Take Stock – December 4

Residential real estate sales should recover in almost all major Canadian cities by the end of 2009, while average prices should post new records in an improved economic climate, according to a new housing report.

Housing market recovery to accelerate: Re/Max

Residential real estate sales should recover in almost all major Canadian cities by the end of 2009, while average prices should post new records in an improved economic climate, according to a new housing report.

The Re/Max Housing Market Outlook survey for 2010 predicts the uptick in sales will be lead by an anticipated 45 per cent increase in Greater Vancouver, while Ottawa and Quebec City are expected to hit historic highs in the number of homes sold.


Safety training school approved

A safety training school has received approval from Red Deer’s municipal planning commission to operate as a discretionary use in Northlands Industrial Park. Lifestar Safety Services plans to locate at No. 5, 7839 49th Ave. It will offer first aid and industrial safety training, with classes no bigger than 12 students.

Its hours will be 8 a.m. to 5 p.m., Monday to Friday.


La Senza Girl closing

Girls and teens who enjoy shopping at La Senza Girl should get their fill before Jan. 31. Limited Brands, which owns the La Senza Girl banner, plans to close its outlets in Bower Place Shopping Centre and Parkland Mall effective Jan. 31. Company spokeswoman Jennifer Ortiz Brown said in an e-mail that Limited Brands has been shutting down its more than 300 Canadian La Senza Girl stores, which are geared toward females between the ages of seven and 14. She said this process is expected to wrap up during the next six months. Brown said her company has also been narrowing the focus of its La Senza stores “to reclaim our heritage as a young, flirty, fun, sexy brand.” Limited Brands also owns the Victoria’s Secrets and Victoria’s Secret Pink brands, and is bringing both into Canada as part of its product makeover. There will be four Victoria’s Secret Pink stores in Canada by the end of this year, said Brown, with more planned for 2010.