Canadian Dollar Losing Ground

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CMHC reported that housing starts declined 0.6% to 207,600 at a seasonally adjusted annual pace in October from… See full story on this topic »

Can Canada’s economy keep up its solid pace of growth? – The Globe and Mail

Consumer spending also helped pump up the economy in the fourth quarter, according to the federal statistics gathering agency.

Can Canada’s economy keep up its solid pace of growth? – The Globe and Mail

House price cool-down expected

The report by Re/Max showed house prices climbed an average of 6.82 per cent every year from January 2000 to December 2010, a pace of growth that BMO Capital Markets economist Robert Kavcic described as unsustainable. The Greater Victoria rate during that period was 7.8 per cent.

Read more: http://www.timescolonist.com/business/House+price+cool+down+expected/4249270/story.html#ixzz1DUNTdIk5

House price cool-down expected

Victoria real estate sales increasing but well off last year’s pace

Times Colonist- Real estate sales in Greater Victoria increased in October compared to the previous month but remained well off the pace from a year ago.

Data released this morning from the Greater Victoria Real Estate Board showed the number of property sales sold through the Multiple Listing Service during October hit 467. That was up 18 per cent from the 395 sales in September, but a 37-per-cent decline from the 742 sales in October of 2009 as buyers remain cautious amid a recovering economy

Prices for all types of homes were also on the increase…

Victoria real estate sales increasing but well off last year’s pace

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