Prince Albert Daily Herald
The construction industry is facing a persistent downturn province-wide.
Real estate markets, including in Prince Albert, are continuing to improve, the Saskatchewan Realtors Association (SRA) said Thursday.
The association sent out their monthly home sales data report, which showed more houses selling for more money after spending less time on the market.
The latest data showed the sales volume in the city up 51.5 per cent compared to last May, rising from $8.2 million to $12.5 million. The sales volume in the greater Prince Albert region rose by even more.
Year-to-date sales are up 100 per cent in the city, and 115 per cent in the region.
For years, housing costs have plagued millennials. Some of us graduated into a recession; others have seen stagnant salaries and limits for growth. The harsh reality became clear: we would have fewer economic opportunities than our parents’ generation. The pandemic has been a nightmare, but for some, anyway it seemed at first to be a once-in-a-lifetime opportunity to reverse those dire prospects. Like so many other twentysomethings, I have been limited in where I can live by my daily commute to the office. I spent most of my working life tethered to the city: first Toronto, then, as prices became increasingly unreasonable, the nearby city of Burlington. I’d accepted that I would likely be confined to an overpriced rental for years to come. But COVID-19 has changed that. My job, like many other office positions, will stay remote after the pandemic ends a shift that has made countless other young middle-class workers reevaluate not only how they work but where. Now, young people ar
Winnipeg Free Press By: Tara Deschamps, The Canadian Press Posted: Save to Read Later
TORONTO - Canadian banks had a strong second quarter, where they beat expectations and began to wind down reserves built up to protect themselves from customers defaulting on loans.
Bank skyscrapers are seen from Bay Street in Toronto s financial district, on Wednesday, June 16, 2010. THE CANADIAN PRESS/Adrien Veczan
TORONTO - Canadian banks had a strong second quarter, where they beat expectations and began to wind down reserves built up to protect themselves from customers defaulting on loans.
Their performance was the product of a cautious approach they applied to the COVID-19 pandemic and the diversification that executives said created stability across all arms of their businesses.
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Canadian banks to focus on growth, spending and buybacks after strong second quarter
Poll
Yes
By Tara Deschamps, The Canadian Press on June 1, 2021.
Bank skyscrapers are seen from Bay Street in Toronto s financial district, on Wednesday, June 16, 2010. THE CANADIAN PRESS/Adrien Veczan
TORONTO – Canadian banks had a strong second quarter, where they beat expectations and began to wind down reserves built up to protect themselves from customers defaulting on loans.
Their performance was the product of a cautious approach they applied to the COVID-19 pandemic and the diversification that executives said created stability across all arms of their businesses.
Now, all eyes are on how banks will create growth and use that money, analysts say.