Tag Archives: vancouver
Canadian property prices and sales both continue upwards, latest index shows
National home sales in Canada rose by 0.7% from September to October and prices were up 7.1% year on year, according to the latest data from the Canadian Real Estate Association. It is the sixth consecutive month of stronger resale housing activity compared to a quiet start to the year, and the strongest activity for the month of October since 2009. ‘Low interest rates continued to support sales in some of Canada’s more active and expensive urban housing markets and factored into the monthly increase for national sales,’ said CREA president Beth Crosbie. ‘Even so, sales did not increase in many local markets in Canada, which shows that national and local housing market trends can be very different,’ she added. According to Gregory Klump, CREA chief economist, while the strength of national sales activity is far from being a Canada-wide phenomenon, it extends beyond Vancouver, Calgary and Toronto. ‘Sales in a number of B.C. markets have started to recover from weaker demand over the past couple of years. They have also been improving across much of Alberta, where interprovincial migration and international immigration are reaching new heights,’ he explained. Actual (not seasonally adjusted) activity in October stood 7% above levels reported in the same month last year. October sales were up from year ago levels in about 70% of all local markets, led by Greater Vancouver and the Fraser Valley, Victoria, Calgary, and Greater Toronto. Combined sales in these five markets account for almost 40% of national sales activity, and nearly 60% of the year on year increase in national sales. Actual (not seasonally adjusted) sales activity for the year to date in October was 5.2% above levels in the first 10 months of 2013 and 2.5% above the 10 year average for the same period. The house price index increased by 5.51% year on year in October. Price gains have held steady between 5% and 5.5% since the beginning of the year. A breakdown of the data shows that year on year price growth accelerated for two storey single family homes, townhouse units and apartment units in October. By contrast, price momentum slowed further for one storey single family homes. Two storey single family homes continue to post the biggest year on year price gains at 6.94%, followed closely by townhouses at 5.83%, and one storey single family homes at 4.75%. Price growth for apartment units remains comparatively more modest at 3.51%. Price growth varied among housing markets tracked by the index. As in recent months, Calgary saw the biggest increase at 9.47%, Greater Toronto saw growth of 8.3% and Greater Vancouver was up 6.03%. Prices were up between 1% and 2.5% year on year in the Fraser Valley, Victoria, and Vancouver Island, flat in Saskatoon, Ottawa, Greater Montreal, and Greater Moncton, and down 3.4% in Regina. The actual (not seasonally adjusted) national average price for homes sold in October 2014 was $419,699, up 7.1% from the same month last year. The national average price continues to be pulled upward by sales… Continue reading
Economic NON-Recovery Leading to Bigger Collapse! UK Nuclear Naval Base Scare!
My commentary on the current economic situation in the U.S. pertaining to the housing market and the retail sector. I also thank about operation Fast and Fur… Continue reading
Viridis Energy’s Scotia Atlantic Biomass Commences Wood Pellet Production
Sep 04, 2013 (ACCESSWIRE via COMTEX) — Vancouver, BC – September 4, 2013 – Viridis Energy Inc. (“Viridis” or the “Company”) CA:VRD -7.69% , a “Cleantech” manufacturer and distributor of renewable energy providing biomass fuel to global residential and industrial markets, announced today that it has commenced production of wood pellets at its wholly owned subsidiary, Scotia Atlantic Biomass Company, Ltd. (“Scotia”), located in Middle Musquodoboit, Nova Scotia, with its first shipment of 25,000 sold for delivery in December. The Company began production on three of its five pellet presses in late August and expects to be running all five presses by the end of September. The Scotia facility’s current annual capacity of 120,000 tons, brings Viridis’ total production capacity to 180,000 tons. The Company recently announced that it entered into an agreement with Ekman & Co AB (“Ekman”), one of the world’s oldest trading houses and wholesalers of forest products, to market Scotia’s entire 240,000 ton wood pellet production over a two-year period as its exclusive agent. Ekman’s operations span 100 countries through 40 offices, including Europe where most of Scotia’s production will be sold to utilities and industrial consumers of wood pellets. “Our Scotia Atlantic facility is located near excellent shipping ports on the Atlantic Ocean, making it strategic to addressing the growing demand for renewable energy sources in Europe”, said Christopher Robertson, Viridis’ chief executive officer. “We are delighted with the quality of pellets produced at Scotia. As demand for wood pellets continues to grow dramatically and unique marketing opportunities similar to our Ekman arrangement surface, we will look for means to aggregate product offering through production expansion, as well as wholesale sources.” ———————————– |Company Contact: A Michele |A|A| |Rebiere Chief Financial | | | |Officer Viridis Energy Inc | | | |905-847-5226 | | | |investorinfo@viridisenergy.ca| | | ———————————– About Viridis Energy Inc. Viridis Energy Inc. CA:VRD -7.69% is a publicly traded, “Cleantech” alternative energy company specializing in the agricultural and wood waste biomass. Located in Vancouver, B.C., Viridis Energy operates Cypress Pacific Marketing, Okanagan Pellet Company and Scotia Atlantic Biomass, thus providing the company with vertical integration for distribution and manufacturing as well as coast to coast national presence. For more information on Viridis Energy Inc. please refer to the company website at www.viridisenergy.ca. Forward-looking Statements Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company’s future operations. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a continued downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties associated with the demand for biofuels, (3) the risk that the Company does not execute its business plan, (4) inability to finance operations and growth (5) inability to finance the start-up operations in Nova Scotia in a timely manner (6) inability to retain key management and employees, (7) an increase in the number of competitors with larger resources, and (8) other factors beyond the Company’s control. These forward-looking statements are made as of the date of this news release and the Company intends to update such forward looking information in the Company’s MD&A in the event that actual results differ materially from such forward-looking statements contained herein. Additional information about these and other assumptions, risks and uncertainties are set out in the “Risks and Uncertainties” section in the Company’s MD&A filed with Canadian securities regulators. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. http://www.accesswire.com/img.ashx?id=407465 Continue reading
