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Canadian home sales climb for 3rd month in July

Bloomberg Increases in Toronto pushed Canadian housing sales higher for a third month, further evidence the country’s real estate market is regaining strength after it stumbled at the start of this year. Transactions nationwide rose 1.9 percent from June to 38,612, bringing them back towards the 10-year average, the Canadian Real Estate Association said from Ottawa. Sales in Toronto advanced ...

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Big New York City landlords vow to cut energy use

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Bloomberg Some of the biggest names in New York real estate, including SL Green Realty Corp., Vornado Realty Trust and Related Cos., have signed on to an ambitious plan to reduce energy use in the city’s larger buildings by 20 percent by 2030 — with some “wiggle room.” If it’s implemented, the plan would take the city’s 50,000-plus buildings of ...

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Good ideas are also an important US export

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If you are a believer in free markets, you might be tempted to be pleased by some of the more positive policies of the Trump administration: lo-wer corporate tax rates, more market-friendly jud-ges, a greater emphasis on deregulation. Resist (the temptation, if not the administration). When it comes to ideas, the lifeblood of capitalism, the influence of President Donald Trump ...

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