Canada inflation up more than expected in November

OTTAWA — Canadian consumer prices rose 1.0 percent November versus the same month a year before, a greater rise than economists had expected amid higher gasoline prices, Statistics Canada said Thursday.

Economists had forecast a rise of 0.8 percent in inflation, following an increase in October of 0.1 percent year over year.

“Prices at the pump are now exerting upward pressure on the Consumer Price Index after an extended period in which they were the main contributors to year-over-year declines in overall consumer prices,” said Statistics Canada.

In November, gasoline prices were 14.1 percent higher than they were in November 2008, following a 13.1 percent decline between October 2008 and October 2009, said the government agency.

Overall, energy prices rose 1.3 percent between November 2008 and November 2009, following a 12.7 percent decline the month before.
Except for shelter, all major components of the Consumer Price Index recorded price increases in November, lead by hikes in transportation costs, food and furniture prices, and the cost of household operations.
Consumers paid 7.8 percent more for car insurance, 2.1 percent more for milk and eggs, 5.4 percent more for fish and seafood and 2.7 percent more to dine out at a restaurant.

Books and tuition cost 1.8 percent more.

Home prices fell 2.1 percent while the interest portion of payments on outstanding mortgage debt fell 4.0 percent, following a 3.1 percent decrease in October.

However, homeowners paid 4.3 percent more in November for maintenance and repairs costs and property taxes.

http://www.google.com/hostednews/afp/article/ALeqM5hx-CQH6T5mj-ivSGwqTyn1J-RjKw

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Canada’s 1M+ Club: Which Canadian Metros Have An Urban Sprawl Problem?

Urban sprawl in Canada is becoming a serious problem.  Cities across Canada continue to expand their urban footprint and property taxes are rising above and beyond inflation – there seems to be a direct correlation between these two and there seems to be no end to this trend.
Statistics Canada recently released its post-2006 census population estimates for major Canadian CMAs (Census Metropolitan Areas).  The estimates include revisions for the census undercounts, i.e. the estimated number of estimated individuals that didn’t partake in the 2006 Census.  Canada now has six cities with a population of over 1 million inhabitants: Toronto, Montreal, Vancouver, Ottawa-Gatineau, Calgary, and Edmonton.  Each one of these major Canadian metros is growing at different pace and most are continuing to experience urban sprawl and tax rate hikes beyond inflation.
Urban sprawl has become a significant issue in most major Canadian cities and is likely a major cause for our city tax hikes.  When a city sprawls, the city’s got to pay for infrastructure to service these remote areas including sewers, roads, transit, garbage collection etc.  So which cities are doing a better job of controlling sprawl?
The image above is a visual representation of the urban footprint of our Canadian 1M+ club and is produced from Google Maps’ satellite view (using a consistent aerial elevation).  The images are not totally accurate, but are a decent representation of the urban footprint of our major metros.  Based on these images, it is apparent that some cities are doing a better job of controlling urban sprawl than others.
Calgary and Edmonton are the most rapidly growing Canadian metros (from a growth % perspective).  Calgary however seems to have a major urban sprawl issue – with 1.18M inhabitants, its urban map has clearly sprawled out further than its similar population-sized counterparts Ottawa-Gatineau and Edmonton.  Ottawa-Gatineau’s greenbelt, which was originally implemented to control urban sprawl, has clearly contained the inner core of the city resulting in a dense inner city but has not prevented the emergence of distant suburbs such as Kanata, Orleans, and South Nepean (Barrhaven) from forming.
Vancouver appears to be doing the best job in controlling sprawl.  High rise condos have led to a highly populated centre core that has greatly contained this 2.27M metro.  Toronto clearly has the worst urban sprawl problem – with 5.53M in the GTA (Greater Toronto Area), the city’s boundaries continue to push further out in all directions.  Recently, the Ontario Government implemented a new greenbelt around the GTA to protect environmental areas and curb the sprawl.  This is probably a step in the right direction as GTA commuting times are growing exponentially resulting in a growing environmental problem.  Further, the GTA faces an ever-expanding wish list of expensive infrastructure projects that will cost the Ontario tax payer big $ over the coming decades.
Montreal’s population growth has slowed dramatically over the last two decades likely in part due to the separation movement in Quebec which drove out major headquarters to Toronto and other metros.  Once Canada’s most populous metro, population growth has resumed in Montreal and the city continues to face a major sprawl issue, The severity of Montreal’s sprawl has likely been curtailed over the last few decades by the confines of the island – the majority of Montreal’s population lives on an island which acts as a physical barrier to sprawl (similar to a greenbelt).
So which 1M+ Canadian metros have done the best at controlling urban sprawl?  Here are my rankings:
1. Vancouver
2. Edmonton
3. Ottawa-Gatineau
4. Montreal
5. Calgary
6. Toronto
How can cities fight urban sprawl?
There are a number of ways to do it but here are some popular methods: denser inner city cores with more high rise residential buildings, higher development charges for suburban development, cheaper development charges for inner city development and proximity to public transit, strict enforcement of land zoning to prevent zoning amendments, cheaper property taxes in the inner city, and the implementation of greenbelts and environmentally protected areas surrounding our metro areas.
http://network.nationalpost.com/np/blogs/executive/archive/2009/10/11/canada-s-1m-club-who-s-got-an-urban-sprawl-problem.aspx

Urban sprawl in Canada is becoming a serious problem.  Cities across Canada continue to expand their urban footprint and property taxes are rising above and beyond inflation – there seems to be a direct correlation between these two and there seems to be no end to this trend.

Statistics Canada recently released its post-2006 census population estimates for major Canadian CMAs (Census Metropolitan Areas).  The estimates include revisions for the census undercounts, i.e. the estimated number of estimated individuals that didn’t partake in the 2006 Census.  Canada now has six cities with a population of over 1 million inhabitants: Toronto, Montreal, Vancouver, Ottawa-Gatineau, Calgary, and Edmonton.  Each one of these major Canadian metros is growing at different pace and most are continuing to experience urban sprawl and tax rate hikes beyond inflation.

Urban sprawl has become a significant issue in most major Canadian cities and is likely a major cause for our city tax hikes.  When a city sprawls, the city’s got to pay for infrastructure to service these remote areas including sewers, roads, transit, garbage collection etc.  So which cities are doing a better job of controlling sprawl?

The image above is a visual representation of the urban footprint of our Canadian 1M+ club and is produced from Google Maps’ satellite view (using a consistent aerial elevation).  The images are not totally accurate, but are a decent representation of the urban footprint of our major metros.  Based on these images, it is apparent that some cities are doing a better job of controlling urban sprawl than others.

Calgary and Edmonton are the most rapidly growing Canadian metros (from a growth % perspective).  Calgary however seems to have a major urban sprawl issue – with 1.18M inhabitants, its urban map has clearly sprawled out further than its similar population-sized counterparts Ottawa-Gatineau and Edmonton.  Ottawa-Gatineau’s greenbelt, which was originally implemented to control urban sprawl, has clearly contained the inner core of the city resulting in a dense inner city but has not prevented the emergence of distant suburbs such as Kanata, Orleans, and South Nepean (Barrhaven) from forming.

Vancouver appears to be doing the best job in controlling sprawl.  High rise condos have led to a highly populated centre core that has greatly contained this 2.27M metro.  Toronto clearly has the worst urban sprawl problem – with 5.53M in the GTA (Greater Toronto Area), the city’s boundaries continue to push further out in all directions.  Recently, the Ontario Government implemented a new greenbelt around the GTA to protect environmental areas and curb the sprawl.  This is probably a step in the right direction as GTA commuting times are growing exponentially resulting in a growing environmental problem.  Further, the GTA faces an ever-expanding wish list of expensive infrastructure projects that will cost the Ontario tax payer big $ over the coming decades.

Montreal’s population growth has slowed dramatically over the last two decades likely in part due to the separation movement in Quebec which drove out major headquarters to Toronto and other metros.  Once Canada’s most populous metro, population growth has resumed in Montreal and the city continues to face a major sprawl issue, The severity of Montreal’s sprawl has likely been curtailed over the last few decades by the confines of the island – the majority of Montreal’s population lives on an island which acts as a physical barrier to sprawl (similar to a greenbelt).

So which 1M+ Canadian metros have done the best at controlling urban sprawl?  Here are my rankings:

1. Vancouver

2. Edmonton

3. Ottawa-Gatineau

4. Montreal

5. Calgary

6. Toronto

How can cities fight urban sprawl?

There are a number of ways to do it but here are some popular methods: denser inner city cores with more high rise residential buildings, higher development charges for suburban development, cheaper development charges for inner city development and proximity to public transit, strict enforcement of land zoning to prevent zoning amendments, cheaper property taxes in the inner city, and the implementation of greenbelts and environmentally protected areas surrounding our metro areas.

http://network.nationalpost.com/np/blogs/executive/archive/2009/10/11/canada-s-1m-club-who-s-got-an-urban-sprawl-problem.aspx

Property Tax Assessments to be Mailed Soon

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Meet an Assessor in a Community Nearby You

Meet an Assessor in a Community Nearby You :

As well as being available at individual offices  assessors will hold “Open Houses” in many communities across the Province of  Manitoba , Canada as well as throughout  the City of Winnipeg in many communities offering you a most convenient opportunity and opportunities to conveniently and fully discuss your property tax assessment and assessments.

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Cuyahoga County had its regular property assessment in 2006. Many of us homeowners in Cuyahoga County were not happy with new property taxes. The timing was not perfect, as property tax increase came along with sub-prime crisis, growth of foreclosure rate and market price adjustment of 2007. Many homeowners notice that assessed value is much higher than possible market value of their homes. There is a way to reduce your taxes if you file a complaint with Cuyahoga County before the end of the day of March 31, 2008. You may find all the forms and information about the procedure at the web site of Cuyahoga County Board of Revision http://bor.cuyahogacounty.us/.

As we get a lot of inquiries from our clients regarding the market condition in their neighborhoods, we in Local-n-Global Realty decided to offer our clients and friends free Market snapshot services. Please go to the front page of www.Local-n-Global.com and fill in the Evaluate your house form. You will receive the most up-to-date information about house listings and sales in your neighborhood. If you see that your house is over-assessed in comparison with the market value of the similar houses in your community, you may go ahead and ask the County Auditor for tax relief based on real market condition in your area. Please do not hesitate to use this service. It is accurate. It is free. We are here to help you.

We want our communities to prosper, our schools to get stronger, and our neighborhoods to be better. We are responsible tax payers. BUT – if there is any mistake in you

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philippine real estate taxation

doflogo philippine real estate taxationbir+logo philippine real estate taxationKNOWING YOUR BIR REGULATIONS AND ISSUANCES

Revenue Regulations (RRs) are issuances signed by the Secretary of Finance, upon recommendation of the Commissioner of Internal Revenue, that specify, prescribe or define rules and regulations for the effective enforcement of the provisions of the National Internal Revenue Code (NIRC) and related statutes

Revenue Memorandum Orders (RMOs) are issuances that provide directives or instructions; prescribe guidelines; and outline processes, operations, activities, workflows, methods and procedures necessary in the implementation of stated policies, goals, objectives, plans and programs of the Bureau in all areas of operations, except auditing. Revenue Memorandum Rulings (RMRs) are rulings, opinions and interpretations of the Commissioner of Internal Revenue with respect to the provisions of the Tax Code and other tax laws, as applied to a specific set of facts, with or without established precedents, and which the Commissioner may issue from time to time for the purpose of providing taxpayers guidance on the tax consequences in specific situations. BIR Rulings, therefore, cannot contravene duly issued RMRs; otherwise, the Rulings are null and void ab initio Revenue Memorandum Circular (RMCs) are issuances that publish pertinent and applicable portions, as well as amplifications, of laws, rules, regulations and precedents issued by the BIR and other agencies/offices. Revenue Bulletins (RB) refer to periodic issuances, notices and official announcements of the Commissioner of Internal Revenue that consolidate the Bureau of Internal Revenue’s position on certain specific issues of law or administration in relation to the provisions of the Tax Code, relevant tax laws and other issuances for the guidance of the public. BIR Rulings are official position of the Bureau to queries raised by taxpayers and other stakeholders relative to clarification and interpretation of tax laws.

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