
China Property Slide ‘Early’ in Game After $1 Trillion Defaults
Charlene Chu, famed among China watchers for warning about a debt bubble when at Fitch Ratings, says that pain is only just beginning for credit extended to Chinese property.
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Charlene Chu, famed among China watchers for warning about a debt bubble when at Fitch Ratings, says that pain is only just beginning for credit extended to Chinese property.
(Bloomberg) -- Signs are mounting that China’s economy shrank in the second quarter for the first time since 2020, placing the nation’s official statistics under fresh scrutiny as analysts bet the government will avoid acknowledging that slump.
The Quebec Professional Association of Real Estate Brokers says June's Montreal home sales dropped 11 per cent since the same time last year, but the market is still favouring sellers.
Residential mortgage debt grew last year by the fastest pace since 2008 says a new report from CMHC
Downtown Toronto’s office-vacancy rate hit a record in the second quarter as fears of a slowing economy and the persistent popularity of remote work curtailed appetites for new space.
Feb 4, 2020
The Canadian Press
VANCOUVER -- Sales remained steady while fewer people put their homes on the real estate market in Metro Vancouver last month.
The Real Estate Board of Greater Vancouver reports residential home sales in January were 7.3 per cent below the 10-year average but still more than 42 per cent higher than sales during January 2019.
Board president Ashley Smith says 2020 began with fewer homes listed for sale than is typical for this time of year, but she says there was steady demand for the listings.
The spring market is usually more active and Smith says the board will be watching to see if home listings keep pace with demand.
Apartment sales jumped to 814 units last month, a 45.6 per cent increase compared with January last year, while the benchmark price slipped 1.5 per cent to $663,200.
The benchmark price for a detached home in Greater Vancouver also fell in January by 1.7 per cent to just over $1.43 million.