CREA Says Canadian Real Estate Prices Could Increase by up to 9.3% This Year
The Canadian Real Estate Association thinks residential property prices could increase by as much as 9.3% this year due to a strong domestic economy and continued interest from international buyers. This does sound pretty high, especially as prices rose by 4.52% in the year ending June 2011, according to figures from the National House Price Index. The previous two years …
Read MoreGlobal partnerships key to Atlantic Canada’s growth
Entrepreneurial financing in Atlantic Canada is expanding rapidly. Halifax alone has more than 1,200 financial services firms with 14,000 employees, and Bank of Nova Scotia and Royal Bank of Canada both trace their roots back to Nova Scotia. So it’s interesting to note that only 7 per cent of small businesses in the country are in Atlantic Canada, according to …
Read More2012 will be a great year for the Atlantic Canada Cruise Association
When you think of cruise ship destinations, Atlantic Canada might not immediately come to mind, but a growing number of Americans and Europeans are eyeing Atlantic Canada as a choice destination for a summer or fall cruise getaway. “We expect 2012 to be a great year,” said Betty MacMillan, chairwoman of the Atlantic Canada Cruise Association. “We’re expecting more than …
Read MoreHalifax house sales up 34% after Irving deal
The real-estate market in the Halifax area heated up after the announcement of a major ship-building contract, new figures show. The Nova Scotia Association of Realtors statistics show sales increased 34 per cent by November 2011, compared to a year earlier. Wayne MacIntosh, the president of the association, said he thinks it was a reaction to the $25 billion ship-building …
Read MoreShell taps into Nova Scotia’s offshore oil potential with four drilling permits
The board said Shell’s combined $970-million bids for the four projects were the highest it had received. Peter MacKay, Minister of National Defence and Regional Minister for Nova Scotia, said that the bid highlighted the reinvigorated interest in Nova Scotia’s offshore oil potential, which could be as much as eight billion barrels of oil. “Exploration off Nova Scotia’s coasts ensures that our …
Read MoreCanada – Rock-solid Financial Services
Amidst the global financial turbulence, Canada stands out as a safe – and financially sound – destination for investors. From the World Economic Forum to the International Monetary Fund, Canada earns top marks for having the strongest banking system and has one of the most highly developed financial services sectors on the planet. Canada’s financial services industry is world-class and …
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