Link to full article: https://www.wsj.com/articles/housing-boom-fades-world-wide-as-interest-rates-climb-11658142000  "With Canada mortgage rates at their highest level since 2009, house sales in June were down 24% from a year earlier, according to the Canadian Real Estate Association. Real-estate brokerage Realosophy said Toronto sales declined 40% in May from a year earlier and now sit at a 20-year low. The median price for a Toronto home, excluding condominiums, is... [read more]

Canadian Real Estate Market Report Summary April 2022  The growth in house prices during March 2022 remained robust, although the rate of change has declined substantially from February. Month-over-month price gains slowed from 5.3% last month to 2.2% this month.  The apartment category is still pretty strong. Second-highest ever m-o-m change. Daniel believes this is driven by two factors - the reopening of dense urban centers and the pivot to entry-level condos that may... [read more]

Link to original story: https://storeys.com/buyers-backing-out-financing-falling-home-prices/    REAL ESTATE NEWS As Home Prices Fall, More Buyers Are Backing Out of Deals PUBLISHED: 11:09 AM MAY 12, 2022 In early February, a three-bedroom house in Clarington, Ontario — a city on the easternmost outskirts of the GTA that has, on a good day, an hour-long commute into downtown Toronto — sold for $1,035,000. It was on the market for just four... [read more]

[read more]

    Evergrande Real Estate Group is the second largest property developer in China by sales. It is ranked 122nd on the Fortune Global 500. It is incorporated in the Cayman Islands and headquartered in the Houhai Financial Center in Nanshan District, Shenzhen, Guangdong Province, China. It was founded in 1996 by Xu Jiayin. It sells apartments mostly to upper and middle-income dwellers. In 2018, it became the most valuable real estate company in the world. I'd... [read more]