RioCan to step up investment in urban properties: CEO + MORE Sep 22nd

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Some of the most active companies traded Thursday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,797.18, up 86.36 points):
Encana Corp. (TSX:ECA). Oil and gas. Up 20 cents, or 1.63 per cent, to $12.45 on 9.5-million shares.
Kinross Gold Corp. (TSX:K). Miner. Down 13 cents, or 2.20 per cent, to $5.77 on 6.8-million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 23 cents, or 4.52 per cent, to $5.32 on 6.5-million shares.
B2Gold Corp. (TSX:BTO). Miner. Down six cents, or 1.50 per cent, to $3.94 on 6.2-million shares.
Teck Resources Ltd. (TSX:TCK.B). Miner. Down $1.92, or 7.94 per cent, to $22.27 on six-million shares.
Eldorado Gold Corp. (TSX:ELD). Miner. Up three cents, or 0.54 per cent, to $5.55 on 5.5-million shares.
Companies reporting major news:
WestJet (TSX:WJA). Airline. Up 47 cents, or 2.03 per cent, to $23.60 on 300,547 shares. WestJet has signed a code-share agreement with Hainan Airlines that will see the Chinese carrier place its HU code on WestJet-operated flights…

Continue Reading On canadianbusiness.com »

B.C. Premier Christy Clarke says she is pleased by the dramatic impact her tax on foreign buyers is having on Metro Vancouver’s residential real estate market.

Continue Reading On cbc.ca »

VICTORIA – Property purchase data released today by British Columbia’s Finance Ministry indicates a stampede by prospective foreign buyers to avoid paying a 15 per cent tax in the days before the Aug. 2 deadline.
But the numbers also reveal the sudden rush slowed to a trickle after the deadline.
A ministry statement says that on July 29, the last business day before property transactions could be registered before the new tax took effect, 55 per cent of all residential property deals in Metro Vancouver involved foreign nationals.
The statement says more than $850 million in property transactions involving foreign nationals were registered at the land titles office on July 29.
Government statistics show declines in real estate transactions involving foreign nationals since the introduction of the foreign buyers tax.
The figures indicate 1,974 property deals in Metro Vancouver involved foreign buyers from June 10 to Aug. 1, but that number dips to just 60 property transactions involving foreign buyers from Aug…

Continue Reading On moneysense.ca »

RioCan owns about 300 properties across Canada

Continue Reading On theglobeandmail.com »

The Globe and MailFigures show B.C. foreign buyers tax set off completion frenzy before deadlineWinnipeg Free PressVICTORIA – Property purchase figures released Thursday by British Columbia's government reveals a stampede of foreign home buyers scrambling to avoid paying an additional 15 per cent a tax in the days before the Aug. 2 deadline. The numbers also …Foreign buying of Metro homes plunged after new taxVictoria NewsPlunging foreign investment in Vancouver real estate 'the impact we wanted': BC premierYahoo News Canada (blog)Home sales cool quickly in VancouverCBC.caMetroNews Canada -Business in Vancouver -Globalnews.ca -Bloombergall 22 news articles »

Continue Reading On Winnipegfreepress.com »

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