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Vancouver housing fever eases even before tax

  Bloomberg Canada’s hottest housing market may be cooling. Home sales in Vancouver fell a third straight month in July, the Canadian Real Estate Association said, with price gains also showing signs of slowing. The data should be a relief to buyers and policy makers who have been growing increasingly worried about affordability in the city, and suggest Vancouver’s market ...

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When your backyard costs $37.5 million

  Bloomberg When the world’s superrich shop for a lavish garden to frame their sprawling estates, they call Belgian master-landscaper François Goffinet. Goffinet’s secret weapon: a deep knowledge of the land and a timeless classical style. With his pavilions, ironwork, gate lodges, and follies (who doesn’t love a good hedge maze?), he’s reviving the grand tradition of the 18th century ...

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China’s exuberance tamed by housing market puzzle

  Bloomberg The July wobble in China’s economy — like its multi-year slowdown — has much to do with the waning “animal spirits” of Chinese businesses caused by an historic shift in housing. That’s according to Chi Lo, greater China senior economist at BNP Paribas Investment Partners in Hong Kong. A property-led pick up in the first half lost momentum ...

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