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GTA, Ontario, Canada
A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Tuesday, January 26, 2016

Genworth pressured by Alberta housing market

Mortgage insurer Genworth MI Canada Inc. has seen 25 per cent wiped off the value of its stock in the past year as concern rises about its exposure to the declining housing market in Alberta. Although the company has exceeded earnings in its three latest quarters, CIBC World Markets analyst Paul Holden thinks that Genworth’s earnings will slip for the fourth quarter when it reports next week. Holden estimates that the Alberta housing market fell 10-15 per cent in the fourth quarter and in a client note he says: “Unemployment in Alberta continues to climb higher, housing volumes remain soft and house prices are starting to crack,” Mr. Holden writes. “We maintain our view that higher losses from Alberta are coming, it’s just a matter of when.” Genworth reports on Feb. 4.

MBN

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