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Canadian Housing Starts Rise by 16%

Canadian Housing Starts Rise by 16%

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

July housing starts in Canada totaled 279,509 units on a seasonally adjusted annualized rate (SAAR), up 16% from June’s total of 241,643, according to Canada Mortgage and Housing Corporation (CMHC). July’s activity was the highest since June 2023, when they exceeded...
Construction Begins on 146-Unit Affordable Housing Development in Vancouver

Construction Begins on 146-Unit Affordable Housing Development in Vancouver

by Phil Hall | Aug 9, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A new housing development that will provide 146 affordable apartments is being constructed in the Hastings-Sunrise section of east Vancouver. The Sunrise Village project will encompass two new buildings that will replace an aging 64-apartment building. Construction is...
Extremist Climate Activists Vandalize Lionel Messi’s Ibiza Mansion

Extremist Climate Activists Vandalize Lionel Messi’s Ibiza Mansion

by Phil Hall | Aug 8, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Ibiza mansion of soccer superstar Lionel Messi was vandalized by the extremist Spanish climate activist group Futuro Vegetal, which posted a video of their destructive antics on Instagram. The New York Post reported the group broke into the property and sprayed it...
Rosewood Hotels & Resorts Plans New Bahamas Destination

Rosewood Hotels & Resorts Plans New Bahamas Destination

by Phil Hall | Aug 8, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Hong Kong-headquartered Rosewood Hotels & Resorts is expanding its Caribbean presence with a new resort planned for the Bahamas. The planned Rosewood Exuma will be developed in partnership with Yntegra Group, a Miami-based private investment company. The...
Italian Tax on Super-Rich Foreigners is Doubled

Italian Tax on Super-Rich Foreigners is Doubled

by Phil Hall | Aug 7, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Amid complaints that wealthy expatriates taking up tax residency have caused real estate prices to soar, the Italian government has doubled the flat tax on the foreign income of new residents to €200,000 (roughly $218,000). The Financial Times reported Prime Minister...
Sales Up, Prices Down Slight in Toronto’s Housing Market

Sales Up, Prices Down Slight in Toronto’s Housing Market

by Phil Hall | Aug 6, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A glut of new listings helped boost home sales in July while prices were slightly lower, according to new data from the Toronto Regional Real Estate Board (TRREB). A total of 5,391 home sales were transacted through TRREB’s MLS System last month, up by 3.3% from the...
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