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Home Prices Drop in July

By Steve Chisholm Aug 15, 2018 | 3:23 AM

The Canadian Real Estate Association says benchmark home prices in Saskatoon were down 2.1 per cent on a year-over-year basis in July. They were off 4.8 per cent in Regina. Nationally, the Aggregate Composite MLS Home Price Index was up 2.1 per cent year-over-year last month. That represents the first acceleration in that category since April 2017. Association President Barb Sakkau says, “This year’s new stress-test on mortgage applicants continues to weight on home sale but its effect may be starting to fade slightly in Toronto and nearby markets.”

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When you receive your carbon tax rebate by direct deposit have you ever not known where it came from, regardless of how it was identified on your statement?

The Candian government wants the country’s banks to identify, in customers’ bank statements when they receive the carbon rebate, that it is labelled as such.

Environment Minister Steven Guilbeault says the lack of a clear identifier is contributing to confusion about carbon price rebates, so he is going to change the law if he has to in order to force the big banks to identify the carbon rebate by name when doing direct deposits.

The first rebate deposits in 2022 were labelled very generically, which meant recipients had no idea why they were getting the money.

T-D and B-MO have adopted the government’s requested “CdaCarbonRebate” entry, R-B-C and Scotiabank say they couldn’t make the change in time for the rollout, and C-I-B-C is still calling it “Deposit Canada.”

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