Aug 30

August brings us lots of exciting news with home renovations in Canada.

Home Depot stocks are Up

The slumping economy has not affected the home renovation Giant. Home Depot’s Stock price is $39.67.

BC Builders caught in HST Rejection Uncertainty

In July BC introduced the HST to home renovation labor. Ultimately this added 7% to the cost of labor in BC which has caused uncertainty in home renovations.

Ontario’s Affordable House Plowing Forward

481 million in provincial funding for affordable housing is moving forward in Ontario. Ottawa and Queens Park agreed July 12, 2011 to share the costs equally.

Richmond Hill Home Lists for 6 Million

A home completed in 2010 by Roy Segal, the builder/homeowner of 19 Maryvale Cres. has listed on the market for 5.995 million.

Lowes Has Become a Risky bet for Bond investors

Lowes is trading in credit which has caused bond investors to have lower confidence. Lowes has lowered its annual profit forecast.

Mother Nature Hammers Goderich

Packing winds of 250 to 300 KMS per hour a tornado decimates the small Ontario town of Goderich. Sadly one man was killed while working at the Sifto salt mine. Today, almost all Hydro has been restored.

Bank Rates Drop in Support of Housing Market

On September 7, 2011 the Bank of Canada will meet to determine the future of interest rates. Banks are adjusting interest rates to compete with individual lenders.

Toronto Home Sales Sink in July

Despite being on target to have one of the yearly largest home sales in history July sales are down 22 percent compared to June.

Exciting Fall Events in Toronto

Newly renovated Toronto event venues are slated to open this fall.

The Playpen, Bier Markt, Gladstone Hotel, Bloor Cinema, DonDon Izakaya, The Screen Lounge, FountainBlu, Toronto Reference Library, SPiN Toronto and Trump International Hotel and Tower.

GTA Helps Drive National Housing Price Index Up

Toronto housing prices continue to rise which influences the average price of homes for sale in Canada. The Canadian housing price index rose 0.3 per cent in June.

Toronto housing affects the prices of homes in Canada. While the US economy continues to dive Toronto is still on target to have one of the biggest years in home sales ever. It’s also nice to see the banks trying to compete with individual lenders.

Home Depot’s stocks are up while Lowe’s are falling.

In Ontario 481 million will be put into affordable housing.

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