International News
Australia’s Central Bank Approves First Interest Rate Hike in 3 Years
Jim Chalmers, Australia’s treasurer, acknowledged the rate hike “will be difficult news for millions of Australians.” Continue Reading Australia’s Central Bank Approves First Interest Rate Hike in 3 Years
Hits and Misses for the Real Estate Week of Jan. 26-30
A Beverly Hills mansion that nobody wants, a push to end property taxes in Georgia, and Indiana goes Bears hunting. Continue Reading Hits and Misses for the Real Estate Week of Jan. 26-30
North Korea Unveils Shoreline Tourist Mecca
North Korea’s tiny tourism industry was shut down during the pandemic and only began receiving Russian tourists again in 2024. Continue Reading North Korea Unveils Shoreline Tourist Mecca
Brigil Previews Proposed $1.3 Billion Quebec Urban Hub
Espace Canevas will be based at the site of the former Village Cartier shopping center. Continue Reading Brigil Previews Proposed $1.3 Billion Quebec Urban Hub
Pacaso Expands into the Italian Market
Last month, Pacaso announced it reserved the ticker symbol “PCSO” on the Nasdaq Stock Market. Continue Reading Pacaso Expands into the Italian Market
Latvia Bans Property Purchases by Russia and Belarus Nationals
Earlier this year, Finland created a new law prohibiting property acquisition by Russian nationals. Continue Reading Latvia Bans Property Purchases by Russia and Belarus Nationals
Hilton and Marriott Expand Their Hotel Portfolios Across Africa
“We are witnessing a transformation of Africa’s tourism sector,” said Marriott’s Jerome Briet. Continue Reading Hilton and Marriott Expand Their Hotel Portfolios Across Africa
Canadian Housing Starts Mostly Flat in May
Montreal posted an 11% year-over-year increase in actual housing starts compared to May 2024, driven by more multi-unit starts. Continue Reading Canadian Housing Starts Mostly Flat in May
256-Unit Luxury Residential Tower to Rise Over Nairobi
Taher Saleh, managing director of SMB Properties, said, “Le Mirage Residences by CityBlue represents the pinnacle of luxury and architectural innovation in Kenya.” Continue Reading 256-Unit Luxury Residential Tower to Rise Over Nairobi
Report: Australia’s Commercial Property Market to Reach $78.5 Billion by 2033
Foreign investment in Australia’s office, retail, and industrial markets topped $7 billion during the fourth quarter of 2024. Continue Reading Report: Australia’s Commercial Property Market to Reach $78.5 Billion by 2033
Affordable Housing Activists Plan March Through Toronto
“Governments must stop throwing millions of dollars in subsidies and incentives at profit-making corporations,” said John Clarke of the group 230 Fightback. Continue Reading Affordable Housing Activists Plan March Through Toronto
Montreal Area Home Sales Up 10% from Last Year
Last month’s total of 22,462 active listings for single-family homes was unchanged from one year earlier. Continue Reading Montreal Area Home Sales Up 10% from Last Year
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