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Sunday , 26 March 2017

Monthly Archives: January 2016

Canadians optimistic about real estate but not much else, polls show

Maybe the first few days of a new year, right after all the Christmas spending and partying, is a bad time to ask people how they feel about their financial prospects. That could explain all the negativity and pessimism showing up in several Ipsos polls just released. Canadians seem to be worried about everything from their personal debt levels to the possibility of rising interest rates to the country’s overall economy and their prospects for the future. One comparatively bright spot is the real estate market. While Ontarians are less optimistic than they were a year ago about the economy in general, their opinions about real estate are still relatively ... Read More »

U.S. crackdown on money laundering in luxury real estate markets

As Canadians, we don’t usually worry much about corrupt public officials and politicians stealing money from the public coffers to enrich themselves, building lavish mansions and living like princelings. That happens in other countries, not here. But that is only one form of corruption. Canada, it turns out, has a poor reputation for dealing with one of the most common forms: money laundering through real estate. In fact, Canada was singled out by Transparency International, a global anti-corruption group based in Berlin, for having lax standards to monitor the flow of foreign money into Canadian real estate assets. There’s a general sense that money laundering through numbered shell companies goes ... Read More »

Me generation now “we” culture as sharing economy grows

A friend (of a certain age) bragged the other night about using Uber for the first time. It was a great experience, he said, and so much cheaper than a taxi. A relative took his entire family of five to Paris for Christmas and stayed in a lovely apartment, not a hotel, thanks to Airbnb. Again, it was a great experience, and so much cheaper than a hotel. You can now get your snow ploughed in Toronto on demand by contacting contractors through an app. No need to sign a costly contract for the season; just call when you need a plough. This is the sharing economy, and new findings ... Read More »

Toronto home price growth will moderate in 2016: Royal LePage

When you’ve just come out of a record-breaking year for sales, it’s a pretty safe bet that things will slow down a bit. No market can indefinitely sustain the kind of momentum that breaks records month after month. So Royal LePage’s forecast that home prices will continue to increase in Canada’s major real estate markets, but at a slower pace than has become normal, is a reasonable one. Contributing to the moderating trend will be the continued economic fallout from the worldwide energy price slump, and other macroeconomic factors. The real estate firm does not see rising interest rates or tighter mortgage requirements as playing much of a role. What ... Read More »

Google set to unveil latest expansion in Kitchener-Waterloo

You have to admire a company that thinks big. Google thinks big. Google’s mission is nothing less than “to organize the world’s information and make it universally accessible and useful.” That’s very big. It goes about achieving this mission through many familiar products. Its web browser, Google Chrome; Google Maps; Google Apps; YouTube; Gmail. The company is also working on a driverless car and various artificial intelligence projects. There are many more. The company is said to have so much money in the bank that it can’t find enough ways to spend it. A lot of people in the tech world would love to work for Google, and with the ... Read More »

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