Shocked Green Fund Managers Say UK Shift Risks Investment Plans
Some of the world’s biggest green investors are voicing dismay and bewilderment as they struggle to digest the UK government’s stated intention to wind back key climate commitments.
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Some of the world’s biggest green investors are voicing dismay and bewilderment as they struggle to digest the UK government’s stated intention to wind back key climate commitments.
(Bloomberg) -- China may stem its real estate crisis but the economy will only grow tepidly and probably won’t ever overtake the US, according to Klaus Baader of Societe Generale SA.
Tight conditions have left prospective renters feeling even more frustrated than usual by sky-high rents, the frenzy of interest that surrounds any affordable listing and the litany of demands landlords can make when so many people are interested in their home.
Industrial metals from copper to iron ore slumped as investors reacted to the ongoing weakness in China’s property sector and inflationary pressures that could keep global monetary policy tighter for longer.
The costly truth about US government shutdowns: They don’t save taxpayers a dime.
Jan 31, 2023
The Canadian Press
Home sales in Greater Vancouver are predicted to stay in line with last year’s slower pace, while prices inch up slightly.
The forecasts are contained in the Real Estate Board of Greater Vancouver's outlook for 2023 released Tuesday.
Historically, the report says rapidly escalating mortgage rates haven’t had as big a negative affect on prices as they have had on sales in Metro Vancouver.
It predicts 28,500 home sales in 2023, a 2.6 per cent decrease from last year.
While the current downtown has resulted in a price decline of about 10 per cent, the forecast says steady population growth in Metro Vancouver will underpin prices and maintain or even increase values.
It says the average home price this year for apartments, attached and detached homes is expected to climb slightly to $1.2 million, a 1.4 per cent increase.
However, the report says the risks to its predictions are an economic recession and even higher mortgage rates.
“The precise impact of a recession on the Metro Vancouver real estate market is difficult to predict since it largely hinges on the severity of the recession and the Bank of Canada’s policy response,” the report says.