Canadian homeowners versus renters: Is there a difference in average household income
Canadian homeowners’ average before-tax household income was about double that of renters between 2006 and 2014 According to new and revised data from Statistics Canada’s Canadian Income Survey and Survey of Labour and Income Dynamics, the average before-tax household income, adjusted for inflation, increased 10.1% from $79,200 in 2006 to $87,200 in 2014. Homeowners’ average household income increased from 2006 to 2008, fell from 2008 to 2009, then increased from 2009 to 2014. For renters, the...
read more3 trends that could make 2017 a bigger year for Canadian apartment investment
There’s reason to believe investors may spend more money on income-generating purpose-built rental buildings this year than they did in 2016, suggests a real estate company with a portfolio of properties across North America. “International migration, the aging population and gains in the national labour market will drive demand for multi-suite rental property,” says Morguard in its 2017 Canadian outlook report. In terms of immigration as a tailwind for investment, Keith Reading, a Morguard...
read moreFRPO Announces new President and CEO
FRPO announces the resignation of Scott Andison as its President and CEO and the appointment of Jim Murphy as his replacement. Scott Andison: In his three years at the helm of our organization Scott drove significant change in our industry and delivered many positive accomplishments for our organization. Through a deep knowledge of policy trends and public impacts, and ongoing relationships with industry stakeholders at all levels, he helped to transform the organization in support of...
read moreTrump’s first week in office: A recap of key decisions and how they could impact Canada
It’s been a week since Donald Trump was sworn in as the 45th President of the United States. During his first seven days in office, Trump carried out many of his campaign pledges dealing with trade, pipelines and immigration. Here’s a recap of Trump’s first week in the White House and how his first few decisions as President might impact Canada. MONDAY, JAN. 23: WITHDRAWAL FROM TPP On his first official day in office, Trump signed an executive order withdrawing from the Trans-Pacific...
read moreCanada expected to have second-fastest growth among G7 economies for 2017-18: IMF
WASHINGTON, Wash. – The International Monetary Fund says uncertainty surrounding the incoming Donald Trump administration in the United States is making it difficult to forecast how the global economy will perform this year. But the Washington-based IMF says it estimates the Canadian economy will grow by 1.9 per cent in 2017 and 2.0 per cent in 2018. That compares with its previous estimate of 1.9 per cent growth in both years. Canada is expected to have the second-fastest growth among...
read moreCanada could be headed towards decades of deficits: Finance Department
Jan 5, The Canadian Press Finance Minister Bill Morneau OTTAWA — Federal numbers released quietly by the government late last month are painting a bleak picture of Canada’s financial future — one filled with decades of deficits. The report, published on the Finance Department website two days before Christmas, predicts that barring any policy changes the federal government could be on track to run annual shortfalls until at least 2050-51. The document says that if...
read moreSerendipitous Jobs, Trade Data Help Canada Shake Off Doldrums
by Greg Quinn, @quinngreg More , January 6, 2017 12:51 PM Canada is turning the page on the oil crash. From trade numbers to jobs to the stock market, evidence is beginning to mount the commodity producing nation is emerging from a lingering slump, after struggling through a cocktail of hurt that included collapsing oil prices, slow global growth and an aging population. Data released Friday showed the country recorded its best half-year of job gains since 2007. The merchandise trade...
read moreTrudeau Hopes To Attract Billions In Investment For Infrastructure
Story by: Joan Bryden and Jordan Press, The Canadian Press Prime Minister Justin Trudeau will take an important step Monday toward his ambitious goal of turning Canada into a magnet for foreign investment when he meets with some of the world’s most powerful institutional investors with trillions of dollars at their disposal. Trudeau is hoping to persuade some two dozen representatives of large international pools of capital — including central banks, sovereign wealth funds, insurers and...
read moreSkyline Group of Companies Lauded as an Outstanding Employer in Canada
Local investment management organization Skyline thanks its staff for hard work and achievements, as it is recognized by Aon Hewitt for exemplary employment satisfaction The Skyline Group of Companies is proud to announce that it has been selected as an Aon Best Employer—Canada 2017, Gold Level for the second year in a row. Today, in celebration, the company’s executives released a personal thank-you video to Skyline’s 660+ staff across Canada, sharing key messages about the company’s...
read moreMillennials’ job troubles to affect national economy for decades
Story by: Ephraim Vecina Cited by multiple observers as one of the hardest-hit demographics by Canada’s home affordability crisis, millennials’ lack of access to job security is expected to adversely impact the national economy over the next two decades in light of ever-expensive homes. In her column for Better Dwelling, Toronto editor Kaitlin Last said that millennials are facing the grim prospect of what Finance Minister Bill Morneau called a “job churn”, a trend of declining real income and...
read more