Sweden’s Economy Keeps Shrinking for a Fourth Straight Quarter
Sweden’s economy posted a fourth consecutive quarter of contraction as interest-rate cuts that could spur activity in the largest Nordic nation are yet to materialize.
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Sweden’s economy posted a fourth consecutive quarter of contraction as interest-rate cuts that could spur activity in the largest Nordic nation are yet to materialize.
Brookfield Asset Management bought a controlling stake in a Dubai-based firm’s real estate unit, securing a slice of prime warehousing space in one of the world’s hottest commercial property markets.
Message to bond underwriters: Some big customers are sizing up your ESG credentials.
Greater China’s property market crisis and the challenges it poses for lenders will be on full display on Monday, when embattled developer China Vanke Co. and the region’s biggest banks report earnings.
Hong Kong’s benchmark equity index headed for a technical bull market as a surge in Chinese property shares gave more impetus to this month’s stellar rebound.
Sep 1, 2021
The Canadian Press
CALGARY - The Calgary Real Estate Board says home sales have slowed from the record-setting pace seen earlier this year, but rose on a year-over-year basis in August.
The Alberta board says 2,151 homes were sold in Calgary last month, up almost 37 per cent from 1,574 in August 2020 but down from 2,319 in July.
The market has seen 19,516 sales this year, a rise from 10,044 at the same time last year.
New listings for the month amounted to 2,822, up about nine per cent from 2,578 last August and down from 3,296 in July.
The average price of a home also climbed to $488,043 in August from $470,271 during the same month last year.
The board's chief economist Ann-Marie Lurie says the figures demonstrate that sales have exceeded expectations, but supply could not keep pace.