LONDON and TORONTO, Dec. 07, 2022 (GLOBE NEWSWIRE) — After a volatile year of geopolitical tensions, economic shocks and uneven monetary policy, Colliers (NASDAQ and TSX: CIGI) anticipates the process of stabilization of the global real estate market to take hold by mid-2023 in its latest Global Investor Outlook. While some countries such as the…
Real Estate News
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Principles for US ESG Regulation Released by American Bankers Association | Perspectives & Events
On June 23, 2022, the American Bankers Association and 51 state bankers associations released a letter to the federal financial regulators1 that describes the principles the regulators should use when developing guidance and regulations on environmental, social, and governance (“ESG”) issues (“Industry Letter”).2 These principles reflect the industry’s view on how the government can maintain…
This Week's Top Stories: Canada's Real Estate Bubble Is Popping As Global Recession Looms
Time for your cheat sheet on this week’s top stories. Canadian Real Estate The Canadian Real Estate Bubble Is Popping As Mortgage Rates Throttle Credit Canadian real estate prices got a boost from low rates, now the opposite is happening. A typical home fell to $735,000 in October, down 15.3% from the peak, wiping out…
2 men charged in connection with real estate fraud: Montreal police – Montreal
Montreal police say two men were arrested last month in connection with real estate fraud and appeared in a Montreal courthouse on Wednesday to be formally charged. In a news release, Montreal police said Mark Blumenthal, 51, and Constantin Niphakis, 42, were arrested on Nov. 15 in Côte Saint-Luc for defrauding around 10 people of…
Autumn Budget 2022 – What Do Property Investors Need to Know?
The government is set to increase tax revenues to help deal with the recession and generate more funds, and how these tax rises will be implemented will affect how much investors can earn from properties that they’re considering selling. The biggest tax that property investors should be concerned with is the change to Capital Gains…
Mental Health Month: Supporting LoveBrum
Mental health awareness week takes place from 9th -15th May and this year the theme is loneliness. Loneliness is an emotion that is rarely talked about openly and many people suffer in silence. The ONS reported that between 3rd April and 3rd May 2020, around 2.6 million adults in the UK reported that they felt…
Big Hit Music Shares Update On Legal Action Against Violation Of BTS And TXT's Rights
Big Hit Music has released new statements about its legal response to the violation of its artists’ rights. On June 29, Big Hit Music shared two separate statements regarding the protection of its artists BTS and TXT against personal attacks such as maliciously edited posts, false rumors, sexual harassment, and more. Big Hit Music’s full…
US Real Estate Prices Could Plunge 20%, “Severe” Recession Possible : Dallas Fed
US home made prices lofty gains over the pandemic—a bigger run up than the one seen before the Great Recession. It’s going to be difficult to not see a significant chunk of those gains given back to the market, warned by the Dallas Fed. Researchers from the US Federal Reserve branch warn that severe recession…
Legal update: Review and public consultation on crowdfunding in 2022
In this snapshot legal update, we report that on 25 May 2022, in a written reply by Mr. Christopher Hui, the Secretary for Financial Services and the Treasury, to Legislative Council questions on crowdfunding, Mr. Hui confirmed that the Hong Kong Government is reviewing the regulation of crowdfunding in Hong Kong. The objective of the…
Housing market correction widespread across Canada
Canada’s housing market is still squarely in correction mode. The latest results from local real estate boards confirm activity and prices generally remained under intense downward pressure in November. This was entirely expected considering the heavy toll soaring interest rates being taken on buyers from coast to coast. Higher rates are forcing many of them…