International News
Bank of Canada Announces New Rate Cut
The nation’s central bank reduced its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%. Continue Reading Bank of Canada Announces New Rate Cut
Canadian Housing Starts Drop 16% in August
The year-to-date total was 156,283, up 4% from the same period in 2024. Continue Reading Canadian Housing Starts Drop 16% in August
Hits and Misses for the Real Estate Week of May 6-10
A hospital chain’s financial illness, an uncommonly generous charitable donation and Sweden ignoring Jerome Powell’s lead top this week’s Hits and Misses. Continue Reading Hits and Misses for the Real Estate Week of May 6-10
Bank of Canada Acknowledges Housing Cost Stress Created by High Interest Rates
“More borrowers will face pressure as they refinance existing mortgages at higher rates,” said the central bank. Continue Reading Bank of Canada Acknowledges Housing Cost Stress Created by High Interest Rates
Sweden’s Central Bank Enacts First Rate Cut in 8 Years
The Riksbank reduced its main interest rate by 0.25 percentage points to 3.75%. Continue Reading Sweden’s Central Bank Enacts First Rate Cut in 8 Years
The World’s Wealthiest City Is…
When it comes to cities with a surplus number of millionaire residents, the U.S. is the global leader in the 2024 World’s Wealthiest Cities Report published by international wealth migration specialists Henley & Partners in collaboration with the global data...
KKR and Marriott Partner in Japanese Lodging Endeavor
The portfolio’s hotels are located in major tourist destinations in 10 cities. Continue Reading KKR and Marriott Partner in Japanese Lodging Endeavor
UN Officer Warns Europe’s Housing Crisis Will Fuel a Rise in Far-Right Parties
Data covering the 27-member EU found house prices soared by 47% between 2010 and 2022. Continue Reading UN Officer Warns Europe’s Housing Crisis Will Fuel a Rise in Far-Right Parties
Toronto Home Sales Down Despite Spike in New Listings
The average selling price inched up by 0.3% to $1.15 million. Continue Reading Toronto Home Sales Down Despite Spike in New Listings
US Investors Buying Up Commercial Property Across London
Across the U.K., U.S. investors spent $3.8 billion on commercial real estate in the first quarter. Continue Reading US Investors Buying Up Commercial Property Across London
Survey: Most Canadians Waiting for Lower Rates Before Buying a Home
62% of Canadians believed owning a home is one of their biggest aspirations in life. Continue Reading Survey: Most Canadians Waiting for Lower Rates Before Buying a Home
The Richest Billionaire in Real Estate Is…
Lee’s current net worth is $28.3 billion. Continue Reading The Richest Billionaire in Real Estate Is…
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