UBS Analyst Who Took On Evergrande Now Bullish on China Property
When it comes to Chinese real estate, John Lam is a lone wolf.
Latest Videos
The information you requested is not available at this time, please check back again soon.
When it comes to Chinese real estate, John Lam is a lone wolf.
Analysts upgraded their forecast for China’s growth this year after a better-than-expected performance in the first quarter — but they see more signs that the world’s second-biggest economy will struggle to escape from deflationary pressures.
A rash of failures of A-rated insurers points to a hidden weakness in the market, researchers say.
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.
Chicago Bears officials alongside Mayor Brandon Johnson unveiled plans for a $4.7 billion project to build a publicly owned, enclosed stadium and enhanced lakefront area.
Dec 7, 2017
The Canadian Press
Toronto city council has approved regulations for short-term rentals in the city that would apply to such services as Airbnb.
The rules allow the rental of a principal residence only and homeowners won't be allowed to list secondary suites, such as a basement apartment, for short-term rental.
Entire home rentals will be capped at 180 days a year.
The city will create a registry of short-term rental landlords who would have to declare that their rental property was their principle residence and pay an annual fee of $50.
Around 10,800 Airbnbs were rented out in Toronto in 2016 and the company estimates that over three quarters of their Toronto landlords are renting out space in their principal residence.
It says more than half of all Airbnb listings are in the city's downtown, and the vast majority -- over 80 per cent -- accept only short-term bookings.
Fairbnb, a coalition founded by a Toronto-area hospitality workers' union to advocate for Airbnb legislation, called for rental units to be preserved for long-term renters, not vacation rentals.