July 29, 2011
Women keen to snag a Chinese billionaire can now take courses!
Want to marry rich? Then the unlikely named Beijing Moral Education Centre for Women is for you!
For 30 hours of training costing $3,000, women keen to snag a billionaire, millionaire or even just an affluent man learn techniques to make them more attractive, from how to put on makeup in the most flattering way to how to spot a liar by looking at his facial expressions.
The school in the world's second largest economy -home to 189 billionaires and just under one million millionaires -has attracted over 2,800 mainly middle class women since it opened in August last year, and students such as 23-year-old Zhou Yue believe it's time and money well spent.
"My family had a business and there was a time when things were very difficult for us," she said in an interview. "During that period, I was struggling a lot inside, asking myself why we have to do this, why my childhood had to be so different from other people's. So I thought to myself, if I can marry a rich man, at least I won't have any worries."...
July 28, 2011
Canadian real estate market maintains a "steady" growth
House prices and sales volumes in Canada continue to increase in a strong but manageable manner says the Canadian Real Estate Association (CREA).
Its latest market trends report says that year-to-date sales "remain in line with the 10-year average" and that Vancouver leads the market.
Seasonally adjusted national home sales activity rose 2.6% in June 2011 and major markets that saw noteworthy gains over May included Calgary, Montreal, Ottawa, London, Hamilton, and Victoria.
The national average price for Canadian homes sold in June 2011 was $372,700, up 8.7% from the same month last year. "The national average price is becoming less affected by the overall number of sales in some expensive Vancouver neighbourhoods, but is still being pitched higher by the value of those sales," says CREA.
"Canadian housing demand remains resilient, thanks to low interest rates, job growth, and home buyer confidence in the economy," CREA president Gary Morse told OPP.
"The Canadian housing sector remains...
July 27, 2011
A year today will see the start of the London 2012 Olympics. How will Canada fare?
In the world of Olympic sport, where stunning, untimely stumbles over an early hurdle or podium misses by the length of a fingernail can quickly derail medal forecasts, it pays to have a sense of humour.
So when Own the Podium boss Alex Baumann is asked one year out from the London 2012 Games whether he still thinks Canada is on track for its oft-stated target of a top 12 finish in the overall medal count, he laughs and says "well, I'm really hoping top three."
As the upper-crust English might say, "not bloody likely." Not with the powerful U.S., China, Russia, Germany and the moneyflush, home-country Brits forecast to finish one through five.
Baumann, in an interview from his Ottawa office on Tuesday, said OTP and the Canadian Olympic Committee will get a better indication of where the country stands after all of this year's world championships are finished, most notably the current swimming worlds in Shanghai and the track and field worlds next month in Korea.
"If we're going to get to...
July 26, 2011
Canada gets recognition on a global basis for its "exceptional" real estate price gains
Worldwide investment in all types of property surged by nearly 50% in the second quarter of 2011 year-on-year, with over $101 billion-worth of transactions completed.
Research from Jones Lang LaSalle indicates that this figure is also 7% above the first three months of 2011. The Americas led the way, with the Canadian market tripling in activity compared to the first quarter, and transaction volumes in the U.S. increasing by more than half to $49 billion for the same period. Property investment in MENA stayed similar at $34 billion whereas the Asia-Pacific region saw a fall of 30% in volumes compared to the first three months.
Arthur de Haast, head of the International Capital Group at Jones Lang LaSalle, told OPP: "The upswing in activity continues, with exceptional gains in North America, which was late to the recovery, driving that region to the top spot in terms of volumes."
"Looking ahead, debt concerns in some advanced economies and the risk of overheating in some emerging markets...
July 25, 2011
Vancouver may be the "nicest" city in Canada but it ranks last for affordability
Vancouver may be the "nicest" city in Canada, but a recent study commissioned by the Association for Canadian Studies found Quebec City and Montreal come out on top when it comes to cost of living, culture, shopping and meeting people.
According to the survey, a quarter of Quebec City residents said the cost of living in their city was excellent, while another 70% described it as good. Montreal came second in the category, with 16% describing it as excellent and 65% saying it was good.
While an earlier Postmedia News report indicated that a quarter of all Canadians had chosen Vancouver as the overall "nicest city in Canada," the executive director of the Montreal-based association, Jack Jedwab, said it ranked dead last when it came to cost of living, with 57% of respondents describing it as poor.
"There's a funny phenomenon in Vancouver: There's not a lot of people in the middle," he said, noting few Vancouverites described the cost of living as good, let alone excellent.
The Greater Toronto...
July 22, 2011
Spelling mansion sells for $85-million and that's WITH a discount !!
The late TV producer Aaron Spelling's mansion and 5-acre estate, ranked as America's most expensive home when it went on the market in 2009, has been bought by Petra Ecclestone, a 22-year-old heiress to her billionaire father Bernie Ecclestone's Formula One racing empire.
The 57,000-square-foot French chateau-style house originally was listed at an asking price of $150 million, but was reported to have been sold for the knock-down price of $85-million.
The Manor is a 57,000 square-foot castle of a home containing somewhere in the neighborhood of 123 rooms, 27 bathrooms, a beauty salon, “gift-wrapping” rooms, and even a bowling alley. The garage – bigger than most normal homes – has room for 100 vehicles. The double staircase in the entryway of the home was inspired by the movie Gone With the Wind. Throw in a professionally-manicured monster of a back yard and you have an extremely lavish and luxurious place to hang your hat.
Another major plus is the location. In...
July 21, 2011
A comparison of real estate markets in Canada's major cities
Despite Royal LePage Real Estate Services predicting that Canada's property market has seen its near-term peak in house price appreciation, and that a slower second half of the year is expected,” the national average price is still expected to end the year 7.7 per cent higher than they started.
At the end of the second quarter the average price for a standard two-storey home rose 6.1 per cent to $390,163, a bungalow rose 7.5 per cent to $356,625 and a condo rose 3.5 per cent to $238,064.
“In many of Canada’s regional markets, we saw house prices appreciate at a significantly faster rate than wages and salaries, and this trend cannot continue indefinitely,” said Phil Soper, chief executive officer.
Here is a look at regional market summaries across Canada:
Halifax: “Healthy year-over-year price gains across all three housing types surveyed. Strong local economy coupled with low interest rates has driven demand in the region. At the end of 2011, average house...
July 20, 2011
Canada's real estate prices show signs of a decrease
Home sales rose across Canada last month – except in Vancouver and Toronto – signalling that the country’s housing market remains resilient, the Canadian Real Estate Association said Friday.
Nationally, house sales rose 2.6 per cent in June from a month earlier, while the average resale price decreased slightly, by 0.9 per cent.
“Stricter mortgage rules and declining affordability appear to be taking at least some momentum out of prices, a trend that could continue if the Bank of Canada resumes its tightening campaign in the fall,” BMO Nesbitt Burns Inc. economist Robert Kavcic said in a research note.
The national average sale price in June was $372,700, an increase of 8.7 per cent from a year earlier. While the figure continues to reflect sales in expensive Vancouver neighbourhoods, activity in those areas has been waning from levels reported in February and March, the association (CREA) said.
Sales in Vancouver dipped 1.7 per cent in June from May figures....
July 19, 2011
Bank of Canada keeps key interest rate at 1%
The Bank of Canada held its benchmark interest rate steady on Tuesday, as widely expected, as the global economy remained fragile amid debt problems in Europe and the United States.
But the central bank hinted higher borrowing costs could be coming sooner than later if the domestic economy maintains steady growth.
The bank's lending rate has been at a near-historic low of one per cent since last September in an effort to spur economic growth following the downturn.
"To the extent that the expansion continues and the current material excess supply in the economy is gradually absorbed, some of the considerable monetary policy stimulus currently in place will be withdrawn," the Bank of Canada said in its interest rate statement. "Such reduction would need to be carefully considered."
Avery Shenfeld, chief economist at CIBC World Markets, "may be nudging the market into pricing greater odds of at least a modest dose of interest rate hikes before year end."
"It dropped the word 'eventually' in...
July 18, 2011
Do new BC homes cost less under the HST?
With Harmonized Sales Tax (HST) referendum ballots arriving in mailboxes, Chilliwack's MLAs are ramping up support for the "No" side in favour of the controversial tax.
The latest angle is new home purchases, and Chilliwack MLA John Les and Chilliwack-Hope MLA Barry Penner found a local developer to speak in favour of the HST.
Jake Siemens of Landmark Realty says the homes he is building on Promontory are less expensive with the HST than they would have been with the PST/GST.
"In the Chilliwack area, the HST has lowered the cost of the average new home we are selling at Jinkerson Vistas by between $900 and $2,200," said Siemens, in a BC Liberal caucus press release issued Tuesday.
Under the PST/GST tax regime, PST was added to the cost of paint, nails, lumber and anything else purchased by a home builder. These embedded costs turn up in the price, adding an estimated two to three per cent to the price of a home, according to Brendon Ogmundson, economist with the B.C. Real Estate Association...
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