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Insurance Bureau of Canada Slams Trudeau Response to Climate-Related Losses

Insurance Bureau of Canada Slams Trudeau Response to Climate-Related Losses

by Phil Hall | Dec 18, 2024 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Insurance Bureau of Canada (IBC), the national industry association representing Canadian private home, auto and business insurers, has blamed Prime Minister Justin Trudeau’s for failing to protect property owners from climate-related disasters during 2024....
Canadian Housing Minister Sean Fraser to Exit Trudeau Cabinet

Canadian Housing Minister Sean Fraser to Exit Trudeau Cabinet

by Phil Hall | Dec 16, 2024 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Canada’s Federal Housing Minister Sean Fraser has decided that he will not run in next year’s federal election, creating a new vacancy in Prime Minister Justin Trudeau’s cabinet. CTV News reported that two unnamed “senior federal government sources” claimed Fraser is...
How the Grinch Sells Real Estate

How the Grinch Sells Real Estate

by Phil Hall | Dec 13, 2024 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A London real estate brokerage is calling attention to its listings by featuring the Grinch in its property photographs. The New York Post reports Legacy Property Consultants is standing out from their competitors with property photographs that include one of their...
Blackstone Pays $2.6 Billion for Mixed-Use Tokyo Property

Blackstone Pays $2.6 Billion for Mixed-Use Tokyo Property

by Phil Hall | Dec 12, 2024 | Commercial Real Estate News, International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Real estate funds managed by Blackstone (NYSE: BX) has paid $2.6 billion to acquire Tokyo Garden Terrace Kioicho, a 2.4 million-square-foot mixed-use property, from affiliates of Seibu Holdings. The transaction is the largest real estate investment by a foreign...
European, Swiss and Canadian Central Banks Cut Rates

European, Swiss and Canadian Central Banks Cut Rates

by Phil Hall | Dec 12, 2024 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Three major central banks have announced rate cuts for their respective economies. The European Central Bank (ECB) announced it was cutting rates by a quarter percentage point today, lowering its benchmark from 3.25% to 3%. “The disinflation process is well on track,”...
Trump Organization in Partnership for Two Luxury Projects in Saudi Arabia

Trump Organization in Partnership for Two Luxury Projects in Saudi Arabia

by Phil Hall | Dec 10, 2024 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Trump Organization has partnered with the Dubai-based real estate developer Dar Global to construct two new luxury projects in the Saudi Arabian capital of Riyadh. Gulf Business reports the new projects will be aimed at the luxury Saudi Arabian market and...
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