“We are at some of the lowest inventory levels that have been recorded since June 2002. So we are just at an interesting time right now with inventory levels,” says Matt Teel, president of the board. The problem stems from a lack of homes above $500,000 entering the market. Realtor…
Tag: commercial real estate news
Foreign workers are in high demand as the new Florida law goes into effect
Welcome to The Dirt! I’m real estate reporter Kimberly Miller with the latest developments in the sizzling market. First of all, there’s some traffic news because a billionaire in Palm Beach decided they didn’t want to get their Ferragamos/Jimmy Choos scuffed crossing the street to the beach so they are…
Interest Rates Rise in the UK
Given that mortgage rates are set to rise because of the rising interest rates, many buy-to-let investors will be having to pay more on their mortgages as lenders raise their rates to meet the Bank of England’s base rate. It’s worth noting that although the Bank of England is raising…
The most sought-after Toronto real estate neighborhoods
The Toronto real estate market has remained hot despite the Bank of Canada’s aggressive interest rate hikes over the past year. In a report by Zoocasa released on Monday, it showed dollar volume for home purchases was up in 22 Toronto neighborhoods compared to a decrease in just 12. The…
Rising Mortgage Approvals a Sign of Positive Market Growth
According to the most recent data released by the Bank of England, the number of mortgage approvals rose for the first time in six months between January and February of this year. This period saw a rise from 39,647 to 43,563, following a sustained decline in the latter half of…
ApartmentLove Signs Letter of Intent to Acquire Cashflow Positive Luxury Real Estate Internet Listing Site
this section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published May 23, 2023 • 3 minute…
Canada’s politicians are more invested in property than most Canadians
Breadcrumb Trail Links Staff Blogs Real Estate Politics opinion News National Mortgages Local News columnists business Opinion: It’s relevant to ask about conflicts of interest when so many cabinet ministers and MPs make serious money through their real estate investments. Get the latest from Douglas Todd straight to your inbox…
Allied Properties Real Estate Investment (TSE:AP.UN) PT Lowered to C$35.00
Allied Properties Real Estate Investment (TSE:AP.UN – Get Rating) had its target price cut by analysts at Scotiabank from C$39.50 to C$35.00 in a note issued to investors on Thursday, BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 44.57% from the company’s previous close. Other equity analysts have…
This Week’s Top Stories: Canada’s Banks Turn Bearish On Real Estate, & An Unregulated Mortgage Boom
Time for your cheat sheet on this week’s top stories. Canadian Real Estate Only One of Canada’s Big Six Banks Expects Real Estate Prices To Rise Canada’s Big Six banks have released their base case forecasts for real estate prices and only one of them expects prices to rise in…
Why some Canadians are buying houses without the help of a Realtor
David McDonald says buying his first home in the latter half of 2021 was stressful — though maybe not for the usual reasons. Even though he was working with a Realtor he trusted, he didn’t like that he couldn’t speak directly to the people selling their homes around North Bay,…