Asia gains as China shares surge on stimulus hopes – Reuters Canada + MORE Jan 19th

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TOKYO – Chinese shares were buoyed but the rest of Asian stock markets were largely flat Tuesday after China’s quarterly economic growth met expectations, calming some of the investor jitters in the region.
KEEPING SCORE: China’s Shanghai Composite was up 2.5 per cent at 2,985.24 and Hong Kong’s Hang Seng gained 1.4 per cent to 19,507.55. Australia’s S&P/ASX 200 added 0.9 per cent to 4,903.10. Japan’s Nikkei 225 stayed the same, inching down 0.02 per cent to 16,952.85. South Korea’s Kospi added 0.3 per cent to 1,883.60. Other regional markets were mixed, gaining in Taiwan, Singapore, Thailand and New Zealand, while falling in Indonesia and the Philippines.
CHINA ECONOMY: China’s economic growth edged down to 6.8 per cent in the final quarter of 2015 as trade and consumer spending weakened. The quarterly growth figure was the weakest in six years and 6.9 per cent growth for the full year was the lowest in 25 years. That was in line with market expectations but some analysts had forecast a much sharper slowdown…

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VICTORIA – Real estate economists want British Columbia’s government to tax foreign property owners and speculators despite Finance Ministry forecasts that the province could lose $1 billion in sales and up to 4,000 construction jobs.
Premier Christy Clark has said housing relief for first-time home buyers is a concern as the government prepares to deliver its budget next month, but she has shot down previous requests for speculation and luxury taxes on foreign investors to cool rising prices.
Thomas Davidoff, a housing economist at the Sauder School of Business, said Monday real estate experts from B.C. universities and business schools have proposed a 1.5-per-cent tax on vacant residential properties to create more rental properties and increase affordability.
The Housing Affordability Fund plan comes as rental-vacancy rates in Vancouver slipped below one per cent last year and the average selling price for a single-family home on the city’s west side is above $2.5 million…

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CBC.caChina posts lowest full-year growth in 25 yearsCBC.caChina's economic growth edged down to 6.8 per cent in the final quarter of 2015 as trade and consumer spending weakened, dragging full-year growth to its lowest in 25 years. Growth has fallen steadily over the past five years as the ruling Communist …China growth edges down, fueling anxiety over global outlookCanadianBusiness.comChina's 2015 economic growth slowest in 25 yearsMail & Guardian OnlineChina economy grows at slowest pace in 25 years, latest GDP figures showThe GuardianThe Australian Financial Review -BBC News -Xinhuaall 829 news articles »

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NDTVAsia gains as China shares surge on stimulus hopesReuters CanadaTOKYO (Reuters) – Asian shares were mostly higher on Tuesday as Shanghai stocks surged after data pointing to slower Chinese economic growth fanned stimulus hopes. Spreadbetters expected Europe to follow Asia's lead and forecast a higher open for …China economic growth weakest since 2009Irish TimesChinese shares buoyed but rest of Asia flat on China growthThe Province (blog)US stock futures power ahead, tracking China marketsMarketWatchBloomberg -The Australian Financial Review -AsiaOneall 489 news articles »

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The Toronto Real Estate Board expects home sales in Canada’s largest city will be strong in 2016 and may set a record.

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