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Suncor, Imperial in best position to buy oil assets: Citigroup
– theglobeandmail.com
Rise in luxury home sales in Toronto, Vancouver expected
– moneysense.ca
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TORONTO – Sotheby’s International Realty Canada says turbulence on the Chinese stock market could send buyers from mainland China flocking to Canadian luxury real estate this fall.
The realtor predicts that sales of homes worth over $1 million will rise in Toronto and Vancouver, while Montreal’s luxury market should be balanced and Calgary’s will slow due to the effects of declining crude prices.
Sotheby’s says sales gains are expected to be highest in the over $4 million category in the Toronto and Vancouver areas this fall, although higher sales volumes are expected in the $1-million to $4-million range, as well.
The realtor lists increased demand from international investors alongside limited inventory, historically low interest rates and heightened consumer confidence as the factors expected to fuel sales growth in Canada’s two hottest real estate markets.
In Calgary — where the luxury real estate market turned down in the first half of the year due to lower oil prices and a dip in consumer confidence — sales likely will continue to decline…
TD banker specializing in financial institutions to leave
– theglobeandmail.com
K+S shareholders like offer, Potash CEO says
– theglobeandmail.com


