Real Estate Pain Is Showing Up in an Obscure Investment Product
An obscure investment product used to finance risky real estate projects is facing unprecedented stress as borrowers struggle to repay loans tied to commercial property ventures.
Latest Videos
The information you requested is not available at this time, please check back again soon.
An obscure investment product used to finance risky real estate projects is facing unprecedented stress as borrowers struggle to repay loans tied to commercial property ventures.
When Ken Griffin left Chicago, the billionaire listed several of his high-end properties in the Gold Coast, the city’s most exclusive neighborhood.
Vietnamese prosecutors sought the death penalty for real estate tycoon Truong My Lan, indicted in a $12 billion fraud case for her role in bribing government officials, violating bank lending rules and embezzling funds, VnExpress news website reported.
Bank of America Corp. is cutting some office space in its headquarters in Hong Kong’s Central district, according to people familiar with the matter, underscoring the headwinds for the city’s commercial landlords.
One word echoed across trading floors from Tokyo to Singapore as the Bank of Japan raised rates for the first time in 17 years — ‘finally’.
Aug 6, 2019
The Canadian Press
MONTREAL - Summer vacations haven't dampened demand in Greater Montreal's real estate market which saw sales grow by 16 per cent to a new sales record in July.
The Quebec Professional Association of Real Estate Brokers says residential sales hit 3,698 for a 53rd consecutive monthly increase.
Sales of single-family homes and condominiums climbed 16 per cent to 2,012 and 1,313 respectively. Plexes with two to five dwellings increased 23 per cent to 368.
All six main areas of the Montreal Census Metropolitan Area saw significantly higher sales with Saint-Jean-sur-Richelieu growing by 75 per cent and Laval increasing 48 per cent.
The median price of single-family homes increased six per cent to $357,000 with prices on the island of Montreal up 11 per cent to $518,750. Condominiums were up five per cent to $278,600 and plexes gained 10 per cent to $583,000.
The number of active listings decreased 20 per cent to nearly 17,000 as the number of new listings were stable.