Court order sale. Centrally located Brock townhouse with 3 bedrooms, and 2 full bathrooms. Updated kitchen, bathrooms, some new vinyl windows, large storage area, private yard. Sold as is, where is. All offers must be subject to court approval. All offers must have a deposit equal to or greater than 5% and payable upon acceptance. Schedule A to accompany offer. Court order #45832
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This is the latest release from the BC Real Estate Association on October 25, 2011.
As was universally anticipated, the Bank of Canada opted to hold its target overnight rate at 1 per cent this morning. Ongoing uncertainty in the Euro-zone continues to weigh heavily on the Bank’s outlook. In its statement accompanying the interest rate decision, it was noted that the bank is now projecting a contained Euro-crisis, but also a brief recession in the Euro-area due to ongoing deleveraging and fiscal austerity. The Bank also expects continued weakness, but no recession, in the United States through the first half of 2012 before a resumption of stronger growth. Given various challenges in the global economy, the Bank of Canada trimmed its outlook for Canadian economic growth to 2.1 per cent in 2011, 1.9 per cent in 2012 and 2.9 per cent in 2013 which is in line with our own forecast. On inflation, the Bank now expects slack in the economy to persist longer than originally forecast, leading to a closing of the output gap at the end of 2013. This implies softer than expected inflation in coming quarters, with consumer price growth moderating before returning to the Bank’s 2 per cent target by the end of 2013.
Overall, this morning’s statement shows a very cautious Bank of Canada that is unlikely to make any significant movements on interest rates over the next two to three quarters. Further monetary tightening will be highly contingent on a brighter growth outlook in the United States and a credible solution to the Euro sovereign debt crisis. Therefore we expect the Bank of Canada to remain on the sidelines through the end of 2011 and the first half of 2012.
This article appeared in the Kamloops This Week on October 19th, 2011 and was written by Jeremy Deutsch.
Construction in Kamloops this year could go down as the tale of two sectors. While residential-permit activity at city hall has taken a bit of a dive in 2011, commercial construction has been there to pick up the slack.
Through September in 2011, the city has handed out $50 million in commercial building permits, compared to $40 million at the same time last year. However, the $79 million in residential permits issued is a drop from the $107 million in 2010.
The city has recorded $137 million in construction activity in 2011, compared to $153 million through the same span last year. In September, the city handed out $11.4 million in building permits, compared to $14.8 million during the same month in 2010.
David Trawin, director of development and engineering services, said the solid numbers from September were better than expected. “It’s one of the strongest commercial years, which has helped keep us strong,” he said. Trawin is now predicting the city will hit $150 million in overall permits, exceeding the target for the year.
In 2010, the city issued $191-million worth of building permits, but expected that number to drop in 2011 to about $140 million.
The city issued $2.3-million in commercial-building permits for the month, a slight dip from the $2.9-million value in September 2010.
The number of single-family permits issued in September hit 14, two-thirds of the 21 permits issued at the same time last year. The city handed out $7.6-million worth of residential permits last month, compared to $10.8 million in September 2010.
Kamloops has only topped the $200-million mark in permits once, in 2008, when it doled out $207-million worth of permits, which remains a record.
Court order sale. Centrally located Brock townhouse with 3 bedrooms, and 2 full bathrooms. Updated kitchen, bathrooms, some new vinyl windows, large storage area, private yard. Sold as is, where is. All offers must be subject to court approval. All offers must have a deposit equal to or greater than 5% and payable upon acceptance. Schedule A to accompany offer. Court order #45832
Construction in Kamloops this year could go down as the tale of two sectors. While residential-permit activity at city hall has taken a bit of a dive in 2011, commercial construction has been there to pick up the slack.
