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Residents question legality, science of sterilizing apartments as President Xi Jinping’s pandemic policy meets waves of resistance
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Residents question legality, science of sterilizing apartments as President Xi Jinping’s pandemic policy meets waves of resistance
A sudden shift in the choreography between stocks and bonds is evidence investors no longer consider inflation their biggest bugaboo.
More details on the long-teased eatery include a drive-in movie theater.
(Bloomberg) -- Florida’s legislature will address the deadly 2021 collapse of a condominium building in Miami-Dade county in a special session convened earlier this week to stabilize the state’s struggling homeowners’ insurance industry.
(Bloomberg) -- Suffolk Downs, the thoroughbred racetrack in East Boston that operated for more than 80 years before shutting in 2019, is slated to be converted into a massive mix of housing, commercial and lab space that’s being billed as the biggest single private development in city history.
May 4, 2021
BNN Bloomberg
,Runaway home-price growth in Canada's largest housing market stalled last month amid signs prospective homebuyers could be tapped out.
There were 13,663 property sales across the Greater Toronto Area in April, according to data released Wednesday by the Toronto Regional Real Estate Board (TRREB). While that represents a 362 per cent surge compared to a year earlier, when activity was decimated at the onset of the pandemic, it was a sequential drop of almost 13 per cent compared to sales logged in March.
It was a similar story for the average selling price in April, which surged 33 per cent year-over-year to $1,090,992 -- marking a modest downturn from the record that was set in March.
"It makes sense that we had a pullback in market activity compared to March. We’ve experienced a torrid pace of home sales since the summer of 2020 while seeing little in the way of population growth. We may be starting to exhaust the pool of potential buyers within the existing GTA population. Over the long term, sustained growth in sales requires sustained growth in population,” said TRREB President Lisa Patel in a release.
Across the four major home categories tracked by TRREB, only condos and semi-detached properties bucked the price trend by posting region-wide sequential price growth. Meanwhile, the average price of a coveted detached home in the City of Toronto slipped almost three per cent to $1,699,756.