Marchesa’s Co-Founder Lists Her Upstate Barn for $2.87 Million
The stylishly renovated home is about 100 miles away from Manhattan and set on six and a half wooded acres.
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The stylishly renovated home is about 100 miles away from Manhattan and set on six and a half wooded acres.
Greek Prime Minister Kyriakos Mitsotakis announced an increase of €50 ($53.9) a month to the country’s minimum wage for employees, lifting the amount to €830 from €780.
One of China’s biggest property firms delayed its earnings report while another posted a record profit decline as the nation’s real estate crisis shows no signs of easing.
The owners of Saks Fifth Avenue are in talks to raise financing to bolster the cash portion of an offer to buy competitor Neiman Marcus, according to people familiar with the matter, moving two of America’s biggest high-end department stores closer to a deal after years of on-and-off courtship.
Jefferies Financial Group Inc.’s revenue jump — due to strong capital markets and rebounding investment banking — bodes well for the bigger banks due to report in weeks to come.
Jul 12, 2017
The Canadian Press
TORONTO -- Newly-released data from the Ontario government shows half of real estate transactions involving a foreign buyer in the Greater Golden Horseshoe region took place in Toronto the month after the province introduced a new tax on non-residents.
The Ontario government says there were 857 residential and agricultural real estate purchases by foreigners in the Greater Golden Horseshoe — which stretches from the Niagara Region to Peterborough, Ont. — between April 24 and May 26.
Half of those foreign-bought properties were in Toronto and 21 per cent were in York Region.
Foreign buyers were responsible for nine per cent of total transactions in York Region and seven per cent in Toronto, with lower percentages in surrounding areas.
The government said last week that nearly five per cent of home purchases in the Greater Golden Horseshoe region were made by non-residents since the foreign buyer tax was announced.
The non-resident speculation tax came into effect in April, the same month the government first began collecting information from real estate buyers concerning their citizenship, residency and their intentions for their property.
The 15-per-cent tax applies to purchases by people who aren't citizens or permanent residents, and by foreign corporations.
The tax was one part of a housing plan the government introduced in an effort to cool down the market in the Toronto area and beyond.