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Mortgage Payments Account for Three-Quarters of Canadian Credit Debt

Mortgage Payments Account for Three-Quarters of Canadian Credit Debt

by Phil Hall | Aug 27, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Roughly three-quarters of Canadian credit debt consists of mortgage payments, according to TransUnion Canada’s Q2 2024 Credit Industry Insights Report. The new report found Canada’s total credit debt grew by 3.2% year-over-year to a record $2.41 trillion. Mortgage...
Proptech Start-up Helps Foreigners Navigate Japanese Housing Markets

Proptech Start-up Helps Foreigners Navigate Japanese Housing Markets

by Phil Hall | Aug 27, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A new proptech start-up has launched a platform designed address the housing challenges facing expatriates in Japan. E-Housing provides an online resource featuring more than 4,000 housing listings available to foreigners in Japan. The platform offers daily updates...
BlackRock in New Pact to Expand Saudi Arabian Real Estate Finance Market

BlackRock in New Pact to Expand Saudi Arabian Real Estate Finance Market

by Phil Hall | Aug 26, 2024 | International Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The global asset manager BlackRock (NYSE: BLK) has signed a memorandum of understanding with the Saudi Real Estate Refinance Company (SRC), a company within the Saudi government-owned Public Investment Fund, to further develop the kingdom’s real estate finance market....
New Alert Raises Concerns of Tax Evasion Schemes in Canadian Real Estate

New Alert Raises Concerns of Tax Evasion Schemes in Canadian Real Estate

by Phil Hall | Aug 26, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Canada’s Financial Transactions and Reports Analysis Center (FINTRAC) and the Canada Revenue Agency (CRA) issued an Operational Alert related to related to potential tax evasion within the nation’s real estate market. “Canada’s real estate sector is used by criminals...
Canada Public Land Bank to Feature Federal Properties That Can Support Housing

Canada Public Land Bank to Feature Federal Properties That Can Support Housing

by Phil Hall | Aug 26, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Canadian government announced the launch of the Canada Public Land Bank, which features 56 federal properties identified as being able to support housing. Among the properties within the new entity are five sites that now intended for leasing and ready for...
McDonald’s Plans Over 200 New Restaurants Across UK

McDonald’s Plans Over 200 New Restaurants Across UK

by Phil Hall | Aug 23, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

McDonald’s Corp. (NYSE:MCD) has announced plans to open over 200 new restaurants across the UK over the next four years, a $1.3 billion investment with the goal to create over 24,000 jobs. The new initiative is part of the “McDonald’s at 50” endeavor that highlights...
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