Canadian Housing Market Shows Signs of Stabilization

Canadian Housing Market Shows Signs of StabilizationThere were signs of stabilization in the housing market as prices continued to climb in January, while total sales fell from a year before, according to the Canadian Real Estate Association. The average national sale price of a home rose two per cent from January 2012 to $354,754 last month, while the number of homes sold in January declined 5.2 per cent from a year earlier. CREA says that’s due…

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Cars, trucks both down as new vehicle sales drop in August

Cars, trucks both down as new vehicle sales drop in AugustSales of trucks and passenger cars were both down as the number of new motor vehicles sold dropped 4.8 per cent in August. That’s 128,764 new vehicles. Statistics Canada reports preliminary industry data indicate new vehicle sales increased four per cent in September. Sales of trucks (which include minivans, sport-utility vehicles, light and heavy trucks, vans and buses) fell 5.2 per cent to 73,002 in August after four straight monthly…

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Canadian Economy Continues To Soar

Canadian Economy Continues To SoarCanadians appear to be a vehicle-buying mood, according to July figures in the latest Global Auto Report from Scotia Economics. It says Canadian sales advanced to an annualized 1.65 million units last month, lifting volumes at several automakers to the highest July on record. It was the second monthly rebound in a row after a weak performance in May.  Read More…

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