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
Construction Begins on Frank Gehry’s Toronto Residential Towers
“Toronto is my hometown, and I wanted to do right by it,” said Gehry. Continue Reading Construction Begins on Frank Gehry’s Toronto Residential Towers
Nearly 800 UK Mortgage Deals Withdrawn Over the Past Week Amid Interest Rate Concerns
“Borrowers searching for a new deal may well be concerned about the latest developments in the mortgage market,” said Rachel Springall, a finance expert at Moneyfacts. Continue Reading Nearly 800 UK Mortgage Deals Withdrawn Over the Past Week Amid Interest Rate Concerns
UK Homeowners Facing Mortgage Rates Over 5%
Unlike the U.S., mortgage borrowers in the U.K. are required to renew mortgages on a cyclical basis. Continue Reading UK Homeowners Facing Mortgage Rates Over 5%
Survey: 1 in 4 Canadians Plan to Buy Investment Property in Next 5 Years
Curiously, 15% of current residential investors do not own their primary residence. Continue Reading Survey: 1 in 4 Canadians Plan to Buy Investment Property in Next 5 Years
Sydney Opera House Receives 6 Star Rating for Sustainability
“Sustainability is in the Sydney Opera House’s DNA,” said Louise Herron, CEO for the celebrated Australian venue. Continue Reading Sydney Opera House Receives 6 Star Rating for Sustainability
Survey: The Global Workforce Isn’t Fully Back in the Office
72% of companies globally that said they have mandated office returns. Continue Reading Survey: The Global Workforce Isn’t Fully Back in the Office
Toronto Office Market Could Have Oversupply Through 2041
The market is predicted to carry vacancy rates between 16.5% and 45.7%. Continue Reading Toronto Office Market Could Have Oversupply Through 2041
Newmark Group Taps Norm Taylor as Country Head and President for Canada
“Norm’s name is synonymous with success in Canadian real estate,” said Newmark CEO Barry Gosin. Continue Reading Newmark Group Taps Norm Taylor as Country Head and President for Canada
Hits and Misses for the Real Estate Week of May 15-19
Beyonce and Jay Z, Disney and Ron DeSantis, and SeaWorld San Diego are in the spotlight. Continue Reading Hits and Misses for the Real Estate Week of May 15-19
Canadian Home Sales Up in April
The number of newly listed homes inched up by 1.6% from March to April, although the supply remained at a 20-year low. Continue Reading Canadian Home Sales Up in April
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