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Former Bank of Canada Governor David Dodge said the increase in spending in the federal government’s new budget will make the central bank’s battle against rising prices more difficult.
Sales of previously-owned homes in the US fell in March from a one-year high, underscoring the lingering impact of high mortgage rates and elevated prices.
Mortgage rates in the US climbed past 7% for the first time this year.
Mortgage shopping isn’t getting much easier these days.
Blackstone Inc. collected more fees from big retail funds and credit strategies during the first quarter, compensating for the slower pace of deal exits.
Sep 30, 2020
, Bloomberg News
(Bloomberg) -- Singapore home prices rose in the third quarter, as low interest rates and government stimulus helped the property market weather the city-state’s worst recession.
Property values increased 0.8% in the three months ended Sept. 30, according to the Urban Redevelopment Authority’s preliminary estimate released Thursday. Prices rose 0.3% in the previous quarter.
“Stimulus measures and past property curbs may have played an instrumental role in keeping home prices up amid the current economic headwinds.” said Christine Sun, head of research and consultancy at OrangeTee & Tie.
©2020 Bloomberg L.P.
