Municipal governments are starting to put green standards in place for developers and builders to follow to help protect the planet. But will it really work?
Canada’s provincial economies are holding up well but there will be an impact from the Covid-19 coronavirus the Conference Board of Canada said Thursday.
There is no way to clearly determine what that impact will be but it is likely to include a hit to tourism with Chinese visitors to Canada typically spending around $1.8 billion annually and this likely to be slashed by a third.
“Over the near team, we expect growth in the Canadian economy to remain steady,” says Matthew Stewart, Director, Economic Forecasting at The Conference Board of Canada. “However, one of the emerging risks to the economic outlook is COVID-19 (novel coronavirus) and the impact it will have on global economic growth. At this stage it is still difficult to estimate the magnitude of the outbreak, but there’s little doubt that Canada’s economy will be impacted.”
The outlook calls for growth in the Canadian economy of 1.8% this year and 1.9% in 2021 as energy investment recovers and solid disposable income growth supports household spending.
Provincial outlook:
The survey shows that buying a home in a major city centre has risen 5% since last year.
The more time and money a developer spends navigating the extensive labyrinth of procedural processes, the costlier it becomes to build a new home.The more time and money a developer spends navigating the extensive labyrinth of procedural processes, the costlier it becomes to build a new home.
Coming to Toronto May 14-15 is an in-person event discussing multifamily investing and the benefits it can have for new and experienced investors.
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