April 27 roundup
On heating housing markets in Calgary, Toronto and Montreal, the health of Canada’s pension plans, cellphone contracts and shopping malls.
•Home prices in Canada crept higher in March to the tune of 1.3%, CREA said Friday. A slowing Vancouver market was offset by an acceleration in prices in Calgary, Toronto and Montreal. Thinking of buying a new home? Read this excerpt from the MoneySense Guide to Investing in Real Estate first entitled Making an offer.
•Canadian pension plans started 2012 on the right foot. Defined-benefit plans saw their best performance in 1.5 years during the first quarter, according to a report by RBC Dexia.
•Does Canada need more shopping malls? Data shows we love our malls and since U.S. malls are struggling, builders may be heading north, according to reports. But placing the U.S. as a benchmark has its problems, argues Gabriela Perdomo in a peice for Maclean’s.
•Nova Scotia plans to give residents the option to unlock cellphone contracts at any time for no more than $50. Cameron McNeil, with Service Nova Scotia, said consumers will be “broadsided” no more by confusing introductory rates that often expire midway through a contract.