Chinese Firms Are Investing Abroad at Fastest Pace in Eight Years
China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
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China’s overseas investment is heading for an eight-year high as its dominant firms build more factories abroad, a shift that could soften criticism of Beijing’s export drive.
The Related Cos. founder is following the money flowing south by bringing his influence to everything from real estate to schools and health care.
Real estate brokerage stocks tumbled Thursday on waning expectations for Federal Reserve interest-rate cuts, and as a disappointing earnings release raised concern about the sector’s outlook.
Initial data on US gross domestic product for the first quarter of 2024 is set to confirm an ongoing economic boom amid a tailwind from surging immigration.
A South Florida office skyscraper from Related Cos. landed new finance tenants, including a John Paulson business and a private equity firm that counts Mark Bezos as a founding partner.
Oct 16, 2018
Real estate brokerage Royal LePage said house prices in Canada is forecasted to climb in the next three months as the USMCA trade deal boosts confidence in the job market and consumers consider larger purchases.
Royal LePage expects the aggregate price of a home in the country to rise by 1.5 per cent in the fourth quarter from the previous year. The average price of a home in Canada rose 2.2 per cent in the third quarter to $625.499.
"Positive economic fundamentals, supported by a new agreement on trade, should bolster consumer confidence across Canada and stoke demand in the nation's real estate market," said Phil Soper, president and CEO of Royal LePage in a statement on Tuesday.
"More confident that their jobs are secure, the new USMCA agreement has removed a widespread veil of uncertainty that was acting as a drag on large purchase decisions."
After months of intense negotiations, the federal government reached an agreement with the U.S. and Mexico on a new trilateral trade pact earlier this month that is expected to be ratified by the end of this year.
Even though the trade deal paves the way for the Bank of Canada to raise interest rates, Soper said the agreement is a positive development for housing industries on both sides of the border.
“Job growth is strong, Canada is attracting more of the best and brightest from around the world and the large millennial cohort is putting increasing pressure on our limited new housing stock,” Soper said. “It is imperative that all levels of government address looming supply shortages, particularly in affordable housing."
The jump in house prices across Canada in the last three months were driven by gains in the greater Montreal and Vancouver areas, while Toronto reported year-over-year declines.