Canada Mortgage and Housing Corporation (CMHC) has announced its new Frequent Builder framework to speed the creation of affordable and rental homes by expediting the application process for housing providers. The new framework will target experienced housing...
The Bank of Canada cut its key policy rate for the second consecutive month, slicing away 25 basis points to achieve a 4.5% level. In announcing the rate cut, the central bank predicted Canadian GDP growth to increase in the second half of 2024 and into 2025, adding...
Stonepeak, a New York City-based alternative investment firm specializing in infrastructure and real assets, is acquiring Arvida Group Limited, one of New Zealand’s largest retirement and aged care providers, in an all-cash transaction valued at approximately $1.25...
A 13th century abbey created by the brother of an English king has been listed for sale at $4.5 million. Burnham Abbey in Taplow, Buckinghamshire, was founded in 1266 as a convent for Augustinian canonesses by Richard, Earl of Cornwall, the brother of King Henry III....
Royal Bank of Canada (RBC) (NYSE:RY) has launched a multi-million-dollar plan to retrofit its Canadian network of 1,200 branches, with the goal of eliminating 10,000 tons of onsite carbon emissions from its operational footprint. In the first phase of this endeavor,...
One month after enacting its first interest rate cut in nearly five years, the European Central Bank (ECB) opted to leave rates unchanged. “While some measures of underlying inflation ticked up in May owing to one-off factors, most measures were either stable or edged...
Mortgage Delinquency Rate Inches Up to 3.72%
