Greater Vancouver home sales drop in July, new figures show + MORE Aug 3rd

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A major earthquake could pose a serious risk to Canada’s economy, says a new report from the C.D. Howe Institute that calls for action to bolster the financial system so it could better handle the aftermath of such a disaster.

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PHILADELPHIA – PHILADELPHIA (AP) _ Hill International Inc. (HIL) on Wednesday reported second-quarter net income of $1.5 million.
On a per-share basis, the Philadelphia-based company said it had profit of 3 cents.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The construction consultant posted revenue of $152.6 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $160.4 million.
In the final minutes of trading on Wednesday, the company’s shares hit $4.20. A year ago, they were trading at $4.90.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HIL at http://www.zacks.com/ap/HIL
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Keywords: Hill International, Earnings Report
The post Hill International misses Street 2Q forecasts appeared first on Canadian Business – Your Source For Business News.

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Home sales in Vancouver fall to lowest level since JanuaryA scenic view at twilight of Sunset Beach on the West End’s waterfront, English Bay, Vancouver, B.C. (Bayne Stanley/CP)
VANCOUVER — Greater Vancouver’s real estate board says homes sales last month fell to their lowest level since January, a sign that one of North America’s hottest housing markets may be slowing down.
A total of 3,226 residential properties were sold in July, down 26.7 per cent from June and an 18.9 per cent drop from July 2015.
The decline in sales didn’t dampen prices, with the benchmark price climbing 1.9 per cent in July from a month earlier to $930,400 for Metro Vancouver.
That also represents a 32.6 per cent spike compared to the same month last year.
The figures capture the last month in which foreign property buyers were not subject to a 15 per cent tax implemented Tuesday by the B.C. government.
The post Home sales in Vancouver fall to lowest level since January appeared first on Macleans.ca.

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The number of Vancouver area home sales dropped in July marking a return to more ‘normal levels, according to statistics from the Real Estate Board of Greater Vancouver.

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It’s a tough time for yield-hungry investors, but portfolio balance can reduce risk

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