International News
Canadian Home Sales Activity Remains Flat
The non-seasonally adjusted national average home price was $673,084 in March, dipping 0.8% one year earlier. Continue Reading Canadian Home Sales Activity Remains Flat
Canadian Housing Starts Down 6% in March
“March housing starts data point to a continued loss of momentum in housing construction,” said CMHC’s Mathieu Laberge. Continue Reading Canadian Housing Starts Down 6% in March
Toronto Home Sales Down in January While New Listings Expand
Last month’s average selling price of $1.04 million was up by 1.5% compared to the $1.02 million in January 2024. Continue Reading Toronto Home Sales Down in January While New Listings Expand
Bank of England Announces Rate Cut
The central bank’s Monetary Policy Committee voted 7-2 to reduce Bank Rate by 0.25 percentage points, to 4.5%. Continue Reading Bank of England Announces Rate Cut
Canadian Home Sales and Prices Forecast to Rebound in Next 2 Years
As for rental housing CMHC noted that supply began to accelerate in 2024, but affordability was often elusive. Continue Reading Canadian Home Sales and Prices Forecast to Rebound in Next 2 Years
New Initiative Targets $1 Billion for Nordic Real Estate Financing
The partnership will deploy $1 billion on whole loan lending in Denmark, Finland, Norway, and Sweden. Continue Reading New Initiative Targets $1 Billion for Nordic Real Estate Financing
Canada Adds 6 Federal Properties for Transition to Affordable Housing
The properties have the potential to create approximately 1,770 units of housing for middle-class Canadians. Continue Reading Canada Adds 6 Federal Properties for Transition to Affordable Housing
Open House Group Accepting Cryptocurrency from Global Buyers of Japanese Real Estate Purchases
The company is initially supporting Bitcoin and Ethereum. Continue Reading Open House Group Accepting Cryptocurrency from Global Buyers of Japanese Real Estate Purchases
Bank of England Governor Warns Against Relaxing UK Mortgage Lending Guidelines
Andrew Bailey said the guidelines protected the nation against a wave of failed mortgages. Continue Reading Bank of England Governor Warns Against Relaxing UK Mortgage Lending Guidelines
European Central Bank Enacts Fifth Rate Cut Since June
“The disinflation process is well on track,” said the ECB. Continue Reading European Central Bank Enacts Fifth Rate Cut Since June
Christie’s International Real Estate Opens Hong Kong Franchise
Hong Kong real estate listings are not publicly shared – brokerages rely on private client databases. Continue Reading Christie’s International Real Estate Opens Hong Kong Franchise
Canadian Farm Goods Retailer Peavey Mart to Close All Stores
The retailer is offering up to 30% off the original ticketed price on all its merchandise. Continue Reading Canadian Farm Goods Retailer Peavey Mart to Close All Stores
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