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Former Bank of Canada Governor David Dodge said the increase in spending in the federal government’s new budget will make the central bank’s battle against rising prices more difficult.
Sales of previously-owned homes in the US fell in March from a one-year high, underscoring the lingering impact of high mortgage rates and elevated prices.
Mortgage rates in the US climbed past 7% for the first time this year.
Mortgage shopping isn’t getting much easier these days.
Blackstone Inc. collected more fees from big retail funds and credit strategies during the first quarter, compensating for the slower pace of deal exits.
Jan 19, 2022
, Bloomberg News
(Bloomberg) --
U.K. home rental costs rose 1.8% last year, the fastest annual pace in 3 1/2 years, adding to a squeeze on the budgets of consumers.
The figures from the Office for National Statistics showed gains accellerating from 1.7% in November. Rents dropped 0.1% in London, a phenomena the ONS said reflects remote working, with fewer people expecting to continue a five-day-a-week commute after the pandemic.
Britain’s consumers are bracing for a surge in taxes and energy bills due to hit in April -- on top of the strongest inflation in 30 years.
Read more: U.K. Inflation Surprises With Jump to Highest in 30 Years
London rents were the weakest of any U.K. region, with areas outside the urban centers doing better.
Separate data from the U.K. Land Registry showed house prices rose 1.2% in November from the previous month, with an annual increase of 10%. Again, London saw the slowest monthly growth of all English regions.
©2022 Bloomberg L.P.
