Allegiant CEO Resigns, Founder Gallagher Returns to Top Job
Allegiant Travel Co.’s chief executive has stepped down and will be replaced by founder Maury Gallagher, one of the discount carrier’s top shareholders.
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Allegiant Travel Co.’s chief executive has stepped down and will be replaced by founder Maury Gallagher, one of the discount carrier’s top shareholders.
The Trump family’s longtime banker and Donald Trump himself are set to take the witness stand in his upcoming civil fraud trial in New York, where the former president is accused of exaggerating the value of his assets by billions of dollars for a decade to dupe lenders and insurers.
(Bloomberg) -- Former President Donald Trump will go on trial next week as scheduled for inflating the value of his assets by billions of dollars, after an appeals court denied his request for a delay.
A new report suggests the average condo renter will need to save nearly 1.5 years’ worth of rent to afford a condo down payment.
Mortgage rates in the US climbed to the highest since 2000, ramping up the pressure on potential buyers.
Aug 1, 2019
Bloomberg News
,Sales of new condos jumped to a near-record in the Toronto region in the second quarter amid lower borrowing costs, with most growth coming outside the city core.
Sales surged 77 per cent to 8,902 units from the same period last year, according to market research firm Urbanation Inc. That’s the second-highest level on record for the quarter, following the market peak of 11,413 pre-sales in the second quarter of 2017.
Sales in the suburbs doubled from last year, while dropping 12 per cent in the core, the lowest for that quarter since 2009. That could be due to higher costs and a jump in purpose-built rentals, Urbanation said.
Activity was driven by “a return to record-low borrowing costs, record-high population inflows, a healthy job market and tight conditions in the resale market, but also a huge shift in demand to relatively low-cost projects,” Urbanation said in a statement. “Of particular importance, virtually every project launched for pre-sale in the second quarter had received planning approval, reducing the risk of cancellations which have been on the rise over the last couple years.”
The average selling price for new units rose 10 per cent in the second quarter from a year earlier to $797 ($606) per square foot.