Toronto-headquartered First Source Mortgage Corporation announced the retirement of co-founder and CEO David Mandel after 18 years of corporate leadership. In a press statement, the company said Mandel’s leadership grew First Source’s assets under management from...
Canada’s newly installed Prime Minister Mark Carney announced the federal government will eliminate the Goods and Services Tax (GST) for first-time homebuyers on homes at or under $1 million. In a statement, Carney said the tax cut will save Canadians up to $50,000...
The Bank of England has followed the lead of the Federal Reserve by holding rates steady. The UK central bank’s Monetary Policy Committee (MPC) 8–1 to maintain the Bank Rate at 4.5%, with one dissenter seeking a 0.25 percentage point cut. In announcing its decision,...
The Caribbean-focused lodging and hospitality company Sandals Resorts International has restarted efforts to sell itself, according to a Wall Street Journal report sourced from unnamed “people familiar with the matter.” The Jamaican-headquartered company is reportedly...
Sotheby’s International Realty announced the launch of its 18th Asian office with the opening of its first location in the Philippines. The new Philippines Sotheby’s International Realty is headquartered in Makati, the nation’s financial and commercial hub...
The total monthly seasonally adjusted annual rate (SAAR) of housing starts for Canada was 229,030 units in February, a 4% decline from January’s 239,322 units. The Canada Mortgage and Housing Corporation reports actual housing starts were down 17% year-over-year in...
