
Swedish Central Bank Warns on Housing Market After Hawkish Rate Move
Sweden’s central bank said its moves to curb inflation are likely to lead to a deeper plunge in the housing market that’s already in the midst of one of the worst routs globally.
Latest Videos
The information you requested is not available at this time, please check back again soon.
Sweden’s central bank said its moves to curb inflation are likely to lead to a deeper plunge in the housing market that’s already in the midst of one of the worst routs globally.
The Riksbank raised borrowing costs by half a percentage point, pledged to start bond sales and declared it wants a stronger krona, as its new governor set out his inflation-fighting credentials.
Aldar Properties PJSC, the biggest developer in Abu Dhabi, plans to start work on projects in Dubai this year after expanding into the Middle East’s business hub in a joint venture with Dubai Holding.
Global investment banks including JPMorgan Chase & Co. and UBS Group AG are renewing efforts to gauge investor interest in Chinese developer bond sales, in hopes of revitalizing a key business following a yearlong deal drought.
Hong Kong billionaire Joseph Lau has sold dozens of mostly Hermes bags for HK$25.2 million ($3.2 million) in an auction by Sotheby’s.
Mar 29, 2019
BNN Bloomberg
,As part of its 2019 federal budget, Justin Trudeau’s government unveiled a program that aims to address housing affordability across the country.
The plan includes Canadian Mortgage and Housing Corp. (CMHC) providing funds to help reduce mortgage costs for low- to middle-income first-time homebuyers.
Under the First-Time Home Buyer’s Incentive, Ottawa is setting aside $1.25 billion over three years towards so-called shared equity mortgages, which it expects will be used by 100,000 homebuyers. It’s intended to improve housing affordability by reducing the mortgage load for borrowers that would effectively result in lower monthly payments.
While the details aren’t yet clear on how the government will “share” equity in Canadians’ first homes, here’s what we do know:
VANCOUVER
Price: $480,000
What you get: This 462-square-foot studio condominium near Vancouver’s downtown marina offers a rooftop and barbecues for entertaining in the summer. Still, even at this price, this condo doesn’t have in-suite laundry and you’ll have to share your washer and dryer with neighbours.
CALGARY
Price: $480,000
What you get: This two-bedroom, two-bathroom detached bungalow isn’t far from downtown Calgary, according to its listing. The finished basement is also equipped with a kitchen, providing an additional income opportunity for potential buyers.
REGINA
Price: $454,900
What you get: This three-level home has four bedrooms and four bathrooms, and is suitable for a growing family, according to its listing. Location-wise, it’s also within walking distance to schools, a park and bike paths.
WINNIPEG
Price: $454,900
What you get: This brand new three-bedroom, two-bathroom home features an open-concept design with a sleek entranceway, vaulted ceilings, and large windows offering plenty of natural lighting, according to its listing.
TORONTO
Price: $479,900
What you get: This one-bedroom, one-bathroom condo is located just steps away from the CN Tower, according to its listing. It also features a 12-foot ceiling and private balcony that overlooks a quiet courtyard.
MONTREAL
Price: $475,000
What you get: This corner-suite condo in Old Montreal is rustic, yet bright and spacious thanks to high ceilings and towering windows, its listing says. The unit has two bedrooms and two bathrooms.
HALIFAX
Price: $464,900
What you get: This upgraded detached home, featuring three bedrooms and three bathrooms, offers a backyard “oasis,” according to its listing. It is located in the heart of Halifax and near a number of parks, cafes, restaurants and grocery stores.
ST. JOHN’S
Price: $339,900
What you get: This two bedroom home on a corner lot in a trendy neighbourhood, is within walking distance to downtown and is perfect for the young professional, according to its listing. The second room could be used as a home office, and the home also has a courtyard that converts to winter parking.