Trading Floors Buzz With Excitement as BOJ Axes Negative Rates
One word echoed across trading floors from Tokyo to Singapore as the Bank of Japan raised rates for the first time in 17 years — ‘finally’.
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One word echoed across trading floors from Tokyo to Singapore as the Bank of Japan raised rates for the first time in 17 years — ‘finally’.
China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands at the center of one of the biggest financial fraud cases in history.
Japan’s real estate shares were the biggest winners on Tuesday after a widely expected move by the Bank of Japan to end its negative rates regime, with investors focusing on the dovish tone by the central bank and the inflation outlook.
The painful decoupling offers a glimpse of what awaits both sides if the war in Gaza permanently ruptures ties.
Donald Trump lost his bid to prevent testimony from a porn star and a Playboy model at the former president’s criminal trial in New York, where he’s accused of falsifying business records related to hush-money payments before the 2016 election.
Apr 11, 2018
BNN Bloomberg
,Toronto condo renters are facing sticker shock amid a supply crunch as new mortgage rules have been pushing more prospective homebuyers into the condo market.
The average monthly rent for a Toronto condo surged 10.7 per cent year-over-year to $2,206 in the first quarter of 2018, according to a report released Wednesday by real estate consulting firm Urbanation.
The report said renters have moved more toward cheaper rental options like studio apartments and one-bedroom-without-den units as rents rise.
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The number of rental units up for grabs in the Greater Toronto Area dropped 12 per cent year-over-year, while listings sat on the market for an average of 18 days compared to 20 days a year earlier. And a total of 5,302 condos were leased in the first quarter, marking the lowest level in three years.
“Renters in the GTA are facing very strong market forces that are pushing hard on demand while new supply remains stubbornly low,” Shaun Hildebrand, Urbanation’s senior VP, said in a release.
Hildebrand added the conditions should improve “at least somewhat” in the latter part of the year as more condo projects are completed and buyers adjust to the new mortgage lending rules introduced in January.