Donald Trump lost his bid to prevent testimony from a porn star and a Playboy model at the former president’s criminal trial in New York, where he’s accused of falsifying business records related to hush-money payments before the 2016 election.
The Bank of Japan is poised to end on Tuesday its yield curve control policy as well as purchases of riskier assets such as exchange-traded funds, Nikkei reported, without saying where it got the information.
Creditors of the two main property units in Rene Benko’s Signa conglomerate backed plans to sell off assets as part of a restructuring that’s expected to recoup about 30% of their money.
China Evergrande Group, the defaulted developer at the heart of China’s real estate crisis, falsely inflated revenue by more than $78 billion in the two years leading up to its failure, according to the nation’s top securities regulator.
European stocks edged lower, with investors wary of taking the index much higher before this week’s interest rate decisions in the US, Britain and Japan.
Toronto home prices inch up as TREB calls for stress test review
Noah Zivitz , BNN Bloomberg
A sold sign is shown in front of west-end Toronto homes Sunday, May 14, 2017.
, The Canadian Press
Home prices inched higher in Canada's largest real estate market last month even as sales activity cooled.
The average selling price across the Greater Toronto Area rose 1.6 per cent year-over-year in February to $780,397, according to data released by the Toronto Real Estate Board on Tuesday. The price appreciation was even greater when compared to January's average price of $748,328.
TREB said in a release that Toronto’s housing market became tighter in February because new listings fell more sharply (6.2 per cent) than the slowdown in sales. Just over 5,000 homes in the region traded hands in February, marking a 2.4 per cent decline from a year earlier.
“The [Office of the Superintendent of Financial Institutions] mandated mortgage stress test has left some buyers on the sidelines who have struggled to qualify for the type of home they want to buy. The stress test should be reviewed and consideration should be given to bringing back 30-year amortizations for federally insured mortgages," said TREB President Garry Bhaura in a release.
WEIGH IN
What’s having the biggest effect on previously-hot housing markets?