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5:27

The cost of a single-detached house in the GTA shot up in the first quarter of 2023

A new report from the real estate website Zoocasa, sourcing data from the Toronto Regional Real Estate Board, found first-quarter single-detached home prices in the Greater Toronto Area climbed in every area except Dufferin County, while prices in the City of Toronto and the Halton Region climbed, 14.95 per cent and 14.46 per cent, respectively.
Tycoon Benko Sells Austrian Furniture Stores to Boost Cash

Billionaire Rene Benko’s property and retail company sold Austrian furniture stores to boost cash to fund development projects amid a crunch in commercial property prices and a squeeze on lending. Bonds issued by his conglomerate rallied.
Vietnam Builders Halt $34 Billion Projects as Crisis Lingers

Vietnam builders have suspended more than 1,200 real estate projects worth 800 trillion dong ($34 billion) as funding woes continue to beset the industry.
UK House Prices Resume Decline With Warning of Headwinds

UK house prices resumed their decline, with Nationwide Building Society warning that headwinds for property sellers are increasing.
UK Mortgage Lending Unexpectedly Falls After Interest Rate Hikes

UK mortgage approvals fell unexpectedly, and borrowers repaid debt at a historic pace after soaring interest rates increased the cost of serving loans.

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