Chinese City of Chengdu Relaxes Home-Buying Rule to Revive Sales
Chengdu, a major city in the southwest China, removed home-buying curbs, joining dozens of peers in the country in an attempt to revive real estate demand and boost economic growth.
Latest Videos
The information you requested is not available at this time, please check back again soon.
Chengdu, a major city in the southwest China, removed home-buying curbs, joining dozens of peers in the country in an attempt to revive real estate demand and boost economic growth.
China Vanke Co. made a rare response to Moody’s downgrade last week, citing support from financial institutions and its biggest shareholder.
Billionaires who built their fortunes rolling out wireless networks when debt cost almost nothing are seeing their wealth crimped by higher borrowing costs and caution among money managers on the outlook for the industry.
Above and beyond the obvious damage, wildfires levied a hidden cost on the finance industry: Mortgage lenders and investors lost more than $30 billion between 2020 and 2022, due to both accelerated defaults and prepayments following disastrous blazes.
Crown jewels including resorts and a gas station chain are up for grabs. Saudi Arabia mulls purchases.
Feb 24, 2021
The Canadian Press
OTTAWA - Most homeowners who sought deferrals for mortgages last year have seen their deferral periods end, but the Canada Mortgage and Housing Corp. says the risk of these borrowers falling into arrears could re-emerge.
The federal housing agency says in a report that more than 25 million homeowners with mortgages insured by CMHC sought payment deferrals between last March and September, but by the end of that period almost 65 per cent of the deferrals had ended.
CMHC says slightly more than 67 per cent of the deferrals ended on time, while almost 33 per cent finished early.
The data shows about 85 per cent of the mortgage deferrals still active after Sept. 30 were scheduled to expire in October and almost 10 per cent were due to end by the start of 2021.
Only six per cent of mortgage deferrals sought between last March and September were due to finish in 2021.
CMHC says as deferral options expire, the risk of these mortgages entering arrears could emerge again, but the report did not quantify that risk.