Real-estate market faces 'significant test'

The Canadian Real Estate Association slashed its sales forecast for 2018 to predict a 5.3 per cent drop in national sales to 486,600 units this year, shaving about 8,500 units from its previous estimate due to the impact of the stricter mortgage stress tests. On Monday, the association released a report
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San Diego's Guild Mortgage is expanding its presence in the Midwest with an agreement to acquire Cornerstone Mortgage of St. Louis. The acquisition will add 19 offices in Missouri, Illinois and Kansas and a loan volume of $1 billion to Guild's growing national business. “Cornerstone is an exceptional
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Real estate photos can be gorgeous—or horrifyingly ugly. As proof, look no further than the Facebook group Really Bad MLS Photos, where members share the biggest clunkers they've seen. Seven years ago, Paul Meleedy, a real estate agent in Lakeville, MA, created this Facebook group to teach
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Columbus and the rest of the Midwest will be left out in the real-estate cold this year, according to the annual forecast of hot real-estate markets by the real-estate service Zillow. None of Zillow's Top 10 hottest real-estate markets are in the Midwest or the Northeast. Instead, the West Coast and the South
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Liberty Bancorp, the holding company for BankLiberty, announced late last week that it reached an agreement that will see the bank acquire Lawson Bank. Under the terms of the deal, Liberty Bancorp will purchase all the stock of Lawson Financial Corp., the parent company of Lawson Bank. Lawson
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Dickson Concepts (International) Limited (SEHK:113) is trading with a trailing P/E of 13.2x, which is lower than the industry average of 16.3x. Although some investors may jump to the conclusion that this is a great buying opportunity, understanding the assumptions behind the P/E ratio might change
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RISHIKESH (India) • In 1968, The Beatles and a crew of hangers-on traded hip London threads for kurtas and wreaths of marigold, trudging through dense forest to an ashram in Rishikesh, India, where they spent weeks writing songs. There was George Harrison, a devoted follower of Transcendental
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January 13 is a notable date for Korean-Americans. On that date in 1903, the first Korean immigrants came to the United States to work as sugar-cane plantation laborers in Hawaii. Over the years, momentum grew to celebrate the day. In 2005, Congress passed a resolution by unanimous consent for
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For those who aren't familiar, the strict mortgage qualification rules now require that all new mortgage applicants are in a financial position – based on current income minus debts – to pay off their mortgage at the Bank of Canada's posted rate (currently 4.99 per cent). That doesn't mean this is the interest
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A senior Tory asked to head up an urgent review into the growing problem of land banking has received donations from a developer accused of leaving land undeveloped for two years. The Chancellor asked former Cabinet minister Sir Oliver Letwin to chair an inquiry looking into the problem of
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Saudi Arabian Oil Co., otherwise known as Aramco, occupies more than 3,000 square feet on the main show floor at Cobo Center. The world's largest oil company — Aramco generates more than 12.5 million gallons of oil and $1 billion in revenue every day — is at the Detroit auto show to remind people
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Boulder County has added hundreds of senior housing units in recent years, yet options for lower-income elderly residents are still slim. Elisabeth Borden, owner of Boulder-based senior housing market analysis company The Highland Group, told the Camera and Times-Call in September that only a
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The ADX is typically used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) which point to the direction of the trend. The 14-day ADX for Ares Commercial Real Estate Cor (ACRE) is currently at 25.98. In general, and ADX value from 0-25 would represent an absent or
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Sergio Barrientos pleaded guilty last week to conspiracy to commit wire fraud affecting a financial institution and bank fraud. According to court documents, from about September 2004 through February 2008, Barrientos and co-conspirators Zalathiel Aguila and Omar Anabo operated a business in
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New York's outer boroughs may be booming, but residential agents are not flocking to every neighborhood in equal measure. The Real Deal recently analyzed data from the New York Department of State to determine which parts of the outer boroughs still have a comparatively low number of residential
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National Bank of Pakistan (NBP) and Bank of China , Pakistan Operations (BOCP) have signed a memorandum of understanding (MoU) to promote banking services in the country. The MoU will focus on developing synergies between the two institutions. The MoU will further strengthen friendship
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Since its creation in 2000 through a merger of three banking groups, Mizuho Financial Group had never named a head of the securities business as group chief. And this marks the first time that outside directors alone nominated the group chief. “We see major significance in having the securities unit
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That makes it bad for people still struggling to get on to the property ladder, and for the taxpayer at large, because Britain's dysfunctional housing market is at the root of many of our social and economic problems. For Mr Fairburn, however, it works very nicely indeed. For him, Help to Buy could become
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Restaurant Brands International Inc. owns, operates, and franchises quick service restaurants under the Tim Hortons and Burger King brand names. Restaurant Brands International is one of Canada's large-cap stocks that saw some insider buying over the past three months, with insiders investing in
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CACI International logo CACI International Inc (NYSE:CACI) has been assigned an average rating of “Buy” from the sixteen ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have
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