REM 300 Lecture Notes - Lecture 4: Toronto Real Estate Board, Fuel Oil, Xm Satellite Radio
24 Oct 2018
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Document Summary
Basic elements in an economy: land, labour, capital stock (man made goods and capital) These elements are used to product goods and services (supply) Consumes purchase these goods and services (demand) Economic figures are reported by stats canada. Tracks employments levels, wages, and other labour force stats. Capital investment is also reported through this section of stats canada. Tracks the prices of up to 600 items. Cpi core index excludes: fruit preparations and nuts, vegetable preparations, mortgage interest cost, natural gas, fuel oil and other fuels (gasoline, tobacco products and smokers supplies. Changes in price allow for comparisons of purchasing power. Breaks down the price change to type of goofs. Inflation: collects data from all sales that take place through the mls system, and combines them into one accessible place. Royal lepage market surveys: data is collected by surveying royal lepage agents. Canadian real estate association (crea: provides housing market statistics.
