A report from Kelowna Now in Canada. "Canada's most expensive rental markets in Toronto and Vancouver continue to report a downward trajectory in prices. Toronto's one and two-bedroom prices are down 10% and 12%, respectively, since this time last year.…
A report from the Globe and Mail in Canada. "In downtown Vancouver, the condo market has softened considerably, with prices coming down as more units come onto the market. Vancouver realtor Ian Watt is seeing many of those downtown condo…
It's Friday desk clearing time for this blogger. "The Chicago City Council enacted the COVID-19 Eviction Protection ordinance in June. After selling two single-family homes to financially maintain his remaining portfolio, Derrick Rowe, a landlord on the South Side, now…
A report from Toronto Storeys in Canada. "Back on the market for the second time this summer, this 409 Bloor Street East penthouse offers incredible views inside and outside. It’s no wonder this sweet suite is priced at $4.1 million.…
A weekend topic starting with the Wall Street Journal. "Even the coronavirus hasn’t stopped the world’s biggest asset bubble from getting bigger. After a brief pause during coronavirus lockdowns in February, a Chinese property boom in some megacities that many…
A weekend topic from the Wall Street Journal. "When Donald Trump won the presidential election in 2016, Chinese leaders were stunned. They had focused on the prospect of a Hillary Clinton victory. They immediately put out feelers to their oldest…
A report from Bloomberg. "Tom Barrack, who a week ago warned that commercial real estate financing was on the brink of collapse because of the coronavirus pandemic, is now calling for a moratorium on margin calls and intervention by the…
It's Friday desk clearing time for this blogger. "Mortgage firms are bracing for a wave of missed payments starting April 1 as borrowers lose their jobs as a result of the coronavirus epidemic. The firms, which collect money from borrowers…
A report from the Wall Street Journal. "Airbnb Inc. is considering raising capital from new investors, as the home-sharing giant wrestles with escalating losses due to the devastating impact of the coronavirus pandemic on its global business, according to people…
A report from Crain's New York Business. "The city’s hotel industry is in free fall, as occupancy and room rates have plunged and a growing number of chains have shuttered locations due to the dramatic drop-off in business as a…