US housing rents have jumped 19% to an average of $1,712 since 2019. While the rent increase was the least, at 1%, in the past year, renewed demand from renters could mount further upward pressure on rental pricing as new homes hit the tight real estate market. Furthermore, many potential first-time homebuyers are choosing to … Read more
Tangible assets like real estate have been among the top investment choices for the wealthy, given their intrinsic global demand, limited supply, passive income, and non-correlation to stock markets. While investing in real estate isn’t a feasible option for most due to the high capital entry barrier, the industry has rapidly transformed in recent years … Read more
For months, the Bank of Canada has been trying to thread a needle: slow the economy just enough to get inflation back under control but not so much that it causes a recession. In a report released this week, the central bank offered up plenty of evidence that its strategy is working. Inflation has eased, economic growth has … Read more
Most Australian cities found a place among the top 25% least affordable markets for middle-income home buyers, a Demographia study by the US-based Chapman university has revealed. Sydney was ranked the second-most unaffordable city to buy a home in the world, after Hong Kong, News.com reported. The annual study, conducted by Chapman University’s Frontier Centre … Read more
The annual rate of housing starts in Canada fell slightly by one per cent compared with March 2024, while the number of residential home sales dropped in the same period of time, according to separate sets of numbers released today by the Canada Mortgage and Housing Corporation (CMHC) and the Canadian Real Estate Association. The CMHC, … Read more
The U.S. plans to slap new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment — an election-year move that’s likely to increase friction between the world’s two largest economies. The tariffs are unlikely to have much of an inflationary impact because of how they’re structured. Administration officials said they … Read more
As the housing crisis continues to take a toll on Massachusetts, the Greater Boston Real Estate Board is urging residents to tell lawmakers to stay away from enacting a tax on pricey real estate deals. The Greater Boston Real Estate Board has launched what it’s describing as a “multifaceted digital and grassroots activation campaign” centered … Read more
The housing market could soon get “interesting,” economists say, as home prices and sales start to edge up, according to a pair of new reports released Friday. In its latest quarterly Home Price Update and Market Forecast, Royal LePage is forecasting that the aggregate price of a home in Canada will increase nine per cent in the fourth … Read more
The Bank of Canada is trying to thread a needle. It’s keeping rates higher for longer at least in part because it’s worried a rate cut now could undermine the last two years of pain and progress. “We don’t want to keep monetary policy this restrictive for longer than we have to. But nor do … Read more
The memo sent to staff in the Prime Minister’s Office to announce the hiring of Max Valiquette as the government’s new executive director of communications said the former marketing executive would be focused on, among other things, “aligning the entire team under a clear narrative.” In politics, a clear narrative isn’t everything, but it’s a … Read more
