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.
Dec 14, 2016
The Canadian Press
,Canadian mortgage brokers say it's unlikely for the U.S. Federal Reserve's rate hike to cause any significant boost in mortgage rates north of the border.
Steve Pipkey of Vancouver-based online brokerage Spin Mortgage says the bond market has already priced in the increase.
The U.S. central bank announced Wednesday that it's boosting its key interest rate by a quarter point to a range of 0.5 to 0.75 per cent, thanks to strong signs of economic growth and expectations that inflation will climb higher.
Interest rate hikes signal that the U.S. central bank is feeling optimistic about the economy and tends to cause bond yields on both sides of the border to move higher said Rob McLister, the founder of RateSpy.com.
Canadian five-year and 10-year yields did move slightly higher following the announcement from the U.S. Federal Reserve.
However, it's unlikely that the move in bond yields will be strong enough to cause a significant boost in five-year fixed mortgage rates, experts say.