Oil sands production to near four million barrels a day by 2030

IHS Markit report projects slower pace of investment and growth in Canadian projects

Oil sands production to near four million barrels a day by 2030Canadian oil sands productions is expected to reach nearly four million barrels a day by 2030, or almost one million barrels more than today, according to a new 10-year production forecast by IHS Markit. But the business information provider also says production is set to enter a period of slower annual growth. “Large-scale oil sands…

Ken LeBlanc is on a mission to create clarity around real estate

The CEO of PropertyGuys.com talks about why the status quo no longer serves consumers and what his company is doing about it

Ken LeBlanc is on a mission to create clarity around real estateKen LeBlanc is CEO and founder of PropertyGuys.com. Tell me about PropertyGuys.com. What it is and what it does? LeBlanc: At PropertyGuys.com, we put the customer back in the driver’s seat so they can take control of their real estate experience. Our private sale approach allows sellers to remain securely at the centre of their…

Millennials starting to drive recreational property market

New buyer demographic comes with different lifestyle and property criteria than those of their boomer counterparts: RE/MAX

Millennials starting to drive recreational property marketThe majority of millennials are in the market to purchase a recreational property, according to a new RE/MAX survey conducted by Leger and released on Thursday. The survey found 56 per cent felt that way compared with 42 per cent last year in the survey. The real estate company said the increase in buying intentions…

Canmore leads recreational property price rises in Alberta

Royal LePage report says recreational property in Canada saw healthy price gains leading up to the 2019 spring market

Canmore leads recreational property price rises in AlbertaDriven by price gains in Canmore, the largest reporting region in Alberta, the aggregate price of a single-family home in recreational regions rose 10.2 per cent to $819,583, according to a report real estate firm Royal LePage. The report said the aggregate price in the province is expected to increase 2.4 per cent in 2020.…

Production in all primary energy sectors rises

And StatsCan says exports of crude oil and equivalent products increased in March

Production in all primary energy sectors risesProduction in all primary energy sectors rose in March compared with a year ago, according to data released Wednesday by Statistics Canada. And over the same period, exports of crude oil and equivalent products increased, while exports of natural gas and electricity decreased. The federal agency said production of crude oil and equivalent products rose…

Try-before-you-buy concept used to sell home

Realtor said the owners are offering a stay of about a week but everything is negotiable in real estate

Try-before-you-buy concept used to sell homeYou wouldn’t think of not taking a vehicle out on a test drive before making one of the biggest purchases in your life. So why not a home? A Calgary homeowner who has listed a property for sale is taking the same concept and adapting it to the real estate industry. The seller is offering…

CFIB puts federal election issues on the table

‘Governments haven't always done a great job of understanding the reality of running a small business’

CFIB puts federal election issues on the tableThe Canadian Federation of Independent Business released its Federal Small Business Platform on Wednesday, outlining issues that matter to the group as the nation heads to a federal election in October. “Small businesses employ more than half of Canada's private sector workers and account for 52 per cent of the business-sector GDP,” said CFIB president…

Canadian economy growing slightly, but well off U.S. level

Income rose largely because of higher export prices of crude oil and crude bitumen in the first quarter of the year: StatsCan

Canadian economy growing slightly, but well off U.S. levelStatistics Canada reported on Friday that real gross domestic product (GDP) grew 0.1 per cent in the first quarter of this year, the same growth rate as the fourth quarter of 2018. The federal agency said real gross national income rose 0.9 per cent, largely because of higher export prices of crude oil and crude…

Mortgage stress test has negative economic impact: report

‘Each housing start that is lost has an economic impact that is 10 times greater than for each lost resale transaction’

Mortgage stress test has negative economic impact: reportThe construction of new homes and home renovations are turning sharply downwards due to the mortgage stress test, which in turn will impact regional economies across Canada, says a new report. The False Binary, authored by Will Dunning, chief economist with Mortgage Professionals Canada, calls on the federal government to engage in discussion about the…

CEO confidence in Canadian economy falling

KPMG survey shows concern about environmental risk, growing international trade frictions and disruptive technologies

CEO confidence in Canadian economy fallingConfidence in the Canadian economy by CEOs is falling. KPMG’s latest Global CEO Outlook, released on Thursday, said Canadian CEOs had a 15 per cent drop in confidence about the potential for domestic growth while globally CEOs reported a nine per cent hike in confidence over last year. The annual report surveys CEOs on the…