UK House Prices Under Threat As Traders Pare Back Rate Cut Bets
The UK housing market recovery is threatened by investors scaling back bets on how far the Bank of England will cut interest rates, according to a new report.
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The UK housing market recovery is threatened by investors scaling back bets on how far the Bank of England will cut interest rates, according to a new report.
US mortgage rates increased to the highest level in five months, pushing down home-purchase applications for the fifth time in the last six weeks.
The daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore, adding to the list of wealthy people seizing buying opportunities during the market lull.
A rash of failures of A-rated insurers points to a hidden weakness in the market, researchers say.
A new book by University of Virginia professor Andrew W. Kahrl argues that the country has weaponized tax collection against its citizens for more than a century.
Mar 27, 2017
The Canadian Press
TORONTO - Finance Minister Charles Sousa says the upcoming spring budget will include a package of measures dealing with housing affordability.
The Liberal government has promised measures to help curb rising home prices in some markets, particularly in the Greater Toronto and Hamilton Area.
Speculative investing in the real estate market -- buying a home in the hope of turning a profit rather than to live in it -- is believed to be one of the culprits behind the soaring house prices.
Sousa has said curbing speculative real estate purchases could help address dwindling housing affordability so that first-time buyers are able to get into the market.
Sousa also cited foreign buyers and people moving to Ontario from other jurisdictions as potential contributing factors to the housing shortage.
There's no date set for the budget yet, but it's expected in the coming weeks.