Canada Inflation Slows to 2.8%, Below Expectations
Canadian inflation unexpectedly eased in February, building a case for the Bank of Canada to pivot to less restrictive policy in the coming months.
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Canadian inflation unexpectedly eased in February, building a case for the Bank of Canada to pivot to less restrictive policy in the coming months.
Bank of America Corp.’s Chief Executive Officer Brian Moynihan said it’ll take time for the banking industry to work through issues with commercial real estate loans, after a New York regional lender alarmed investors with its exposure to troubled debt.
An obscure investment product used to finance risky real estate projects is facing unprecedented stress as borrowers struggle to repay loans tied to commercial property ventures.
When Ken Griffin left Chicago, the billionaire listed several of his high-end properties in the Gold Coast, the city’s most exclusive neighborhood.
Vietnamese prosecutors sought the death penalty for real estate tycoon Truong My Lan, indicted in a $12 billion fraud case for her role in bribing government officials, violating bank lending rules and embezzling funds, VnExpress news website reported.
Sep 7, 2017
Montreal's housing market continues to heat up, with the city's real estate board reporting a record month of sales.
Home sales across the Montreal metropolitan area rose eight per cent to 2,899 last month. The Greater Montreal Real Estate Board said that's the highest level of activity on record for the month of August.
“The Montreal real estate market has been building an impressive track record,” said GMREB President Mathieu Cousineau in a press release Thursday. "The last monthly drop in sales dates back to February 2015."
That continued momentum is shifting power in buyers' favour as inventory dries up. Indeed, the real estate board said active listings in Montreal fell 15 per cent year-over-year in August.
The median price of a single-family home in Montreal rose six per cent last month to $325,000.