Nova Scotia predicted to help boost growth in home sales
The number of Canadian homes sold this year will outpace 2011 while prices will hold steady in most parts of the country, the country’s largest real estate association said Monday in a rosy revision to its 2012 outlook. The Canadian Real Estate Association said the number of home sales will grow by 0.3 per cent this year to 458,800 from …
Read MoreCanada tops expat survey for best quality of life
While their cost of living has increased compared to five years ago, the quality of life for most expats hasn’t reduced, according to the latest Quality of Life index from NatWest International Personal Banking. Canada has the best quality of life for the third time since the index began and the United Arab Emirates has risen from tenth to sixth …
Read MoreBrazil forecasts higher 2012 growth, lower inflation
Brazil will see stronger economic growth this year than in 2011 despite a sluggish global economy, while inflation is edging downward toward the official target of 4.5 percent, the central bank president said Tuesday. “The expectation is that the world economy will slow down in 2012. But the Brazilian economy should accelerate its growth in 2012,” Alexandre Tombini told the …
Read MoreBrazil economy ends 2011 in higher gear
Economic activity in Brazil rose 0.57 percent in December from November, the second increase in a row, adding evidence of a rebound in Latin America’s largest economy after interest rate cuts and tax incentives. The central bank’s IBC-Br economic activity index , a closely watched proxy for gross domestic product data, rose 0.27 percent in the fourth quarter from the …
Read MoreCREA 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 …
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