Foreign Buyers are Indisputably Affecting the Housing Market

Monday on the show we spoke to MLA Sam Sullivan who is of the opinion that foreign ownership is not what the problem is with the housing market, and not a big factor in driving up prices. Obviously, this is not a stance everyone is on board with. Guest: Josh Gordon – Assistant Professor at SFU's School
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The Best Workplaces in Technology is one of a series of rankings by Fortune and Great Place to Work based on employee feedback from Great Place to Work-Certified™ organizations. Great Place to Work has previously named Kronos a Best Workplace for Giving Back, a Best Workplace for Women,
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BROOKLYN, NY — The average Brooklyn apartment got cheaper for buyers and renters alike at the end of 2017, new real estate data show. The borough's average home sale price for the last three months of 2017 dipped about 4 percent from 2016 to $853,000, according to a Corcoran report released
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Investment in digital currencies has seen a rapid growth in the last year, but Bitcoin investors hoping to cash in and get on the property ladder could be facing problems as mortgage lenders refuse to accept deposits due to money laundering fears. Lenders have to confirm the origins of a mortgage
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Read more at Fortune. • Celgene Corp is in talks to buy Juno Therapeutics Inc (Nasdaq: JUNO), according to the Wall Street Journal. Financial terms weren't disclosed. Read more. • Grab acquired iKaaz, an India-based provider of a mobile payment platform. Financial terms weren't disclosed. • Nomad
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The percentage of refinances grew to 40% of all closed loans in December, according to Ellie Mae's Origination Insight Report. Total refinance loans increased a percentage point from 39% in November and seven percentage points from June, but were still down from 46% from the same period a year
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The cost of bringing luggage aboard an airplane can sometimes be close to the flight itself. One British Airways passenger tried to skirt all the fees in a unique way: he decided to wear all his clothes on board rather than putting them in a bag, The Washington Post reports. The man, identified as Ryan
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All but six of the 19 economists surveyed by Bloomberg forecast the MPC will leave its benchmark rate unchanged at 6.75 percent. Five predict a quarter percentage point cut and one, Abri du Plessis at Gryphon Asset Management Ltd., says the committee will lower the rate by half a percentage point.
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If they ever finish arguing about immigration and the budget, members of Congress can be expected to turn to food stamps, which conservative Republicans want to cut and Democrats don't. For their own sake and to promote public health, both sides might want to focus on a simple reform that deserves
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The Bank of Canada raised its benchmark interest rate to 1.25 per cent Wednesday and signalled that, barring certain risks, more hikes are likely in the rest of the year. That's creating an unusual situation for Canadians: for the first time in years, those renewing mortgages will be faced with higher rates
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According to Bogdan Belciu, Management Consulting partner at PWC Romania, the banking sector generated a total of RON 20.676 billion towards the state budget between 2012 and 2016 in the form of taxes and contributions, and the aggregate profitability of the banking system was of RON 2.185
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This is the web version of Data Sheet, Fortune's daily newsletter on the top tech news. To get it delivered daily to your in-box, sign up here. I've been intrigued by the analysis around Sheryl Sandberg and Jack Dorsey standing down from the Disney board. With Disney a video streamer and Facebook
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NEW YORK–(BUSINESS WIRE)–Granite Point Mortgage Trust Inc. (NYSE: GPMT), a commercial real estate investment trust (REIT) focused on directly originating, investing in and managing senior floating rate commercial mortgage loans and other debt and debt-like commercial real estate investments,
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Maine Attorney General Janet Mills is calling on Congress to enact federal legislation to allow banks to serve state-licensed marijuana businesses without penalty. Mills joined with 19 other attorneys general, including seven out of the eight states that have legalized adult-use cannabis sales, to support
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Switzerland's Federal Tax Administration (FTA) has issued a revised version of its current rules on securities lending and repo transactions to preclude dividend stripping transactions. Among the amendments is a change to the Swiss withholding tax (WHT) refund position of foreign resident borrowers of
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Several housing authorities recently suggested changes to the form and operation of the Home Equity Conversion Mortgage (HECM) program, more commonly known as reverse mortgages. The program, administered by the FHA, serves homeowners over the age of 62, allowing them to draw on their
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Walmart international brought in net sales of $29.55 billion during the last reported quarter — representing about 25 percent of Walmart's total net sales. …. Unlike a regular retail purchase — which has little long-term risk to customers should they regret their purchases — buying a subscription-based
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Despite industry efforts to create cultures where great ideas trump personal status, tech companies still suffer from workplaces with persistent outsider cultures that undercut productivity and innovation. In Great Place to Work's study of more than 79,000 tech workers surveyed to determine the 2018 Best
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Latest figures from the Australian Bureau of Statistics (ABS) revealed that the value of Australian home loan lending jumped for a second consecutive month in November, thanks to the boost in owner-occupier and investor demands. According to the statistics bureau, total lending value grew by 2.3% to
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A meteor over Michigan on Tuesday night caused a loud bang and a brilliant flash of light that was caught on video. The meteor appeared in the sky about five miles southwest of New Haven, Mich., 35 miles northwest of Detroit, according to the U.S. Geological Survey. The space rock broke up in the
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