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Category: FYI/Blog

Risk of speculation in Toronto condos mitigated by presales: CMHC

Most Toronto condominium projects do not begin construction until 70 per cent of units are sold, curbing the risk of speculation, Canada’s housing agency said on Tuesday in a report that suggested overbuilding fears may be overdone.

To read full article please click on the link below:

http://www.theglobeandmail.com/report-on-business/economy/risk-of-speculation-in-toronto-condos-mitigated-by-presales-cmhc/article30975970/

Life insurance isn’t taboo. It’s a creative tool

Trust is not easily earned these days. There’s no place where this is more true than in the financial services industry. Take banks, for example. I walked into my bank this week. “Why do you chain your pens to the counter?” I asked the teller. “I trust you with my money. Shouldn’t you trust me with your pens?” I reasoned.

To read full article please click on the link below:

http://www.theglobeandmail.com/globe-investor/personal-finance/taxes/life-insurance-isnt-taboo-its-a-creative-tool/article30927193/?cmpid=rss1

Canadian factory sales fell 1%, hit by wildfires, Japan earthquake

Canadian manufacturing sales fell 1.0 per cent in May from April, the third decline in five months, in part due to disruptions caused by Alberta wildfires and an earthquake in Japan, Statistics Canada said on Friday.

To read the full article please click on the link below:

http://www.theglobeandmail.com/report-on-business/economy/canadian-factory-sales-fall-1-per-cent/article30935506/

Bank of England holds rate steady

Britain’s central bank surprised markets by maintaining its core interest rate. Analysts expected a drop to help offset the financial battering the country has weathered since Brexit.

To read full article please click on the link below:

http://www.dw.com/en/bank-of-england-holds-rate-steady/a-19400438

‘Irrational’ 10-year home price spike transforms Vancouver, data show

The proportion of million-dollar detached homes in Vancouver jumped from just 11 per cent a decade ago to more than 90 per cent last year – a dramatic increase that experts warn is “irrational” and could soon come to an end.

To read full article please click on the link below:http://www.theglobeandmail.com/real-estate/vancouver/ten-year-spike-in-home-prices-transforms-vancouver-new-data-show/article30898432/


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