After ten months on the market at steadily declining asking prices, long-time Hollywood hypenate Rob Cohen, director of the first installment of the money-minting “Fast and Furious” franchise in 2001 and producer of several iconic 1970s films including “Mahogany” and “The Wiz,” sold his home in guard-gated
A financial services institution is forecasting an ongoing slowdown in British Columbia's housing market, one day after the Canadian Real Estate Association predicted home sales will continue to dip in the province next year. Central 1 Credit Union, which provides services to more than 300 credit
Real estate analyst John Burns points to higher mortgage rates, along with the surge in home prices over the last few years, as the culprit.
Alimentation Couche-Tard Inc. and CrossAmerica Partners LP have signed a deal to swap convenience and gas station assets in the United States. Under the agreement, Couche-Tard has agreed to sell 192 U.S. convenience and fuel retail stores to CrossAmerica, with an aggregate value of about US$184.5 million
National home sales are projected to fall to a near decade low in 2019, as rising interest rates and strict mortgage stress-test rules continue to put a damper on homebuyer sentiment, according to the Canadian Real Estate Association. The group, which represents more than 125,000 realtors, is projecting
Many in Canada's real estate industry have recently declared that Canada's housing markets have achieved a "soft landing" after the slowdown earlier this year. The report comes as the Canadian Real Estate Association (CREA) said Monday that home sales and prices fell again in Canada
I realize I spend about $2,300 on food and coffee from Starbucks in a year. If I saved and invested that money instead, I could make $17,000 in 30 years. Here's why I won't do it.
The index has plummeted nearly 20 points over the past year while buyers hesitate to purchase new homes even as mortgage rates have pulled back in recent weeks.
The U.S. Census Bureau's 2013-2017 American Community Survey five-year estimates reveal how much it costs to own a home in every state. The highest home values are in Hawaii and the District of Columbia.
Hong Kong property prices are falling sharply, but experts say there is no danger of a crash due in part to pent-up demand from mainland Chinese.
The stress test "had a very targeted outcome," said Brad Carr, CEO of Toronto-based Mattamy Homes, in an interview with Bloomberg. Watch: This basement bachelor in Toronto is gobsmacking. The stress test, in effect, reduces the maximum amount of mortgage you can borrow by roughly 20 per cent
"Texas is the Alabama when it comes to recruiting in college football. We get to pick the 5-star recruit companies that are coming to the Lone Star State," Abbott says.
Real estate mogul Barbara Corcoran has made her fortune buying and investing in up-and-coming areas. Here's how she finds the next hot spot.
The diplomatic spat between Canada and China that broke out in the wake of the arrest of Huawei's CFO, Meng Wanzhou, could have an unexpected casualty: Vancouver's already struggling housing market. The tensions between the two countries could empty Vancouver of Chinese real estate investors
Home sales have slowed to a crawl nationally, and it's not just the winter temperatures. The market's pulse has become weaker, especially in areas that were hottest just last spring. In November, just 32 percent of offers written by Redfin, a real estate brokerage, saw multiple offers. That
Oxford Properties Group has acquired the Investa Office Fund, a portfolio of 19 properties in Australia, for $3.3 billion. The deal includes office buildings in Sydney, Melbourne, Brisbane, Perth and Canberra. The companies say Oxford and Investa will jointly manage the portfolio.
Airbnb says a proposal in New Orleans to ban short-term rentals of whole homes that are not owner-occupied would "devastate" some city residents who depend on the income. New Orleans City Council member Kristen Gisleson Palmer released the proposal Thursday. A New Orleans City Council member
Transat A.T. endured a frigid earnings year despite refocusing its sun destinations and beachside resorts as rising jet fuel prices and currency fluctuations reduced the travel company's profits ahead of the ramp-up of competition from Canadian airlines. Annual net income attributable to shareholders
Mortgage applications to purchase a newly built home dropped 11 percent in November, compared with a year ago, according to the Mortgage Bankers Association. Given the drop, MBA economists predict that sales of newly built homes in November fell 5 percent annually. Those numbers will be reported at the
"I don't think it's worth providing $3 billion and setting a precedent" for other companies to pick the city's pockets, state Sen. Michael Gianaris says.
Rising interest rates and slower income and population growth helped temper demand for new mortgages in the second quarter, according to Canada Mortgage Housing Corp. The federal housing agency says fewer Canadians opened new mortgages in the three-month period ending June 30, even though the total