International News
Canadian Housing Starts Up Slightly
Vancouver recorded a 74% increase in starts this month while Montreal posted an 8% year-over-year decrease and Toronto experienced a 40% year-over-year decrease. Continue Reading Canadian Housing Starts Up Slightly
For Sale: Melbourne Home with a Jail Cell
The property was once a police station that had been converted to a five-bedroom residence in the 1980s. Continue Reading For Sale: Melbourne Home with a Jail Cell
Roles of a proper real estate agent
Source: Ripples Nigeria --- Real Estate Agents help buyers and sellers alike guide through each stage of finding their perfect residential or commercial space. They do this by arranging viewings and making appointments with potential customers based on what best suits...
Is real estate the best way to build wealth?
Source: UBS --- An illiquid, indivisible bulk asset with high transaction costs, residential real estate presents complications for investors whose focus is wealth-accumulation. But that doesn’t mean you should discount housing as a key part of your investment story....
Redfin CEO predicts ‘terrible consolidation’ in the real-estate sector, but says it will ultimately be good for the industry
Source: Market Watch --- The real-estate sector is in crisis amid the housing downturn. Expect more pain to come before things start to normalize, one housing chief says. “There’s going to be a terrible consolidation,” Glenn Kelman, CEO of real-estate brokerage...
Axess Law harnesses technology to upend real estate law model
Source: MPA Mag --- This article was produced in partnership with Axess Law Professional Corporation. Desmond Devoy, of Canadian Mortgage Professional, sat down with Lena Koke, chief executive officer, Axess Law Professional Corporation, to find out how she is...
Buying and Selling Real Estate in Australia (Updated)
Source: JDSUPRA --- KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER AUSTRALIAN LAW - The majority of land in Australia consists of freehold title. Registration of ownership of freehold title is recorded using the Torrens system. The Torrens system is a system of title by...
Canada Bans Foreigners From Purchasing Most Real Estate
Source: VOA News --- VANCOUVER, CANADA — With the dawn of 2023, the Canadian foreign buyers ban went into effect, banning non-Canadians from purchasing property, with several exceptions. These include landed immigrants, workers on temporary visas, refugees and some...
Global Luxury Real Estate Buyers Adapting to Uncertainty, Yet Bullish on Real Estate, According to Global Study by Luxury Portfolio International®
Source: Yahoo! Finance --- NEW YORK, Jan. 5, 2023 /PRNewswire/ -- The global wealthy are living in a state of adaptability to uncertainty, but quite bullish about ultra-luxury residential real estate, according to just-released research by Luxury Portfolio...
Mortgage approvals fall to lowest level – BoE report
Source: MPA Mag --- Net borrowing of mortgage debt by individuals rose in November 2022, but mortgage approvals for house purchases fell to its lowest level since mid-2020, according to lending data released by the Bank of England (BoE) on Wednesday. The central...
MC Explains: Canada’s ban on foreigners buying homes may impact demand among non-Canadian resident Indians
Source: Money Control --- With the aim of making more homes available and affordable for its own citizens, the Canadian government has decided to ban immigrants from buying property in the country for two years. This, real estate experts say, is expected to lead to ...
Calgary real estate sales break record despite late year slowdown
Source: Global News --- Real estate sales in Calgary saw record numbers in 2022, despite a December that was 31 per cent slower than the year before, according to the Calgary Real Estate Board (CREB). Calgary saw a record 29,672 sales in 2022, outperforming...
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