paul Etherington reported 7,600 sales through the TorontoMLS system in August 2014. This result was up by 2.8 per cent compared to 7,391 transactions reported in August 2013. Year-to-date sales through the end of August amounted to 65,454, which represented an increase of 6.5 per cent compared to the same period in 2013.
"The last full month of summer ended on a high note. As we look toward the fall market, I expect that demand for ownership housing will remain strong. Home buyers will continue to benefit from a diversity of affordable home ownership opportunities throughout the GTA. The fact that sales were up for all major home types in August suggests that first-time buyers and existing home owners remain very active in today's marketplace," said Mr. Etherington.
Read the full article here.
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Toronto home prices still growing , with more gains to come
A lukewarm summer didn`t cool off Toronto`s red hot housing market which remains in sellers` territory, according to the city`s realtors.
The average price of a home in the country`s largest market continued to rise, reaching $546,303 for the region ` an 8.9% increase from a year ago. In the much sought-after detached home segment of the market, the average sale price reached $902,428 in the city of Toronto proper, a 14.7% increase from a year ago.
Read the full article here.
A lukewarm summer didn`t cool off Toronto`s red hot housing market which remains in sellers` territory, according to the city`s realtors.
The average price of a home in the country`s largest market continued to rise, reaching $546,303 for the region ` an 8.9% increase from a year ago. In the much sought-after detached home segment of the market, the average sale price reached $902,428 in the city of Toronto proper, a 14.7% increase from a year ago.
Read the full article here.
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Barrie's new development charges will have 'a disastrous impact'
Barrie's new development charges will squeeze city landlords, and eventually their tenants, says Steve Dearlove.
`This will have a disastrous impact on an already shrinking rental market, and more importantly, to affordable housing in general,` he said.
Read the full article here.
Barrie's new development charges will squeeze city landlords, and eventually their tenants, says Steve Dearlove.
`This will have a disastrous impact on an already shrinking rental market, and more importantly, to affordable housing in general,` he said.
Read the full article here.
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Ottawa market sees end-of-summer slowdown
The city's real-estate market hit the usual late summertime doldrums in August with only a slight overall drop compared to last year -- though condo sales slumped.
Members of the Ottawa Real Estate Board sold 1,203 homes last month, down 1.1% from August 2013
Read the full article here.
The city's real-estate market hit the usual late summertime doldrums in August with only a slight overall drop compared to last year -- though condo sales slumped.
Members of the Ottawa Real Estate Board sold 1,203 homes last month, down 1.1% from August 2013
Read the full article here.
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August 2014 Hamilton housing starts
Housing starts in Hamilton Census Metropolitan Area (CMA) were trending down at 2,906 units in August compared to 3,029 units in July, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR)(1) of housing starts.
"The trend in Hamilton CMA total housing starts decreased in August 2014, following four consecutive monthly increases. This month's decline in the trend measure was entirely due to lower multi-unit residential construction. Despite the relatively strong demand, the higher number of multi-units currently under construction continues to dampen multi-unit housing starts in 2014," said Abdul Kargbo, CMHC's Senior Market Analyst for Hamilton and Brantford CMAs.
Read the full article here.
Housing starts in Hamilton Census Metropolitan Area (CMA) were trending down at 2,906 units in August compared to 3,029 units in July, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR)(1) of housing starts.
"The trend in Hamilton CMA total housing starts decreased in August 2014, following four consecutive monthly increases. This month's decline in the trend measure was entirely due to lower multi-unit residential construction. Despite the relatively strong demand, the higher number of multi-units currently under construction continues to dampen multi-unit housing starts in 2014," said Abdul Kargbo, CMHC's Senior Market Analyst for Hamilton and Brantford CMAs.
Read the full article here.
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August 2014 housing starts in Barrie
Housing starts in the Barrie Census Metropolitan Area (CMA) were trending at 806 units in August, up from 751 in July according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR)(1) of housing starts.
"The trend in total home starts is relatively flat. Single-detached starts decreased from July, pulling down total home starts, but the rise in townhouse and semi-detached starts partially offset the single-detached drop. Barrie's economy continues to create more part-time jobs and not as many full-time jobs, which limits demand for new homes in Barrie," said Edgard Navarrete, CMHC's Market Analyst for Barrie.
Read the full article here.
Housing starts in the Barrie Census Metropolitan Area (CMA) were trending at 806 units in August, up from 751 in July according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR)(1) of housing starts.
"The trend in total home starts is relatively flat. Single-detached starts decreased from July, pulling down total home starts, but the rise in townhouse and semi-detached starts partially offset the single-detached drop. Barrie's economy continues to create more part-time jobs and not as many full-time jobs, which limits demand for new homes in Barrie," said Edgard Navarrete, CMHC's Market Analyst for Barrie.
Read the full article here.
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Thunder Bay housing starts a reflection of the economy
THUNDER BAY ` REAL ESTATE - Housing starts in Thunder Bay, Census Metropolitan Area (CMA) were trending at 182 units in August up slightly from 145 units in July according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR)(1) of housing starts. `Weakening seasonally adjusted starts in Thunder Bay is a reflection of weaker employment levels and slightly increased resale listings. After a flurry of new apartment and condominium construction over the past three years, this market is pausing, partly to absorb the above-average number of condominium projects that are almost entirely still under construction in the local marketplace. Nonetheless with the late start to the construction season, the fall should still see at least an average pace of new construction,` commented Warren Philp, CMHC`s Market Analyst for Thunder Bay.
Read the full article here.
THUNDER BAY ` REAL ESTATE - Housing starts in Thunder Bay, Census Metropolitan Area (CMA) were trending at 182 units in August up slightly from 145 units in July according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six month moving average of the monthly seasonally adjusted annual rates (SAAR)(1) of housing starts. `Weakening seasonally adjusted starts in Thunder Bay is a reflection of weaker employment levels and slightly increased resale listings. After a flurry of new apartment and condominium construction over the past three years, this market is pausing, partly to absorb the above-average number of condominium projects that are almost entirely still under construction in the local marketplace. Nonetheless with the late start to the construction season, the fall should still see at least an average pace of new construction,` commented Warren Philp, CMHC`s Market Analyst for Thunder Bay.
Read the full article here.
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U.S. magazine honours Hamilton economic development team
Hamilton has been identified as having one of the Top 10 economic development groups in Canada by Site Selection Magazine out of Atlanta, Georgia.
The ranking is part of Site Selection`s Canadian Competetiveness Rankings. Each year Site Selection recognizes the Top 10 Canadian Economic Development Groups representing regions or municipalities. This year Hamilton made the list. The city`s economic development department has been named one of the best in the country..
Read the full article here.
Hamilton has been identified as having one of the Top 10 economic development groups in Canada by Site Selection Magazine out of Atlanta, Georgia.
The ranking is part of Site Selection`s Canadian Competetiveness Rankings. Each year Site Selection recognizes the Top 10 Canadian Economic Development Groups representing regions or municipalities. This year Hamilton made the list. The city`s economic development department has been named one of the best in the country..
Read the full article here.
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Condo boom taking hold in 905 regions, housing starts dip in August, says CMHC report
Markham lead the way for new housing starts in August as the condo boom continues to take hold in the 905 regions.
Oakville recorded the second-highest number of high-rise starts while the building boom eased in the City of Toronto, according to housing starts figures released by the Canada Mortgage and Housing Corporation Tuesday.
Read the full article here.
Markham lead the way for new housing starts in August as the condo boom continues to take hold in the 905 regions.
Oakville recorded the second-highest number of high-rise starts while the building boom eased in the City of Toronto, according to housing starts figures released by the Canada Mortgage and Housing Corporation Tuesday.
Read the full article here.
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Toronto fall housing market gaining steam after summer slowdown in August
Toronto realtor John Pasalis spent the day after Labour Day in the full throes of what`s already looking to be a busy fall market.
He was juggling two clients keen to get into the Toronto market before they were priced out for good. One, a couple, lost out on a small semi in the St. Clair and Birchmount Aves. area that went for $73,000 over the $379,900 asking price in an 14-person bidding frenzy where buyers and their agents` cars lined the street.
Read the full article here.
Toronto realtor John Pasalis spent the day after Labour Day in the full throes of what`s already looking to be a busy fall market.
He was juggling two clients keen to get into the Toronto market before they were priced out for good. One, a couple, lost out on a small semi in the St. Clair and Birchmount Aves. area that went for $73,000 over the $379,900 asking price in an 14-person bidding frenzy where buyers and their agents` cars lined the street.
Read the full article here.
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In gridlocked GTA, tenants pay for close proximity to transit
A new research study from Jones Lang LaSalle tells residents of the GTA something they already know ` traffic sucks ` as well as something that they might not: office tenants in the metro areas emerging business hubs are willing to pay a `substantial premium` to be close to rapid transit nodes.
JLL`s report, Expanded Transit and Emerging Business Hubs looked at the impact of transit access on commercial real estate market outside the downtown core (which is very well-served by the two main transit arteries of subways and Go Transit).
Read the full article here.
A new research study from Jones Lang LaSalle tells residents of the GTA something they already know ` traffic sucks ` as well as something that they might not: office tenants in the metro areas emerging business hubs are willing to pay a `substantial premium` to be close to rapid transit nodes.
JLL`s report, Expanded Transit and Emerging Business Hubs looked at the impact of transit access on commercial real estate market outside the downtown core (which is very well-served by the two main transit arteries of subways and Go Transit).
Read the full article here.
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Low mortgage rates will continue to fuel Toronto home sales
Toronto`s sizzling summer real estate market appears set to remain hot right through the fall.
John Andrew, a professor at Queen`s University, is watching with interest for the August numbers that the Canadian Real Estate Association will report in the coming days.
Read the full article here.
Toronto`s sizzling summer real estate market appears set to remain hot right through the fall.
John Andrew, a professor at Queen`s University, is watching with interest for the August numbers that the Canadian Real Estate Association will report in the coming days.
Read the full article here.
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Kitchener-Waterloo real estate market sees hottest summer in years
After a slow start to 2014, Kitchener-Waterloo`s real estate market picked up upon the arrival of warmer weather.
According to the KW Association of Realtors, home sales were up 9.2 per cent in August as compared to the same month in 2013.
Read the full article here.
After a slow start to 2014, Kitchener-Waterloo`s real estate market picked up upon the arrival of warmer weather.
According to the KW Association of Realtors, home sales were up 9.2 per cent in August as compared to the same month in 2013.
Read the full article here.
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Housing starts plummet as market cools in Greater Sudbury
A local homebuilder is considering leaving the Greater Sudbury, a result of high costs of building in the city and a softening housing market in the short and long-term.
The builder, who asked his name not be used because he hasn't made a final decision, said he's considering a move south as the once red-hot housing market in Greater Sudbury has cooled considerably.
Read the full article here.
A local homebuilder is considering leaving the Greater Sudbury, a result of high costs of building in the city and a softening housing market in the short and long-term.
The builder, who asked his name not be used because he hasn't made a final decision, said he's considering a move south as the once red-hot housing market in Greater Sudbury has cooled considerably.
Read the full article here.
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U.S. Steel Canada filling for creditor protection
OTTAWA - When it comes to rubbing shoulders with movers and shakers in the halls of power in the United States, few governments are better represented than that of a place many Americans have never heard of ` Saskatchewan.
Read the full article here.
OTTAWA - When it comes to rubbing shoulders with movers and shakers in the halls of power in the United States, few governments are better represented than that of a place many Americans have never heard of ` Saskatchewan.
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London region expected to benefit as manufacturing sector gears up
Why are London job growth numbers looking better these last months? Simple, probably: a record-breaking jump in manufacturing sales this summer.
Statistics Canada says manufacturing sales were up 2.5% to $53.7 billion in July, beating the previous record of $53.2 billion set in July 2008.
Read the full article here.
Why are London job growth numbers looking better these last months? Simple, probably: a record-breaking jump in manufacturing sales this summer.
Statistics Canada says manufacturing sales were up 2.5% to $53.7 billion in July, beating the previous record of $53.2 billion set in July 2008.
Read the full article here.