Friday , 21 July 2017

Banking

Market Update by Integral Wealth

The major stock markets are down around the world, having dropped over the past few months with the losses intensifying over the past few weeks.   Global concerns around Greece started the negative trend followed by the sharp decline in the Chinese stock market triggering a steep sell off .  The TSX now sits where it did at the start of ... Read More »

VIU Inks Five-Year Deal With Its CUPE Employees

Vancouver Island University (VIU) was one of 14 post-secondary institutions in the province to ratify an agreement with its unionized workers under the BC Economic Stability Mandate. The local agreement, announced July 30, was part of a series of deals involving nearly 7,500 employees across the province. VIU ratified a deal with its approximately 400 CUPE Local 1858 support staff. ... Read More »

CIBC National Survey: Most Canadians Expect To Be Debt Free

A recent poll carried out by the Canadian Imperial Bank of Commerce (CIBC) found that on average Canadians expect to be debt free by the time they are 56 years old although some Canadians see themselves carrying debt well into their sixties. CIBC released the results of the survey July 27. An additional finding was that nearly one third of ... Read More »

Royal LePage: New Island Real Estate Powerhouse

Royal LePage Real Estate Services formally announced its acquisition of Nanaimo-based Coast Realty Group in a media release from its Toronto head office on July 22. The merger with the resources of Coast Realty positions Royal LePage to assume a far more demanding position within the Vancouver Island real estate industry. “I am thrilled to welcome the more than 150 ... Read More »

CREA Report: National Home Sales Down Incrementally In June

While residential home sales activity in British Columbia was buoyant last month, national sales statistics recorded a drop of nearly one percent, according to information released by the Canadian Real Estate Association (CREA). The organization’s Chief Economist, Gregory Klump, said that while the number of homes sold last month was down incrementally, the price of the properties sold was actually ... Read More »

BCREA Podcast: Housing Sales Figures Up – Inventories Down

June was a good month for home sales in BC, with more than 11,000 properties changing hands, according to statistics released by the British Columbia Real Estate Association (BCREA) July 15. In the Association’s monthly video podcast Economist Brendon Ogmundson said June was the second strongest June on record in terms of residential home sales. When comparing the first half ... Read More »

Bank Of Canada Lowers Its Rate & Economic Growth Prediction

The Bank of Canada announced July 15 that it is lowering its target for the overnight rate by one-quarter of one percentage point to 1/2 percent. The Bank Rate is correspondingly 3/4 percent and the deposit rate is 1/4 percent. Total Consumer Price Index (CPI) inflation in Canada has been around 1 percent in recent months, reflecting year-over-year price declines ... Read More »

BC Hydro & Electrical Workers Ratify Five-Year Agreement

Labor disruptions between BC Hydro and its electrical workers are unlikely for the next few years, following the ratification of a new collective agreement, announced July 13. The International Brotherhood of Electrical Works (IBEW) and the board of BC Hydro have ratified an agreement negotiated under the Economic Stability Mandate. The five-year agreement, effective April 1, 2014, to March 31, ... Read More »

VIREB President’s Report: Home Sales Up Sharply Over 2014

In his monthly video podcast Jason Finlayson, President of the Vancouver Island Real Estate Board (VIREB) reported that home sales last month across the VIREB coverage area was up sharply when compared to last year. In June 636 homes sold in the VIREB area, up sharply from the 469 sold in June 2014. The inventory of available home is shrinking ... Read More »

Economic Summit Workshop To Explore Business Finance

While still months away, the agenda for the upcoming 2015 State of the Island Economic Summit is starting to take shape. Organized annually by the Vancouver Island Economic Alliance (VIEA), the Summit brings together a range of keynote speakers, dignitaries, business related information and a unique networking opportunity for Vancouver Island’s business and community leaders. One of the sessions on ... Read More »