Latest Videos
The information you requested is not available at this time, please check back again soon.
Global creditors are bracing for a long-drawn battle to recover money from China’s troubled developers, as a property meltdown continues to roil the nation’s $735 billion offshore bond market for a third straight year.
The slump in South Korea’s property market may lead to defaults on project-financing loans, but policymakers have put in place measures to cope following an unexpected credit crunch last year, according to the nation’s financial watchdog chief.
After a surge of Canadians rushed to buy lakeside cottages and cabins at the start of the pandemic, demand for recreational properties is expected to dip this year as buyers wait for more inventory and economic stability, according to a new report.
Home prices have fallen below the national average in 14-out-of-20 regional housing markets, according to a report by Zoocasa. Here are the most affordable housing markets in Canada right now.
Last month, Chelsea Hunt and her husband concluded that the cost of living had skyrocketed to a point where they could no longer afford to stay in their apartment and needed to move.
Feb 1, 2023
The Canadian Press
The Calgary Real Estate Board says January's new listings fell to a level not seen since the last 90s as home sales declined 40 per cent from the year before.
The Albertan board says new listings for the month amounted to 1,852, a 25 per cent drop from January 2022.
Meanwhile, home sales totalled 1,199 compared with 2,004 in the January prior.
The board attributed the slowdown to higher lending rates that are causing many buyers to seek out lower-priced homes and preventing some from upgrading to other properties.
The average price of a home in the region hit $508,189 in January, a less than one per cent drop from a year ago.
However, the benchmark price of $520,900 was five per cent higher than January 2022.
This report by The Canadian Press was first published Feb. 1, 2023.
Related
