Take Stock_June 16

Resales of existing Canadian homes showed continuing improvements in in May, with both the number of transactions and the national average price on the rise, according to the Canadian Real Estate Association.

Sale of existing homes continues to rebound

Resales of existing Canadian homes showed continuing improvements in in May, with both the number of transactions and the national average price on the rise, according to the Canadian Real Estate Association. There were 49,521 existing homes sold in May, less than one per cent below the comparable month of 2008. The national average sale price in May hit the highest monthly level on record, at $319,757, which was up four-tenths of a percentage point from the previous record in May 2008. The real-estate association said the dollar value of sales through its members reached $11.4 billion in May, up 10 per cent from the previous month and more than 50 per cent above the low of $7.5 billion in January. The association said the the rebound in activity was led in some of the most expensive local markets in Canada and that had the effect up pushing the national average price upward. On a seasonally adjusted basis, the number of sales in May was eight per cent above April’s and 43 per cent above the low point in January. Although the number of resales has been rising, fewer properties have been put on the market through the MLS run by CREA members.


West Fraser temporarily shuts down three B.C. mills

West Fraser Timber Co. Ltd. (TSX:WFT) said Monday that it will shut down three of its B.C. sawmills for at least two weeks this summer. The number of workers affected was not immediately known. The company said it would shut its Houston, 100 Mile and Chasm sawmills for at least two weeks starting June 29. Restarting the operations will be dependent upon market conditions which will be reviewed weekly, West Fraser said. West Fraser has approximately 8,500 employees and operations in Western Canada and the southern U.S. Shares in the company were unchanged Monday at $23.75 on the Toronto Stock Exchange.

Just Posted

Officials report some headway on wildfires, but thick smoke hangs over B.C.

Wildfire crews report some headway was made over the weekend battling hundreds… Continue reading

WATCH: Central Albertans learn about farm life at Sunnybrook Farm Museum

Pioneer Days Festival in Red Deer Saturday-Sunday

Raising awareness for Bikers Against Child Abuse

Second annual Raise A Ruckus Against Child Abuse was held at the Red Deer Radisson Hotel Saturday

Number of seniors who play bridge in Red Deer growing

Red Deer Bridge Club has been around for close to 60 years

Central Alberta Yogathon cancelled Saturday

Due to air quality concerns the fourth annual event will take place Sept. 15

WATCH: Medicine River Wildlife Centre opens new playground

The grand opening of the playground was Saturday morning

Police chiefs want new data-sharing treaty with U.S. as privacy questions linger

OTTAWA — Canada’s police chiefs are pressing the Trudeau government to sign… Continue reading

Pope on sex abuse: “We showed no care for the little ones”

VATICAN CITY — Pope Francis issued a letter to Catholics around the… Continue reading

Ottawa announces $189M to extend employment insurance for seasonal workers

ESCUMINAC, N.B. — Ottawa has announced $189 million for an employment insurance… Continue reading

Trudeau formally announces he’ll run again in next year’s election

MONTREAL — Justin Trudeau will run again in the 2019 federal election.… Continue reading

Smoke from B.C. wildfires prompts air quality advisories across Western Canada

VANCOUVER — More smoky, hazy air is expected to blanket much of… Continue reading

Anti-pipeline protesters released days before weeklong jail sentences end

MAPLE RIDGE, B.C. — Several pipeline protesters were released from a British… Continue reading

All eyes on Andrew Scheer as Conservative convention set for Halifax

OTTAWA — After a week of internal caucus squabbles, Conservative Leader Andrew… Continue reading

Trump says his White House counsel not a ‘RAT’ like Nixon’s

BRIDGEWATER, N.J. — President Donald Trump insisted Sunday that his White House… Continue reading

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month