Lagging Real Estate Stocks Have Dropped Too Far, Analysts Say
Wall Street analysts see a double-digit upside potential for the S&P 500’s biggest losers this year: real estate stocks.
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Wall Street analysts see a double-digit upside potential for the S&P 500’s biggest losers this year: real estate stocks.
US Treasury Secretary Janet Yellen said she still sees underlying price pressures receding even as a tight housing supply has helped stall the downward path of inflation.
About $52 billion, or 31%, of all office loans in commercial mortgage bonds were in trouble in March, according to KBRA Analytics.
Central Puerto SA, Argentina’s biggest power supplier, is in talks to invest in Canadian miner McEwen Copper Inc.’s Los Azules project, according to people familiar with the matter.
Real estate transactions registered in Hong Kong nearly doubled in April, hitting a three-year high, just months after the government took steps to revive the market.
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.