CMAS

Capital Group Issues Capital Market Assumptions

Retrieved on: 
Friday, February 23, 2024

LOS ANGELES, Feb. 23, 2024 /PRNewswire/ -- Capital Group, one of the world's largest and most experienced active investment managers, issued its 2024 Capital Market Assumptions (CMAs), which represent the company's long-term expectations for returns, as well as correlations and volatilities of major asset classes over a 20-year time horizon. Capital Group's CMAs serve as the foundational inputs for the quantitative models that inform the firm's solutions offerings, including model portfolios, and its target date series, which serves nearly 10 million US households.

Key Points: 
  • 2024 report notes outlook is positive for long-term investors; assumptions are higher for bonds
    LOS ANGELES, Feb. 23, 2024 /PRNewswire/ -- Capital Group, one of the world's largest and most experienced active investment managers, issued its 2024 Capital Market Assumptions (CMAs), which represent the company's long-term expectations for returns, as well as correlations and volatilities of major asset classes over a 20-year time horizon.
  • Capital Group's CMAs serve as the foundational inputs for the quantitative models that inform the firm's solutions offerings, including model portfolios, and its target date series, which serves nearly 10 million US households.
  • "Overall, the outlook is still bright for long-term investors and bonds are better poised to play their role as an equity diversifier in the years ahead," said Maddi Dessner, Head of Global Asset Class Services, Capital Group.
  • Based on its 2024 Capital Markets Assumptions, Capital Group expects:
    6.9% annualized return for U.S. equities over a 20-year horizon, supported by estimates of GDP growth greater than 2%, increased innovation and enhanced productivity gains.

Canada's vacancy rate reaches new low as demand outpaces supply

Retrieved on: 
Wednesday, January 31, 2024

As a result, the national vacancy rate for Canada's primary rental market reached a new low of 1.5% in 2023, the lowest recorded rate since 1988, when CMHC began recording a national vacancy rate.

Key Points: 
  • As a result, the national vacancy rate for Canada's primary rental market reached a new low of 1.5% in 2023, the lowest recorded rate since 1988, when CMHC began recording a national vacancy rate.
  • Average rent growth for 2-bedroom purpose built rental units surveyed in both 2022 and 2023, referred to as "same-sample" rent growth, reached 8% in 2023, well above historical averages.
  • (see table below)
    Although most Canadian cities saw increased rental supply, it was not enough to keep pace with increased demand pressures, caused mainly by high population and employment growth.
  • The average vacancy rate for rented condominiums in the 17 census metropolitan areas (CMAs) surveyed by CMHC fell to 0.9% in 2023, down from 1.6% in 2022.

Soft Landing for the 2023 Real Estate Market Despite Higher Interest Rates

Retrieved on: 
Thursday, January 11, 2024

L’ÎLE-DES-SŒURS, Quebec, Jan. 11, 2024 (GLOBE NEWSWIRE) -- The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the province of Quebec , based on the real estate brokers’ Centris provincial database.

Key Points: 
  • L’ÎLE-DES-SŒURS, Quebec, Jan. 11, 2024 (GLOBE NEWSWIRE) -- The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the province of Quebec , based on the real estate brokers’ Centris provincial database.
  • “An orderly normalization of the Quebec market took place in 2023, despite a context that has been marked by a brutal hike in interest rates since 2022.
  • For a market to be fluid, there must be a sufficient number of first-time homebuyers,” notes Charles Brant, QPAREB Market Analysis Director.
  • Two factors are influencing the postponement of purchase plans: a climate of economic uncertainty and expectations of a drop in interest rates in 2024.

Foothold Technology Launches New Solution to Coordinate Care and Track Outcomes for Social Care Networks

Retrieved on: 
Thursday, December 21, 2023

This advanced technology will facilitate care coordination and provide an unprecedented way to monitor and report on case management, billing, and outcomes for Social Determinants of Health (SDoH).

Key Points: 
  • This advanced technology will facilitate care coordination and provide an unprecedented way to monitor and report on case management, billing, and outcomes for Social Determinants of Health (SDoH).
  • "And Foothold is proud to present this system designed for SCNs to coordinate their care and set them up to provide value-based services.
  • SCNs will have the ability to track and report on case management, billing, and outcomes within one system – something that has never been available before."
  • The comprehensive solution will give SCNs the ability to coordinate care, track outcomes, bill and provide value-based services for people in their community.

Fraser Institute News Release: Toronto ranks 102 out of 141 Canadian and US metropolitan areas on employment income growth from 2010-2019

Retrieved on: 
Thursday, October 19, 2023

The study compares growth in median employment income—wages, salaries and commissions from paid and self-employment income (net) before taxes and government transfers—in 141 large metropolitan areas in Canada and the United States with populations of more than 400,000 people from 2010 to 2019.

Key Points: 
  • The study compares growth in median employment income—wages, salaries and commissions from paid and self-employment income (net) before taxes and government transfers—in 141 large metropolitan areas in Canada and the United States with populations of more than 400,000 people from 2010 to 2019.
  • Employment income in Canada’s largest city—Toronto—was essentially stagnant from 2010 to 2019 having increased by just 0.4 per cent.
  • Toronto ranked 102 out of the 141 cities in the analysis.
  • “The prosperity gap between Canadian and American metropolitan areas on this important metric widened throughout the 2010s,” said Eisen.

Centris Residential Sales Statistics – Third Quarter 2023

Retrieved on: 
Friday, October 13, 2023

Province-wide, residential sales reached 18,283 for the 2023 third quarter, an increase of 1 per cent compared to the same quarter in 2022.

Key Points: 
  • Province-wide, residential sales reached 18,283 for the 2023 third quarter, an increase of 1 per cent compared to the same quarter in 2022.
  • Residential sales in the Montreal CMA territory stood at 8,575 in the 2023 third quarter.
  • The Trois-Rivières CMA posted 321 residential sales in its territory during the third quarter of 2023.
  • Residential sales in the Bas-Saint-Laurent territory totalled 436 in the third quarter of 2023.

Lone Wolf teams up with Realtor.com® to bring exclusive buyer reports to over 500,000 real estate agents

Retrieved on: 
Wednesday, September 13, 2023

DALLAS and CAMBRIDGE, ON, Sept. 13, 2023 /PRNewswire/ -- Lone Wolf Technologies ("Lone Wolf") is thrilled to announce an expanded relationship with Realtor.com®, which will make exclusive buyer intel reports from Listing Toolkit, the newest product offering from Realtor.com®, available in Cloud CMA by Lone Wolf, real estate's top comparative market analysis (CMA) solution. This integration will help over 500,000 Cloud CMA subscribers improve their listing presentations and put their clients in a better position to succeed in the home selling process.

Key Points: 
  • "We're proud to collaborate with Realtor.com® and make the information from this exciting new solution available in Cloud CMA," said Jimmy Kelly, CEO of Lone Wolf.
  • "Lone Wolf is deeply committed to collaborating with other industry leaders like Realtor.com® to give real estate professionals the best information, experience, and software in our market-leading open ecosystem.
  • "We're excited for this integration with Lone Wolf and to connect Listing Toolkit and Cloud CMA," said Blake Elmquist, Vice President, Seller Category at Realtor.com®.
  • "Beyond the technology, what's so exciting about this integration is the power it now grants to agents and their sellers," said Greg Robertson, Strategic Advisor for Lone Wolf.

Fraser Institute News Release: Only 2 Canadian cities rank in top half of 141 metropolitan cities in Canada and the US on employment income

Retrieved on: 
Thursday, August 24, 2023

“Canadians in our largest urban centres are generally earning less employment income than people living in comparable American cities,” said Ben Eisen, Fraser Institute senior fellow and co-author of Comparing Median Employment Income in Large Canadian and American Metropolitan Areas .

Key Points: 
  • “Canadians in our largest urban centres are generally earning less employment income than people living in comparable American cities,” said Ben Eisen, Fraser Institute senior fellow and co-author of Comparing Median Employment Income in Large Canadian and American Metropolitan Areas .
  • The study compares median employment income—wages, salaries and commissions from paid and self-employment income (net) before taxes and government transfers—in the 141 largest metropolitan areas in Canada and the United States.
  • The lowest ranking Canadian CMAs are St. Catharines-Niagara (138) at $31,540, London (135) at $36,180, and lastly Montreal (134) at $36,660.
  • “Employment incomes are generally higher in US metropolitan areas—big and small—than they are in Canadian cities,” said Eisen.

Centris Residential Sales Statistics – Second Quarter 2023

Retrieved on: 
Thursday, July 13, 2023

L’ÎLE-DES-SŒURS, Quebec, July 13, 2023 (GLOBE NEWSWIRE) -- The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its quarterly residential real estate market statistics for the province of Quebec, based on the real estate brokers’ Centris provincial database.

Key Points: 
  • Province-wide, residential sales reached 23,550 in the 2023 second quarter, down 13 per cent from the same quarter in 2022.
  • Residential sales in the Montreal CMA stood at 11,795 in the 2023 second quarter.
  • The Quebec City CMA recorded 2,440 residential sales in its territory during the 2023 second quarter.
  • The Saguenay CMA posted 419 residential sales in its territory during the 2023 second quarter.

Rivus Pharmaceuticals Announces Leadership Transition, Appointment of Jayson Dallas, M.D., as CEO

Retrieved on: 
Thursday, June 29, 2023

CHARLOTTESVILLE, Va. and SAN FRANCISCO, June 29, 2023 /PRNewswire/ -- Rivus Pharmaceuticals Inc., a clinical-stage biopharmaceutical company dedicated to improving cardiometabolic health, today announced the appointment of Jayson Dallas, M.D., executive chairman for Rivus Pharmaceuticals, as Chief Executive Officer. Allen Cunningham, who previously held the post, will transition to the role of Chief Operating Officer. In this role, Allen will continue to drive day-to-day operations and clinical development of the company's lead candidate HU6, a first-in-class controlled metabolic accelerator (CMA) designed to treat serious cardiometabolic diseases.

Key Points: 
  • Allen Cunningham, who previously held the post, will transition to the role of Chief Operating Officer.
  • "I have been highly impressed by Rivus' differentiated pipeline, the strength of the company's team and operations, and the scientific rigor underlying our trial designs," said Dr. Dallas, CEO, Rivus Pharmaceuticals.
  • Dr. Dallas has served as executive chairman of the board of Rivus Pharmaceuticals since April 2021.
  • Dr. Dallas also serves on the Boards of Galecto Inc. and Antag Pharmaceuticals.