Sweden’s Economy Keeps Shrinking for a Fourth Straight Quarter
Sweden’s economy posted a fourth consecutive quarter of contraction as interest-rate cuts that could spur activity in the largest Nordic nation are yet to materialize.
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Sweden’s economy posted a fourth consecutive quarter of contraction as interest-rate cuts that could spur activity in the largest Nordic nation are yet to materialize.
Brookfield Asset Management bought a controlling stake in a Dubai-based firm’s real estate unit, securing a slice of prime warehousing space in one of the world’s hottest commercial property markets.
Message to bond underwriters: Some big customers are sizing up your ESG credentials.
Greater China’s property market crisis and the challenges it poses for lenders will be on full display on Monday, when embattled developer China Vanke Co. and the region’s biggest banks report earnings.
Hong Kong’s benchmark equity index headed for a technical bull market as a surge in Chinese property shares gave more impetus to this month’s stellar rebound.
May 14, 2019
BNN Bloomberg
,The demand for housing in Canada may be stronger than official data suggests, according to CIBC Capital Markets Deputy Chief Economist Benjamin Tal.
Tal told BNN Bloomberg housing demand may be underestimated because post-secondary students are being undercounted in relation to how many households are being formed.
“We need to know whether or not we are building too much or too few houses. It’s not clear, quite frankly, if you look at the overall situation,” Tal said in an interview Tuesday, arguing data that’s collected by Statistics Canada and the Canada Mortgage Housing Corporation is incomplete.
“Regardless of who measures it, we are undercounting, because we don’t take into account students – and that’s very important.”
Tal said incorrectly counting the number of students who live outside of their parents’ home for the majority of the year is problematic because it doesn’t provide a true sense of supply and demand in the country’s housing market.
He stressed it’s “extremely important” to get the data right in order to ensure the country builds an appropriate amount of homes.
“When you look at supply, you also need demand,” Tal said. “If demand is measured inaccurately, that’s a major issue because then supply will be inaccurate. So we have to be careful here – you don’t want to build too much, you don’t want to build too little – you want to make sure that we are just right.”