Chinese Stocks, Yuan Primed for Gains on Return From Holidays
Chinese shares and the onshore yuan climbed on their return from a holiday, with sentiment boosted by Beijing’s supportive policy stance and signs of a continued consumption recovery.
Latest Videos
The information you requested is not available at this time, please check back again soon.
Chinese shares and the onshore yuan climbed on their return from a holiday, with sentiment boosted by Beijing’s supportive policy stance and signs of a continued consumption recovery.
A Chinese program providing state guarantees to developer bonds will be put to the test this week, when payments come due from one of the most indebted builders.
Australia’s central bank will likely keep its key interest rate at a 12-year high and stick with it for much of the year to restrain inflationary pressures underpinned by a surprisingly tight job market.
Households go backwards in 13 developed economies as record immigration runs into a housing crisis.
Bond traders welcomed their first clear sign of a cooling US labor market, but it’s only a part of what’s needed to fire up the truly sweeping rally they’ve been hoping for all year.
Mar 2, 2021
The Canadian Press
VANCOUVER - The Real Estate Board of Greater Vancouver says the market is heating up so fast that home sales in the region doubled between January and February and have climbed by more than 70 per cent since last year.
The board says February sales in the B.C. region totalled 3,727, a 73.3 per cent increase from the 2,150 sales recorded the year before and a 56 per cent spike from the 2,389 homes sold the month before.
February sales were so strong that REBGV says they were 42.8 per cent higher than the month's 10-year sales average.
The board says the region saw 5,048 new listings in February, up from 4,002 the year prior.
The MLS home price index composite benchmark for all residential properties in Metro Vancouver reached just over $1 million in February, a 6.8 per cent increase.
REBGV says the market is shifting in favour of sellers because housing supply listings aren't keeping up with the demand and competition among homebuyers is pushing up prices.