According to the Canadian Centre for Policy Alternatives (CCPA), Canada is experiencing a housing bubble that is destined to pop. In a recently released report, the non-profit research group examines house price growth in six Canadian markets and puts forward a few scenarios of how prices might be affected when the bubble bursts.
Canadians are becoming [...]
According to a report released today by the Salvation Army, approximately one in nine Canadians say they have either experienced homelessness or have come close to experiencing homelessness at some point in their life. The report titled, “Poverty shouldn’t be a life sentence” is based on responses to a telephone survey conducted in late 2009 [...]
For the first time since he initially acknowledged concern over a potential bubble in Canadian housing markets, Finance Minister Jim Flaherty has openly indicated in an interview for CTV’s Question Period that higher down payments and shorter amortization periods are both on the table “if” there is further evidence of a bubble.
“If we see further [...]
An estimated 30,000 mortgages granted to Canadians with poor credit or insufficient incomes at the height of the Canadian housing boom will not be renewed when they mature over the next three years, according to a story on globeinvestor.com. The sub-prime lenders who granted the loans say that the investors who financed buyers at above [...]
Media Release
Release: Immediate
Date: Friday October 30, 2009
Contact: Mike Lobsinger, Chief Executive Officer Lake Placid Group of Companies
(Saskatoon, SK, Canada): Michael E. Lobsinger, Chief Executive Officer of the Lake Placid Group of Companies, announced today that Lake Placid is in a situation where delays have arisen around the deadline with the City of Saskatoon. For this, [...]
Renovations are already underway on the main level of the 2nd Avenue Lofts in downtown Saskatoon. According to a media release issued by The Partnership yesterday, the retail space located at the corner of 2nd Avenue North and 23rd Street East will be home to the Uptown Market, a full service independent grocery store which [...]
The trades training centre at Mount Royal Collegiate will undergo a $3.6 million dollar expansion in a joint effort between the federal and provincial government according to a story on the Star Phoenix website. Nearly $3.2 million dollars in funding will be provided by Western Economic Diversification Canada while the province contributes roughly $366,000.
“In order [...]
Saskatoon city council, in a special emergency meeting today, granted a final extension to Lake Placid Developments to cough up the $4.55 million for land the developer purchased at River Landing by October 30 2009. The extension is conditional upon the developer paying interest to the City of Saskatoon in the amount of $214,197 by [...]
According to a story in today’s Star Phoenix, Lake Placid Developments is seeking a one-year extension on the current deadline to complete the excavation of the building site for its proposed $200 million River Landing development.
In a letter to the city, the developer requested an extension to June 30, 2010. City manager, Murray Totland will [...]
I received this email today stating that the title issues we previously heard about that were holding Lake Placid back on the River Landing Village project have been resolved and that construction will begin “as soon as changes are complete.”
Dear Norm,
“The legislation needed to move forward with two of the biggest private developments in the [...]
A story titled, “Canada’s dirty subprime secret,” appears in today’s Globe and Mail and claims that Canadian leaders are simply wrong about the extent to which the subprime mortgage mess will affect Canadians. According to the Globe’s report, it’s a bigger problem than we might have expected and its effects are already being felt in [...]
