Quebec

Booming market and shortage of listings: Quebec City CMA continues to stand out 

Retrieved on: 
Monday, November 6, 2023

QUEBEC CITY, Nov. 06, 2023 (GLOBE NEWSWIRE) -- The Quebec Professional Association of Real Estate Brokers (QPAREB) has just released its residential real estate market statistics for the month of October 2023. The most recent market statistics for the Quebec City Census Metropolitan Area (CMA) are based on the real estate brokers’ Centris provincial database.

Key Points: 
  • The most recent market statistics for the Quebec City Census Metropolitan Area (CMA) are based on the real estate brokers’ Centris provincial database.
  • The Quebec City CMA posted 729 residential sales during the month of October 2023.
  • “The Quebec City market continues to impress with its imperviousness to national bad news.
  • The median price of single-family homes in the Agglomeration of Quebec City reached $350,000, up by 1 per cent.

Minister O' Regan announces reappointments to the Canada Industrial Relations Board

Retrieved on: 
Thursday, October 26, 2023

Elizabeth Cameron has been serving as a full-time employer representative member of the Canada Industrial Relations Board since 2021.

Key Points: 
  • Elizabeth Cameron has been serving as a full-time employer representative member of the Canada Industrial Relations Board since 2021.
  • She held the positions of Vice-President, Labour Relations at NAV CANADA, where she served as chief labour relations negotiator under numerous collective agreements.
  • Richard Brabander has been a full-time member of the Canada Industrial Relations Board since 2013.
  • Barbara Mittleman has been serving as a part-time employer representative member of the Canada Industrial Relations Board since 2016.

ARISTID RETAIL TECHNOLOGY ANNOUNCES FIRST NORTH AMERICAN CLIENT OF INNOVATIVE OFFER MARKETING SOFTWARE

Retrieved on: 
Thursday, October 26, 2023

Canac becomes first North American retailer to partner with ARISTID Retail Technology, a global leader in promotional communications technology

Key Points: 
  • Canac becomes first North American retailer to partner with ARISTID Retail Technology, a global leader in promotional communications technology
    MONTREAL, Oct. 26, 2023 /CNW/ - ARISTID Retail Technology today announced that Canac, the Quebec City-based home renovation retailer, has selected ARISTID's Omnipublish platform to power all its back-end promotional workflows.
  • "ARISTID Retail Technology is particularly proud to sign an innovative retailer like Canac as our first North American client.
  • This points the way ahead to additional exciting opportunities this side of the Atlantic", stated Rodolphe Bonnasse, CEO of ARISTID Retail Technology.
  • Christopher Young, Director of Business Development for North America, [email protected] , 514-375-0742
    Learn more about how ARISTID Retail Technology is revolutionizing the promotional communications landscape.

Shifting Focus: Single Family Home Sales Drive Canada’s Luxury Market as Consumer Demand Evolves

Retrieved on: 
Wednesday, October 18, 2023

TORONTO, Oct. 18, 2023 (GLOBE NEWSWIRE) -- As the country’s housing market continued to wrestle with the challenges of elevated mortgage rates, uneven economic performance and intense geopolitical turbulence, reviving luxury single family home sales in the third quarter of the year revealed the relative resilience and adaptability of luxury real estate buyers, as well as Canadians’ unwavering desire to attain home ownership. According to Sotheby’s International Realty Canada’s Top-Tier Real Estate: Fall 2023 State of Luxury Report, luxury single family home sales in Canada’s largest residential real estate markets renewed in the third quarter of 2023, even as activity in the luxury condominium market tempered, a reflection of changing housing considerations, consumer preferences and financial strategies in light of rising housing prices and carrying costs.

Key Points: 
  • In the month of September, luxury single family home sales moderated, as sales over $4 million fell 26% year-over-year to 14 homes sold.
  • According to Sotheby’s International Realty Canada experts, despite recent sales gains, the city’s luxury single family home market has normalized.
  • GTA luxury single family sales activity in the initial month of fall suggests an active market in the months ahead.
  • Sales activity in Montreal’s luxury single family home market was uneven throughout the summer and hinted at a transition to a more balanced market.

Inter-Cité Construction to pay $150,000 in territory allocation settlement

Retrieved on: 
Friday, October 20, 2023

This payment is part of a settlement reached between the Public Prosecution Service of Canada and Inter-Cité, and filed yesterday in the Superior Court of Quebec.

Key Points: 
  • This payment is part of a settlement reached between the Public Prosecution Service of Canada and Inter-Cité, and filed yesterday in the Superior Court of Quebec.
  • The settlement stems from an investigation by the Competition Bureau into the company's role in a scheme that targeted public contracts in the Saguenay-Lac-Saint-Jean region between 2008 and 2010.
  • As part of the settlement, the company has also implemented a corporate compliance program , which is designed to prevent its employees from engaging in other anti-competitive activities.
  • "Agreements between competitors, such as those involving the allocation of markets or territories, drive up the cost of public contracts.

Altus Group Report Reveals Commercial Tax Rate in Major Canadian Cities Reaching More than Three Times the Residential Rate

Retrieved on: 
Wednesday, October 11, 2023

"As we assess this ever-changing landscape of commercial and residential property tax, it becomes clear that adaptability is key to navigating these times.

Key Points: 
  • "As we assess this ever-changing landscape of commercial and residential property tax, it becomes clear that adaptability is key to navigating these times.
  • The ratios in both cities have continuously dropped and since 2017, these two cities have had the most equitable commercial to residential ratios in this study.
  • The ongoing delay in reassessment is compromising the province’s economic competitiveness and could ultimately translate to higher property tax rates.
  • A copy of the Altus Group 2023 Canadian Property Tax Rate Benchmark Report can be downloaded at: https://www.altusgroup.com/insights/canadian-property-tax-benchmark-report/

The Quebec City Market Continues to Shine, Setting a New Price Record for Condominiums

Retrieved on: 
Thursday, October 5, 2023

While the median price of single-family homes seems to be plateauing, it has reached a new record for condominiums.

Key Points: 
  • While the median price of single-family homes seems to be plateauing, it has reached a new record for condominiums.
  • The most recent market statistics for the Quebec City Census Metropolitan Area (CMA) are based on the real estate brokers’ Centris provincial database.
  • “The Quebec City market continues its momentum, once again defying the pressure exerted by the recent wave of rising interest rates.
  • The median price of single-family homes in the Agglomeration of Quebec City reached $354,000, up by 6 per cent.

Harvest season is upon us, and the future of Canadian farming is ripe with possibility. (And on that farm, there was a… farmer, engineer, and robotics expert!)

Retrieved on: 
Wednesday, October 4, 2023

Their work will change the way we grow fresh produce both in Canada and around the globe.

Key Points: 
  • Their work will change the way we grow fresh produce both in Canada and around the globe.
  • Projects were chosen for their visionary concepts, practical plans for adoption and scaling, and their commitment to fostering collaboration.
  • Represented in the competition are farmers, producers, engineers, agronomists, horticulturalists, AI specialists, and environmental scientists—to name a few.
  • Stay updated on the teams’ journeys, the Challenge and news and insights on the latest and greatest in Canadian agriculture at https://homegrownchallenge.ca/ .

Probe Gold Awarded ECOLOGO Certification for Responsible Mineral Exploration

Retrieved on: 
Tuesday, September 26, 2023

TORONTO, Sept. 26, 2023 (GLOBE NEWSWIRE) --  – Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”), is pleased to announce that it has received UL 2723 ECOLOGO® Certification for Mineral Exploration Companies (the “ECOLOGO Certification”) for following the best practices for responsible development in the mining exploration industry. Probe Gold began the accreditation process in February 2022 and successfully completed it in August 2023. This process involved developing and implementing internal policies and procedures, along with a comprehensive review of the documentation. The verification was conducted by UL Solutions, a globally recognized and respected scientific testing, inspection, and certification company specializing in standards development and certification.

Key Points: 
  • Probe Gold began the accreditation process in February 2022 and successfully completed it in August 2023.
  • The verification was conducted by UL Solutions, a globally recognized and respected scientific testing, inspection, and certification company specializing in standards development and certification.
  • In 2012, the Quebec Mineral Exploration Association, known as the “Association de l'exploration minière du Québec” or “AEMQ”, developed the concept of establishing a certification process.
  • This process aimed to assess and acknowledge responsible practices within mineral exploration firms and their service providers.

Anebulo Pharmaceuticals Reports Fourth Quarter and Fiscal Year 2023 Financial Results and Recent Updates

Retrieved on: 
Wednesday, September 20, 2023

Fourth Quarter Fiscal Year 2023 and Subsequent Highlights:

Key Points: 
  • Fourth Quarter Fiscal Year 2023 and Subsequent Highlights:
    Positive feedback from the Type B meeting with the FDA supports advancing ANEB-001 to registrational studies.
  • Net loss in the fourth quarter of fiscal 2023 was $2.5 million, or $(0.10) per share, compared with a net loss of $2.3 million, or $(0.10) per share, in the fourth quarter of fiscal 2022.
  • Financial Results for the twelve months ended June 30, 2023
    Operating expenses in fiscal year 2023 were $11.8 million compared with $6.8 million in the same period in fiscal 2022.
  • The increase in the net loss was the result of higher operating expenses in fiscal year 2023, as explained above.