Home Sales Slow in Canada’s Hottest Markets as Condo Glut Builds

(Bloomberg) — Canada’s hottest housing markets are slowing down as unsold condos pile up with more people fleeing dense downtown living for the suburbs.



a cactus in a city: Buildings stand in the downtown skyline in this aerial photograph taken above Toronto, Ontario, Canada, on Monday, Oct. 2, 2017. Toronto housing prices fell for a fourth month in September as sales remained sluggish, particularly in the detached-home segment that has borne the brunt of the correction in Canada's biggest city.


© Photographer: Bloomberg/Bloomberg
Buildings stand in the downtown skyline in this aerial photograph taken above Toronto, Ontario, Canada, on Monday, Oct. 2, 2017. Toronto housing prices fell for a fourth month in September as sales remained sluggish, particularly in the detached-home segment that has borne the brunt of the correction in Canada’s biggest city.

Home sales in Toronto, Canada’s financial capital, fell 2.1% in November from October, the third straight month transactions have dropped on a seasonally adjusted basis, according to data released Thursday by the Toronto Regional Real Estate Board.

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In Vancouver, which has Canada’s most expensive real estate, home sales slid 17% on an unadjusted basis compared with a month earlier, the Real Estate Board of Greater Vancouver said Wednesday. Prices were

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Edward Homes builds town home communities valleywide

Edward Homes Nevada has introduced its newest collection of town homes, Thrive. Developed for today’s discerning and value-conscious homebuyer, these homes are the evolution of modern living in Las Vegas, offering a distinct housing environment and freedom of lifestyle.

Thrive will be built within some of the best master-planned communities in the Las Vegas Valley including Providence, Summerlin and Mountain’s Edge. These town home communities will feature appealing architecture and modern finishes along with convenient amenities and proximity to the best shopping, dining and recreation.

“We crafted a cohesive brand for our town home collection that connects each of the projects and supports our vision of the lifestyle available to its homeowners,” said Brock Metzka, builder and owner of Edward Homes Nevada. “We were so happy with the result that we chose to rename our existing town home project in Providence so it could be part of the Thrive family.”

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Highland Homes builds in Sienna master-planned community (Sponsored)

Highland Homes is building its popular 200 series with homes starting from the $430,000s.

Highland Homes is building its popular 200 series with homes starting from the $430,000s.

Highland Homes is proud to be part of the builder lineup in the established, 10,800-acre, amenity-rich master-planned community of Sienna by Johnson. Located in Missouri City, near Sugar Land, and in the thriving Fort Bend County area, Sienna offers residents 100-plus acres of parks, waterparks, a golf club, sports park, on-site schools, stables and more.

Highland Homes is building its popular 200 series with homes starting from the $430,000s. With 16 home plans to choose from (10 one-story and six two-story), numerous exterior styles and structural options, buyers have plenty to choose from. Highland also offers its new livability options which include extended outdoor living, dressed up master closets, enhanced laundry and craft rooms (featured in the model home), extended walk-in pantries, fitness rooms, working/home learning options,

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5 Transport Infrastructure Stocks to Buy on Bets U.S. Builds Back Better

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

Infrastructure in the U.S. is in bad shape.

Our multi-trillion-dollar economy relies on a network of infrastructure from roads and bridges to railways, ports and power grids. Unfortunately, the systems currently in place were built decades ago, and are dangerously in need of repair. Bridges for example are structurally deficient. Water systems are old and could pose a threat to human health.

In 2017, the American Society of Civil Engineers gave the U.S. a D+ grade on infrastructure. And, as I noted in June, the U.S. needs up to $4.5 trillion by 2025 to get infrastructure up to par.

“We’re looking at aviation, bridges, roads, transit, dams, levees, schools, parks, solid waste, drinking water, waste water,” ASCE Executive Director Tom Smith told CNBC. “Unfortunately, 12 out of 16 categories are in the ‘D’ range, which is ‘poor’ or ‘at-risk,’ which

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Electrician knocks down house and builds California bungalow-inspired duplex in Hadfield Melbourne

Electrician pays off his $790,000 mortgage in just TWO years by knocking the building down – as he shares exactly how you can do it too

  • Tradesman and wife purchased stunning home in Hadfield, Melbourne, in 2018
  • The three-bedroom home at 49 Volga Street had a $790,000 mortgage
  • The sparky decided to knock the house down and build a duplex on top
  • California bungalow-inspired in nature, one side of the duplex sold for $960,000

An electrician who took a ‘big risk’ by purchasing a shabby-looking $790,000 property only to bulldoze it months later has paid off his mortgage in two years. 

The Australian tradesman and his wife bought the three-bedroom home at 49 Volga Street in 2018, seeing great potential in the Hadfield suburb estate in Melbourne.

With the help

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Cash builds for property debt funds as crisis is delayed

Real estate debt investors are stockpiling cash, searching for opportunities to lend to commercial-property owners hurt by the pandemic.

Property debt funds, including at Blackstone Group Inc., raised $14.1 billion from April through September, compared with $15.7 billion a year earlier, according to research firm Preqin Ltd. Yet the expected flood of deals has so far been just a trickle.

Now there are signs of a thaw. On one side, competition is building to put that cash to work, motivating some lenders to take on higher risks. On the other, borrowers are growing desperate as loan extensions start to expire on malls, hotels and even some offices that are still struggling as COVID-19 continues to ravage the U.S. economy.


“If you’re willing to do it, you’ll get a lot of deals, but you have to be willing to

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Cash Builds for Property Debt Funds With Crisis Delayed for Now

(Bloomberg) — Real estate debt investors are stockpiling cash, searching for opportunities to lend to commercial-property owners hurt by the pandemic.

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Property debt funds, including at Blackstone Group Inc., raised $14.1 billion from April through September, compared with $15.7 billion a year earlier, according to research firm Preqin Ltd. Yet the expected flood of deals has so far been just a trickle.

Now there are signs of a thaw. On one side, competition is building to put that cash to work, motivating some lenders to take on higher risks. On the other, borrowers are growing desperate as loan extensions start to expire on malls, hotels and even some offices that are still struggling as Covid-19 continues to ravage the U.S. economy.

“If you’re willing to do it, you’ll get a lot of deals, but you have to be willing to play in those sectors and take some risks,”

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Just When It’s Needed Most, Start Up Builds Homes 4 Times Faster

Three months, or just 90 days. That’s the current forecast of new home supply that we have in the US, which is an all-time low, says Ali Wolf, chief economist at Zonda, a data, media and advisory company serving the built environment.

Common sense would say that with demand like that, home builders are thrilled. However, so many constraints have been put on building that the process has turned into a very precise formula that squeaks out thin margins in most cases, and more generous in some.

Knowing that, Amit Haller, the CEO and co-founder of home builder Veev, dissected the process to cut out inefficiencies and to make a different business case for home building.

Haller’s new formula proved itself when it was recently able to develop homes four times faster than average traditional

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