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Near-empty office buildings, already a problem plaguing US cities, are becoming a worry for mortgage bondholders as landlords fall behind on repayments at the fastest rate in five years and the difficulty of refinancing the loans grows.
Former chairman says fellow director asked him to get “those two women” off the board. Director says he disagrees with many assertions.
As millions of workers gaped at the thick haze enveloping the Northeast US this week, they faced yet another remote work conundrum: Should they commute in a smoky haze to a well-ventilated office or is it safer to stay home?
Welcome to Social Buzz, a daily column looking at what’s trending on social media platforms. I’m Caitlin Fichtel, an editor on Bloomberg’s Breaking News team, which monitors everything from company statements to tweets from some of the most prominent people in the financial world. Here’s your daily look at what the internet is talking about.
An influx of people and a jolt of federal aid juiced the Sunshine State’s growth — but high housing costs and rising inequality could haunt the governor’s presidential bid
Jan 4, 2022
The Canadian Press
CALGARY -- The Calgary Real Estate Board says December sales climbed by nearly 45 per cent year-over-year as 2021 ended with a record number of homes changing hands.
The Albertan board says Calgary saw 1,737 homes sold last month, up from 1,199 during December 2020.
Last month's home sales brought the year-end total to 27,686, nearly 72 per cent higher than last year and more than 44 per cent higher than the 10-year average.
The average home price increased by 10 per cent last month to reach $477,977, while the average price across 2021 was $492,704.
New listings for December sat at 1,230, up almost five per cent from 1,172 a year ago.
CREB's chief economist Ann-Marie Lurie say the figures indicate that the market is beginning 2022 with some of the tightest conditions seen in more than a decade.
"Concerns over inflation and rising lending rates likely created more urgency with buyers over the past few months," she said, in a release.
"However, as is the case in many other cities, the supply has not kept pace with the demand causing strong price growth."
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