International News
Bank of Canada Holds Rates Steady
The Bank of Canada added that CPI inflation was 1.9% in June, up slightly from the previous month. Continue Reading Bank of Canada Holds Rates Steady
Canada Invests $81.5 Million into New 159-Unit Development in Toronto
The nine-story development at 3101 Bathurst Street Vivant at Bedford Park will be developed by Medallion Corporation. Continue Reading Canada Invests $81.5 Million into New 159-Unit Development in Toronto
Mortgages could increase by £3,300 a year for a million UK households as rates set to rise again
Source: iNews --- Up to a million households face another hike in mortgage costs if the Bank of England increases interest rates again this week. The Bank of England Monetary Policy Committee (MPC) will meet on Thursday and is widely expected to raise rates by another...
The Industrial Town That’s Become Australia’s Hideout for the Ultra Wealthy
Source: Mansion Global --- If you’ve ever come across the name Byron Bay, you’d be forgiven for thinking that this small, laid-back surfer’s town is within driving distance of Hollywood. After all, actor and Aussie native Chris Hemsworth, his wife, actor and model...
Russian oligarchs invest in US commercial real estate, bypassing sanctions as feds warn banks
Source: Fox Business --- Wealthy Russian oligarchs are likely investing in U.S. commercial real estate and trying to sidestep sanctions imposed after the invasion of Ukraine last year, according to a warning sent to banks by the Treasury Department's financial crimes...
The Industrial Town That’s Become Australia’s Hideout for the Ultra Wealthy
Source: Mansion Global --- If you’ve ever come across the name Byron Bay, you’d be forgiven for thinking that this small, laid-back surfer’s town is within driving distance of Hollywood. After all, actor and Aussie native Chris Hemsworth, his wife, actor and model...
UAE real estate defied global trends to have stellar year in 2022
Source: Arabian Business --- The UAE defied global market trends to score an exceptional year, according to market analysis by CBRE. Dubai real estate, in particular, saw an impressive rise with property prices up 9.5% and more than 90,000 transactions recorded....
Chinese buyers return to the market
Source: Domain --- Now China has finally flung open its doors again, Australia can expect a major influx of cash into its housing market. A new report into overseas residential real estate spending intentions has found that around $4.8 billion of funds is likely to...
What’s Next For UK Mortgage Rates?
Source: Forbes Advisor --- The Bank of England raised interest rates on 15 December from 3.0% to 3.5%. The 0.5 percentage point increase marked the ninth rise since December 2021 when Bank rate stood at just 0.1%. It put the Bank rate at its highest level since 2008...
How Kyle Richards’ husband Mauricio Umansky built a $57B real-estate empire
Source: New York Post --- “I remember in 2008, during that recession, if I had the opportunity to be buying a bunch of real estate, I would have a lot of money right now,” Mauricio Umansky, wearing casual jeans, a gray blazer and a white dress shirt told The Post from...
US Housing Market Full-Year 2022 & Softwood Lumber Prices January 2023
Source: Yahoo! Finance --- VANCOUVER, BC, Jan. 27, 2023 /CNW/ - Full-year 2022 US housing starts and new home sales data has been released and while the dampening effects of rising mortgage rates remain, the numbers for December show a slight uptick. In 2022 the US...
Beaches, Mountains and World-Class Wines in Chile’s Verdant Valparaíso
Source: Mansion Global --- The verdant coastal region of Valparaíso, in central Chile, is extraordinarily diverse, with mountains and beaches, bustling cities and peaceful seaside resort towns. It has a Mediterranean-like climate, with balmy summers and cool, crisp...
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