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Chinese developers led stock gains in Shanghai and Hong Kong after regulators said their funding needs are being met, soothing concerns over tight policies that have made industry giants like China Evergrande Group suffer.
China Evergrande Group is set to resume trading Thursday after the cash-strapped developer terminated discussions to sell its property-management arm, a deal that would have given it a major cash infusion.
It might be tempting for homebuyers to choose a cheaper variable mortgage rate over a fixed rate right now, but one mortgage expert warns those buyers might be “rolling the dice” – especially if the Bank of Canada is forced to hike its benchmark interest rate sooner than expected.
(Bloomberg) -- U.S. homebuilders are calling on the Biden administration to temporarily lift tariffs on China and Canada to ease supply-chain bottlenecks that are hurting housing affordability.
The Japanese conglomerate is in a deep hole that will be tough to climb out of.
Aug 11, 2017
BNN Bloomberg
Toronto’s housing market may have started to cool in recent months, but there are still plenty of expensive properties available for purchase.
Home sales across the Greater Toronto Area tumbled 40.4 per cent year-over-year in July, according to the Toronto Real Estate Board. The average selling price was $746,218 last month – almost 19 per cent below April’s peak of $920,791. But that’s still five per cent above year-ago levels.
Real estate portal Point2 Homes compiled a list of the priciest homes currently up for grabs in the GTA, using its own database in addition to information from other national portals.
“Toronto definitely has a lot to offer when it comes to high-end living. We wanted to dive into the hottest luxury real estate market in Canada today and see what extravagant housing is all about,“ Matthew Haines, vice president of Point2 Homes, said in a release.
For a look inside the city’s luxury market, here’s the list of Toronto’s most expensive homes up for sale:
1. 50 Yorkville Avenue - Penthouse
Price: $36,000,000
Features: 4 bedrooms, 9 bathrooms, wine cellar, library, home theater
2. 68 The Bridle Path
Price: $35,000,000
Features: 10 bedrooms, 14 bathrooms, tennis court with night lights, sauna, fitness center, elevator
3. 10 Highland Avenue
Price: $22,000,000
Features: 6 bedrooms, 11 bathrooms, inground pool, library, guest suite with full kitchen
4. 16 High Point Road
Price: $19,380,000
Features: 10 bedrooms, 13 bathrooms, ballroom, theatre
5. 61 The Bridle Path
Price: $17,880,000
Features: 6 bedrooms, 10 bathrooms, spa, formerly owned by Prince, 7-car garage, outdoor pool, beauty salon
6. 124 Park Road
Price: $17,700,000
Features: 5 bedrooms, 9 bathrooms, coach house with direct access to main house, was home to former Toronto Mayor George Geary from 1920s to 1950s
7. 46 Forest Hill Road
Price: $16,800,000
Features: 7 bedrooms, 10 bathrooms, games room, wine room, gym
8. 229 Dunvegan Road
Price: $16,000,000
Features: 5 bedrooms, 10 bathrooms, 5 fireplaces, 2 terraces, home theatre
9. 20 High Point Road
Price: $15,000,000
Features: 6 bedrooms, 10 bathrooms, 2 double garages, dance floor, party and games room, sauna, tennis court
10. 6 The Bridle Path
Price: $14,980,000
Features: 7 bedrooms, 10 bathrooms, outdoor entertaining areas, home theatre, rec room, wine cellar with tasting room, outdoor pool
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