Country Garden Holdings Co., one of China’s biggest property developers, warned it will miss a deadline for reporting annual results, further complicating plans to restructure its debt following a default last year.
More New Yorkers have stopped paying their property taxes — a troubling trend since the onset of the pandemic that city officials attribute to the end of a tax-lien sales program that punishes delinquency.
US consumer sentiment rose markedly toward the end of March, supported by strong stock-market gains and expectations that inflation will continue to ease.
Pending sales of previously-owned homes in the US recovered last month after declining at the start of the year, adding to evidence that the housing market is gradually improving.
Home Depot Inc. said it would buy building-products distributor SRS Distribution Inc. for about $18.25 billion in a bid to bolster the company’s professional services business.
How Canada’s most expensive homes compare to America’s priciest mansion
Laura Woodward, BNN Bloomberg
US$250 million Bel-Air mansion
, Bruce Makowsky/BAM Luxury Development
The most expensive U.S. home ever listed for sale has hit the market for US$250 million and was unveiled Friday by luxury developer Bruce Makowsky. The mansion, located in Los Angeles, isn’t the first record-breaking home for the developer. After completing the sale of his $70 million spec home in Beverly Hills, Makowsky was dubbed the ‘Spec King.’
Bel-Air, Los Angeles
Price tag: US$250 million
Specs: 12 bedrooms, 21 bathrooms
The new 38,000-square-foot Bel-Air home features two master suites,10 guest suites, 21 bathrooms, three kitchens, five bars, a 40-seat theatre and a four-lane bowling alley.
But Canada’s priciest homes have nothing on this Bel-Air mansion. The country’s most expensive listing, according to Royal LePage, is a fraction of the cost of the L.A. home.
BNN.ca has compiled Royal LePage’s most luxurious listings:
Oro-Medonte, Ont.
Price tag: $13 million
Specs: Five bedrooms, six bathrooms
Features: Waterfront of Kempenfelt Bay and infinity pool with swim-up bar
Victoria, B.C.
Price tag: $12 million
Specs: Three bedrooms, four bathroom
Features: 97 acres overlooking Martindale Valley
West Vancouver, B.C.
Price tag: $11.98 million
Specs: Six bedrooms, eight bathrooms
Features: View of Vancouver Islands and wine room
West Vancouver, B.C.
Price tag: $11.88 million
Specs: Five bedrooms, seven bathrooms
Features: Grand spiral staircase and a wrap around front balcony