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(Bloomberg) -- Boston officials are proposing that all big private development projects be required to report on how many women and people of color will work on them, a plan they called the first of its kind in the US.
Canadian homes could lose as much as a quarter of their value as market declines set off by rapidly rising interest rates play out much faster than anticipated, according to Desjardins Securities Inc.
The most reliable way in is a club membership that costs $200,000. So here’s an exclusive peek inside—it may be the only chance you get.
(Bloomberg) -- It’s harder than ever to afford a home in the US, with higher mortgage rates claiming a bigger share of incomes and prices still rising at double-digit rates across most of the country.
US Senator Elizabeth Warren rebuked Federal Reserve Chair Jerome Powell for withholding information on trading by central bank officials during the pandemic and said an investigation into the matter by the Fed’s inspector general was “troubling.”
Sep 3, 2020
, BNN Bloomberg
Home prices in Canada's largest housing market set a new record for a third consecutive month in August as the rebound in home-buying activity continued after an initial lull at the onset of the COVID-19 pandemic.
The average selling price across the Great Toronto Area rose 20.1 per cent year-over-year last month to $951,404, according to data released Thursday by the Toronto Regional Real Estate Board (TRREB). That figure eclipses the previous record of $943,710, established in July
Gains were most substantial in the detached property market, with the average selling price up 19.9 per cent to almost $1.2 million.
Total home sales soared 40.3 per cent year-over-year as 10,775 properties traded hands. While that was a record for the month of August, it was down nearly 300 from July’s total.
Activity in the condo market lagged other home types last month, with sales up 10.9 per cent and prices advancing 9.5 per cent
“Increased demand for ownership housing has been based on improving economic conditions, in terms of monthly GDP growth and job creation, and the continuation of very low borrowing costs,” said TRREB president Lisa Patel in a release.
“In addition, fewer households have chosen to go on vacation as a result of COVID-19 and instead have remained in the GTA and been active in the housing market, satisfying pent-up demand from the spring.”
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