Arizona’s Abortion Law Repeal Comes as Independents Trust Biden More on Issue
It’s independents, a growing voting bloc, who drive election victories in the swing state, where the GOP is rushing to defuse abortion as an issue.
Latest Videos
The information you requested is not available at this time, please check back again soon.
It’s independents, a growing voting bloc, who drive election victories in the swing state, where the GOP is rushing to defuse abortion as an issue.
Pending sales of existing US homes in March reached their highest levels in a year in spite of persistently high borrowing costs and a low supply.
Blackstone Inc. agreed to sell a student-housing portfolio to KKR & Co. for $1.64 billion.
Whirlpool Corp., the owner of the Maytag and Amana appliance brands, is cutting about 1,000 salaried positions worldwide to reduce costs as slow US home sales limit demand.
Politicians are desperate for developers in Vancouver to build more homes to alleviate pressure in one of the continent’s most expensive real estate markets. There’s just one problem — not enough buyers are showing up.
Jan 12, 2018
Reuters
,OTTAWA - Canadian home prices rose in December after three consecutive months of declines, lifted by an increase in Vancouver even as prices in Toronto continued to fall, data showed on Friday.
The Teranet-National Bank Composite House Price Index, which measures changes for repeat sales of single-family homes, showed prices rose 0.2 last month from November.
Still, prices rose in just five out of the 11 cities surveyed, boosted by a 1.3 per cent increase in Vancouver, Canada's most expensive housing market.
The city, which implemented a foreign buyers tax in 2016, has seen prices rise for the last eight months, driven by demand for condominiums.
In Toronto, where sales were dampened last year by provincial government moves to cool the market, prices slipped 0.3 per cent, the fifth month of declines.
But there were signs that tighter mortgage rules that came into force at the start of 2018 brought buyers off the sidelines, with the raw index for Toronto prices up 0.1 per cent in December, the report said.
Teranet normally smoothes out month-to-month fluctuations in its indexes by using a moving average of the past three months.
Nationally, prices were up 9.1 per cent on the year, a slight dip from the 9.2 per cent annual increase seen in November.
Years of cheap mortgage costs following the global financial crisis have raised concerns some Canadians have taken on too much housing debt and economists are watching to see how borrowers adjust to both the tighter lending rules and higher interest rates.
The Bank of Canada raised rates twice last year and is expected to continue to tighten in 2018.