NatWest Beats Estimates on Signs of Growing Customer Confidence
NatWest Group Plc beat earnings estimates in the first quarter as lending and deposits increased amid signs of improving customer confidence.
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NatWest Group Plc beat earnings estimates in the first quarter as lending and deposits increased amid signs of improving customer confidence.
Singapore home prices grew at a slower pace last quarter and rents fell, as the city-state’s property boom began to lose steam.
Hong Kong home prices rose for the first time in almost a year in March as the city’s removal of property curbs revived sales.
Greater China’s property market crisis and the challenges it poses for lenders will be on full display on Monday, when embattled developer China Vanke Co. and the region’s biggest banks report earnings.
China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
Mar 14, 2018
The Canadian Press
VANCOUVER - The British Columbia Real Estate Association says tough mortgage qualification rules are a key reason for a province-wide drop in housing demand last month compared with February 2017.
The association says home sales fell 5.7 per cent in February, with about 6,200 properties changing hands.
Chief economist Cameron Muir says on a seasonally adjusted basis, sales have plummeted more than 26 per cent since new federal mortgage rules took effect at the beginning of the year.
But the association says prices continue to climb, with the average home selling for just over $748,000, an 8.8 per cent jump over February of last year.
The Office of the Superintendent of Financial Institutions implemented new lending guidelines in January that require borrowers who don't need mortgage insurance to show they would still be able to make payments if interest rates rise.
In order to get insurance, homebuyers must prove they can service their uninsured mortgage at a qualifying rate two percentage points higher than the lender's rate or the Bank of Canada's five-year benchmark rate, currently set at 5.14 per cent.