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European Central Bank Enacts Fifth Rate Cut Since June

European Central Bank Enacts Fifth Rate Cut Since June

by Phil Hall | Jan 30, 2025 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The European Central Bank (ECB) announced its fifth rate cut since June with the lowering of three interest rates by 25 basis points. The rates on the deposit facility, the main refinancing operations and the marginal lending facility will be decreased to 2.75%, 2.90%...
Christie’s International Real Estate Opens Hong Kong Franchise

Christie’s International Real Estate Opens Hong Kong Franchise

by Phil Hall | Jan 30, 2025 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Christie’s International Real Estate has expanded its Asian presence with the launch of Christie’s International Real Estate Hong Kong. The new venture is led by Hong Kong native Samson Law, whose more than three decades of local real estate experience includes the...
Canadian Farm Goods Retailer Peavey Mart to Close All Stores

Canadian Farm Goods Retailer Peavey Mart to Close All Stores

by Phil Hall | Jan 29, 2025 | Commercial Real Estate News, International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Canadian farm goods store chain Peavey Mart announced it is closing all its locations. The Red Deer, Alberta-headquartered company recently closed 22 stores in Ontario and Nova Scotia. In a posting yesterday on social media, the company stated it “had sought and...
Bank of Canada Announces New Rate Cut

Bank of Canada Announces New Rate Cut

by Phil Hall | Jan 29, 2025 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The Bank of Canada announced a 25-basis point cut to its overnight rate to 3% while bringing an end to its quantitative tightening policy as the national economy grows stronger. The Canadian central bank also brought down its Bank Rate to 3.25% and the deposit rate at...
Australia’s Top Ranked Listing Invites Buyers to ‘Renovate or Detonate’

Australia’s Top Ranked Listing Invites Buyers to ‘Renovate or Detonate’

by Phil Hall | Jan 29, 2025 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A residence in suburban Brisbane that could charitably be described as a mess has become the surprise top ranking property in the listings on Australia’s RealEstate.com.au site. The Courter-Mail reports the two-bedroom property in Mitchelton, Australia, is being...
Start-Up Brokerage Andrijana Realty Group Debuts in Edmonton

Start-Up Brokerage Andrijana Realty Group Debuts in Edmonton

by Phil Hall | Jan 29, 2025 | International Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Andrijana Realty Group Inc. (ARG), a boutique real estate brokerage founded by 28-year-old Andrijana Jakovleska, has launched in Edmonton, Alberta. The brokerage specializes in new construction homes and select new construction commercial projects. Jakovleska, who is...
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