Section: Real estate

Building permits, March 2016

Published on by Communication service

Building permits, March 2016 -

Building permits, March 2016

The total value of building permits issued by Canadian municipalities was down 7.0% to $6.9 billion in March, marking the second decline in three months. The decrease, which followed a 15.3% gain in February, was largely the result of lower construction intentions for commercial buildings in Alberta, Ontario and British Columbia.

Investment in non-residential building construction, first quarter 2016

Published on by Communication service

Investment in non-residential building construction, first quarter 2016 -

Investment in non-residential building construction, first quarter 2016

Investment in non-residential building construction declined for the fifth consecutive quarter, down 1.6% from the previous quarter to $12.5 billion in the first quarter. Nationally, the decrease was a result of lower spending in all three components, with commercial buildings accounting for most of the decline.

Non-residential building construction spending was down in eight provinces, with Alberta posting the largest decline and Quebec a distant second.

Overvaluation and Overbuilding Remain Prevalent in Canada’s Housing Markets

Published on by Communication service

Overvaluation and Overbuilding Remain Prevalent in Canada’s Housing Markets -

Overvaluation and Overbuilding Remain Prevalent in Canada’s Housing Markets

Overvaluation is detected in nine Census Metropolitan Areas (CMAs) and overbuilding in seven, according to the latest Housing Market Assessment(HMA) released today by the Canada Mortgage and Housing Corporation. Nationally, CMHC detects moderate evidence of overvaluation.

The HMA serves as an early warning system, alerting Canadians to areas of concern developing in our housing markets so that they may take action in a way that promotes market stability.

Building permits, February 2016

Published on by Communication service

Building permits, February 2016 -

Building permits, February 2016

Municipalities issued building permits worth $7.4 billion in February, up 15.5% from January. This growth followed a 9.5% decline the previous month and was largely the result of higher construction intentions for commercial buildings in Alberta, single-family dwellings in Ontario and institutional structures in Quebec.

Bank of Canada maintains overnight rate target at 1/2 per cent

Published on by Communication service

Bank of Canada maintains overnight rate target at 1/2 per cent -

Bank of Canada maintains overnight rate target at 1/2 per cent

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.