Based on the United Nations Development Programme’s Human Development Index, 24/7 Wall St. has compiled a list of the most and least livable countries. Data from the Human Development Index is based on three dimensions of human progress: Having a long and healthy life, being knowledgeable, and having a good standard of living. According to 24/7 Wall St.’s finding, Norway is the most livable country, while Nigeria is considered to be the least livable. [Read more…]
Archives for October 2014
This past summer, CMHC attempted to determine the percentage of condos in Canada that are owned by domestic investors. Since then, it has admitted uncertainty of what percentage of condos are owned by foreign investors. [Read more…]
The new Homeless Prevention Program (HPP) will assist British Columbians who are at risk of becoming homeless.
Supporting four at-risk groups with finding homes in the private market, rent supplements, and support services, these groups include: youth transitioning out of foster care, women who have experienced violence or are at risk of violence, individuals leaving the hospital and correctional systems, and Aboriginal people. [Read more…]
A recent news report suggests that Canadian homeowners are paying down their mortgages faster than most think.
According to a CIBC World Markets study, homeowners are taking advantage of record-low interest rates to accelerate their mortgage payments, and therefore shorting their amortization periods. The study shows that homeowners are paying an additional $11 billion a year in principal, which isn’t being officially recognized by the Bank of Canada. [Read more…]
Canada’s housing market is off to a solid start this fall, with new data pointing to a near-11 percent rise in sales for September compared to a year ago. [Read more…]