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Your Home Dreams Fulfiller


416.473.6100 PAGES 6 Dream 3 Issue 27

News & Views



Digest After almost five years of growth, high-rise condo sales were down 6.4 percent in May, according to the Toronto Real Estate Board. The worry now is that prices will also start to follow a downward path. Canadian politicians do not want an American-style crash here. Jim Flaherty, the finance minister, recently scolded Canadian banks for discounting mortgage rates. He has been worried that Canadian household indebtedness has risen over the last three years. His government has tightened up mortgage lending rules by, among other things, shortening the length of mortgages. Canadian banks have also kept tight

Toronto Zoo Elephants Not Flying To California

transporting the animals by air at up to US$1 million. (Source: The Canadian Press)

Canada Dollar Falls for Third Week The Canadian dollar fell in the longest streak since May as the country’s job market stagnated while U.S. employment growth exceeded forecasts, adding to evidence the two countries’ economies are diverging. The loonie fell 0.6 percent this week to C$1.0582 per U.S. dollar in Toronto, the third straight drop, the most since four straight weekly declines in the period ended May 31. The currency

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A Dizzying Condo Market in Toronto

There seems to be no flying on the horizon for three aging elephants at Toronto's zoo. The new plan would see Toka, Thika and Iringa travel to the PAWS Wildlife Sanctuary near Sacramento, Calif., on trucks. Toronto City Council voted in 2011 to send the three elephants to the U.S. facility after groups voiced concern about the animals' welfare. U.S. officials had pegged the cost of

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touched C$1.0609 per U.S. dollar yesterday, its weakest level since Oct. 4, 2011. One loonie buys 94.50 U.S. cents. The Bank of Canada will hold the benchmark interest rate at 1 percent for the rest of the year, according to all but one of 24 economists surveyed by Bloomberg. (Source: Bloomberg)

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rein on developers. Before developers are lent construction money, they generally must sell 70 to 80 percent of units in any project in advance. Given that, Urbanation, a company that tracks the Toronto condo industry for developers and lenders, estimates that 89 percent of the units now being built in Toronto are already sold. Buyers who do get cold feet and abandon their purchases lose their 20 percent deposits, a significant amount in a city where the average condo sales price was $372,768 in May. Ontario law also makes it easy for developers to recover the full purchase price in court Buyers, particularly young ones, favor downtown living over long commutes on Toronto’s increasingly congested roads and overtaxed subway and commuter train system. On top of that, Canada changed its immigration rules, so the 381,750 immigrants who came to Toronto from 2006 to 2011 were increasingly affluent or had wealthy relatives back in their home countries. For many of them, real estate as an investment, and condos in particular, are more attractive than lowinterest bank accounts and more certain than stocks. In its report, the Bank of Canada said

Free Market Evaluation Future Is Safe, If You Cover Your Risks


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Toronto and Global Market Review

that it was concerned that the high level of purchases by investors may have “boosted construction in the condominium market beyond demographic requirements,” an analysis disputed by Urbanation and others. Low vacancy rates in Toronto make it easy for condo owners to find renters, while resale statistics suggest that most of those investor-purchasers are holding their units for long-term gains rather than flipping them for quick profits. (Source: The New York Times)

8 Deepest Financial Regrets Of Baby Boomers People born between 1946 and 1964 are generally referred as Baby Boomer generation. Yahoo Finance lists their 8 deepest financial regrets in the USA. You can compare yours, if any, with this list. Once you are aware of your situation, you are going to find ways to cope as you can. 1. Why didn’t I save for retirement? 2. I squandered my intellectual capital 3. I should have never taken that early from my pension fund 4. Credit card debt nearly ruined my retirement 5. We should have never sold our dream home 6. I should have paid more attention

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Insurance need not necessarily be for death, it can also be for living. This type of insurance is called the living benefits insurance. Living Benefit Insurance policies provide financial benefits to survivors who face issues due to critical illness, disability, aging or accidents. Return of premium is also available on expiry/death for certain types, if you have not made any claim during the tenure of the policy. Here some important living benefits: 1. Critical illness insurance Critical illness insurance provides a lump sum payment when a specific health condition is diagnosed. There are many different conditions that might be covered under a critical illness policy but the most common are heart attacks, strokes, and cancer. 2. Disability Insurance Disability Insurance replaces a portion of your earned income, if you are unable to work (as defined by the coverage you have chosen) The definition of "disability" is a variable feature of most policies. Some define it as being unable to pursue your regular work, while others define it as being unable to pursue any work. Some plans pay partial benefits if you return to work part-time, and some do not. So, Editor-in-Chief & Publisher Perrii Muthuraman Direct : 416 473 6100

Editor & Technical Advisor Aishwar Muthuraman DISCLAIMER Dreams and Money takes care to present all the information as accurately and efficiently as possible. Any advice or recommendation appearing in the paper is also part of information only. They should not be construed as an expert opinion. Please note that no representation or warranty with respect to the accuracy or the completeness of the information is given. Information always keeps changing. Hence all the information, including advice and recommendations are to be treated as of general nature only. For your specific circumstances, you are always advised to consult an expert before acting on any information.

unsolicited articles & community news are welcome selected ones will be published email : Web : Copyright © 2010 Dreams and Money, Canada. All Rights Reserved.

THE MISSION At Dreams & Money, we want to help people lead happy lives. We want to help people reach their dreams. A lot of dreams in the world require financial awareness and proper planning to bring to fruition. To get this financial knowledge can be challenging. We realize this, and want to make this process simpler. We will bring you financial news happening around you that impacts you, along with timeless classics on topics like financial planning, life skills, health etc. to help you grow all around to reach your dreams. If you are someone who shares this same passion, and think you can contribute to us in any way (writing articles, spreading the message etc.), please let us know. We’ll be happy to hear from you.

Insure Your Dreams

Future Is Safe, If You Cover Your Risks 3. Long Term Care (mainly due to aging). Long-term care insurance provides monthly benefit for medical or custodial care received in a nursing facility or at home if you are unable to carry out any two of the following common activities of daily living (ADLs). ŸBathing ŸDressing and undressing ŸEating ŸTransferring from bed to chair, and back ŸVoluntarily controlling urinary and fecal discharge ŸUsing the toilet ŸWalking (not bedridden) There are two kinds: 1. One reimburses you for eligible expenses you incur on a given day, up to a pre-set maximum. 2. The other type of long

know the limits of your plan's coverage first, if you want to know how it works

By Perrii Muthuraman term care (LTC) insurance is the income-style plan, which is more flexible. It offers the income when you require the care, without having to prove you had expenses. 4. Whole Life Participating Insurance -- as a Tax Free Retirement Strategy It is a retirement strategy that gives you both cash value (savings) and life insurance coverage. When you place your money in a bank GIC, you only get the savings and not life insurance coverage. Whole Life Participating Insurance gives both cash value (comparable with GIC) and insurance. The Guaranteed Cash Value is shown in the contract. Actual cash value will be either equal to or greater than the Guaranteed Cash Value. The cash value can be used as a tax free living benefit using an appropriate financial strategy. To know more visit:

Choosing A Personal Injury Lawyer: Tips and Tricks Have you experienced a personal accident lately and it happened due to the carelessness of someone else, and not you? If yes, then you might be advised to hire the help of a personal injury attorney. Choose the right lawyer to get your case handled efficiently. Here are some tips that may help you out in selecting the right professional lawyer Look for expertise and experience – Make sure the lawyer you are going to work with is an expert on dealing such cases of personal injury. Ask him/her how many cases he/she has dealt with till date and what is the success rate. Also check out for how many years he is working in this field. The more experienced he is the better chances of winning a fair compensation will be there. Try to get it done by the local attorneys – If possible, try to hire one of the lawyers, who are based in your locality. A local lawyer would be able to come to meet you and discuss the prospects of your case in detail. Otherwise you would have to depend upon phone or emails while dealing with a lawyer, who is not from your locality. Ask for referrals –Ask your friends, family and acquaintances if they have recently hired a personal injury attorney and if yes, then ask for some relevant information about the entire process. Ask them in particular what you should look for while hiring a professional

attorney, whom to hire and whom to not. It is always best if they can recommend someone in particular as you will be assured to deal with someone who is trusted upon by people whom you trust. Check several sources – Don't finalize the deal with any one of the personal injury lawyers at the first go. Make sure you have checked a number of options before choosing someone. Schedule a meeting with each of the

lawyers whom you have primarily chosen, based on references and recommendations. Ask them certain important questions like what are the prospects of your case, what will be his strategies, how he will be proceeding with the case etc. Make your choice depending upon the answers. Find out the Size of the law firm – The size of the law firm, from where you are going to hire the professional, does 2

By Alan Starc

matter at times, though not always. It will help you understand how experienced the attorneys, associated with that firm, are and depending upon this you can take the decision. Moreover since there are a number of employees in a law firm, you might get more than one attorneys working on your case. It is most likely that a law firm with a good reputation and experience will have particular strategies regarding dealing with a case and you can expect to get a fair compensation with the help of those experienced professionals. Check out if the lawyer is licensed – If you are dealing with a lawyer, who is associated with a popular law firm, it is most likely that he will have a license. But it is still advised to check it out personally. And if you are planning to work with an individual attorney, then it is a must for you to check whether the lawyer is licensed to perform in your locality and if he is registered with the bar association. Who will deal the case? – At times it happens that you sign the deal with an experienced and efficient attorney, but people who ultimately handles the case, are those who work as trainees with the lawyer. Make sure this is not the case with you.

8 JULY 2013



evelopers are real estate entrepreneurs with great ideas, energy and the contacts to visualise and achieve exciting projects. To translate these ideas into soaring buildings or sculpted neighbourhoods, they perform extensive due diligence, acquire the lands, obtain development approvals and build the project. The whole process requires 'soft cost' money or equity capital. Developers can offer the project property as security with investors and the banks to raise the required money. One way to do this is through a syndicated mortgage. Syndicated Mortgage is a mortgage funded by a group of private investors, who participate in one mortgage at a time. Each investor is individually registered and secured proportionally; allowing consumers to invest directly into large scale Real Estate Development projects with real security and the ability to earn real returns. In an era of volatile stock markets and mutual funds, this article highlights an alternative to traditional fixed income options. Any investment carries risk, even traditional instruments like bonds. Cash, in particular, carries inflation risk (same money buys less goods over the years) and can be exposed to currency fluctuations. Bonds value may decrease, if interest rates increase. Syndicated Mortgage is no exception and the associated risks are detailed further. Generally speaking, you would like to consider the following aspects before choosing any investment that meets your goals. Ÿ Regular current Income &/or Capital appreciation. Ÿ Tax benefits Ÿ Safety of principal or getting back the principal amount Ÿ Liquidity or easy sale ability Ÿ Inflation protection or guarding against losing the value of money Ÿ Leverage or using other people's money to accumulate wealth Ÿ Suitability for RRSP, TFSA etc. Ÿ Based on the above criteria, we shall analyse syndicated mortgage investment. Ÿ An investor in a syndicate mortgage will receive a regular fixed interest payment for his or her investment in a project. There may also be the potential for additional earnings through a profit sharing arrangement based on criteria presented to the investor at the time of his or her investment. Ÿ No special tax benefits are available. Ÿ It is comparable to REITS listed on the Toronto Stock Exchange depending on what asset class is being invested in. Ÿ Investor has to stay in the investment for the committed period. Usually it is 2 or 3 years. Ÿ Generally, real estate investment is considered as a protection



An Alternative To The Traditional Investing By Perrii Muthuraman

against inflation. This is a form of real estate investment that provides direct charge/ security against the land. Remember real estate also has cycles, similar to business cycles. Ÿ In an era of low interest rates, by using this investment vehicle, you can lower your mortgage debt faster if you apply the higher earnings from the syndicate mortgage to a presumably lower rate residential mortgage Ÿ You can move your RRSPs, LIRAs, RIFFs, RESPs & TFSAs and of course open funds (cash) investments into syndicated mortgage investments. Monies in a TFSA savings account will grow tax free. G e n e r a l l y, m i n i m u m investment is specified to an investor for participating in the syn d i c a t i o n . However there is no ceiling or maximum amount that one can contribute. When the loan matures and is paid out, the funds are returned to the investor. A higher rate of return (as compared to most bonds with similar terms) and reasonable commitment horizon (usually 2 to 3 years) are some of the primary benefits for the investors. The underwriting process offers more options than traditional banking institutions. This flexibility allows Mortgage Syndication to fund a variety of large scale projects such as downtown condos, malls and multi-story complexes. With an ever increasing population, there is high demand for this type of financing in Canada. Developers of the project get bank financing after a certain stage for construction purposes. They need additional capital outside of the funds the bank provides to buy the land and finance the construction. The company that organizes the syndicate selects the developers to participate with. Developers are carefully screened and they contribute their own equity and cash also at prescribed intervals. A successful track record of the developer and quality appraisals are critical. “Loan to value” ratio of a deal ensures the safety margin available for investors. Since investment is secured against the land/property, the valuation of that asset is key. In the event of any problem with the project, the asset can be sold to help recover principal investment. Appraisals are provided by qualified professionals such as AACI designated members and other real

Ÿ Obtaining performance bonds

estate professionals. As already mentioned, syndicated mortgage investment also carries certain risks. Some of them are: Ÿ Failure of the developer or development. Ÿ Real Estate Cycles & Bubbles. Ÿ Cost over runs and delays. Ÿ Zoning risks Ÿ Low pre-sales & Ÿ Inadequate financing Ÿ Like the banks, the lender takes steps to minimize these risks. They are Ÿ Proper critical appraisals and engaging third party research companies to provide detailed analytics to assess the value of a property or parcel. Ÿ Ensuring proper equity margin of the developer in the project. Loan to Value ratio is one of the criteria in this regard. Ÿ Ensuring proper zoning before committing to the project. (Zoning approval delays have been the major cause of failure in many projects) Ÿ Promoter's successful past tract record & strong sales objective. Ÿ Insuring and bonding of all high rise projects (This step will insulate investors from delays and budget stress). 3

(Performance bonds are a type of insurance taken out on high rise construction that protects the development and investors from a variety of exposures. Together with labour and material bonds and a builder's risk policy, they form a complete risk management solution. This does come at a cost to the project and is a necessary expense for any project so that the investors are protected). Despite all the precautions, if the developer or development fails, lender in advance, usually work with the developer to find a solution that could include: Ÿ a payment to investors in exchange for an extension Ÿ an institutional refinance to buy out the Syndicated Investors If these cannot be achieved, then the process would commence to sell the property to recover the investor monies. This is a significant advantage to being secured via syndicate mortgage; recovery of the syndicated investment will take priority over all unsecured debts, monies owed by the corporation and even construction liens. Finally, all markets are cyclical and real estate is no exception. That's why many syndicate lenders focus on shorter development cycles of about 3 years to avoid getting caught in lengthy rezoning delays that can hurt projects. The key is a sound strategy that can be repeated as a long term cash flow and growth model. This is an informative article only. It is better to consult your trusted advisor before acting on any such information. For further information and free consultation, you may contact the author at 416 473 6100 or email


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GTA Housing Market


Buying Or Selling – Do It With Greater Confidence Here is the General Real Estate Trend for GTA For specific areas – like your area where you want to buy or sell - call PERRII at 416 473 6100 for detailed analysis and free presentation.



Residential Market Watch Greater Toronto Area REALTORS® reported 9,061 sales through the TorontoMLS system in June 2013 - down by less than one per cent compared to June 2012. Over the same period, new listings were down by a greater rate than sales, suggesting market conditions became tighter. "The sales picture in the GTA improved markedly in the second quarter of 2013. While the number of transactions was still down compared to 2012, rates of decline were substantially improved compared to the first quarter," said Toronto Real Estate Board President Dianne Usher. "As a growing number of home buyers, many of whom put their purchase on hold due to stricter lending guidelines, now reactivate their search, the expectation is for renewed growth in home sales in the second half of 2013," added Ms. Usher The average selling price in June was up by 4.7 per cent year-overyear to $531,374. In line with the 2013 norm, June price growth was driven by the single-detached and semi-detached market segments, particularly in the City of Toronto. Over the same time period, average condominium apartment selling prices remained in line with 2012 levels. "The short supply of low-rise home types in many parts of the GTA relative to the number of households looking to buy continued to prompt strong upward pressure on selling prices of singles and semis," said Jason Mercer, TREB's Senior Manager of Market Analysis. "We have also seen enough buyers in the better-supplied condo apartment market to provide support for selling prices at current levels.” For a free consultation about your area, contact Perrii at 416 473 6100.



January February March April May June July August September October November December Annual/year to date III

Avg Sale Price


Avg Sale Price


Avg Sale Price

4,280 5,759 7765 9,811 10,182 9,061

$482,331 $510,580 $519,879 $526,335 $542,174 $531,374

4,432 6,809 9,385 10,022 10,546 9,130 7,339 6,250 5,687 6,718 5,627 3,595 85,540

$462,655 $500,249 $500,875 $515,869 $514,550 $507,361 $475,507 $477,174 $501,326 $502,060 $484,503 $478,700 $497,186

4,199 6,057 8,985 8,778 9,766 9,959 7,683 7,330 7,421 7,425 6,908 4,585 89,096

$425,762 $453,355 $456,254 $476,802 $485,362 $474,223 $458,646 $450,323 $463,976 $474,241 $477,582 $449,566 $465,014

Sales & Average Price By Major Home Type – JUNE 2013


Total 4,548 1,003 1,433 1,885

416 866,326 618,194 443,126 366,532

Average Price 905 598,708 411,877 378,264 288,604

Total 665,613 490,043 395,418 343,546


Sales New Listings Active Listings Average Price Average Days On the Market V



Sales 416 905 Detached 1,137 3,411 Semi-Detached 380 623 Townhouse 379 1,054 Condo Apartment 1,329 556 IV


2013 9,061 15,564 22,205 531,374 24

2012 9,129 16,582 20,583 507,342 22

Notes 1.New listings mean listings during the reporting period entered. 2.Active listings mean listings as at the end of the reporting period.


Monthly Sales Report - June 2013 Area Average Benchmark Index One 3 Months 6 Months 1 Year Sales Price $ Price (HPI) Month 713 $602,314 538,600 164.2 0.24 2.11 5.26 4.39

Halton (Burlington, Halton Hills, Milton, Oakville) Peel (Brampton, 1,999 467,915 412,800 150.9 0.33 Caledon, Mississauga) Toronto (City of Toronto) 3,265 578,575 522,100 159.3 0.06 York (Aurora, King, 1,699 623,603 561,400 163.6 0.55 Markham, New Market, Richmond Hill, Vaughan, Whitchurch - Stouffville etc) Durham( Ajax, Brock, 1,093 361,318 324,700 138.0 1.10 Clarington, Oshawa, Pickering, Whitby etc) Duffer in County (Orange ville) 62 352,128 335,100 146.2 1.53 Simecoe County 230 368,110 304,100 143.1 1.63 Total 9,061 $531,374 475,300 155.8 0.32




2.64 2.70

4.39 5.01

1.79 3.35




4.28 3.7 2.57

4.06 6.0 4.56

2.96 5.38 2.91


3. MLS® HPI provides a more precise picture of home price trends in a given region, municipality or neighbourhood than the average prices.

Weekly Sales Report - July 4, 2013 Area Sales 126

Halton (Burlington, Halton Hills, Milton, Oakville) Peel (Brampton, Caledon, Mississauga) 411 Toronto (City of Toronto) 588 York (Aurora, King, Markham, New 344 Market, Richmond Hill, Vaughan, Whitchurch - Stouffville etc) Durham (Ajax, Brock, Clarington, 323 Oshawa, Pickering, Whitby etc) Duffer in County (Orangeville) 22 Simecoe County 70 Total 1,738

Average Price $ 561.577 463,669 545,912 633,506

381,779 409,321 390,774 $520,049

(Source: TREB) 5

8 JULY 2013



Global and Indian Market Weekly Review - Week Ended 5 July 2013 Review of Global markets European markets traded volatile and ended slightly lower. However, Asian markets ended higher on last day of the week. US stocks end with moderate gains ahead of long weekend. A strong jobs report sent stocks higher Friday, capping a weekly gain for the market as investors set aside concerns about the Federal Reserve and focused on the improved outlook for economic growth. Data showing Euro-area factory output contracted in June less than initially estimated and slowdown in manufacturing activity in China, South Korea and Taiwan raised concerns about the health of those economies. A growing crisis in Egypt, political turmoil in Portugal and downbeat data from China weighed on sentiment. However, two most important central banks in Europe on Thursday said after monetary policy review that they are in no hurry to wind down stimulus. The European Central Bank, as expected, kept its main lending rate at a record low 0.5% on Thursday, the same level it's been at since it was cut from 0.75% back in May. The Bank of England (BOE) decided to keep its key lending rate at a record low 0.5% and to leave the size of its bond-buying program unchanged at 375 billion pounds China's manufacturing Purchasing Managers' Index for June dropped to 50.1 from 50.8 in May. HSBC showed the monthly PMI falling to 48.2 in June from 49.2 in May. China's services Purchasing Managers' Index fell to 53.9 for June from May's 54.3, The government said U.S. payrolls grew by 195,000 jobs in June, more than economists had expected. But the unemployment rate held steady at 7.6%. The U.S. central bank has signaled that

it will begin to slow the pace of its $85billion-per-month bond buying program when it sees significant improvement in the unemployment rate. Review of Indian markets


rupee and crude prices in the following week. The near term focus of the market is on Q1 June 2013 corporate earnings. IT major Infosys kickstarts Q1 results season on Friday, 12 July 2013. On macro front, the Central Statistics Office (CSO) will unveil industrial output data for May 2013 on Friday, 12 July 2013. The CSO will unveil data on inflation based on the combined consumer price index for urban and rural India for the month of June 2013 on Friday, 12 July 2013, and data on inflation based on the wholesale price index (WPI) for June 2013 on 15 July 2013.

Indian Market gained during the last week on FII inflows. The market edged higher after revival of inflows from foreign institutional investors (FIIs), which sold shares worth over Rs 11000 crore last month. Positive global cues and above-average monsoon also boosted investors' sentiment. The market gained in three out of five trading sessions. Sensex rose 0.52% to 19,495.82 and Nifty rose 0.44% to 5,867.90 in the week ended Friday, 5 July 2013. The HSBC Manufacturing Purchasing Managers' Index (PMI), compiled by Markit, edged up to 50.3 in June from 50.1 in May. The HSBC Markit Services Purchasing Managers' Index fell to 51.7 in June from May's three-month high of 53.6. The rupee weakened on Friday following other Asian currencies, as dollar rallied on indications from central banks in Europe that ultra-low rates will continue in the region. Monsoon rains were 4% above average in the week that ended on 3 July 2013 Market outlook – week begins from 8 July 2013 Market may follow the trend of

Investors will keenly track movement of rupee against the dollar and crude oil prices. A weak rupee and higher crude oil prices could worsen India's current account deficit situation as it imports 80% of its oil requirement You do not have to be wealthy to be an investor. Investing even a small amount can produce considerable rewards over the long-term, especially if you do it regularly. But you need to decide about how much you want to invest and where. To choose wisely, you need to know the investment options thoroughly and their relative risk exposures. We provide real time training to become a successful independent investor Further details: | Ph : +91 93800 34431 / 99625 34431

TSX Posts A Small Gain This Week TSX Trend From June 28, 2013 to July 6, 2013

TSX Trend From July 6, 2012 to July 5, 2013

Weekly Statistics Canada News No Change In Unemployment Rate In June, employment was virtually unchanged and the unemployment rate remained at 7.1%. In the first half of 2013, employment growth averaged 14,000 per month, slower than the average of 27,000 in the last six months of 2012.

Jobs In Tourism Rises

Source : Yahoo Finance

The Toronto Stock Exchange's S&P/TSX composite index closed at12,134.91this week. (Last week 12,129.11) Canada's main stock index fell on Friday after a robust U.S. jobs report revived worries that the U.S. Shares of gold producers dropped nearly 3 percent as the jobs figures diminished the safe-haven appeal of bullion. Friday's data showed U.S. job growth was stronger than expected in June and that the employment count for the previous two months was higher than initially reported. It's good news for the economy but bad news for the people who think that quantitative easing is going to be here forever. Six of the 10 main sectors on the index were in the red. The materials sector, which includes mining stocks, declined the most among the major groups, giving back 1.6 percent. Most commodity prices fell on Friday as the jobs figures pushed up the U.S. dollar, which made greenback-priced commodities more expensive. The loonie was 94.63cents US. (Last week 95.06 cents US) The Dow Jones industrials closed at15,135.84( Last week 14,909.6), the Nasdaq at 3,479.38(last week 3,403.25) and the S&P 500 index was at1,631.89.(Last week 1,606.28).

The number of jobs in tourism industries rose 1.5% to 1.7 million in 2012. These jobs, which include both employee jobs and jobs from self-employment, represented 9.4% of the 17.9 million jobs in Canada. The growth in the number of jobs in tourism outpaced the 1.0% increase in jobs in the total economy during the year.

Changing Labour Market Conditions For Young Canadians Women aged 25 to 34 had more favourable employment outcomes in 2012 than did their counterparts in 1981. Men aged 25 to 34 living in the oilproducing provinces of Alberta, Saskatchewan and Newfoundland and Labrador had mixed results. In contrast, men aged 25 to 34 living in non-oil-producing provinces had lower employment outcomes in 2012 than in 1981. Among men and women under 25 employment conditions also deteriorated between 1981 and 2012, but less so in oilproducing provinces. 6

Dreams & Money: July 2013 Issue 2  
Dreams & Money: July 2013 Issue 2  

Dreams & Money: July 2013 Issue 2