“I am honoured to represent the province of Nova Scotia at this significant event,” said Mr. Corbett. “This is a wonderful opportunity to share with Their Excellencies the proud history and rich culture of this successful and innovative Mi’kmaq community.” Their Excellencies visited Membertou following a tour of Cape Breton University. Their three-day visit to Nova Scotia took place May 31-June 2. One of five Mi’kmaq communities in Cape Breton, Membertou is an urban First Nation with a population of 1,260 people and employs over 540 people. Membertou Corporate Division successfully manages 11 diverse and financially successful companies including Anaia Global Renewable Energies, First Fishermen Seafoods and Membertou Geomatics. For more information on the Governor General’s visit to Nova Scotia, please visit www.gg.ca. For further information on Membertou please visit www.membertou.com. A drumming performance by The Sons of Membertou, Mi’kmaq dancing, and a performance of O Canada in Mi’kmaq by Membertou Elementary School students are some of the highlights of the official visit by Gov. Gen. David Johnston to the community of Membertou, today, June 2. He was accompanied by his wife Her Excellency Sharon Johnston. Membertou Chief Terrance Paul also hosted a luncheon in honour of Their Excellencies’ visit which was attended by Deputy Premier Frank Corbett, Mi’kmaq chiefs from throughout Cape Breton and Membertou community leaders. “We are delighted to welcome Their Excellencies to our community,” said Chief Paul. “We are proud of our accomplishments in preserving the past while embracing the future. Their visit with us today is yet another affirmation of the progress of our people towards a more certain future.” The luncheon was followed by a tour of the community including: a viewing of Membertou’s dreamcatcher exhibit which demonstrates Membertou’s focus on engaging the community’s young people in order to shape a successful future an overview of the planned Membertou Sports and Wellness Centre scheduled to open in 2012 a viewing of sculptures featuring past Mi’kmaq leaders including Grand Chief Henri Membertou, Grand Chief Donald Marshall Sr. and Donald Marshall Jr. – all of whom played a role in improving the lives of Mi’kmaq people a discussion with Membertou senior executives and Cape Breton University graduates on how their academic achievements have been applied to their leadership roles in Membertou.
TORONTO — The cost of owning a home has been holding steady in most parts of Canada, but affordability declined during the second quarter in the two most expensive markets, Vancouver and Toronto, a report by Royal Bank says.In its latest analysis of housing trends, RBC also said Monday it expects prices will continue to rise in Toronto and Vancouver in the short term because of tight supplies of detached homes for sale.The bank said supply and demand are more balanced in other Canadian markets and affordability has been close to the long-term average since 1985. Canadian housing prices to rise only 1% next year, TD Bank says‘Playing with fire’: How the Tories’ renovation tax credit promise may affect Canada’s hot housing marketsVancouver’s hot housing market shows no sign of easing as prices and sales hit fresh recordsIn a separate report, TD Bank said it expects a decline in Canadian borrowing rates in the first half of 2015 will likely boost demand into the early fall, but then have a waning effect in the late stages of this year.It says the low-rate environment has helped to keep markets “humming” in hot markets and reduce the impact of low commodity prices in other markets, particularly in Alberta and Saskatchewan. TD said commodity-dependent regions such as Edmonton, Calgary, Regina and Saskatoon “have weakened considerably so far this year, but to a lesser degree than was originally anticipated.”“Elsewhere, markets that had embarked on soft landings over the last few years, including Ottawa, Montreal and Quebec City, have seen activity either stabilize or perk up,” TD said. The RBC quarterly report takes into account income, property prices and the typical costs of home ownership, such as mortgage payments, utilities, taxes and fees when calculating its affordability measure.The split, in fact, widened during the second quarter of 2015, with strong price increases for single-detached homes in Toronto and Vancouver squeezing affordability further“The central theme for housing affordability in Canada continues to be the wide divide between stretched conditions in Toronto and Vancouver, and fairly neutral conditions in the rest of the country,” RBC said in its report.“The split, in fact, widened during the second quarter of 2015, with strong price increases for single-detached homes in Toronto and Vancouver squeezing affordability further in these markets, whereas a slow pace of appreciation — at best —kept the cost of home ownership mostly stable in the majority of other markets.”RBC said there was evidence that buyers were more confident in Alberta than they had been in the previous two quarters as a result of the dramatic decline in oil prices, but “prices still remained under slight downward pressure for the most part …”“The picture was a little different in Saskatchewan where a recovery in single-detached home prices negatively affected the affordability of bungalows and two-storey homes.” In Quebec, RBC said home prices were “quite stagnant” and that contributed to improved housing affordability.“Widespread improvements similarly took place in Atlantic Canada, although there remain few indications that housing demand is turning a corner in the region.”