Fireworks exploding over Edmonton, Alberta. If things keep going as they are, Alberta will soon be building more houses than all of Canada east of Ontario combined.
Here’s some more data to highlight just how ridiculous the gap between Alberta’s economy and the rest of the country has grown.
Combined, Quebec and the Maritime provinces have more than 10.5 million people, considerably more than double Alberta’s 4 million people.
But if things keep going as they are, Alberta will soon be building more houses than all those provinces combined.
In a research note released Wednesday, BMO economist Robert Kavcic noted that housing starts in Alberta have been running at an annual pace of 43,000 in recent months, just short of the 47,000 pave seen in Quebec and Atlantic Canada combined.
With Alberta’s housing starts on a long-term upward swing, and eastern Canada’s starts on a long-term downward swing, Alberta could soon be putting up more homes than all of eastern Canada, Kavcic predicted.
This is just the latest data set to reflect the chasm that’s growing between Alberta’s ...
The controversial Canada-China Foreign Investment Promotion and Protection Agreement (FIPA) was signed in 2012 and is meant to provide a framework of legal obligations and rights that would enhance foreign investment.
OTTAWA - Canada has ratified the contentious Foreign Investment Protection Agreement with China.
International Trade Minister Ed Fast says the deal, known as FIPA, has been ratified and will come into force on Oct. 1.
Fast says the agreement provides the protections and the confidence Canadian investors need to expand, grow and succeed abroad.
But the deal, aimed at enhancing foreign investment by providing a framework of legal obligations, has been met with suspicion and alarm not just by the government's usual critics, but Conservative cabinet ministers too.
The government failed to ratify FIPA until now amid a series of tensions in Canada-China relations.
Earlier this summer, Prime Minister Stephen Harper accused the Chinese of a cyberattack on the National Research Council, while the Chinese claimed that a Canadian couple living in China were spies.
Read the full article at: http://goo.gl/E6nDe0
These neighbourhoods are Canada’s richest – large mansions, lots of land, and located in areas that give the meaning to the perfect family home.
Just like everyone else, Canada’s wealthiest families are looking for three things in a home: location, location, location. Canadian Business magazine partnered with market research firm Environics Analytics to map out out exactly where Canada’s wealthiest people live. Unsurprisingly, they flock together, choosing leafy enclaves where they can spread out to make room for wine cellars, art collections, luxury cars and more.
25: Assiniboine Park, Winnipeg
Average Household Net Worth: $3.84 million
Average Annual Household Income: $258,726
Average House Price: $631,569
Talk about beastly neighbours: Assiniboine Park is home to Winnipeg’s zoo, where visitors can gawk at Hudson the playful polar bear or admire the red kangaroos. Residents who prefer a more manicured version of nature can test their swings on the ample fairways of the 18-hole Tuxedo Golf Course. The Shaftesbury campus of Canadian Mennonite University is a relatively new addition to the neighbourhood.
24. Heubach Park, Winnipeg
Many new technologies have been surfacing for a few years now and are set to even transform the real estate market.
This could be your future: You’re driving hands-free, taking your clients around for a day of showings. While you’re behind the wheel (remember, you’re not actually steering the car), you pull from your pocket a smartphone or tablet and bring up a home’s specs. (Apps display the home’s energy use and maintenance status.)
photo credit: Thomas Hawk via photopin cc
As you’re approaching a home, the lights in the house automatically turn on. Sound far-fetched? Well, brace yourself: Some of these capabilities are already here—or are coming soon. Here’s at peek at the latest tech that should be on your radar.
Wearable tech is a big buzzword right now, with the smartwatch business alone is expected to grow from 400,000 shipments this year to 35 million by 2017, according to market research firm Berg Insight. Watchmaker Pebble touts a $249 Pebble Steel smartwatch with leather or metal straps. It can connect to apps from iOS or Android ...
Why does it matter if we educate our children about real estate? They are far too young to understand the concept of mortgage and investments but one person was able to educate his students about basic finance through real estate.
I think it's important to Pay It Forward.
I don't know why I feel this way, but something tells me that helping people will pay off in spades. I don't really believe in subsidizing folks however; I am more about teaching them how to think, and I specifically enjoy working with older kids and young adults (11 - 15).
One of the local schools in my town approached me about doing a 4-day finance class as part of their summer camp. I had worked with many of their students in different capacities before, and the president of their board thought that the kids would dig a class all about how to make money...
Good For Them
Incidentally, I want to give the school props.
They are a charter school and as such they can pretty well do whatever they think is best for the kids. In a national ...