President Joe Biden called China “xenophobic” while highlighting the Asian nation’s economic woes, as he sought to make the case for US economic strength during a campaign stop in the swing state of Pennsylvania.
Stocks in Asia rose Thursday as pushback from authorities against a stronger dollar helped stabilize currencies and restored a sense of confidence in the region’s financial markets.
Freddie Mac is seeking regulatory approval to expand into guaranteeing second mortgages, a shift that would potentially drive down costs for Americans seeking to borrow against the equity in their home.
The US economy has “expanded slightly” since late February and firms reported greater difficulty in passing on higher costs, the Federal Reserve said in its Beige Book survey of regional business contacts.
The City of London approved a plan to build a new office block connected to the Grade 2 listed Barbican Centre on Wednesday, despite opposition from residents.
How Canada’s most expensive homes compare to America’s priciest mansion
Laura Woodward, BNN Bloomberg
US$250 million Bel-Air mansion
, Bruce Makowsky/BAM Luxury Development
The most expensive U.S. home ever listed for sale has hit the market for US$250 million and was unveiled Friday by luxury developer Bruce Makowsky. The mansion, located in Los Angeles, isn’t the first record-breaking home for the developer. After completing the sale of his $70 million spec home in Beverly Hills, Makowsky was dubbed the ‘Spec King.’
Bel-Air, Los Angeles
Price tag: US$250 million
Specs: 12 bedrooms, 21 bathrooms
The new 38,000-square-foot Bel-Air home features two master suites,10 guest suites, 21 bathrooms, three kitchens, five bars, a 40-seat theatre and a four-lane bowling alley.
But Canada’s priciest homes have nothing on this Bel-Air mansion. The country’s most expensive listing, according to Royal LePage, is a fraction of the cost of the L.A. home.
BNN.ca has compiled Royal LePage’s most luxurious listings:
Oro-Medonte, Ont.
Price tag: $13 million
Specs: Five bedrooms, six bathrooms
Features: Waterfront of Kempenfelt Bay and infinity pool with swim-up bar
Victoria, B.C.
Price tag: $12 million
Specs: Three bedrooms, four bathroom
Features: 97 acres overlooking Martindale Valley
West Vancouver, B.C.
Price tag: $11.98 million
Specs: Six bedrooms, eight bathrooms
Features: View of Vancouver Islands and wine room
West Vancouver, B.C.
Price tag: $11.88 million
Specs: Five bedrooms, seven bathrooms
Features: Grand spiral staircase and a wrap around front balcony