Banks Warn of Growing Energy-Related Risks in Mortgage Portfolios
Across Europe, banks are trying to figure out how to handle a growing risk lurking in residential mortgage portfolios: energy consumption.
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Across Europe, banks are trying to figure out how to handle a growing risk lurking in residential mortgage portfolios: energy consumption.
South Korea’s top financial watchdog attempted to revive optimism over the nation’s corporate reform initiatives to investors in New York while soothing concerns over the short-selling ban.
Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy.
Big US bond investors have been aggressively shifting money into long-dated notes, betting that the unloved asset class will be one of the winners from eventual interest rate cuts.
A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year.
Dec 22, 2016
The Canadian Press
TORONTO - The Building Industry and Land Development Association says the Greater Toronto Area's supply of newly constructed homes last month hit its second-lowest level since it began tracking that data about 15 years ago.
The group says there were 15,184 new homes in builders' inventories last month -- about half of the 31,150 that existed exactly 10 years ago.
The lowest recorded inventory level in at least 15 years was set in August of this year, at 15,100.
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The shortage of housing units available to buy -- especially fully detached, single-family houses -- has been cited by the Canadian Real Estate Association and Toronto Real Estate Board as one factor behind soaring real estate prices.
That is supported the association's report, which says the average price for newly built detached houses in the GTA hit $1.23 million in November, 27 per cent higher than during the same month last year.
The average price of new condos reached $493,137 in November, up 10 per cent from a year earlier.