The court process only indirectly involves Trump, whose sprawling business empire licenses its brand and manages the Toronto property on behalf of the developer, Talon International Inc.
The CEO of Scotiabank says he's concerned about the possibility of a housing market correction in Toronto and Vancouver.
Brian Porter, who was asked about his outlook for the Canadian mortgage market during a conference call to discuss the bank's first-quarter results, said he's supportive of recent government changes introduced to reel in house price growth.
New Zealand house prices rose in February, with red-hot Auckland slowing down as further flung cities picked up.
Quotable Value's (QV) residential property price index rose 13.5 percent in the year to February, the same rate as the previous month.
Home prices in Australia's major cities surged in February to take annual growth to the fastest in over six years, a headache for policy makers alarmed at the risks of a debt-fuelled bubble in the sector.
The Sydney market rose “between 50 percent and 75 percent over the last four years,” said John McGrath, founder and executive director of McGrath Estate Agents, “with each year delivering between 12 and 15 percent growth.” With nearly five million residents, he added, “Sydney remains Australia’s strongest and most enduring property market.” It is also the priciest.
In the central business district, for example, $2.5 million buys a two-bedroom apartment in “a nice, modern development,” said Michael Lowdon, director of Ray White Residential Sydney CBD. Three-bedroom apartments range from 3 million to 8 million Australian dollars. Subpenthouses run from 5 million to 10 million Australian dollars, and penthouses from 10 million to 30 million.
Pre-tax profit leapt by more than half at Irish-focused Dalata Hotels thanks to its Dublin sites outperforming the broader market.
The company said its hotels in the Irish capital registered a 19.9pc growth in revenue per available room (RevPAR), a key performance metric for the sector, which outpaced the city’s 16.1pc growth.
Indian commercial real estate is poised to witness a lot of interest from investors in the year 2017. The market is expected to see inflow of investments as Real Estate Investment Trusts (REITs) finally enters its implementation phase, said a CARE Ratings report.
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