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Average home price in P.E.I. continues downward trend, data shows – CBC.ca

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The average price of a home in Prince Edward Island has dropped by 8.8 per cent over the past two years, according to data released Tuesday by the Canadian Real Estate Association. 

CREA’s year-over-year data for March is based on P.E.I. Real Estate Association’s listings. 

The trend has been steadily downward for several years, with the average residential home price on the Island falling 5.7 per cent last month compared to March 2023, and by 8.8 per cent compared to a year earlier.

As of last month, the average residential price now sits at $376,429, which includes both single-family and condominium housing types.

CREA considers P.E.I.’s market to be “well-balanced,” favouring neither buyers nor sellers. 

Last month’s homes sold spent 55 days on the market, according to the CREA report’s median sales times — slightly longer than a year earlier, but nearly double the 28 median days for homes sold in March 2021.

Benchmark price up more than $10K

Last month, the real estate association’s benchmark price, however, increased by three per cent to $355,100, compared to $344,800 in March of last year. 

From 2005 to 2020, the benchmark price for homes on P.E.I. rose moderately. It took those 15 years for the benchmark price of a home to double, climbing from $115,800 to $230,300. But it took only another three years for prices to climb to triple their 2005 value.

Sales were up 10 per cent from last year, with 143 homes sold last month, compared to 130 units sold the previous March. Of those, 115 homes sold last month were single-family residences, and just 6 were condominiums, according to the data.

New listings were also up almost 30 per cent over the year prior, with 288 added in March versus 222 over the same time period a year ago.  

Months of inventory, often used as a measure of availability of homes to buy, is also up slightly. Last month there was 6.1 months of inventory, as compared to 5.9 months in March 2023. 

Those averages are still well above 2022 and 2021, which both hovered around two months of inventory.

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Secularism: Montreal City Hall to remove welcome poster that includes veiled woman

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Montreal’s mayor says a welcome sign depicting a woman wearing a veil that adorns a lobby at city hall will be taken down in the name of secularism.

Valérie Plante said during a talk show that aired Sunday night that the image of the woman wearing a hijab will be removed because of the “discomfort” it causes but also because institutions must strive to be secular.

The welcome sign, as well as a photo in a public library of a young girl wearing a headscarf, has been criticized in the media, and the Parti Québécois has said the two images show that religion has begun invading the public sphere.

Plante told Radio-Canada talk show “Tout le monde en parle” that she understands the discomfort with the welcome sign, adding that it’s possible to promote diversity as well as secularism.

The subject of religion in the public sphere has resurfaced in recent weeks after 11 teachers were suspended at a Montreal public elementary school over allegations of toxicity and creeping religious instruction.

The mayor’s office said today it had nothing further to add about Plante’s appearance on the talk show, which came just days after she announced she wouldn’t seek a third term as mayor in next year’s elections.

This report by The Canadian Press was first published Oct. 28, 2024.

The Canadian Press. All rights reserved.



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Former senator recalls being told Canada asked Sudan to hold Abdelrazik in detention

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OTTAWA – Former senator Mobina Jaffer says she was told by the Sudanese intelligence director that he felt Canadian officials had asked him to detain Montreal man Abousfian Abdelrazik.

Jaffer, who retired from the Senate earlier this year, testified today in Federal Court in Abdelrazik’s lawsuit against Ottawa over his detention and alleged torture in Sudanese custody two decades ago.

She recalled her September 2004 meeting in Sudan with Salah Gosh, who was then the director of the country’s intelligence service.

Jaffer, Canada’s special envoy for peace in Sudan at the time, said Gosh told her Canada thought Abdelrazik was a terrorist and wanted him to find out if he was indeed an extremist.

She said Gosh informed her Sudanese intelligence tried “all kinds of ways” to find out, but was completely satisfied he was not a terrorist, and that it was time for Canada to take him back.

Jaffer said it was no secret the intelligence service used brutal methods, so she immediately knew that Abdelrazik did not have a pleasant experience in custody.

This report by The Canadian Press was first published Oct. 28, 2024.

The Canadian Press. All rights reserved.



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Parti Québécois wants robots, automation to replace temporary immigrants

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MONTREAL – The Parti Québécois says it would lean on robots and automation to replace temporary workers as part of a detailed proposal to cut immigration to Quebec.

Leader Paul St-Pierre Plamondon says it’s a lie that immigration can fix labour shortages, adding that Quebec should instead follow the lead of countries like Japan and China that have invested heavily in robotics and artificial intelligence.

The sovereigntist opposition party wants to cut the number of non-permanent residents in the province to 250,000 or 300,000, down from 600,000 today.

In a policy paper published this morning, the party says it would create a special fund for the automation of sectors affected by labour shortages, including manufacturing and retail.

St-Pierre Plamondon says Quebec’s existing immigration system puts pressure on housing and threatens the French language, and he also wants to cut the number of permanent immigrants to Quebec to 35,000 from 50,000 annually.

The PQ leader says Quebec will only attain a viable immigration model if the province achieves independence from Canada.

This report by The Canadian Press was first published Oct. 28, 2024.

The Canadian Press. All rights reserved.



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