#SpikeinCanada’sHomeSales; #FederalElectionCampaign; #CREA
Ottawa, Oct 16 (Canadian-Media): A 15.5 percent spike in Canada’s home sales in September compared with last year, and with record prices in Toronto and its surrounding suburbs with great affordability concerns have become the main focus in the federal election campaign, media reports said.
CREA. Image credit: Facebook page
After hitting a six-year low in February, Canada's home sales have grown for the seventh straight month mainly due to tougher mortgage requirements and a tax on foreign purchases of real estate in Vancouver and Toronto.
Canada's increase in sales activity follows corresponding increase in sales prices. The Canadian Real Estate Association (CREA)'s composite benchmark home price including detached houses, townhouses and condos, rose more than 1 percent to $629,200 in September, compared with last year.
Toronto region witnessed an increase of 21 percent in the sales growth and Vancouver area revealed 45 percent in sales, reported CREA.
Ottawa, Oct 12 (Canadian-Media): The trend of Canada's employment gains continues with 53,700 jobs added in September, Statistics Canada reported.
Statistics Canada. Image credit: Twitter handle
But as the job growth far outpaces the underlying economy, some economists worry that amid uncertainties about trade deals and the global economy, the increase of staff by companies may actually hider needed capital investments.
But a discrepancy in provinces' job growth exists. In September, while employment increased in Ontario and Nova Scotia. employment in all other provinces remained almost unchanged. But Newfoundland & Labrador, Alberta and Manitoba showed signs of employment decline.