International News
Toronto Realtor Assures Social Media Crowd That He’s Not a Criminal with the Same Name
Zain Merchant added that his employer has also been receiving phone calls from people wondering why they have a criminal on their payroll. Continue Reading Toronto Realtor Assures Social Media Crowd That He’s Not a Criminal with the Same Name
Canadian Housing Starts Up by 4%
Montreal posted a 212% year-over-year increase in actual housing starts, which was attributed to a high level of multi-unit starts. Continue Reading Canadian Housing Starts Up by 4%
China’s banks raise mortgage age limit to octogenarians, dipping into pensions of elderly buyers to prop up sagging sales
Source: South China Morning Post --- Alfred Chen, a 44-year-old engineer in Hangzhou, had been thinking about moving to a bigger home and taking his parents with him. An extra bathroom for the elderly parents would be great, he thought. He had kept an eye on the...
Real estate agents are telling prospective renters they’ll have a better chance if they offer more. Here’s why that’s legally murky
Source: ABC News --- Sophie* and her partner are relieved to have a roof over their heads after a nightmare experience looking for a rental in inner Brisbane. With their lease coming to an end, Sophie turned all her attention to finding a new place. A two-bedroom unit...
How low will house prices go? Lessons from UK, US, Europe and elsewhere
Source: The Guardian --- Across the world house prices are breaking records – but this time it is because of how fast they are falling. Houses in Stockholm are now selling for 20% less than their peak, Sydney prices are down by almost 14% over the year, while in San...
Realogics Sotheby’s International Realty Releases 2023 Forecast Report
Realogics Sotheby’s International Realty (RSIR) released its 2023 Forecast Report, a macroeconomic housing report authored by Pacific Northwest brokerages who have analyzed the trends in 2022, evaluated what's occurred so far in Q1 for 2023 and are focused on where...
Will US Housing Crash The Economy?
Source: Bloomberg --- Welcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money. Could US Housing Crash The Economy? I’ve realised that one of the phrases I use most...
Cash: High Interest Rate Discourages Developers
Source: This Day --- The Chief Executive Officer, Wealth Island Properties Africa, Mr. Tade Cash in this interview with Kayode Tokede speaks on the impact of high interest rates environment on developers, among other property investment-related issues in Nigeria and...
The silver tsunami about to hit global property markets
Source: LiveWire --- The largest generational cohort (the baby boomers) have been drivers of extraordinary changes across the globe. Their influence on fashion, music, technology, policy and even the way cities have expanded is nothing to be sniffed at. And this...
Interest On A High, Yield On A Dip, Is Real Estate Losing Steam And Heading For A Life-Saving Drip?
Source: Outlook --- The tax benefit on the principal and interest payment is a significant attraction of real estate investing, in addition to capital growth and rental yield. The Union Budget and the Reserve Bank of India’s (RBI’s) monetary policy is vital for the...
Mortgage overpayments vs savings: what’s the best option for your cash?
Source: Which --- With interest rates hitting heights not seen for years, overpaying on your mortgage is a tempting move that could save you tens of thousands in the long run. Having the extra cash available to make overpayments isn't something open to everyone in...
Luxury Real Estate Market Insulated From Rising Rates and Inflation Performs Well
A five-year review of markets included in the Forbes Global Properties curated consumer marketplace of luxury homes has revealed a 34% increase in sales price within the top 20% of 2022 transactions. Furthermore, numerous markets, including the domestic and...
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