A sharp shift in the market
Filed Under Main Content · Tagged: Asking Price, Bosley Real Estate, Choice Real Estate, Contests, Estate Landscape, Estate Ltd, Globe And Mail, Globe Mail, Houses For Sale, Phenomenon, Premiums, Prospective Buyers, Real Estate Broker, Rocca, S Real Estate, Sharp, Time Choice, Toronto Market
The Globe and Mail- Some homeowners who were waiting for their gardens to spring to life before they listed their houses for sale are wondering if they would have been better off planting a sign on the lawn in the barren days of February and March. The answer, most likely, is yes.
Toronto’s real-estate landscape has shifted in the past few weeks with a burgeoning number of houses listed for sale.
For prospective buyers, the change means they are facing a phenomenon they haven’t encountered in quite some time: choice.
Real-estate broker Patrick Rocca of Bosley Real Estate Ltd. says the Toronto market has become quirky since listings began ramping up immediately after Easter.
Now, some houses are selling in bidding contests at premiums above the asking price that Mr. Rocca deems “crazy,” while in other cases agents anticipated a quick sale and the property is just sitting…
A sharp shift in the market – The Globe and Mail
Central bank urged to hike interest rates after June
Filed Under Main Content · Tagged: Bank Canada, Bank Of Canada, Basis Points, C D Howe, C D Howe Institute, Canadian Economy, Inflation, Interest Rate, Interest Rates, Pace, Pledge, Preferred Target, Rate Hikes, Rate Increases, Sharp
Times Colonist- The Bank of Canada should uphold its conditional pledge to keep its key policy rate at 0.25 per cent until July but should then embark on sharp rate hikes of 50 basis points at every announcement date until mid-2011, says an analysis prepared for the C.D. Howe Institute.
The call for sharp rate increases after June emerged yesterday, one week before the Bank of Canada releases its latest interest-rate statement. Recent data indicate the Canadian economy likely expanded in the final quarter of 2009 at a faster pace than the central bank expected (four per cent versus 3.3 per cent), and inflation is now closer to the central bank’s two per cent preferred target than it previously envisaged…
Central bank urged to hike interest rates after June
Province hit by sharp drop in non-residential construction
Filed Under Main Content · Tagged: British Columbia, Construction Sector, Decline, Investment, Kelowna, Residential Construction, Sharp
Kelowna.com- The most recent figures on investment in non-residential construction for the third-quarter of 2009 cloud the picture of recovery in British Columbia’s construction sector, showing a sharp decline from both the previous quarter and from a year ago…
Province hit by sharp drop in non-residential construction | Kelowna.com
No quick end to the recession
Filed Under Main Content · Tagged: Abraham Lincoln, Aircraft Carrier Uss, Consumer Credit, Economic Recession, Former President Bush, Images, Iraq, Lincoln, President Bush, Sharp, Uss Abraham Lincoln
Financial Post – Declaring the end to the economic recession in light of the sharp fall in consumer credit conjures up images of former President Bush aboard the Aircraft carrier USS Abraham Lincoln in May 2003 declaring the end to “major combat” in Iraq. …
