Take Stock – September 12

The federal bankruptcy regulator says the number of people and businesses who went broke in July was more than a third higher than in July 2008.

Bankruptcies up more than a third in July

The federal bankruptcy regulator says the number of people and businesses who went broke in July was more than a third higher than in July 2008.

The Office of the Superintendent of Bankruptcy says there were 34.6 per cent more insolvencies in July than there were a year earlier.

Business bankruptcies dropped slightly, but personal bankruptcies were up 37.2 per cent.

There were 13,091 personal bankruptcies in July, while 526 businesses went under. The July total was 5.6 per cent lower than the levels in June.


New home prices up in July: Statscan

Contractors selling prices increased 0.3 per cent in July, the first national increase since last September. Statistics Canada reports that prices increased the most in Vancouver (by 1.2 per cent), followed by Hamilton (1.1) and Windsor and Calgary (0.5 each). The largest monthly decrease in new-housing prices was recorded in Victoria, where they dropped 3.5 per cent. The New Housing Price Index was down 3.2 per cent from July 2008, with the largest declines coming in Western Canada.

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