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The Real Estate Board of Greater Vancouver says home sales ticked up last month as the continued increase of newly listed properties has given prospective homebuyers in the region among the largest selection to choose from since 2021.
Canada’s Groupe Mach Inc. is acquiring residential properties with close to 2,000 units as part of a deal that will see it take over $415 million of mortgages from a crumbling real estate entity.
Plunging US home sales are having a ripple effect on consumer spending, as fewer Americans are moving into houses that need to be outfitted with furniture and appliances.
Hungary’s government said it plans to develop what it bills as a new, “Dubai-style” hub around a partly disused railway station in Budapest for an estimated €6 billion ($6.5 billion) using mostly foreign funding.
Denmark’s central bank governor called on regulators to implement additional capital requirements on banks’ real estate exposures before potential problems materialize.
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