Canadian sports industry revenue surging: StatsCan

NHL, MLB, NBA and MLS teams account for 69.1 per cent of total operating revenue for the spectator sports industry

Canadian sports industry revenue surging: StatsCanTotal operating revenue for the spectator sports, event promoters, artists and related industries grew 4.5 per cent to $9.1 billion in 2016, Statistics Canada reported on Friday. Operating expenses increased 3.5 per cent to $8 billion. This resulted in an operating profit margin of 11.3 per cent, up slightly from 10.5 per cent in 2015. “For the first time since 2012, spectator sports…

Bumpy road to Calgary real estate recovery: board

‘Housing market conditions are still adjusting to rising lending rates and changes in lending requirements,’ says CREB

Bumpy road to Calgary real estate recovery: boardThe Calgary Real Estate Board (CREB) predicts a bumpy road to recovery for the local resale housing market as sales declined by 18 per cent in February compared to a year ago. The organization says that after the first two months of 2018, MLS sales remain well below longer-term averages. “Housing market conditions are still…

Alberta residential construction investment on the rise

Across the country, investment reached $34.5 billion, a 9.2% hike from the previous year. Alberta was up 2.3%

Alberta residential construction investment on the riseInvestment in Alberta residential construction reached $4.8 billion in the fourth quarter of 2017, up 2.3 per cent from the same period in 2016, Statistics Canada reported on Friday. Across the country, investment reached $34.5 billion, a 9.2 per cent hike from the previous year. “Every component except cottages and mobile homes contributed to the year-over-year…

Canadian economy grew by 3% in 2017: StatsCan

Investment in machinery and equipment and residential structures both increased sharply. Non-residential structure investment rose slightly

Canadian economy grew by 3% in 2017: StatsCanReal gross domestic product (GDP) in Canada rose three per cent in 2017, following 1.4 per cent growth in 2016, Statistics Canada reported on Friday. “Much of this growth was attributable to the first two quarters of 2017, with deceleration observed toward the end of the year. Final domestic demand advanced three per cent with steady growth throughout the year,” said…