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Report: Ontario Households Spend More Than 50% of After-Tax Earnings for Mortgage Payments
“There is a perception that housing outside of the GTA is still somewhat affordable, but that’s not true,” said Austin Thompson, senior policy analyst with the Fraser Institute. Continue Reading Report: Ontario Households Spend More Than 50% of After-Tax Earnings for Mortgage Payments
Report: Ontario Households Spend More Than 50% of After-Tax Earnings for Mortgage Payments
“There is a perception that housing outside of the GTA is still somewhat affordable, but that’s not true,” said Austin Thompson, senior policy analyst with the Fraser Institute. Continue Reading Report: Ontario Households Spend More Than 50% of After-Tax Earnings for Mortgage Payments
NJ Town Drops Eminent Domain Seizure Threat Against Historic Church Property
A New Jersey town has halted its efforts to seize an Episcopalian church’s property to create a park with pickleball courts. The Asbury Park Press reports Toms River Mayor Daniel Rodrick postponed a vote on seizing Christ Episcopal Church in the wake of angry public...
Flyhomes Raises $15 Million in Series D Funding
Flyhomes, an Issaquah, Washington-based provider of homebuyer financing solutions, announced it secured $15 million in Series D funding, led by existing investors. According to the company, the newly raised capital will be used to expand Flyhomes’ Buy Before You Sell...
Federal Reserve Holds Rates in Place
President Trump’s efforts to cajole, coerce and bully the Federal Reserve into lowering rates came to naught as the central bank opted to maintain the target range for the federal funds rate at 4.25% to 4.50%. Today' vote marked the fifth straight meeting to end...
NEWS & CURRENT EVENTS
Coldwell Banker Expands Presence to Belgium
The office is located in Uccle, an upscale neighborhood in the Belgian capital of Brussels. Continue Reading Coldwell Banker Expands Presence to Belgium
Beeline Launches Stablecoin-Backed Home Equity Product
Beta transactions starting this month and an official rollout is scheduled for late July. Continue Reading Beeline Launches Stablecoin-Backed Home Equity Product
New Bill Would Eliminate Property Taxes for Maine’s Seniors
Property tax rates in Maine average 1.17%, above the national average of 0.9%. Continue Reading New Bill Would Eliminate Property Taxes for Maine’s Seniors
Report: More Millionaires Are Favoring Rental Housing Over Homeownership
Southern metro areas have seen the most significant growth in wealthy renters. Continue Reading Report: More Millionaires Are Favoring Rental Housing Over Homeownership
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Canada Seeks Design Services for Housing Design Catalogue
“We need to build more homes, faster, and Canada’s Housing Plan provides the blueprint to get us there,” said Housing Minister Sean Fraser. Continue Reading Canada Seeks Design Services for Housing Design Catalogue
Hits and Misses for the Real Estate Week of July 1-5
A YouTube star’s homebuilding project, a new mansion tax proposal and Detroit leads the nation for the wrong reason. Continue Reading Hits and Misses for the Real Estate Week of July 1-5
Sleeping Woman Awakes to Find Real Estate Agent in Her Home
The agent said he had “seen much stranger things than a person in bed in my inspections.” Continue Reading Sleeping Woman Awakes to Find Real Estate Agent in Her Home
Realtor.com Parent Company Sues CoStar, Alleging Theft of Trade Secrets
CoStar said Move was “attempting to divert attention from its business troubles by filing a baseless suit.” Continue Reading Realtor.com Parent Company Sues CoStar, Alleging Theft of Trade Secrets
London Mayor Lobbies New UK Prime Minister for Billions in Affordable Housing Funds
Sadiq Khan said he is now dealing with an environment where “constant obstacles not being put in my way.” Continue Reading London Mayor Lobbies New UK Prime Minister for Billions in Affordable Housing Funds
Hamilton Point Investments Buys 4-Property Houston Apartment Portfolio for $195 Million
The portfolio encompasses 1,174 apartment units in properties which were built in 2022. Continue Reading Hamilton Point Investments Buys 4-Property Houston Apartment Portfolio for $195 Million
Rent Control Measure Added to California’s November Ballot
The California Apartment Association has emerged as the leading opponent to this endeavor. Continue Reading Rent Control Measure Added to California’s November Ballot
Mortgage Rates Rise to Just Below 7%
The 30-year fixed-rate mortgage averaged 6.95% as of July 3. Continue Reading Mortgage Rates Rise to Just Below 7%
Toronto Home Sales and Prices Down in June
The decline in sales occurred in a market where the new listings were up 12.3% year-over-year. Continue Reading Toronto Home Sales and Prices Down in June
Saks Fifth Avenue Parent Buys Neiman Marcus for $2.65 Billion
HBC’s Canadian business will be recapitalized as a standalone entity, separate from Saks Global. Continue Reading Saks Fifth Avenue Parent Buys Neiman Marcus for $2.65 Billion
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