A sharp drop in MLS sales wasn’t limited to Alberta’s major centres at the beginning of this year as the impact of the oil price collapse began to take hold in the provincial economy. 487 more words
Tags » Canadian Real Estate Association
A new student condominium project in Kelowna, B.C. is being marketed as “this year’s hot investment” and “a perfect storm” for property investors.
“While most Canadians traditionally invest their funds in GICs, bonds or stocks, your Retirement Savings Plan could include an investment property giving you a far greater return on your investment than a GIC with an offering of less than two per cent,” says Randy Shier, president of Mission Group Homes, in a news release. 704 more words
The ripple effect of a slumping real estate industry, combined with plunging oil prices, is already starting to be felt by businesses throughout Calgary.
“We’ve definitely seen an impact,” said Dell Lloyd, owner of Omega 2000 Cribbing Inc., in Calgary, which does foundation work for several large home builders. 704 more words
The Bank of Canada announced today that it would lower its overnight lending rate to 0.75 per cent from 1 per cent, which is the first time the Bank has changed its rate in over four years. 149 more words