Latest Videos
The information you requested is not available at this time, please check back again soon.
The worst housing-market crash and the fastest inflation since the 1990s are turning Sweden into an early victim of the global tightening cycle — driving its currency to an almost 14-year low as policy makers walk the line between saving an overleveraged economy and taming price growth.
Jones Lang LaSalle Inc.’s mergers and acquisitions and corporate advisory arm hired lodging and leisure banker Jeffrey Altman from Jefferies Financial Group Inc.
Rents in Spain have jumped to record levels, propelled by gains in the country’s two largest cities as higher interest rates roil property markets across Europe.
A major city in China has eased a key restriction on housing purchases, paving the way for more cities to follow suit and prop up demand as the property slump in the world’s second-biggest economy drags on.
After years of tech stock dominance comes the painful process of moving onto something new.
Jun 28, 2021
, BNN Bloomberg
Demand for rental properties in the Greater Toronto Area is showing signs of a slow recovery after suffering a severe blow from COVID-19, a new report showed.
The average rental rate per square foot in the GTA for all property types rose to $1,999 in May, up $22 from the previous month, according to data by Bullpen Research & Consulting and TorontoRentals.com. Rental rates in the city rose 2.2 per cent since January to $2.80, the report said.
The increase indicates rates may have hit a bottom in the first quarter of 2021 following the sharp declines seen throughout 2020 due to the pandemic. Monthly rents were still down in May by 11.4 per cent year-over-year.
The average monthly rent for condos in the GTA increased 1.7 per cent month-over-month to $2,109, according to Bullpen Research. Rental apartments remained steady, seeing only a 0.3 per cent monthly increase to $1,900 while monthly rental rates for single-family homes rose by 1.3 per cent month-over-month to $2,859.
The report said Toronto may be only two to three months away from experiencing the strong lease-up activity currently seen in other large American cities including New York, San Francisco and Chicago.
“With Toronto entering the next stage of COVID-19 reopening, tenants will be reminded of the benefits of a centrally located apartment or condominium rental, as patios fill up and boutique retail shops open,” said Ben Myers, president of Bullpen Research, in a statement.
Bullpen forecasts GTA rental rates will grow by 12 to 14 per cent next year as COVID-19 restrictions continue to be lifted.
Related
