International News
New Rental Housing Community Planned for Downtown Toronto
The developers, who previously collaborated on condominium projects, said they planned to identify and pursue additional purpose-built rental opportunities. Continue Reading New Rental Housing Community Planned for Downtown Toronto
11th Century Italian Castle Listed at $4.16 Million
The 102,257-square-foot residence with 10 bedrooms and 10 bathrooms is located roughly 15 miles south of Milan. Continue Reading 11th Century Italian Castle Listed at $4.16 Million
London house prices fell by £11,000 on average in January
Source: Metro --- London house prices fell by an average of £11,000 in the first month of 2023, according to new data. The average value of homes fell by roughly £11,073 from £541,472 to £530,396 in January compared to the month before. According to new data from...
A Strong Dollar Has U.S. Buyers Flooding Overseas Housing Markets
Source: Mansion Global --- John and Felicia Magliula are self-acknowledged adventurers, but now that they have two young daughters, they’re settling down. Just not in New Jersey where they grew up. “We decided we wanted to move to the Caribbean and St. Croix rose to...
Mortgage demand to hit 12-year low as high interest rates hammer borrowers
Source: The Telegraph --- Mortgage demand will hit a 12-year low this year as high interest rates pummel borrowers. UK mortgage lending will grow by just 0.4pc in 2023, the slowest rate since 2011, according to economic forecaster the EY Item Club. Anna Anthony, UK...
Dutch housing update: house prices, transparency and borrowing
Source: Dutch News --- 2023 has started up with a flurry of housing news, including a further drop in house prices and predictions of more to come. House prices are continuing to fall House prices fallen for five months in a row as rising interest rates reduce...
Cost of fixed-rate mortgages set to fall as UK inflation outlook brightens
Source: Financial Times --- Interest rates on five-year fixed mortgages are set to drop below 4 per cent after the Bank of England suggested inflation may come under control sooner than expected, according to brokers. The central bank on Thursday raised its benchmark...
In Eclectic Tel Aviv, Everything in Park Tzameret Is Shiny and New
Source: Mansion Global --- One of the newer neighborhoods in Tel Aviv, Park Tzameret is an exclusive island-like oasis in the busiest part of the boisterous, highly populated Israeli city. In the east-central side of the city, Park Tzameret was a rather ordinary,...
Leora Ruzin Tapped as Editor of Weekly RE News
SALT LAKE CITY -- February 6, 2023 -- Weekly Real Estate News, a publication dedicated to providing the best real estate and mortgage industry news and information available anywhere to the more than 1.25 million industry professionals who rely on it, has announced...
How do mortgage overpayments work? Is it worth it, is it better to overpay mortgage monthly or in lump sum
Source: National World --- The Bank of England raised interest rates once again on Thursday (2 February). Its base rate now sits at a fresh 14 year high of 4% - 0.5 percentage points higher than the level it was set at in December 2022. Designed to bring down...
Victims across Ontario losing their homes in mortgage scam
Source: Bradford Today --- A veteran police detective addresses an elderly woman on the front steps of her Collingwood home. He’s holding a cashed cheque for $140,000, money he already knew she had been scammed out of. “I’m Detective Sergeant Jason Lloyd with the...
AFP money-laundering bust highlights Australia’s gaping real estate vulnerability
Source: ABC News --- As financial sector lobby groups frequently note, the banking industry is highly regulated. There's an A-focused alphabet soup of regulators to satisfy – ASIC, APRA, ACCC, AUSTRAC – oversight bodies like AFCA and BCCC, and then pesky journalists...
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