Real Estate

  Bloomberg Developers now are making sure they reach a higher level of sales before they begin construction on Toronto condominium projects, contrary to the housing bubble that unfolded in the city in the 1980s, Canada Mortgage & Housing Corp. (CMHC) said. Work began on 79 percent of condo buildings only after developers pre-sold at least 70 percent of the ...

  AP Laura Jordan came home from work one day to find herself locked out. She had missed two mortgage payments, and the company servicing her loan had changed the locks without warning. In a ruling this month, the Washington Supreme Court found that action illegal — a decision that clears the way for a federal class-action case that Jordan ...

  Bloomberg New Zealand’s central bank is moving to quell the country’s housing boom by restricting the amount of money property investors can borrow, paving the way for another cut in interest rates. The Reserve Bank will require investors across New Zealand to have a deposit of at least 40 percent, it said in a statement in Wellington. The new ...

  Bloomberg China’s home-price gains tapered off last month, as second-tier cities joined some of the nation’s largest hubs in imposing housing curbs to cool surging prices. New-home prices excluding government-subsidised housing climbed in 55 cities in June, down from 60 in May, among the 70 tracked, the National Bureau of Statistics said this week. Prices dropped in 10 cities, ...

  Bloomberg London’s seven-year housing boom may be about to end after the UK voted to leave the European Union. “While in recent stress tests, the major UK banks were assessed with declines of around 30 percent in commercial real estate prices, we fear that London residential could experience an even more severe downturn,” Societe Generale analysts including Marc Mozzi ...

  Bloomberg China largest residential real estate developer Vanke Co.’s shares have fallen below the level that JPMorgan Chase & Co. analysts said might trigger a liquidity squeeze at funds managed by its largest shareholder, Baoneng Group. The Shenzhen-traded Vanke shares have tumbled almost 30 percent after they resumed trading on July 4 following a six-month halt. The shares fell ...

  Bloomberg It used to be that you had to traverse the Indian or South Pacific ocean to sleep in a thatched-roof, overwater bungalow — the epitome of luxury accommodations. With ladders that descend straight into turquoise waters, four-poster beds with gauzy mosquito netting, and private plunge pools, they’re the stuff of honeymoon dreams. Now you can get the floating ...

Bloomberg Confidence among US homebuilders declined in July from a five-month high, showing the construction industry remains in a slow, if unspectacular, recovery as the busiest part of the selling season comes to a close, according to data this week from the National Association of Home Builders (NAHB) / Wells Fargo. Key points Builder sentiment gauge declined to 59 from ...

  Bloomberg London homebuilders are offering to pay sales taxes, gift 20,000 pounds ($26,800) of furniture and the chance to win a free parking space as Britain’s vote to leave the European Union damps demand. Brexit will damage the UK economy and residential property values in London could fall by more than 30 percent, Societe Generale SA analysts including Marc ...

  Bloomberg China’s yuan extended losses in early trading to tumble to the weakest level since 2010, pulled down by cooling property prices, a dollar rebounding on haven demand and a weaker central bank fixing. New home prices rose in fewer cities in June compared with a month earlier, official data showed on Monday, raising concern that a real estate-supported ...