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Toronto Home Sales and Average Selling Price Up Year-Over-Year

Toronto Home Sales and Average Selling Price Up Year-Over-Year

by Phil Hall | Jul 6, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Last month’s home sales and the average selling price in the Greater Toronto Area (GTA) were above last year’s levels, according to data from GTA Realtors. The GTA market recorded 7,481 sales through the Toronto Regional Real Estate Board’s (TRREB) MLS System, up...
Russians Are Buying Up Lithuanian Residential Real Estate

Russians Are Buying Up Lithuanian Residential Real Estate

by Phil Hall | Jul 5, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Russian citizens are on a real estate shopping spree – not in their own country, but in neighboring Lithuania. According to the Lithuanian national broadcaster LRT, Russians have purchased 297 properties in Lithuania during the first half of this year. Most of the...
Application Portal Open for Canada’s Housing Accelerator Fund

Application Portal Open for Canada’s Housing Accelerator Fund

by Phil Hall | Jul 5, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Canada Mortgage and Housing Corp. has launched an application portal for the Housing Accelerator Fund (HAF). The HAF is a $4 billion initiative designed to provide funding to cities, towns, and indigenous governments to develop new housing supply, with the goal of...
Rising Mortgage Rates Create New Mayhem in UK Housing Market

Rising Mortgage Rates Create New Mayhem in UK Housing Market

by Phil Hall | Jun 26, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The U.K.’s housing market entered another perilous week with higher mortgage costs and the potential for additional interest rate hikes from the nation’s central bank. According to combined media reports, the financial data provider Moneyfacts reported the average...
UK Real Estate Executives Honored By King Charles III

UK Real Estate Executives Honored By King Charles III

by Phil Hall | Jun 20, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A pair of U.K. real estate executives received the Order of the British Empire (OBE) as part of King Charles III’s inaugural Birthday Honors list. CoStar News reported Charles Oglesby, CEO of the commercial property management firm Bruntwood, was recognized for his...
Canadian Housing Starts Down Again

Canadian Housing Starts Down Again

by Phil Hall | Jun 19, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Housing starts in Canada were down for the seventh consecutive month, according to data from the Canada Mortgage and Housing Corp. (CMHC). The standalone monthly seasonally adjusted annual rate (SAAR) of total housing starts for all areas in Canada declined 23% in May...
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