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.
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.
China’s junk dollar bonds are rallying to their highest level in three years amid government efforts to shore up the bruised property sector.
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.
May 2, 2019
The Canadian Press
Montreal's real estate market remained on fire in April with residential home sales increasing 11 per cent from a year ago.
Quebec's real estate broker association says home sales in metropolitan Montreal marked the 50th consecutive monthly increase in sales, rising to 5,973 units.
All six areas of the Montreal area increased, led by an 18 per cent increase in the south shore, while the Island of Montreal grew six per cent.
Condominium sales shot up 17 per cent, plexes with two to five units were up 12 per cent and single-family homes grew six per cent.
The Quebec Professional Association of Real Estate Brokers says the median price of single family home increased four per cent to $330,000, condominiums were up six per cent to $260,000 and plexes rose eight per cent to $540,000.