A Hong Kong court on Monday ordered the liquidation of property company China Evergrande Group, a move likely to send ripples through China’s crumbling financial markets as policy-makers scramble to contain the deepening crisis. Evergrande, the world’s most indebted developer with more than $300 billion US in total liabilities, sent a struggling property sector into a … Read more
The Bank of Canada says record levels of immigration are driving up the cost of housing and recent government efforts to cut the number of non-permanent residents and encourage home building will help lower housing costs, but “only gradually.” “In the short term any increase in population, particularly in an environment of constrained supply, is going … Read more
If you find yourself struggling to make your rent payment every month, you’re not alone. More Americans are having that problem than ever before, according to new data from Harvard University. The number of American renters considered “cost burdened” by their monthly housing payment in the latest count from 2022 hit an all-time high of 22.4 million … Read more
Megastar Amitabh Bachchan has onboard as the brand ambassador for an upcoming 7-star property by The House of Abhinandan Lodha (HoABL) in Ayodhya. An ad placement was done in a newspaper confirming the endorsement. Amitabh Bachchan becomes brand ambassador for 7-star property by The House of Abhinandan Lodha in Ayodhya “I am looking forward to … Read more
Many community members who turned out to a Boulder Planning Board hearing last week voiced strong opposition to a developer’s concept plan that would tear down the historic Dark Horse Tavern and build a mixed-use commercial and residential development on the property. The Dark Horse has been a Boulder landmark since 1975, known for its … Read more
Gov. Maura Healey moved an enormous $4.1 billion bill to tackle a housing shortage decades in the making to a Joint Committee on Housing hearing Thursday morning, doubling down on the urgency of the “issue of our time” following her State of the Commonwealth speech the night before. “This is our highest priority as an … Read more
Review errors, unreliable data and poor oversight in Denver’s planning department exacerbated permit delays for home construction projects and renovations as wait times grew significantly during and after the pandemic, a new city audit says. Between 2020 and the first part of 2023, average wait times for residential project permits grew by 75%, or 113 … Read more
Douglas County this week sued a state board in charge of evaluating property assessments, claiming officials overstepped their authority and wrongfully stopped the county from providing substantial tax relief to thousands of homeowners. Last month’s board decision and the appeal to a judge to step in come amid a fierce statewide debate over how to … Read more
Canada’s housing market is seeing some of the lowest annual sales volumes in more than a decade, according to the latest statistics from the Canadian Real Estate Association, even though December saw a jump in sales compared to the month before. In a statement, CREA noted that the annual home sales total of 443,511 units in … Read more
Housing, housing, and more housing will dominate Colorado Gov. Jared Polis’ agenda this legislative session as state leaders aim to encourage more building across the state. The governor, entering his sixth year in office, previewed his priorities Thursday in his annual State of the State address to a packed Colorado House chamber. Roughly the first … Read more
