Home Depot to Buy Roof-Supply Firm SRS for About $18.25 Billion
Home Depot Inc. is making its biggest acquisition ever to win over more professional contractors as the company looks beyond its do-it-yourself roots to revive growth.
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Home Depot Inc. is making its biggest acquisition ever to win over more professional contractors as the company looks beyond its do-it-yourself roots to revive growth.
Mortgage rates in the US declined, helping to ease affordability challenges for homebuyers.
Country Garden Holdings Co., one of China’s biggest property developers, warned it will miss a deadline for reporting annual results, further complicating plans to restructure its debt following a default last year.
More New Yorkers have stopped paying their property taxes — a troubling trend since the onset of the pandemic that city officials attribute to the end of a tax-lien sales program that punishes delinquency.
US consumer sentiment rose markedly toward the end of March, supported by strong stock-market gains and expectations that inflation will continue to ease.
Feb 24, 2021
The Canadian Press
OTTAWA - Most homeowners who sought deferrals for mortgages last year have seen their deferral periods end, but the Canada Mortgage and Housing Corp. says the risk of these borrowers falling into arrears could re-emerge.
The federal housing agency says in a report that more than 25 million homeowners with mortgages insured by CMHC sought payment deferrals between last March and September, but by the end of that period almost 65 per cent of the deferrals had ended.
CMHC says slightly more than 67 per cent of the deferrals ended on time, while almost 33 per cent finished early.
The data shows about 85 per cent of the mortgage deferrals still active after Sept. 30 were scheduled to expire in October and almost 10 per cent were due to end by the start of 2021.
Only six per cent of mortgage deferrals sought between last March and September were due to finish in 2021.
CMHC says as deferral options expire, the risk of these mortgages entering arrears could emerge again, but the report did not quantify that risk.