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buyers

B.C. developer, director fined $99K for causing ‘consumer harm’

by Anas Siddiqui
B.C. developer, director fined K for causing ‘consumer harm’

A Surrey, B.C.-based property developer and its director have been ordered to pay nearly $100,000 by the province’s real estate regulator for causing “consumer harm.” The B.C. Financial Services Authority …

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Hong Kong property buyers willing to forfeit deposits than pay above-market prices

by Anas Siddiqui
Hong Kong property buyers willing to forfeit deposits than pay above-market prices

The number of new-home buyers who have forfeited their deposits has jumped by nearly a fifth in the first half compared with the whole of last year amid a persistent …

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Hong Kong finance secretary vows to even out economic recovery through better market conditions, boost to consumer confidence

by Ron Morgan
Hong Kong finance secretary vows to even out economic recovery through better market conditions, boost to consumer confidence

Hong Kong’s economic fightback has had varying success across different sectors, despite an improvement in the property and stock markets after cooling measures were ditched, the financial minister has warned. …

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‘We are getting closer’ to cutting interest rates, Bank of Canada governor tells MPs

by Anas Siddiqui
‘We are getting closer’ to cutting interest rates, Bank of Canada governor tells MPs

The Bank of Canada is getting closer to cutting interest rates as inflation shows signs of coming down and staying down, the central bank’s governor, Tiff Macklem, told MPs Thursday. …

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Are you renting with no plans to buy? Here’s what the federal budget has for you

by Anas Siddiqui
Are you renting with no plans to buy? Here’s what the federal budget has for you

The federal government tabled its annual budget on Tuesday with a promise to open the door to homeownership for millennial and Gen Z renters. You’ll have to read the fine …

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Home sales and prices edging up as housing market ‘could get interesting,’ reports say

by Anas Siddiqui
Home sales and prices edging up as housing market ‘could get interesting,’ reports say

The housing market could soon get “interesting” as home prices and sales start to edge up, according to a pair of new reports released Friday. In its latest quarterly Home Price Update and …

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Buyers Praise New Chinese Style, Quiet Luxury at Shanghai Fashion Week

by Lionel Rogers
Buyers Praise New Chinese Style, Quiet Luxury at Shanghai Fashion Week

SHANGHAI — For fall 2024, buyers attending Shanghai Fashion Week are aiming to battle the slowing market by focusing on brands that have a strong sense of identity. Many praised …

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Hong Kong property: Li Ka-shing’s CK Asset lists another 110 flats at Blue Coast after 8,000 buyers jump at first 138

by Anas Siddiqui
Hong Kong property: Li Ka-shing’s CK Asset lists another 110 flats at Blue Coast after 8,000 buyers jump at first 138

CK Asset Holdings, the flagship property developer of Hong Kong billionaire Li Ka-shing, is putting another 110 units at its Blue Coast project on the market after buyers enthusiastically oversubscribed …

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Bank of Canada worries a rate cut now could overheat the spring housing market

by Anas Siddiqui
Bank of Canada worries a rate cut now could overheat the spring housing market

The Bank of Canada is trying to thread a needle. It’s keeping rates higher for longer at least in part because it’s worried a rate cut now could undermine the …

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First-time homebuyer incentive is discontinued, says federal housing agency

by Anas Siddiqui
First-time homebuyer incentive is discontinued, says federal housing agency

The first-time homebuyer incentive has been discontinued by the Canada Mortgage and Housing Corporation (CMHC), the federal agency announced on Thursday. The deadline for new or resubmitted applications to the program …

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