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Simeon Mitropolitski is a Canadian analyst, of Bulgarian origin, and a former syndicated columnist with the Bulgarian News Agency (BTA). He is the author of several hundred articles dealing with hot political and economic topics, both national and international.
He was part of the first group of Bulgarian intellectuals and students that began the opposition movement that finally put an end to the communist regime in this country in 1989, and in 1996-1997 participated in international observation teams during the elections in several Balkan countries - Romania, Albania and Bulgaria.
In 2002 Simeon and his family moved from Bulgaria to Canada where they live now in Montreal, province of Quebec. Simeon is a Master of Political Science from McGill University and a B.A. of Political Science and History.
Global Real Estate Project
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Canada: Three good news
The seasonally adjusted annual rate of housing starts increased to 154,700 units in March from 136,100 units in February, according to Canada Mortgage and Housing Corporation. There are more starts in the two key provinces, Ontario and Quebec, where almost two third of the entire population lives. There is, however, some decline in British Columbia, in Atlantic Canada, and in the Prairies. In the latter, the main reason is falling down energy prices. There is some improved housing affordability, according to the latest housing report by the Royal Bank of Canada. The sharp deteriorating trend in RBC's affordability measures from mid-2004 to early 2008 has been reversed in the past year. Compared with a year earlier, RBC's measures improved 2.3 to 3.5 percentage points due primarily to lower lending rates. The housing affordability measures the proportion of pre-tax household income needed to service the costs of owning a home. The affordability for detached bungalow is now at 43.7 pct, the standard townhouse is at 35.4 pct, the standard condo is at 30.1 pct, and the standard two-story home is at 50 pct. The affordability measure for a detached bungalow for Canada's largest cities is as follows: Vancouver 70.3 pct, Toronto 51.3 pct, Calgary 42.7 pct, Ottawa 42.7 pct and Montreal 39.4 pct. The Bank of Canada says it will keep the key-lending rate at its historic low level of .25 pct until June 2010, and if that doesn't help Canada survive the recession it will take less conventional measures like buying out governmental and corporate papers.
Canada profile: -------------------- See also the directory of companies providing real estate services in, and general real estate information of Canada.
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