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Message to bond underwriters: Some big customers are sizing up your ESG credentials.
Joe Biden’s allies are racing to blunt the presidential campaign of Robert F. Kennedy Jr., casting his third-party effort as a stalking-horse bid designed to boost Donald Trump’s chances — even as his wide-ranging policy positions make him a threat to both.
Chengdu, a major city in the southwest China, removed home-buying curbs, joining dozens of peers in the country in an attempt to revive real estate demand and boost economic growth.
China Vanke Co. made a rare response to Moody’s downgrade last week, citing support from financial institutions and its biggest shareholder.
Billionaires who built their fortunes rolling out wireless networks when debt cost almost nothing are seeing their wealth crimped by higher borrowing costs and caution among money managers on the outlook for the industry.
May 8, 2019
BNN Bloomberg
,The head of Canada’s housing-market watchdog says this country places too much value in the dream of homeownership.
“In places like Paris and Sydney and Hong Kong and Buenos Aires [and New York], people rent. Whereas here [in Canada] we glorify homeownership. We think it’s the only vehicle for savings,” Evan Siddall, president and CEO of the Canada Mortgage and Housing Corporation (CMHC), said in an interview with BNN Bloomberg’s Amanda Lang on Wednesday.
“This party ultimately comes to an end, and the people who are going to get hurt are young people.”
He said the First-Time Home Buyer Incentive is meant to address this very issue by helping young people buy homes without pushing prices too much higher.
The incentive, for which Ottawa has set aside $1.25 billion over three years, was introduced in the 2019 federal budget and is funded in part by CMHC. It’s meant to reduce the monthly mortgage load for buyers and is available only to first-time buyers with household incomes of less than $120,000 a year.
“It is deliberately designed to be a surgical response to people being excluded from the market,” he said.
He estimates that the incentive will have a 0.02 per cent to 0.04 per cent “maximum impact” on house prices across the country.
“It’s not inflationary,” he said.
--With files from Cathy Miyagi