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Bloomberg LP struck an 11-year lease extension with Alexander’s Inc. for its global headquarters in New York.
Josh Bauers has long had his sights set on the town dump in Millburn.
China’s technology hub of Shenzhen has joined other major cities in easing home buying rules as authorities try to revive the beleaguered real estate market.
Steward Health Care System LLC filed for bankruptcy early Monday as it’s finalizing a rescue loan with landlord Medical Properties Trust Inc.
Chinese shares and the onshore yuan climbed on their return from a holiday, with sentiment boosted by Beijing’s supportive policy stance.
Jan 16, 2024
BNN Bloomberg
,The price of rent in Canada rose 7.7 per cent year-over-year in December, according to Statistics Canada.
December’s increase followed a 7.4 annual rise in November.
Rent was among the major accelerating factors on the overall Consumer Price Index (CPI) for the month, which was up 3.4 per cent annually.
StatCan noted that the high-interest-rate environment has driven up the cost of home ownership and put pressure on the rental market as a result.
Ontario and British Columbia contributed the most to the increase in rent prices, with price increases of 6.9 per cent and 8.6 per cent, respectively.
Meanwhile, Prince Edward Island reported an annual decline in rent prices of -0.9 per cent.