Early data shows foreign nationals buying 5% of Metro Vancouver homes sold – CBC.ca + MORE Jul 8th

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CBC.caEarly data shows foreign nationals buying 5% of Metro Vancouver homes soldCBC.caPreliminary data collected by the B.C. government on foreign investment in the province's sizzling real estate market shows that in Metro Vancouver five per cent of all real estate purchases were made by foreign buyers, almost all of them Chinese …5% of Metro Vancouver homes bought by foreigners: B.C. government dataMetroNews CanadaProvince says 3% of homes in BC bought by foreign nationalsNews1130Chinese buyers of BC real estate in June just 3% (Updated)Business in Vancouverbnn.caall 24 news articles »

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Find Success in the Markets by Understanding Currency PairsCurrency pairs are a subject that definitely get the most questions, according to Forex experts. Those new to the world of Forex trading may be often confused by all of the talk about indicators, candlesticks or technical analysis when really, they need to get to grips with the basics of the Forex market – currency pairs. In the stock market, you buy and sell shares of companies. But, what if you wanted to buy and sell a currency? That is exactly how the Forex market works.

Currency Pairs Explained
All trades made in Forex will include simultaneously buying one currency and selling another, however, the currency pair itself can be viewed as one single unit. If you purchase a currency pair, you are buying the base currency and selling the quote currency. The buy price, known in Forex as the bid, refers to how much of the quote currency is needed in order for you to get one unit of the base currency. The sell, or ask price, indicates how much of the quote currency you will get for selling one unit of the base currency…

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Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,134.46, down 96.60 points):
B2Gold Corp. (TSX:BTO). Miner. Down 16 cents, or 4.20 per cent, to $3.65 on 8.5 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 21 cents, or 2.83 per cent, to $7.22 on 8.2 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Up eight cents, or 0.88 per cent, to $9.21 on eight million shares.
Kinross Gold Corp. (TSX:K). Miner. Down 42 cents, or 5.65 per cent, to $7.02 on 7.4 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Down 29 cents, or 2.92 per cent, to $9.65 on 6.1 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down 24 cents, or 3.16 per cent, to $7.36 on 5.9 million shares.
Companies reporting major news:
Postmedia Network Canada Corp. (TSX:PNC.B). Media. Up 1.5 cents, or 100 per cent, to three cents on 620,033 shares. Postmedia announced a proposal Thursday that will slash its $648-million debt by nearly half and give its lenders shares in the company in exchange…

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Your finances are never in better shape than before you buy your first house – the serious financial hits come after you move in

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VANCOUVER – A number of reports were issued Thursday about Vancouver’s red-hot real estate market. Here are some of the key findings from those reports:
— Airbnb says the average host in Vancouver makes an income of about $6,500 annually by occasionally renting out space in their home and uses at least half of what is made to pay for their rent or mortgage, or to cover the cost of household items like groceries.
— The provincial government says just over three per cent of sales between June 10 and June 29 involved foreign buyers, mostly from China. Forty-seven of those transactions occurred within the city of Vancouver while 260 involved properties around Metro Vancouver.
— Sotheby’s International Realty Canada says in the first half of this year, there was a 100-per-cent increase in the sale of homes that cost more than $4 million in Vancouver, as 439 properties in that price range changed hands.
— Canada’s largest credit union warned that young workers who have long since abandoned hope of owning a home in the Vancouver area are now being priced out of the city’s rental market…

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