A Canada Mortgage and Housing Corp. report has found the COVID-19 pandemic was no match for Canada's real estate market, which saw prices and sales soar in several major cities during the health crisis.
Mortgage rates in the U.S. jumped to the highest level in six months.
A gauge of U.S. pending home sales fell to a six-month low in January as buyers competed for a limited number of properties.
Carlyle Group Inc. has hired Roger Cozzi as head of real estate credit, as the asset manager expands in the space citing increased opportunities and strong investor interest.
Good news about vaccines and rallying financial markets suggest the end of the coronavirus pandemic is in sight, but the worst may still be to come for commercial properties.
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