UK House Prices Under Threat As Traders Pare Back Rate Cut Bets
The UK housing market recovery is threatened by investors scaling back bets on how far the Bank of England will cut interest rates, according to a new report.
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The UK housing market recovery is threatened by investors scaling back bets on how far the Bank of England will cut interest rates, according to a new report.
US mortgage rates increased to the highest level in five months, pushing down home-purchase applications for the fifth time in the last six weeks.
The daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore, adding to the list of wealthy people seizing buying opportunities during the market lull.
A rash of failures of A-rated insurers points to a hidden weakness in the market, researchers say.
A new book by University of Virginia professor Andrew W. Kahrl argues that the country has weaponized tax collection against its citizens for more than a century.
Oct 7, 2016
Reuters
,TORONTO - The Canadian government is closely monitoring the country's housing market, which some analysts fear is overheated, Prime Minister Justin Trudeau said on Friday.
"It's something that we are never finished doing, we continue to work very closely with all partners to ensure that Canadians have confidence in their homes and in the future," Trudeau said during a news conference before a Reuters Newsmaker event in Toronto.
The federal Liberal government, which took power late last year, said on Monday it would tighten mortgage rules and close a tax loophole on home sales, seeking to rein in both foreign investors and indebted consumers.
Although housing markets in the major cities of Toronto and Vancouver have boomed in recent years, growth elsewhere has been more moderate, posing a challenge for federal policymakers seeking a possible national solution.
The measures that Ottawa announced on Monday are designed to affect foreign investors, who many have blamed for soaring prices in Vancouver and Toronto.
Home sales in the greater Toronto Area jumped 21.5 per cent in September from a year ago and prices climbed at a similar pace, data showed on Wednesday.
"I think the important messages is one of stability and responsible action that will ensure that Canadians can continue to have confidence in their investments in their homes," Trudeau said.