Bankers Doing Bond Deals Caught Out by New Era of Issuer Clauses
Message to bond underwriters: Some big customers are sizing up your ESG credentials.
Latest Videos
The information you requested is not available at this time, please check back again soon.
Message to bond underwriters: Some big customers are sizing up your ESG credentials.
Joe Biden’s allies are racing to blunt the presidential campaign of Robert F. Kennedy Jr., casting his third-party effort as a stalking-horse bid designed to boost Donald Trump’s chances — even as his wide-ranging policy positions make him a threat to both.
Chengdu, a major city in the southwest China, removed home-buying curbs, joining dozens of peers in the country in an attempt to revive real estate demand and boost economic growth.
China Vanke Co. made a rare response to Moody’s downgrade last week, citing support from financial institutions and its biggest shareholder.
Billionaires who built their fortunes rolling out wireless networks when debt cost almost nothing are seeing their wealth crimped by higher borrowing costs and caution among money managers on the outlook for the industry.
Dec 29, 2017
By Greg Bonnell
Toronto is poised to post some ugly year-over-year home price comparisons in early 2018 which will likely “affect the psychology of the market” – even if homebuyers take the new stress tests in stride.
Average prices in the country’s largest real estate market have recently settled into the mid-$700,000s after hitting an all-time high of $920,791 in the spring amid a real estate frenzy.
As buyers and sellers take a wait-and-see approach after the stress tests kick in on January 1, the market will likely be off to a slow start, Scott Ingram, realtor at Century 21 Regal Realty Inc. and a chartered accountant, told BNN in an email.
“If volumes start out slowly then prices won’t be shooting up,” said Ingram, who added, “I don’t think they’ll decline much at all from current levels.”
READ MORE: NEW MORTGAGE RULES
Stability at current prices still means a significant decline from the April highs – there’s a 17 per cent difference between $920,791 and November’s average price of $761,757.
“If there’s no change in price then you’re looking at double digit, year-over-year losses, even though prices are just remaining flat,” said Ingram.
“The majority of the media won’t report that subtlety, they’ll just go for the more scandalous ‘diving’ or ‘plunging’ prices – and I think that very well may affect the psychology of the market.”
The first big psychological test, both in Toronto and nationally, will be the new stress tests – known in the industry as the B-20 guidelines.
BNN talked to a handful of real estate insiders for their take on the year ahead. Here’s some of what they told us: