Asian Shares to Be Pressured, Chipmakers in Focus: Markets Wrap
Asian stocks were mixed at the open after US shares extended their losing streak to the longest since January.
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Asian stocks were mixed at the open after US shares extended their losing streak to the longest since January.
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.
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.
Mar 6, 2018
The Canadian Press
MONTREAL -- The Greater Montreal Real Estate Board says home sales in the region grew five per cent year-over-year in February, as the number of active listings dropped 17 per cent.
A total of 4,081 residential sales were made last month across the city's census metropolitan area, marking the 36th straight increase and the busiest month of February since 2012.
As was the case in 21 of the past 24 months, condominiums registered the largest increase in sales, jumping by 14 per cent.
Single-family homes and plexes posted small increases of one per cent and three per cent, respectively.
The median price of single-family homes across Greater Montreal was $310,000 last month, up six per cent year-over-year, while plexes reached $481,500, a one per cent increase.
As for condominiums, the median price grew by five per cent last month, with half of all units selling for more than $250,000.
The real estate board says acceleration in price growth is a direct result of increasingly tighter market conditions.