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Construction Spending, Canada and US
The value of investment in Canada’s new residential building construction rose 4.3 per cent year over year to $4.7 billion in October, following a 4.8 per cent gain the previous month, said Statistics Canada December 22. The increase at the national level was mainly attributable to higher construction spending on apartment and apartment-condominium buildings, which…
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Madison’s Seasons Greetings…
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US Real Estate Conditions Year-End 2015
“Rents Will Rise Faster Than Home Prices In 2016, Consumers Say,” screams a headline from The Mortgage Reports Wednesday. “According to Fannie Mae’s most recent National Housing Survey, US consumers expect that home prices will climb 2.3 per cent between now and next year; and that rents will rise by nearly double that amount.” Each…
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Madison’s Seasons Greetings…
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Canada Gross Domestic Product: 3Q 2015
Canada’s real gross domestic product (GDP) rose 0.6 per cent in the 3Q, according to Statistics Canada December 1, following two consecutive quarterly declines. The quarterly growth was driven by increased international demand for Canadian goods and services as exports grew 2.3 per cent. Final domestic demand was flat after edging up 0.1 per cent…
