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.
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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.
Nov 7, 2019
The Canadian Press
OTTAWA -- Canada's federal housing agency says the residential market showed a moderate degree of vulnerability in its latest quarterly report but that imbalances continue to narrow.
The moderate risk rating is the third in a row from the Canada Mortgage and Housing Corp. after it flagged the market as high risk for two and a half years.
It says the narrowing risk comes as home prices ease somewhat, with the average price down 0.6 per cent in the second quarter of this year compared with last, while the young-adult population continued to grow at 1.9 per cent to increase the pool of potential first-time homebuyers.
The agency says Toronto has been downgraded from high risk to moderate as prices dipped by 0.8 per cent in the second quarter while inflation-adjusted disposable income grew by 0.5 per cent, though prices have been climbing in the third quarter. It also moved Hamilton from high to moderate risk.
CMHC says Vancouver, Edmonton, Calgary, Saskatoon, Regina, and Winnipeg still show a moderate degree of vulnerability.
It says cities including Ottawa, Montreal, Quebec, Moncton, Halifax and St. John's show a low degree of vulnerability.