Lagging Real Estate Stocks Have Dropped Too Far, Analysts Say
Wall Street analysts see a double-digit upside potential for the S&P 500’s biggest losers this year: real estate stocks.
Latest Videos
The information you requested is not available at this time, please check back again soon.
Wall Street analysts see a double-digit upside potential for the S&P 500’s biggest losers this year: real estate stocks.
US Treasury Secretary Janet Yellen said she still sees underlying price pressures receding even as a tight housing supply has helped stall the downward path of inflation.
About $52 billion, or 31%, of all office loans in commercial mortgage bonds were in trouble in March, according to KBRA Analytics.
Central Puerto SA, Argentina’s biggest power supplier, is in talks to invest in Canadian miner McEwen Copper Inc.’s Los Azules project, according to people familiar with the matter.
Real estate transactions registered in Hong Kong nearly doubled in April, hitting a three-year high, just months after the government took steps to revive the market.
Feb 13, 2019
BNN Bloomberg
,One in five young, urban homeowners in Canada say they have delayed saving for retirement to help them buy a home, according to a new survey released Wednesday.
Besides reducing non-essential lifestyle expenses – such as dining out, travel and clothing purchases – pushing back a retirement savings plan was the second-most common strategy that young Canadians took to attain homeownership in urban centres, according to the report by Sotheby’s International Realty Canada.
The report, conducted with market research firm Mustel Group, is based on a survey of 1,743 homeowners between the ages of 20 and 45 in Vancouver, Calgary, Toronto and Montreal.
“The dream of home ownership remains compelling for today’s young families, but the reality is that many are facing serious obstacles to achieving this given rising costs of living, rising costs of housing, and other financial needs, such as saving for retirement,” said Brad Henderson, president and CEO of Sotheby’s International Realty Canada, in a release.
“In an environment of higher interest rates and tighter mortgage guidelines, today’s families will continue to confront new challenges as they make home-buying decisions in this year’s market.”
The survey also found that while 71 per cent of young, urban homeowners used personal savings for their down payment, 52 per cent said they relied on financial gifts or an inheritance. Thirty-one per cent said they borrowed from RRSPs.
Meanwhile, most young homeowners appear to believe their strategies are worth it: 78 per cent of respondents said they believe their home will either outperform or match the performance of their financial investments in the next five years.
The Sotheby’s survey was conducted from Aug. 9 to Sept. 6, 2018.
February is Your Money Month at BNN Bloomberg. For more stories and practical advice on how to employ your money wisely, visit our Personal Finance page.