Alberta real estate headed for U.S-style recession
According to a report from the Globe and Mail, Alberta's real estate woes could pose a danger to the country's economic picture as homeowners are rushing to sell and buyers disappear from the market. There is talk the market is overvalued by as much as 30 per cent but are we likely to see a U.S. style crash?
Hamilton investments rated 2nd in Ontario
And the city of Hamilton is getting some good reviews as it was ranked 2nd for real estate investment opportunities in Ontario by the Real Estate Investment Network. According to a report in the Hamilton Spectator, Hamilton has seen several years of record breaking building permit values at $1 billion in 2013. Find out more on the Spec's website.
Companies team up to buy potential oil field
Out on the Atlantic, Irving Oil and TransCanada are teaming up to buy real estate in Red Head, Saint John. According to the CBC, Irving Oil Ltd. and TransCanada Corp. have both been active in the real estate market in the Red Head area in recent weeks. TransCanada and Irving Oil Ltd. have also formed a joint venture to build and operate a new $300-million deep water marine terminal. Find out more in the full story on CBC.