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Jul 31 2019

#Latest real estate news \ #Video

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#Latest real estate news \ #Video, REMMONT.COM

Latest real estate news


Toronto home sales steady ‘at somewhat soggy levels’ in March

CMHC looks to raise extra money for housing outside of billions from Ottawa

BMO to move New York headquarters to former Conde Nast building

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Greg Bonnell

Brookfield said to consider US$2B China property deal

Brookfield said to consider US$2B China property deal

Brookfield Asset Management Inc. is planning to buy a commercial property site in Shanghai for around US$2 billion, according to people familiar with the matter.

Vancouver home sales sink 31.4% in March amid cooling measures

Home sales in the Greater Vancouver Area sank in March to their lowest level for that month in more than three decades.

Here’s what you could buy with the federal budget’s housing plan

Under the First-Time Home Buyer’s Incentive, Ottawa is setting aside $1.25 billion over three years towards so-called shared equity mortgages, which it expects will be used by 100,000 homebuyers. It’s intended to improve housing affordability by reducing the mortgage load for borrowers that would effectively result in lower monthly payments.

B.C. receives two money laundering reports after reviews of real estate, cars

Two reports on money laundering have been delivered to the British Columbia government after reviews aimed at shutting down the problem in real estate, luxury cars and horse racing.

Home ownership elusive for young Canadians who fear going broke

Home ownership elusive for young Canadians who fear going broke

Thirty-two-year-old Daniel Himmel is happy with his current living situation despite not having what many young Canadians dream of achieving: Home ownership.

Liberals seeking to make home-buying more affordable for millennials: Morneau

Pattie Lovett-Reid: Morneau should be cautious in helping millennials buy homes

Sun Life unit nears deal to buy 47-Story Montreal tower

The real estate unit of insurer Sun Life Financial Inc. is close to a deal to purchase a Montreal office tower from two Canadian pension funds for about C$600 million ($450 million), according to people familiar with the plans.

Company News

‘We have heard this song’: BMO’s Porter skewers Eisman’s Canadian banks short

“We would just remind that one of the reasons that housing demand looks so soft in some key markets is because Canadian policymakers have been applying a full-court press for the past two years to dampen activity; the surprise would have been if housing had not cooled,” Porter wrote.​

U.S. housing starts decline most in eight months in February

U.S. new-home groundbreakings fell in February by the most in eight months on a drop in single-family homes, suggesting buyers and builders remain wary despite higher wages and a drop in mortgage rates.

Trudeau’s new housing measures could mute home sales until fall: RBC

New measures for first-time home buyers could keep Canada’s housing market at cooler levels until autumn, according to a report by Royal Bank of Canada.

Toronto housing is a magnet for money launderers, study says

Toronto’s housing market has become a target for money laundering or “snow washing,” thanks to anonymous property ownership, weak regulation and lax enforcement, according to a new study.

House Money

Toronto housing sales slow

Condo renters being pushed out of the market

Women in the real estate industry

Walmart’s Hometown Is America’s Largest Dividend Collector

Arkansas cities and towns don’t usually place at the top of average-income rankings, which tend to be dominated by addresses in California, New York or Florida.

Sidestepping Hudson Yards, Hermès Opens a New Kind of Shop in New York

A more casual way to buy your $150,000 Birkin bag.

Technology

Company News

Amazon Go faces unlikely challenge from checkout-free startup

Sensei, a 16-month-old technology company based in Lisbon that’s backed by Germany’s Metro AG and Portugal’s Sonae SGPS SA, is pitching its technology to European supermarkets as they race the e-commerce giant to open the region’s first checkoutless stores.

Los Angeles Is Having a Loud Economic Boom

From home values to share prices, its expansion is outpacing big-city peers under a business-friendly Democratic mayor.

One-Man Equity Shop Returns 256% Since 2012 Without FAANGs

Jonathan Tanne first heard about Amarin Corp.’s fish-oil pill in 2016. He met its chief executive officer, spoke to cardiologists and parsed academic papers before deciding in 2017 the company was onto something. He gradually built up a position in the stock. Then in 2018, it popped 239 percent as a study showed the drug helped reduce the risk of heart attack and stroke.

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