Are foreign buyers using the Canadian housing market as a 'piggy bank'? This bank CEO says yes

Industry watchers love to debate how much foreign buyers have a role to play in Canada's hottest housing markets. But according to one bank CEO, Canadians should say “no thank you” to foreign investment in real estate. “We do not need foreign capital using Canadian real estate as a piggy bank,”
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Divorce is a multibillion-dollar industry in L.A. When a well-heeled couple splits, an army of attorneys, estate planners, consultants and wealth managers is mobilized. A couple's real estate ends up being among the most contentious issues in a divorce battle: Who gets to keep the chalet in Aspen?
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Dallas-based real estate brokerage and advisory firm — esrp, formerly E Smith Realty Partners — has decided to move its Dallas headquarters and offices to The Star in Frisco overlooking the Dallas Cowboys practice fields. esrp, along with nearly 50 employees, will move into its new offices on the third
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It is time to put to rest the fictional accounting that condemns Fannie Mae and Freddie Mac to perpetual status as wards of the state awaiting dismantlement. Both have reached their “10 percent moment,” removing a perceived barrier to long-term reform of the government sponsored enterprises (GSE).
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Accra, March 7, GNA – President Nana Addo Dankwa Akufo-Addo, Wednesday, urged the banks to reduce their lending and interest rates to allow small and medium enterprises that depend on loans to thrive in the domestic commercial competition. The President said though the inflation rate had
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BidaskClub upgraded shares of Mantech International (NASDAQ:MANT) from a hold rating to a buy rating in a research report sent to investors on Tuesday. MANT has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Mantech International from a hold rating
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Construction is slated to be completed by the end of 2019. Brad Domenico of Progress Capital secured the construction-to-permanent mortgage loan with 24 months of interest-only at a floating rate of LIBOR plus 3.5 percent. The borrower has the option to convert the loan to a permanent mortgage upon
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And, if we are to give substantial complement to the vision that we all share, as a Ghana free and globally competitive economy, my challenge to you is to complement the efforts of my government, which is creating a more stable macro-economic framework, by bringing down lending rate,” he said.
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Never in his years of eating Chinese food has Stephen Browning opened a fortune cookie that mentioned fishing, let alone tell him he would do well fishing. That all changed Friday night, after he had climbed back into the Bass Pro Shops Central Open at Ross Barnett. The Hot Springs, Ark., pro was
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“Being associated with a larger title company like Security 1st Title will help us move into the future,” he said. “We want to constantly raise the bar and get better.” It's not surprising for a man whose family lineage in the firm stretches back to a day in 1871 when E.S. “Ed” Hannaford joined E.R. Trenner in
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A household's highest affordable price is its maximum buying power, with a 20% mortgage down payment. An affordability score of 100 means that the affordable and actual prices are exactly the same; a score of 100 or higher means housing is affordable, and under 100 means it is not affordable.
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Nearly half (49%) of current or former credit cardholders admit to letting someone else use their personal card, with 35% of those noting an unfavorable outcome. Younger adults are most likely to be negatively affected. Half of Millennials (ages 18-37) who loaned their credit card faced a negative result,
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The Scottish real estate sector has had a £2.4bn valuation placed on its annual direct economic impact. The Fraser of Allander Institute found it directly supports 49,000 jobs – and much of the construction industry. With additional spill-over effects, that impact is calculated at £4.8bn and 92,000 jobs in
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A bill put forward by Fianna Fail, proposing a new organisation with wide powers to deal with mortgage arrears, has been heavily criticised by the European Central Bank, which said it may undermine legal certainty for lenders and potentially affect the supply of lending and the interest rates offered to
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Zacks Investment Research upgraded Perry Ellis International from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Tuesday, December 5th. BidaskClub downgraded Perry Ellis International from a “buy” rating to a “hold” rating in a research report
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Americans may be growing a bit pessimistic about housing, that came through loud and clear in the results of Fannie Mae's February edition of the National Housing Survey (NHS). … The net share of those who say mortgage rates will go down over the next 12 months fell 7 percentage points to -57%.
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The center-right is set to win 265 seats in the 630-strong lower house of parliament and Five Star 227 seats, according to Bloomberg calculations based on Interior Ministry data. Di Maio called on other parties to support his plans to reduce poverty, cut “crazy” taxes on businesses and tackle youth
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The snow has lifted, the Daffodils are out and the house hunting season has begun. Celia Donohue of REA Brady is off to New York for their property show this Thursday. Leitrim Co. Co. are holding a Jobs Expo this week with applicants invited from all over Ireland and Abroad. It really looks like it is
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There are close to 30,000 homes for sale in the Phoenix metro area, according to Zillow. But one specific Chandler listing means a lot to a technology entrepreneur and his company's efforts to disrupt the real estate industry while making in-roads in Arizona's housing market. Johnny Hanna's Homie LLC
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Mortgage applications have risen by 0.3% on a seasonally-adjusted basis over the course of the week ending March 2, 2018, according to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey. The previous week's results included an adjustment for the Presidents' Day
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