RBC Royal Bank (RBC) announced on Tuesday, November 15, 2016 that it is increasing its residential mortgage rate offers, and introducing new pricing for amortizations 25 years and under, effective November 17, 2016.
Ontario government will double the maximum Land Transfer Tax (LTT) refund for eligible first-time homebuyers from $2,000 to $4,000, effective January 1, 2017. The proposed increase is detailed in the 2016 Ontario Economic Outlook and Fiscal Review:
Michael de Jong, Q.C., British Columbia’s Minister of Finance, House Leader and Member of the Legislative Assembly (MLA) for Abbotsford West will lead an economic mission to Israel on November 13-16, 2016. Dr. Moira Stilwell, MLA for Vancouver-Langara, will join Mr. de Jong as part of the province’s official delegation.
Rona Ambrose, Leader of the Official Opposition and interim Leader of the Conservative Party of Canada, congratulates American President-elect Donald Trump. She called on Prime Minister Justin Trudeau to take advantage of the new administration in order to approve the Keystone XL pipeline and to promote trade agreements that have the potential of boosting the Canadian economy.
Municipalities issued $6.9 billion worth of building permits in September, down 7.0% from August. Quebec, British Columbia and Ontario recorded the largest declines, Statistics Canada reported on November 8, 2016. The highlights of the report are: The value of non-residential building permits – commercial, institutional and industrial – was down 22.3% to $2.2 billion in September. The most notable decreases ...
Employment rose by 44,000 (+0.2%) in October as a result of more part-time work, while the unemployment rate remained at 7.0% as more people participated in the labour market, Stattistics Canada reports.
Prime Minister Justin Trudeau presented on October 7, 2016 a plan designed to ensure that Canada’s coasts “are protected in a modern and advanced way that ensures environmental sustainability, safe and responsible commercial use, and collaboration with coastal and Indigenous communities.”