New Delhi: A majority of homebuyers in India expects property prices to rise by 6-15 per cent over the next 12 months, citing capital appreciation and rental yields as key motivators, according to a report on Monday. Those with annual household incomes between Rs 20 lakh-Rs 30 lakh are showing strongest preference for purchasing homes, … Read more
Last Updated:October 28, 2024, 14:36 IST In order to safeguard homebuyers, the Noida Authority has made it mandatory for real estate developers to register a flat after receiving 10 per cent of the total payment The latest rules mandate a tripartite ‘sale agreement’ between the buyer, builder and the Noida Authority after 10 per cent … Read more
A pair of Toronto lawyers accused of embezzling nearly $7 million from real estate clients has been found in contempt of court for failing to hand over financial records and answer questions about where the money went. Singa Bui and her husband Nicholas Cartel face penalties that could include fines or even imprisonment, and will … Read more
The Commonwealth Bank has slashed its fixed and variable home loan interest rates, following an “ongoing review of our interest rates and market conditions.” Those seeking three-year home loans are expected to get a competitive 5.89% interest rate, which is in line with Westpac’s offer. Additionally, the new variable rate borrowers will be offered a … Read more
The 30-year amortized mortgages announced in the 2024 federal budget are kicking in on Thursday. First-time homebuyers who are purchasing newly built homes can now qualify for a 30-year mortgage, giving them five additional years to pay off an insured mortgage. For other mortgages where default insurance is required, a 25-year amortization limit is still … Read more
The annual rate of new home construction was up in May, while home sales were slightly down, according to data released separately on Monday by the Canada Mortgage and Housing Corporation and the Canadian Real Estate Association. Referred to as housing starts, new home construction was up 10 per cent in May compared to the previous … Read more
Mortgage debt grew at its slowest pace in 23 years in February, amid high borrowing costs and reservations related to the Bank of Canada’s key interest rate — but the slowdown likely won’t last, according to Canada’s housing agency. Canadian mortgage debt totalled $2.16 trillion that month, up 3.4 per cent from the same period last year — a historically low … Read more
The ongoing festival sees an uptick in property buying, spurred by the belief that purchasing during auspicious times can bring good fortune. From immediate possessions to luxury stays, developers go all out to woo homebuyers As the festival of Navratri brings a wave of festivity across India, top real estate developers are rolling out attractive … Read more
