Rabat – The Ministry of Education, Vocational Training, Higher Education, and Scientific Research announced that 212,169 Moroccan students have passed the exam in the June session. The statistics represent a passing rate of 65.55%.The pass rate has increased by 8 % from last year’s 57.36%. 441,065 candidates sat for the normal session of the Baccalaureate exams which took place from June 11 to 14 with. Retake exams will take place on July 4-8.The ministry said in a statement that the total number of female students who passed the exam was 121,673, representing 57.35 % of the overall number of successful candidates. The highest score in the baccalaureate exam is 19.40 out of 20 and was recorded in the Rabat-Sale Kenitra region.Read also: 70-Year-Old Moroccan Woman Takes Baccalaureate ExamLast year the highest grade in the country was 19.44 in the branches of physics and French literature in the region of Marrakech-Safi.The number of baccalaureate candidates who will be allowed to retake the exam is 134,874.There were 441,065 baccalaureate exam candidates this year, compared to last year’s  440,000 students. read more

When you see sales down in three-quarters of the market, that means it’s pretty widespread[np_storybar title=”Toronto new home sales fall to record low for August” link=”https://business.financialpost.com/2012/09/24/toronto-new-home-sales-fall-to-record-low-in-august/”%5D In yet another sign the housing sector in Canada is slowing down, Toronto new home sales in August were the worst ever for that particular month.Read more. [/np_storybar]OTTAWA — Canada’s housing market appears to be cooling across the board in the face of tighter mortgage rules that affect many first-time buyers of modest means, a new analysis from the Conference Board shows.The think-tank’s snapshot of resales for August shows a widespread decline in sales of existing homes, with 21 of 28 metropolitan markets registering a drop from July, and 16 of the markets showing a falloff of five per cent or more.As well, listings fell in 17 of the 28 markets, an indication that owners were reluctant to place their homes for sale due to soft conditions.Senior economist Robin Wiebe of the Conference Board said there was evidence of cooling in some markets — particularly Vancouver and Victoria — before the new rules went into effect July 9. But the new data shows the slowdown has spread to most markets and from coast to coast.“When you see sales down in three-quarters of the market, that means it’s pretty widespread,” he said. “It’s knocked down previously high-flying markets like Regina and Saskatoon down a peg. Vancouver had been showing signs of cooling, now it’s spread out into the Fraser Valley.”[np-related]At the time Finance Minister Jim Flaherty announced maximum amortization period for mortgage would be reduced to 25 years from 30 years, the government estimated it would increase monthly payments by $184 on a $350,000 mortgage.It had been the fourth time Flaherty tightened mortgage requirements in four years, but the July measure was regarded as the one likely to be the most effective.While sales and prices were only temporarily sidetracked by the previous announcements, only to recover a few months later, this might “be the one that broke the camel’s back,” said Wiebe.Last week, the Canadian Real Estate Association reported that sales of existing homes fell 5.8% in August from July, and were down 8.9 per cent from August 2011.Still, the latest data shows that while sales and listings are down, prices appear to be holding steady.The report found prices fell in only nine of the 28 markets in August from the previous month. Compared to last August, prices were up in 25 markets.Andrew Barr/National Post Economists have generally been forecasting a correction of between 10 and 25% in prices over the next two or three years. Vancouver, which had for years been Canada’s hottest market, has seen a tumble of about 30% in resale homes.But Wiebe is not so sure the correction will be as severe as many predict, or that Vancouver’s market is as cold as the numbers suggest.He notes that Vancouver’s average home prices are skewed by the number of high-end property sold — many to investors from China. Both the meteoric rise and current decline are “overstated,” he said.Homes in the Toronto area, Canada’s largest market, are also likely to retain their value, he said, because the economy in the city remains healthy and the greater metropolitan area continues to experience strong population growth.The Canadian Press read more