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Vietnam builders have suspended more than 1,200 real estate projects worth 800 trillion dong ($34 billion) as funding woes continue to beset the industry.
UK house prices resumed their decline, with Nationwide Building Society warning that headwinds for property sellers are increasing.
UK mortgage approvals fell unexpectedly, and borrowers repaid debt at a historic pace after soaring interest rates increased the cost of serving loans.
China’s manufacturing surveys this week provided contradictory signals of factory activity in May, suggesting the outlook for the world’s second-largest economy remains uncertain and policymakers may need to do more to spur growth.
After more than 20 years, British Land’s time in the prestigious FTSE 100 index is coming to an end, falling victim to the turmoil rising interest rates are causing in the commercial property market. It’ll be replaced by IMI Plc, the Birmingham-based engineering company. It also means Ocado, whose shares have fallen as the cost-of-living crisis squeezes its customers, has narrowly avoided demotion.
Jan 19, 2023
, BNN Bloomberg
The majority of real estate properties in housing markets across Ontario are selling quicker than in Toronto.
A report posted by Zoocasa on Thursday, said 12-out-of-22 Ontario housing markets had properties listed for sale for a shorter amount of time than the Toronto average in December.
The Waterloo Region came in first with the smallest number of days on market (25 days), followed by Aurora (26 days), and London and Whitby tied for third (28 days).
According to data by the Toronto Regional Real Estate Board, homes in Canada’s largest city were on the market for an average of 40 days in December.
This marked a 110.5 per cent year-over-year increase from Dec. 2021, when properties were listed on the market for an average of 19 days.
Caledon and Orangeville were tied with having properties listed on the market for the longest amount of time, with an average of 60 days.
Vaughan and Milton both came in at second last with properties listed for an average of 47 days.
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