China Property Stocks Gauge Jumps on Proposal for Home Purchases
The shares of Chinese developers jumped on optimism that Beijing will provide policy support for the purchase of unsold homes from distressed builders.
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The shares of Chinese developers jumped on optimism that Beijing will provide policy support for the purchase of unsold homes from distressed builders.
China’s junk dollar bonds are rallying to their highest level in three years amid government efforts to shore up the bruised property sector.
Major miners in China’s biggest coal hub plan to raise output to rescue the local economy, which could help reverse this year’s rare drop in national production, according to the industry’s top association.
Hedge funds have little doubt that the Australian dollar is headed lower. The nation’s biggest banks beg to differ.
China’s economy likely continued to show signs of improvement in April, buoying the outlook for recovery as policymakers ramped up support.
Apr 1, 2022
The Canadian Press
CALGARY -- The Calgary Real Estate Board says last month set a new record for sales activity as 4,107 homes changed hands.
The Alberta board says those sales amounted to a 41 per cent increase from the 2,903 homes sold last March and made it the second month in a row that a new record was set.
New listings for the month totalled 5,485, up about 23 per cent from 4,440 last March.
The average price also climbed to $538,283, a roughly six per cent jump from $505,459 during the same month the year before.
The board warned that while the year started strongly, price gains and rising lending rates are expected to weigh on demand in the second half of this year.
The board suspects persistently tight conditions will likely continue to impact the market over the next several months.