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China property recovery elusive despite relief, say S&P, Fitch; others see bright spots

by Anas Siddiqui
China property recovery elusive despite relief, say S&P, Fitch; others see bright spots

Beijing’s most ambitious attempt yet to support China’s slumping property market was panned by S&P Global and Fitch Ratings, as the two agencies predict more downside for the crisis-hit sector, …

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New home construction rose while home sales came down in May

by Anas Siddiqui
New home construction rose while home sales came down in May

The annual rate of new home construction was up in May, while home sales were slightly down, according to data released separately on Monday by the Canada Mortgage and Housing …

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Home sales and new home construction both drop in April

by Anas Siddiqui
Home sales and new home construction both drop in April

The annual rate of housing starts in Canada fell slightly by one per cent compared with March 2024, while the number of residential home sales dropped in the same period of …

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China property: ‘iPhone City’ gets a consumption upgrade incentive with trade-in scheme to revive woeful housing market

by Anas Siddiqui
China property: ‘iPhone City’ gets a consumption upgrade incentive with trade-in scheme to revive woeful housing market

China is encouraging more property owners to swap their old homes for new ones as a way to rejuvenate the market, with a local government in central Henan province joining …

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No relief yet for China’s housing market with excess supply in secondary market, weak price guidance in new projects

by Anas Siddiqui
No relief yet for China’s housing market with excess supply in secondary market, weak price guidance in new projects

China’s housing market is seen under more pressure this year, plagued by excess supply in the secondary market as desperate homeowners look to cash out. Prices may need to drop …

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New home construction in January was down 10% from December, says CMHC

by Anas Siddiqui
New home construction in January was down 10% from December, says CMHC

New home construction in Canada fell by 10 per cent in January compared to December, as fewer multi-unit urban homes, such as townhouses, were built, according to the country’s national …

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A wave of defaults has real estate lawyers urging presale buyers to be cautious

by Anas Siddiqui
A wave of defaults has real estate lawyers urging presale buyers to be cautious

In 2021, Sudip Sehgall put down an $81,990 deposit on a yet-to-be-built townhouse in Surrey, B.C. While it was under construction, he occasionally visited the site to watch it grow. …

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‘Britain’s loneliest sheep’ rescued after more than 2 years stranded at the bottom of a cliff

by Walter Watson
‘Britain’s loneliest sheep’ rescued after more than 2 years stranded at the bottom of a cliff

As It Happens5:01‘Britain’s loneliest sheep’ rescued after more than 2 years stranded at the bottom of a cliff A sheep that was stranded for more than two years at the …

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