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Industry Trends

Seniors housing touted as 2019’s safest investment

Posted in Appraisal, Bylaws / Regulations, Communications, Development, Finance, Housing, Industry Trends, Newsworthy, Senior Housing

Seniors housing touted as 2019’s safest investment

With seniors slated to comprise nearly a quarter of Canada’s population by 2030, real estate that caters to their needs is being touted as one of the most investment-friendly sectors this year. That’s in spite of a somewhat volatile interest rate environment that’s expected to carry through 2019, says Montreal-based Fred Blondeau, an analyst with Echelon Wealth Partners. “The sector should be able to generate significant growth no matter how interest rates evolve, so we’re putting more...

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Montreal prices accelerate as sales reach new record

Posted in Appraisal, Bylaws / Regulations, CMHC, Communications, Development, Finance, Housing, Industry Trends, Newsworthy

Montreal prices accelerate as sales reach new record

Home prices in Montreal continued to grow as sales reached new heights last month, according to the Greater Montreal Real Estate Board. The median price of a single-family home in the market increased by 7% on a year-over-year basis in December, reaching $327,450. Meanwhile, the median price of plexes grew by 8% during the same time frame to settle at $525,000, and that of condos by 3% to $272,863. These coincided with the market’s achievement of a new home sales record for December, growing...

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Premier Doug Ford To Attend North American International Auto Show In Detroit

Posted in Communications, Employment, Events, Finance, Industry Trends, Newsworthy, Tax Law

Premier Doug Ford To Attend North American International Auto Show In Detroit

Ontario’s Government for the People is taking the message to global auto industry leaders that Ontario is open for business. Premier Doug Ford and Todd Smith, Minister of Economic Development, Job Creation and Trade, announced they will attend the North American International Auto Show (NAIAS) in Detroit. While there, they will meet with executives from the world’s leading auto manufacturers as well as labour representatives, and make it clear that Ontario is open for business....

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Webequie First Nation completes multiple housing projects

Posted in Communications, Development, Finance, Housing, Industry Trends, Newsworthy

Webequie First Nation completes multiple housing projects

The federal government announced the completion of recent housing projects in the indigenous community of Webequie First Nation in Ontario. Bob Naulat, MP for Kenora, on behalf of the Jane Philpott, Minister of Indigenous Services, joined Chief Cornelius Wabasse and the community of Webequie First Nation to celebrate the completion of several recent housing projects. These include 14 new modular homes, two new four-plexes, five single-family homes, and renovations to 14 existing homes. The...

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These could be the world’s biggest economies by 2030

Posted in Communications, Employment, Finance, Industry Trends, Newsworthy

These could be the world’s biggest economies by 2030

Seven of the world’s top 10 economies by 2030 will likely be current emerging markets. The prediction for a shake-up of the world’s gross domestic product rankings comes in new long-term forecasts by Standard Chartered Plc, which includes a projection for China to become the largest economy by 2020, using purchasing power parity exchange rates and nominal GDP. India will likely be larger than the U.S. in the same time period while Indonesia will break into the top 5 economies. “Our...

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Calgary housing market ‘remarkably resilient’ despite low oil prices

Posted in Appraisal, CMHC, Communications, Development, Finance, Housing, Industry Trends, Newsworthy

Calgary housing market ‘remarkably resilient’ despite low oil prices

Calgary’s housing market has fared fairly well despite record-low oil prices that have plagued the country’s energy sector in recent months, according to real estate firm Royal LePage. “Calgary [has been] remarkably resilient in one way,” Phil Soper, the president and chief executive officer of Royal LePage told BNN Bloomberg in an interview Friday, noting prices are about 10 per cent off their 2014 peak. In its latest home price survey released Friday, Royal LePage said all cities in Alberta...

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Pot Sector Focus Shifts From Legalization to Legitimacy

Posted in Bylaws / Regulations, Communications, Employment, Finance, Health & Safety, Industry Trends, Legal, Legislation, Newsworthy

Pot Sector Focus Shifts From Legalization to Legitimacy

After a wild year for the cannabis sector, it’s appropriate that 2019 kicks off with a focus on Aphria Inc., the Canadian pot producer that was attacked by short sellers and is now the target of a hostile takeover bid. Aphria reports results for the fiscal second quarter on Jan. 11, and there will undoubtedly be plenty of questions on the conference call about the allegations from short sellers that it overpaid for “worthless” assets in Latin America. Aphria called the claims by Quintessential...

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Amazon should disrupt gas stations, says Wall Street’s biggest bull

Posted in Communications, Employment, Finance, Housing, Industry Trends, Newsworthy

Amazon should disrupt gas stations, says Wall Street’s biggest bull

Amazon.com Inc. (AMZN.O 5.01%) is a dominant player in industries as diverse as cloud computing, streaming media, and of course e-commerce, but the next business it should set its sights on is decidedly more old fashioned: gas stations. That view comes courtesy of DA Davidson, which wrote that the company could benefit from expanding its portfolio of physical stores — which already includes “pop-up” stores and the Whole Foods grocery chain — as “another means for it to advance its...

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Economists renew prediction for lower interest rates for Canada in 2019

Posted in Appraisal, CMHC, Communications, Development, Finance, Housing, Industry Trends, Newsworthy

Economists renew prediction for lower interest rates for Canada in 2019

Ahead of the Bank of Canada’s first policy meeting of the year, scheduled for next week, Capital Economics is back at it again. The notoriously bearish economic research firm is predicting, once more, that the central bank will slash interest rates this year. It’s the exact opposite of what most observers are calling for. “For now, as we expect the Bank’s forecasts to be… more upbeat than our own, we would not be surprised if the Bank of Canada continues to argue that it needs to raise...

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CPP and corporate income tax changes

Posted in Communications, Employment, Finance, Housing, Industry Trends, Legal, Newsworthy, Tax Law

CPP and corporate income tax changes

Effective January 1, 2019, employers of all sizes need to deduct a slightly larger contribution to the Canada Pension Plan from their employees’ paycheques, and to make a slightly larger employer contribution themselves. The contribution rate is up from 4.95% to 5.10%, the same as the new employer’s contribution. The federal Finance Department estimates that the average additional contribution will be $81 per year from each of the employee and the employer. In gradual increments, the...

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