Banks Warn of Growing Energy-Related Risks in Mortgage Portfolios
Across Europe, banks are trying to figure out how to handle a growing risk lurking in residential mortgage portfolios: energy consumption.
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Across Europe, banks are trying to figure out how to handle a growing risk lurking in residential mortgage portfolios: energy consumption.
South Korea’s top financial watchdog attempted to revive optimism over the nation’s corporate reform initiatives to investors in New York while soothing concerns over the short-selling ban.
Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy.
Big US bond investors have been aggressively shifting money into long-dated notes, betting that the unloved asset class will be one of the winners from eventual interest rate cuts.
A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year.
May 2, 2024
The Canadian Press
Greater Vancouver's real estate board says the number of homes that changed hands in April rose 3.3 per cent from the previous year, but total sales were still well below the 10-year average for the month.
Greater Vancouver Realtors says there were 2,831 home sales in the region last month, compared with 2,741 sales recorded in April 2023.
That came as the number of Metro Vancouver homes listed for sale rose 42.1 per cent year-over-year to 12,491, which is 16.7 per cent above the 10-year seasonal average. It marks the first time that figure has exceeded the 12,000-threshold since the summer of 2020.
The composite benchmark home price was $1,205,800, up 2.8 per cent from a year ago and a 0.8 per cent increase from March.
In April, there were 7,092 detached, attached and apartment properties newly available — a 64.7 per cent increase compared with the 4,307 properties listed in April 2023.
Andrew Lis, the board's director of economics and data analytics, says it's a "surprise" to many that demand has remained strong, along with the fact few homeowners have been forced to sell in the face of the highest borrowing costs in over a decade.
This report by The Canadian Press was first published May 2, 2024.