Soul Property Solutions Blog

As the price of oil remains below $60 USD per barrel, Calgary continues to feel the pain. Alberta’s biggest city has seen 11,500 jobs vanish since 2014, as its unemployment rate has edged up 10.1 per cent, as of December 2016. In 2016, the office vacancy rate hit a new cyclical high of 23.8 per cent, as the market had a net negative absorption of four million square feet of office space, acco ...

What It Means for Canadian Businesses To help businesses keep and return workers to their payroll through the challenges posed by the COVID-19 pandemic, the Prime Minister, Justin Trudeau, proposed the new Canada Emergency Wage Subsidy. This would provide a 75 per cent wage subsidy to eligible employers for up to 12 weeks, retroactive to March 15, 2020. This wage subsidy aims to prevent fur ...

Coronaviruses are a large family of viruses. Some cause illness in people and others cause illness in animals. Human coronaviruses are common and are typically associated with mild illnesses, similar to the common cold. COVID-19 is a new disease that has not been previously identified in humans. Rarely, animal coronaviruses can infect people, and more rarely, these can then spread from perso ...

As oil prices dropped again on Monday, a new analysis pointed out Canada’s oilpatch faces the greatest risk of shut-ins if low prices persist. The drop to Western Canadian Select crude on Monday, by more than 25 per cent to under US$9 per barrel, came amid fading market hopes that the world’s energy producing countries would reach a deal to cut global production in light of reduced demand. ...