July 2015 Canadian Economic Fundamentals
- Thread starter Ally
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The market indicators are showing that the time is RIPE for those wishing to jump into the commercial/light-industrial real estate investing world. Now, it is not the same as residential, you must look for different indicators, different metrics and different trends. However when done correctly can be a very strong part of an investor’s portfolio. That is why we are hosting this special 2-day event in August
Industrial space is being gobbled up quickly in central Canada thanks to a low energy prices and a weak Canadian dollar, according to a new report.
The report due out Monday from real estate firm CBRE Inc. was provided exclusively to the Financial Post and shows the Greater Toronto Area has become the tightest market in North America for industrial space, with a 4.2 per cent availability — the ratio of available space to total rentable space.
Read the full article here.
Industrial space is being gobbled up quickly in central Canada thanks to a low energy prices and a weak Canadian dollar, according to a new report.
The report due out Monday from real estate firm CBRE Inc. was provided exclusively to the Financial Post and shows the Greater Toronto Area has become the tightest market in North America for industrial space, with a 4.2 per cent availability — the ratio of available space to total rentable space.
Read the full article here.
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Interesting Read: Loonie needs to be ‘low for longer’ as Canada faces more competition
The loonie could make or break the Canadian economy in the next decade.
A new report from Russell Investments Canada says that the Canadian dollar will be more important to economic growth than even the direction of commodity prices, including oil.
Read the full article here.
The loonie could make or break the Canadian economy in the next decade.
A new report from Russell Investments Canada says that the Canadian dollar will be more important to economic growth than even the direction of commodity prices, including oil.
Read the full article here.
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Summer time is a great time to read great fiction, like Adventures of Sherlock Holmes. You can learn real estate from that series of Arthur Conan Doyle books. Here’s how
We all know Mr. Holmes has a great eye for detail. When someone walks into the room, by observation Holmes can tell where you work, what you had for lunch and what your plans are. Successful real estate investors gather up all the details they can about any piece of property and integrate them into their buying, management and selling decisions.
Read the full article here.
We all know Mr. Holmes has a great eye for detail. When someone walks into the room, by observation Holmes can tell where you work, what you had for lunch and what your plans are. Successful real estate investors gather up all the details they can about any piece of property and integrate them into their buying, management and selling decisions.
Read the full article here.
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Greenhouse gases? Not our problem
Part of the hypocritical attack on Canada from the international community when it comes to climate change is that we bear a special burden because our “per capita” emissions of industrial greenhouse gases are among the highest in the world.
Today, I’m going to explain why this argument is nonsense and how, looked at in another equally valid way, Canada is one of the world’s lowest emitters of greenhouse gases.
First off, saying Canada has among the highest “per capita” emissions falsely makes it sound as if every Canadian has an oil well pumping in his or her backyard.
But it’s the method environmentalists and “green” politicians deliberately use, ad nauseam, to avoid having to admit Canada’s emissions are insignificant on a global scale.
Read the full article here.
Part of the hypocritical attack on Canada from the international community when it comes to climate change is that we bear a special burden because our “per capita” emissions of industrial greenhouse gases are among the highest in the world.
Today, I’m going to explain why this argument is nonsense and how, looked at in another equally valid way, Canada is one of the world’s lowest emitters of greenhouse gases.
First off, saying Canada has among the highest “per capita” emissions falsely makes it sound as if every Canadian has an oil well pumping in his or her backyard.
But it’s the method environmentalists and “green” politicians deliberately use, ad nauseam, to avoid having to admit Canada’s emissions are insignificant on a global scale.
Read the full article here.
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T. Boone Pickens sees oil at $70 by end of this year
BP Capital Founder and Chairman T. Boone Pickens said Friday morning on the Fox Business Network that he believes oil will rebound to $70 per barrel by the end of this year. He also cautioned that U.S. consumers are too complacent with cheap gasoline prices.
“None of those things are ever mentioned by anybody because they have two dollar and fifty cent gasoline, well that isn’t going to remain forever. But here you need to look at energy as a powerful, powerful asset America has and it just has to drift along, nobody says anything,” he said.
Read the full article here.
BP Capital Founder and Chairman T. Boone Pickens said Friday morning on the Fox Business Network that he believes oil will rebound to $70 per barrel by the end of this year. He also cautioned that U.S. consumers are too complacent with cheap gasoline prices.
“None of those things are ever mentioned by anybody because they have two dollar and fifty cent gasoline, well that isn’t going to remain forever. But here you need to look at energy as a powerful, powerful asset America has and it just has to drift along, nobody says anything,” he said.
Read the full article here.
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Perspective 1981 housing market vs today. It's all about the payment, 'bout the payment... Not pri-ice.
If George Orwell had written a dystopian novel about Canada’s housing market, it might have been called 1981.
That was the year mortgage rates reached levels that now seem like a plot of some oppressive force designed to terrify the population into submission. For several months, both one- and five-year fixed-rate mortgages were in the high teens and even, for a while, above 20 per cent.
Read the full article here.
If George Orwell had written a dystopian novel about Canada’s housing market, it might have been called 1981.
That was the year mortgage rates reached levels that now seem like a plot of some oppressive force designed to terrify the population into submission. For several months, both one- and five-year fixed-rate mortgages were in the high teens and even, for a while, above 20 per cent.
Read the full article here.
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Every City in Canada could use a revamp of their systems to start serving the “Customer” (citizen) better. Some cities already finding great savings and service increases by going through with a detailed review. Saving tax dollars while providing services more efficiently. Why are other cities avoiding this process? Hmmm, maybe too comfortable. An investor will see potential in those efficient cities
City bureaucracies are a bit like junk drawers; they need a good purging every once in a while. Over time, politicians and their staff create new programs and red tape and entrench spending on things that need to be rethought or scrapped, given time and the plight of the over-burdened taxpayer.
That’s why core reviews have gained popularity across the province, as city councils try to find ways to deliver services more efficiently and leave businesses they don’t belong in. The modern wave started with Penticton, and more than a dozen B.C. cities have done core reviews since.
Read the full article here.
City bureaucracies are a bit like junk drawers; they need a good purging every once in a while. Over time, politicians and their staff create new programs and red tape and entrench spending on things that need to be rethought or scrapped, given time and the plight of the over-burdened taxpayer.
That’s why core reviews have gained popularity across the province, as city councils try to find ways to deliver services more efficiently and leave businesses they don’t belong in. The modern wave started with Penticton, and more than a dozen B.C. cities have done core reviews since.
Read the full article here.
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Be aware... Very aware
At first glance, the mid-century, three-level Winnipeg home was everything that Sarah Fehr and her fiancée had been looking for.
It was located in the right neighbourhood, had a double garage and the backyard was spacious enough for the couple’s two pugs to frolic in.
Read the full article here.
At first glance, the mid-century, three-level Winnipeg home was everything that Sarah Fehr and her fiancée had been looking for.
It was located in the right neighbourhood, had a double garage and the backyard was spacious enough for the couple’s two pugs to frolic in.
Read the full article here.
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First Nations better off to negotiate than litigate on resource projects, says report
A string of legal victories has emboldened Canada’s First Nations to command unprecedented say over resource projects, the latest example being last month’s Lax Kw’alaams refusal of a $1.14-billion benefits package rather than giving consent to the Pacific NorthWest LNG project in northern British Columbia.
Read the full article here.
A string of legal victories has emboldened Canada’s First Nations to command unprecedented say over resource projects, the latest example being last month’s Lax Kw’alaams refusal of a $1.14-billion benefits package rather than giving consent to the Pacific NorthWest LNG project in northern British Columbia.
Read the full article here.
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Here is a real estate trend that won't end well as the current demographic waves collide by 2024 (only 9 years away)
Micro condos are coming to Canada, providing affordability for first-time buyers. Popular with students, downsizers and investors, this new housing form appeals to the consummate downtowner.
Smaller suites are the norm in places like London, Tokyo and New York, and in Canadian cities, they’ve proved enormously popular with surprisingly swift sales.
Read the full article here.
Micro condos are coming to Canada, providing affordability for first-time buyers. Popular with students, downsizers and investors, this new housing form appeals to the consummate downtowner.
Smaller suites are the norm in places like London, Tokyo and New York, and in Canadian cities, they’ve proved enormously popular with surprisingly swift sales.
Read the full article here.
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In all the talk about GenY and Millennials, don't forget that GenX is about to take control of the world
Hey, you there, hanging off the edge of the middle-management tightwire. You who are stuck in the painful inch-down-highway-pavement each morning in your mid-tier car.The aching disappointment that perhaps it is simply done.
Read the full article here.
Hey, you there, hanging off the edge of the middle-management tightwire. You who are stuck in the painful inch-down-highway-pavement each morning in your mid-tier car.The aching disappointment that perhaps it is simply done.
Read the full article here.
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If Canada did slide back into a recession, it's likely already over
Here’s something to keep in mind as we head into the weekend: If Canada in fact slipped back into a recession, it’s very likely over by now.
There’s still an if as to whether we did. And if so, it was probably mild, unless you live in Alberta. And by all accounts, it would be over and done with, with better times ahead.
Read the full article here.
Here’s something to keep in mind as we head into the weekend: If Canada in fact slipped back into a recession, it’s very likely over by now.
There’s still an if as to whether we did. And if so, it was probably mild, unless you live in Alberta. And by all accounts, it would be over and done with, with better times ahead.
Read the full article here.
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Oliver predicts Canada's shrinking economy will avoid recession
Finance Minister Joe Oliver doesn’t believe Canada will fall into a recession amid “mixed signals” from an economy that’s contracted for four consecutive months.
“We don’t have a recession. We don’t believe we will be in a recession,” Oliver said Friday in Toronto. “A recession is technically two consecutive negative quarters and we don’t have results from the second quarter.”
Read the full article here.
Finance Minister Joe Oliver doesn’t believe Canada will fall into a recession amid “mixed signals” from an economy that’s contracted for four consecutive months.
“We don’t have a recession. We don’t believe we will be in a recession,” Oliver said Friday in Toronto. “A recession is technically two consecutive negative quarters and we don’t have results from the second quarter.”
Read the full article here.
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CPPIB buys 60% stake in Toronto rental property, entering Canada's multi-family real estate market
The Canada Pension Plan Investment Board made its first direct investment in Canadian multi-family real estate on Monday with the purchase of a 60 per cent interest in Minto High Park Village in Toronto.
Read the full article here.
The Canada Pension Plan Investment Board made its first direct investment in Canadian multi-family real estate on Monday with the purchase of a 60 per cent interest in Minto High Park Village in Toronto.
Read the full article here.
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Canada June housing starts rise from May - CMHC
TORONTO, July 9 (Reuters) - Canadian housing starts rose more than expected in June from May, a report from the national housing agency showed on Thursday, suggesting the country's post-crisis housing boom still has momentum.
Read the full article here.
TORONTO, July 9 (Reuters) - Canadian housing starts rose more than expected in June from May, a report from the national housing agency showed on Thursday, suggesting the country's post-crisis housing boom still has momentum.
Read the full article here.
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Canada needs 182,000 people to fill these IT positions by 2019
ue to skills mismatch, demand-supply imbalances, an aging workforce and other factors, Canada is headed for a major technology talent shortage in the next five years.
Canada needs 182,000 people to fill positions for information systems analysts and consultants, computer and network operators, Web technicians, software engineers and others in by 2019, according to an IT labour market report released this week.
Read the full article here.
ue to skills mismatch, demand-supply imbalances, an aging workforce and other factors, Canada is headed for a major technology talent shortage in the next five years.
Canada needs 182,000 people to fill positions for information systems analysts and consultants, computer and network operators, Web technicians, software engineers and others in by 2019, according to an IT labour market report released this week.
Read the full article here.
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Canada's employers hit the brakes; rate move still a toss up
Canadian employers put the brakes on hiring last month, trimming private-sector positions and part-time jobs, particularly in Quebec.
Employers shed 6,400 jobs in June and the unemployment rate held steady for the fifth month in a row at 6.8 per cent, Statistics Canada said Friday, as fewer people looked for work.
Read the full article here.
Canadian employers put the brakes on hiring last month, trimming private-sector positions and part-time jobs, particularly in Quebec.
Employers shed 6,400 jobs in June and the unemployment rate held steady for the fifth month in a row at 6.8 per cent, Statistics Canada said Friday, as fewer people looked for work.
Read the full article here.
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Will the Bank of Canada cut interest rates again this July?
Will the Bank of Canada cut interest rates this month? It’s increasingly likely, as Governor Stephen Poloz faces disappointing economic data and mounting evidence of a Canadian recession.
Markets have already priced the chance of a cut at 50 per cent, as pundits and lenders revise their forecasts following grim quarterly numbers. Was the “one and done” stance taken after January’s surprise rate cut wishful thinking?
Read the full article here.
Will the Bank of Canada cut interest rates this month? It’s increasingly likely, as Governor Stephen Poloz faces disappointing economic data and mounting evidence of a Canadian recession.
Markets have already priced the chance of a cut at 50 per cent, as pundits and lenders revise their forecasts following grim quarterly numbers. Was the “one and done” stance taken after January’s surprise rate cut wishful thinking?
Read the full article here.