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The Upper West high-rise overlooking Berlin’s bustling Kurfürstendamm shopping boulevard is one of many glittering trophies in the portfolio of Rene Benko’s collapsing Signa, but its robust valuation reflects how much pain is in store in the cleanup of the real estate empire.
Housing prices in Sweden have resumed a decline as the Nordic nation’s economy is in a recession and borrowing costs continue rising.
Real estate finished November as the second best performing group in the S&P 500 Index adding 12%, trailing slightly behind tech’s 13% gain. The momentum was fueled by bets the central bank may begin cutting rates as early as next year.
Mexican industrial real estate trust Fibra Next is unlikely to carry out its highly anticipated initial public offering until early next year, according to people familiar with the process.
The Calgary Real Estate Board says the city saw 1,787 home sales in November, marking an 8.8 per cent increase compared with the same month last year as the ratio of sales to new listings remained high at 80 per cent.
Mar 4, 2020
, BNN Bloomberg
Canada's largest housing market has posted another month of double-digit home price growth as the number of properties available for purchase continues to dwindle.
Home sales surged 45.6 per cent year-over-year across the Greater Toronto Area in February as 7,256 homes traded hands, according to data released Wednesday by the Toronto Regional Real Estate Board.
Staying true to a recent trend, active listings plunged 33.6 per cent year-over-year.
The combination of surging sales and a sharp decline in options for prospective homebuyers bumped the average selling price up 16.7 per cent to $910,290.
"Sales growth well in excess of listings growth is once again the norm. This is because the temporary effects of the 2017 Ontario Fair Housing Plan and the OSFI mortgage stress test have largely worn off," TRREB Chief Executive Officer John DiMichele said in a release.
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