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  • June flood impacts property assessments

    January 3, 2014 7:19 PM 19

    CALGARY – Calgarians can expect to see an average hike of six per cent when they receive their 2014 assessments. The City of Calgary says properties in northeast Calgary had the highest increase in average value. However, homes in parts of Calgary impacted by June flooding have seen a sharp decline in their assessments. The city says 1,939 properties

  • Cautious Deloitte forecast calls for lower oil, flat natural gas prices

    January 3, 2014 6:45 PM 22

    CALGARY - A new forecast by Deloitte paints a bearish picture for energy prices, with oil expected to dip and natural gas to stay relatively flat. The financial services firm predicts West Texas Intermediate prices will be US$95 per barrel for 2014, dropping to US$90 the following year and US$85 by 2018. It sees natural gas prices on the New York Mercantile

  • 2014 Property Assessments are in the mail

    January 3, 2014 6:31 PM 14

    The majority of property and business owners in Calgary will find an increase in the assessed value of their homes and businesses when they receive their 2014 Assessment Notice from the City of Calgary. The average assessment of a single residential property in Calgary is $430,000 and the average condo unit is $260,000, jumps of approximately six per cent from the 2013 assessments

  • City's housing market shows signs of cooling

    January 3, 2014 5:06 PM 28

    After years of rising prices in a red hot economy new numbers reveal the housing market in Saskatoon is cooling off. In 2013 there was a nine per cent increase in the number of units listed over 2012 while sales rose only one percent. The sales to listing ratio also dropped, meaning more houses are on the market and some could be overpriced. Jason Yochim

  • Stocks recoup some of their losses from a slow start to New Year the day before

    January 3, 2014 3:35 PM 8

    NEW YORK, N.Y. - Stocks rose in early trading Friday, recouping some of their losses after a weak start to 2014 the day before. The stock market started the New Year with a thud on Thursday, declining on the year's first day of trading for the first time since 2008. Trading has been quiet this week before and after the New Year's Day holiday on Wednesday

  • Construction of Regina apartment units up in 2013

    January 3, 2014 2:51 PM 17

    Although building permits were down in 2013, there is some "remarkable" news in the housing numbers, particularly apartments, Regina Mayor Michael Fougere says. From January to December, there were a total of $734.7 million worth of building permits issued. That's down from the $773.3 million issued in 2012. The drop is due to a decline in the value

  • TSX expected to rise amid tepid Chinese data

    January 3, 2014 1:28 PM 13

    TORONTO -- The Toronto stock market looked set to move slightly higher Friday amid disappointing data from China and preparations for the start of the U.S. fourth quarter earnings season next week. The Canadian dollar rose 0.41 of a cent to 94.1 cents US amid a generally weaker U.S. currency. New York futures were positive with the Dow Jones industrial

  • Paying down debt remains top financial priority of Canadians: poll

    January 3, 2014 9:05 AM 13

    TORONTO – Paying down debt remains the top financial priority of Canadians, although a new poll says slightly fewer have made it their top pick compared with the previous two years. The poll, conducted for CIBC (TSX:CM) by Harris/Decima, found that overall 16 per cent of respondents said lowering debt was their No. 1 priority for 2014. However, it was five percentage

  • Greater Victoria home assessment values slip as much as 5%

    January 2, 2014 11:52 PM 24

    Most owners of single-family and strata-titled homes in Greater Victoria will see their property assessments slide by two to five per cent this year. It follows a similar drop of between two and six per cent in assessments the previous year. The latest assessments reflect changes in the market between July 1, 2012, and July 1, 2013, said Reuben Danakody

  • Edmonton neighbourhoods in the area of the planned downtown arena see higher tax assessment

    January 2, 2014 11:36 PM 9

    A little landscaping or a new extension can go a long way increasing the property value of a home -- and as it turns out, so does a new arena down the street. The City of Edmonton property assessments went out Thursday and two of the city's most underprivileged areas have topped the list of highest increases from last year. Boyle Street assessments for single-family