Shopping centre owner RioCan REIT reports Q1 profit up from year ago
Shopping centre owner RioCan REIT reports Q1 profit up from year ago
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Shopping centre owner RioCan REIT reports Q1 profit up from year ago
The number of European banks taking account of environmental risks in their reserves for loan losses has more than tripled in a year, signaling an initial win for the regulator in its effort to prepare for climate change.
Canada is on track to add more newcomers with construction skills than in recent years, an early sign that a targeted immigration program is working — though still not quickly enough to close a massive housing supply gap.
Next week’s auctions may provide the truest sign yet of the health of the art market.
US mortgage rates fell for the first time since late March, giving some relief to homebuyers and lifting applications for purchases and refinancing.
Apr 11, 2024
The Canadian Press
The Canadian government will allow 30-year amortization periods on insured mortgages for first-time homebuyers purchasing newly built homes.
Finance Minister Chrystia Freeland made the announcement in Toronto today, saying it would take effect Aug. 1.
The Canadian Home Builders' Association has advocated for longer amortization periods, saying five more years would help with affordability and spur more construction.
Freeland also said the government will nearly double — to $60,000 — the amount first-time homebuyers can withdraw from RRSPs to buy a home.
That's up from $35,000, to take effect April 16, the day the federal budget is set to be released.
People who make such withdrawals between Jan. 1, 2022, and Dec. 31, 2025, are also getting more time to begin repayment — up to five years in total rather than two.
This report by The Canadian Press was first published April 11, 2024.