This Week in the News

buyhouse

Thinking of investing in real estate in Canada? The Toronto Star has published a useful guide to how much you can expect to pay for a home in major Canadian cities and approximately how much you’ll have to earn to do it. In Vancouver, for example, potential homeowners are looking at a hefty Cdn$819,336 price tag, and will need an income of Cdn$147, 023 to fund the purchase and meet mortgage payments. While in Regina, the figures are Cdn$331, 161 and Cdn$72,082 respectively.

bradian

China’s Zhong Ya Group Hebei Canada-China Co. has snatched up an abandoned town in British Columbia, with an aim to turn it into a “recreation hub” where visitors can play at mining for gold, reports industry website www.mining.com. Bradian, formerly a suburb of a gold mining city two hours north of Whistler, currently sits beside Avino Silver & Gold Mines’ Bralorne Gold Mine. The 20-hectare town, which had been on the market for four years, was sold to the real estate developer for under Cdn$1 million.

McLeod

Northwest Territories Premier Bob McLeod is set to visit China on January 10 with an intent to woo potential immigrants to Canada’s Great White North, reports CBC News. McLeod says he wants to increase the population of the NWT, and believes Chinese immigrants will find beneficial opportunities there. On previous visits, McLeod has promoted investment in the fur and diamond industries, as well as untapped gas reserves.