Blog by Micah Verceles
An amazingly designed small apartment under 500 sq feet with a huge amount of storage and awesome art - Michael Pozner, former Head of Retail for American Apparel, and his architect Darrick Borowski, from Jordan Parnass Digital Architecture (www.jpda.net) re-imagined his tiny space to fit his needs.
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
The global economy is expected to expand modestly in 2013, although its near-term dynamic has changed and the composition of growth is now slightly less favourable for Canada. The U.S. ...
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,483 on the Multiple Listing Service® (MLS®) in September 2013. This represents a 63.8 per cent increase compared to ...
In the span of a week, two banks have pushed back their forecasts of a Bank of Canada rate hike to 2016.
- Canadian housing starts rose a better-than-expected 5.3% in September to 194,000 units on an annualized basis. Housing starts are a volatile indicator, so we focus on the trend level of starts. September’s increase took the 6-month moving average slightly higher to 190,000 units from 188,000 in August.
- The increase was mainly driven by a 5.9% rebound in multi-unit construction, ...
OTTAWA, October 8, 2013 — Housing starts in Canada were trending at 190,492 units in September compared to 188,440 in August, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR)1 of housing starts.
The US government budget crisis weighed heavily on investors after President Barack Obama said Tuesday he would not negotiate with the Republicans under the threat of “economic chaos.”
While accounting for only 13% of attempted frauds in 2011, mortgage fraud was responsible for two-thirds, or $400 million, of the estimated dollar amount of financial fraud in Canada. According to John Russo, Vice President of Equifax, that number jumped to $600 million in 2012.
First par ...
This energy-efficient, green Laneway Loft House built by Smallworks was showcased at LiveCity Yaletown, David Lam Park, one of two City of Vancouver celebration sites, during the 2010 Winter Games.
Smallworks’ founder Jake Fry joined the Mayor of Vancouver, Gregor Robertson, along with representatives from SFU and the Government of Canada to officially open the doors to West House, at 1 pm ...
OTTAWA -- The Bank of Canada won't pronounce on interst rates until later this month, but Scoticabank economists are jumping the gun speculating Canadians won't have anything to worry about until 2016.
The economists say remarks by the central bank’s senior deputy governor earlier this week suggest the bank’s view is now that the economy’s spare capacity may remain into sometime in 2016.
OTTAWA — Once again, Canada’s economy is being overshadowed by our big neighbour.