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China Evergrande Group’s risk management committee plans to hire additional financial and legal advisers to help the embattled developer deal with its debt stress and respond to creditors’ demands.
Speaker Nancy Pelosi said the House is close to finishing legislation to bolster U.S. competition with China and aid the U.S. semiconductor industry that can be merged with a similar Senate-passed bill, a crucial step toward eventual passage by Congress.
(Bloomberg) -- U.S. commercial real estate deals reached a record high of $809 billion last year as the market rebounded from the depths of the pandemic, according to Real Capital Analytics.
The banks have different structures and offerings, but most operate through government or philanthropic donations and target low-income residents with short-term needs.
Depressed housing inventory curbed U.S. sales of previously owned homes at the end of the strongest year since 2006, and a recent spike in mortgage rates risks a further tempering of purchases.
May 10, 2018
There’s another sign that Canada’s second-largest city is the next hot housing market.
The Greater Montreal Area posted the country’s biggest increase in detached luxury home prices in the first quarter, with the median price climbing more than nine per cent to $1,569,515 from the same period in 2017, according to a Royal LePage report released Thursday.
Meanwhile, the median price of a luxury condominium in Montreal rose nearly four per cent year-over-year to $1,247,833, Royal LePage said.
“Compared to other world-class cities, Montreal offers the best real estate value on the planet,” Phil Soper, president and CEO of Royal LePage, said in a release.
“A buyer’s purchasing power is significantly higher in the Greater Montreal Area when compared to other Canadian and international cities.”
Montreal home sales surged 10 per cent year-over-year in April, while condo sales soared 18 per cent, according to data from the Greater Montreal Real Estate Board released earlier this week.
Montreal’s big gains come amid softening demand in Vancouver and Toronto’s detached luxury homes segment, as both buyers and sellers in the country’s hottest housing markets face a number of new federal and provincial housing measures.
In the Greater Toronto Area the median price of a luxury detached home remained relatively flat, down about 0.2 per cent at $3,522,117, while the median price of a luxury condo rose more than 10 per cent to $1,710,365.
The median price of a Greater Vancouver luxury detached home was up 5.2 per cent to $5,792,941 in the same period, while the price of a luxury condo rose seven per cent to $2,503,873.
Royal LePage also said it expects the median price of a detached home in Greater Vancouver will decline three per cent in the first quarter of 2019, compared with the same period this year.Related
