Economic Indicators

Toronto a tale of two condo markets

The Greater Toronto Area is a tale of two markets: high-rise condos, which are increasing in demand; and low-rise buildings, which are lacking in product and choice, says the Building Industry and Land Development Association (BILD). Read: Condo buyers can’t afford fees: TD In the high-rise market, new homebuyers are still finding quality, affordable homes […]

By Staff |February 26, 2013

2 min read

Economic Indicators

Canada can gain access to new energy markets

Canada is well positioned to develop a strong Liquefied Natural Gas (LNG) market that will create jobs, and an export-focused competitive energy industry. “Progress is being made on essential regulatory issues,” says Jim Prentice, senior executive vice president and vice chairman of CIBC. “Pipeline routes in from the gas fields are taking shape. Competition is […]

By Staff |February 26, 2013

2 min read

Economic Indicators

Housing affordability improves

Declining mortgage rates and home prices are making it cheaper for Canadians to own homes. In fact, the costs of homeownership fell slightly for the second time in a row in Q4 2012, finds RBC Economics Research. “Residential property values are elevated in Canada and, for many households, ownership remains accessible only because of rock-bottom […]

By Staff |February 26, 2013

4 min read