Lamborghini Bros No More: Crypto Is Creating a New Wealth Effect
It’s an oft-told anecdote littering social media: Those who invested early in cryptocurrencies have enjoyed life-changing wealth.
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It’s an oft-told anecdote littering social media: Those who invested early in cryptocurrencies have enjoyed life-changing wealth.
Australia’s housing rental value hit a fresh record in April with some cities seeing renewed growth momentum, a troubling sign for the Reserve Bank that’s likely to leave borrowing costs at a 12-year high this week to stave off price pressures.
Households making under $10,000 per year experience double the exposure to pollution compared to households making more than $150,000.
Berlin-based condom producer Einhorn has promoted its mission to protect the environment with products like its vegan, fair-trade rubbers. Now, it’s taking that ambition out of the bedroom and onto the balcony.
Wall Street analysts see a double-digit upside potential for the S&P 500’s biggest losers this year: real estate stocks.
Oct 6, 2016
Reuters
,OTTAWA - The value of Canadian building permits issued in August surged far more than expected on higher construction intentions for condominiums and commercial buildings, data from Statistics Canada showed on Thursday.
The 10.4 per cent increase well exceeded economists' expectations for a 3.0 per cent gain. July was revised up to a rise of 3.4 per cent from the previously reported 0.8 per cent.
Permits for residential buildings increased 9.6 per cent, driven by a 14.7 per cent jump in multi-family dwellings, which include condominiums, apartments and townhouses. It was the third month out of four that the segment has increased.
Plans to build single-family homes rose 6.0 per cent, with higher construction intentions seen in Ontario and Alberta, which is still recovering from prolonged weakness in oil prices.
Non-residential permits rose 11.6 per cent on higher intentions to build retail complexes and recreational buildings. Industrial permits also rose on plans to build utilities facilities.
A 15 per cent tax on foreign homebuyers in Vancouver came into effect in early August but it did not appear to have an impact on building plans in British Columbia. The value of residential permits was up 26.6 percent.