US economy shrank in first quarter amid collapse in exports

May 30, 2015 under Useful Articles
By Szu Ping Chan 1:42PM BST 29 May 2015 World’s largest economy contracts by 0.7pc on an annualised basis, as the strong dollar acts as a headwind to the recovery. However, the fall was shallower than the prediction of a 0.9pc contraction by analysts The US is on course for its worst first half performance in four years, after revised data showed the economy shrank in the first quarter. The world’
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Tony’s Latest Updates – May 22,2015

May 22, 2015 under Tony's Latest Updates
Vancouver’s economy is in high gear. The labour market and migration from Provinces is expanding. Vancouver’s Economy is expected to outpace all other Canadian cities, with its economy expected to expand 3.2% next year and 3.5% in 2017. To compare, Canada’s largest city’s annual growth over that time period is projected to be 2.9% per year. These factors combined with low interest rates and high demand from
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Barbara Yaffe: Vancouver leading country in economic growth, sparking ever-more demand for housing. Our robust economy will outpace that of every other sizable Canadian city over the next few years.

May 22, 2015 under Useful Articles
By Barbara Yaffe, Vancouver Sun Columnist May 21, 2015 Vancouver’s economic growth will put even more pressure on the housing sector. Photograph by: Ward Perrin , PNG VANCOUVER — Vancouver’s robust economy will outpace that of every other sizable Canadian city over the next few years. A recent Conference Board of Canada report examining the health of 13 Canadian metropolitan economies credits the regio
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It’s official – Britain is in deflation

May 20, 2015 under Useful Articles
By Szu Ping Chan 10:50AM BST 19 May 2015 The UK has tipped into deflation – with overall prices for goods and services falling – for first time since records began Britain has tipped into deflation for the first time in more than half a century. Prices, as measured by the consumer prices index (CPI), fell by 0.1pc in the year to April, following zero inflation in February and March. This is t
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New building permits hit record high in B.C. Record spending plans seen for condos and apartment towers across the province, particularly in Metro Vancouver, where demand for housing continues to outstrip supply

May 10, 2015 under Useful Articles
By Kelly Sinoski and Tiffany Crawford, Vancouver Sun May 7, 2015 Condo and apartment construction could boom this summer in Metro Vancouver, as the value of building permits for multi-family dwellings issued in March hit a record high, according to Statistics Canada. Photograph by: Ian lindsay , Vancouver Sun METRO VANCOUVER – B.C. is headed for a construction boom not seen since 2008, with record spendin
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Tony’s Latest Updates – May 8,2015

May 7, 2015 under Tony's Latest Updates
Vancouver and Toronto real estate prices continue to defy gravity and have reached new record highs. The average price of a detached home in metro Vancouver rose almost 13% last month to $1.1 million. Sales also surged 37% in April versus the same month last year. Most areas of lower mainland are in a ‘sellers’ market and purchasing a home has never been more challenging. The low interest rates have helped, but
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Canadians support tighter mortgage rules

May 6, 2015 under Useful Articles
by Jamie Henry | 06 May 2015 Tightening mortgage rules are supported by 80 per cent of Canadians according to a new poll for the Globe and Mail. The study carried out by Nanos Research shows that 41 per cent of respondents would ‘somewhat support’ making lending rules tougher with 39 per cent in support. Those who would ‘somewhat oppose’ tougher rules accounted for 12 per cent of respondents with those who
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