International News
Luigi Favaro Named CEO of Ontario Real Estate Association
He replaces Tim Hudak, who stepped down last August. Continue Reading Luigi Favaro Named CEO of Ontario Real Estate Association
Report: Canadians Spend 42.3% of Income on Taxes
Last year, the average Canadian family (with an income of $114,289) paid $48,306 in total taxes. Continue Reading Report: Canadians Spend 42.3% of Income on Taxes
Modernize in Moderation: Sellers of Old U.K. Homes Should ‘Make History Come Alive’ to Lure Buyers
Source: Mansion Global --- The U.K. is full of charming old homes. From Georgian to Tudor to Jacobean and medieval, there are homes on the market today that have been standing for 1,000 years. Loaded with history, they have character in spades and offer features and...
Average mortgage rate: Everything you need to know
Source: MPA Mag --- Mortgage rates depend on numerous factors, including the broader economic outlook and the individual borrower. Therefore, mortgage rates can fluctuate wildly not only within the same year—but within the same week, as well. In 2022, for example,...
European investors hit most by over-allocation to real estate – global survey
Source: IPE Real Assets --- Unlike their North American and Asia-Pacific counterparts, European institutional investors on average plan to decrease their weightings to real estate, having overshot their target allocations. According to the latest annual investment...
The Year of the Buyer: Canada’s Luxury Real Estate Market Shifts in Favour of Buyers as Opportunities Emerge Post-Pandemic
Source: Globe Newswire --- TORONTO, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Following an era of exorbitant hyperinflation in Canadian luxury real estate, new post-pandemic benchmarks were established in 2022 as the housing market responded to a cascade of stressors. Against...
Colombia Again the No. 1 Country Searching Miami Real Estate; Texas is Top State and Lexington, Kentucky is Top U.S. City
Source: Yahoo! --- Colombia posted the most global web searches for Miami homes in December 2022, according to a new report by the MIAMI Association of REALTORS® (MIAMI). MIAMI, Jan. 17, 2023 /PRNewswire-PRWeb/ -- Colombia posted the most global web searches...
Five ways to reduce your mortgage repayments in 2023 – and why rates have risen so high
Source: The Conversation --- Around 4 million UK households will face higher mortgage costs in 2023 with average monthly payments expected to increase from £750 to £1,000. Banks’ lending rates are directly influenced by the Bank of England’s base rate, which rose nine...
Buying and Selling Real Estate in Canada – Ontario (Updated)
Source: JD Supra --- This guide offers an overview of legal aspects of buying and selling real estate in the requisite jurisdictions. It is meant as an introduction to these marketplaces and does not offer specific legal advice. This information is not intended to...
Forget Florida—U.S. Retirees Are Hitting the Rainforest in Ecuador
Source: Mansion Global --- When American expat retirees and vacation-home shoppers look outside the U.S. they traditionally flock to the Caribbean, Baja or Costa Rica to take advantage of peaceful surroundings and more value for their dollar. Now, a new hotbed for...
What’s The Latest With UK Mortgage Rates?
Source: Forbes --- 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 and has...
Foreign Buyers Are Descending on Turkey’s Idyllic Coastal Town Kas
Source: Mansion Global --- The seaside town of Kas in Turkey’s Antalya province has an alluring coastal location, romantic Mediterranean looks and a history dating back to the 6th century B.C. The serene resort town is set along a wide bay and the Çukurbag (or Kas)...
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