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.
Jul 10, 2019
BNN Bloomberg
,“Stubborn” homeowners who aren’t willing to sell their properties may be a reason why Alberta and British Columbia’s housing prices aren’t dropping more substantially, according to a new report by Royal LePage.
Phil Soper, president and CEO of the real estate firm, says that while some of the country’s largest housing markets showed signs of a sustained recovery in the second quarter, sales volumes and prices have slumped in Western Canada.
“Only in the West do we see a significant number of homebuyers remaining on the sidelines, depressing sales volumes and causing prices to sag,” Soper said in a release Wednesday.
“Buoyed by supportive economic conditions, many stubborn homeowners in B.C. and Alberta remain unwilling to let their precious real estate go for less than what they perceive as fair value, which has gone a long way to protecting existing home values.”
In its latest house price survey, Royal LePage added that while the price of a home in Canada is expected to rise 0.4 per cent by year-end – compared with the end of 2018 – prices in a number of Western cities will remain weak. The aggregate price for a home in Greater Vancouver is forecast to decline by 5.5 per cent, while home prices in Calgary, Edmonton and Regina are expected to fall 3.6 per cent, 3 per cent and 4.9 per cent, respectively, Royal LePage said.
Meanwhile, the survey showed that the overall median price of a Canadian home rose 1.1 per cent year-over-year to $621,696 in the second quarter, driven mostly by gains in Ontario cities.
Royal LePage’s survey is based on data from 63 of the country’s largest real estate markets.