Real estate brokers in Quebec are expecting “For Sale” signs to increase on lawns across the province after this week’s key interest rate hike. The increase to 5 per cent is the 10th increase since March 2022, and it is now the highest it’s been since 2001. …
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P.E.I.’s home real estate market moderating, but still tight
Home shoppers on P.E.I. have had more to choose from this year but the market still favours sellers, according to the latest figures from the P.E.I. Real Estate Association. After three years of rapidly increasing prices, the average price for a home is down slightly compared to 2022, according to…
Jim Pattison’s former West Van home for sale for $1. Conditions apply
Breadcrumb Trail Links Real Estate Local News Homes The District of West Vancouver is hoping to sell a beachfront home in Ambleside for as little as $1, but the purchaser must relocate it Published June 11, 2023 • Last updated 4 days ago • 2 minute read Jim Pattison’s former…
Trends Reveal Record Demand for Student Accommodation
The shortfalls in student accommodation have been especially detrimental to international students – those coming from countries with a weaker currency have found accommodation increasingly unaffordable, for example. Yet in 2022 – the UK issued nearly 500,000 study visa grants for international students – this marks an impressive 81% rise…
Commercial real estate poses risks to US banks
JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative conference in Washington.Jeena Moon/Reuters JPMorgan CEO Jamie Dimon warned commercial-real estate loans could cause problems for US banks. “There’s always an off-side,” he said. “The off-sides in this case will probably be real estate.”…
Toronto-area housing developments at risk as lenders accuse StateView Homes of wrongdoing
The future of hundreds of unbuilt townhouses is in limbo as Toronto-area home builder StateView Homes deals with fallout caused by an alleged “check-kiting” scheme that ran up debts of $37-million. A lawsuit filed by Toronto-Dominion Bank TD-T on March 24 alleges a series of “fraudulent checks” were used to…
Market trends: Cottage prices to drop
Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Article content The price of recreational real estate across the country is expected to dip this year, with the biggest price drops in Ontario and Quebec….
Canadian real estate: Home sales down 40%
OTTAWA – Home sales in Canada plummeted 40 per cent last month compared with a year ago, with new listings and prices also dropping in what one economist called “hints of a bottoming process.” The plunge in sales came as prices declined 18.9 per cent compared with the all-time record…
Traders Buy High Volume of Put Options on iShares US Real Estate ETF (NYSEARCA:IYR)
iShares US Real Estate ETF (NYSEARCA:IYR – Get Rating) saw unusually large options trading on Friday. Stock investors purchased 40,556 put options on the company. This represents an increase of approximately 77% compared to the average volume of 22,895 put options. iShares US Real Estate ETF Stock Performance Shares of…
Commercial Real Estate Is Next Shoe to Drop for Regional Banks, Stock Market
Commercial real estate is probably the next pain point for regional banks and the stock market, according to BofA. The bank noted that US regional banks account for 68% of all commercial real estate loans. A combination of low occupancy and a wave of refinancing at higher interest rates could…