Fresh Stimulus Propels Emerging Markets to Fourth Week of Gains
Emerging-market currencies dipped Friday on dwindling optimism over Federal Reserve rate cuts, paring their fourth-straight week of gains.
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Emerging-market currencies dipped Friday on dwindling optimism over Federal Reserve rate cuts, paring their fourth-straight week of gains.
The owner of a historic office building in Manhattan’s Financial District has filed bankruptcy to sell the property, which has been subject to foreclosure and suffered from a lack of tenants due to the Covid-19 pandemic.
Deutsche Bank AG has entered a capital-relief deal with the European Investment Bank that allows the German lender to grant discounts on more than €600 million ($652 million) of green mortgages in its home market.
A unit of Abu Dhabi’s Mubadala Investment Co. said it anticipated a roughly $315 million credit hit related to loans issued to the now-insolvent Signa real estate conglomerate.
The Teranet-National Bank composite house price index which tracks home prices in 11 of Canada's largest cities remained stable from March to April.
Nov 28, 2018
The Canadian Press
,TORONTO -- Demand from retirees, investors and those looking for a winter getaway is driving strong demand for condominiums in popular recreational real estate markets, at times, nearly double the rate for detached homes, says a report by Royal LePage.
The realty brokerage says the median price for a condominium located in Whistler, B.C., grew by 26.5 per cent to $610,000 this year, compared with a year ago. While prices for detached homes in the popular ski resort town increased by 14.5 per cent to a median price of $2.4 million for the same period.
Pat Kelly, president and owner of Royal LePage Black Tusk, attributed the growth in condo prices to a boon in the tourism sector by buyers looking for short-term income rentals and investment properties.
It was a similar trend in other popular winter destinations in Canada.
The report found that condo prices at the foot of Mont-Tremblant, Que., grew by 30 per cent to $325,000 from a year ago. The median price for a condominium in Mont-Tremblant's village climbed 8.1 per cent to $186,500. The price of a detached home in the village was up 1.9 per cent to $425,000 year over year.
Condo prices in Canmore, Alta., near picturesque Banff, jumped 9.6 per cent to $472,000 this year, while the median price of a detached home fell by 1.1 per cent to $918,500 compared with a year ago.
In Collingwood, Ont., which is home to the Blue Mountain ski resort, condo prices were up 5.4 per cent to $407,700 from a year ago, while detached property prices rose 6.3 per cent $549,000 during the same period.
Royal LePage says they anticipate demand for recreational properties to remain steady in 2019, as baby boomers look to these areas in their retirement or as second homes.