53 h. ago Mexico’s Sleepy Stock Market Stirs With Latest Listing Plans

Mexico’s stock market is showing signs of life, with companies again looking to list shares amid renewed investor appetite that’s fueled a record-breaking rally.

Economics

61 h. ago London condo listed at record $2.6M asking price: 'House in the sky'

If the property sells for its asking price, it would be the most expensive condo sold in London's history, by a long margin.

Economics

9 d. ago Here's what you have to earn per hour to afford living in Toronto

Interest rates have eased, the pace of inflation is slowing (though prices are still on the rise), real estate values are plunging, and rent prices are lower than they've been in years.But, it's still nowhere near cheap to live in Toronto, and many people's salaries just aren't keeping up with how the price of goods, services and housing have escalated over the last five years.To float the typical home in the GTA, one needs to rake in more than a staggering $204,000 per year to cover the necessary monthly payments. And, even if you're not locked into an account-draining mortgage, you still have to bring home a hefty sum of cash to afford the average apartment.A new report from researchers at the Canadian Centre for Policy Alternatives (CCPA) estimates that to comfortably cover a one-bedroom unit in Toronto and still have enough left over to fund basic life expenses, one must earn at least $37.66 per hour — more than two times t...

Other

9 d. ago Here's what you have to earn per hour to afford living in Toronto right now

Interest rates have eased, the pace of inflation is slowing (though prices are still on the rise), real estate values are plunging, and rent prices are lower than they've been in years.But, it's still nowhere near cheap to live in Toronto, and many people's salaries just aren't keeping up with how the price of goods, services and housing have escalated over the last five years.To float the typical home in the GTA, one needs to rake in more than a staggering $204,000 per year to cover the necessary monthly payments. And, even if you're not locked into an account-draining mortgage, you still have to bring home a hefty sum of cash to afford the average apartment.A new report from researchers at the Canadian Centre for Policy Alternatives (CCPA) estimates that to comfortably cover a one-bedroom unit in Toronto and still have enough left over to fund basic life expenses, one must earn at least $37.66 per hour — more than two times t...

Other

9 d. ago US real estate market activity hits lows not seen since 2008

Sluggish housing demand and growing inventory leads to poor price growth south of the border.

Other

2 w. ago An adorable Toronto house boat is up for sale for under $500K

Despite declining demand in Toronto's abysmal real estate market, buying a house in this city is still painfully expensive.The average home price is hovering at $1.5 million, and you need a sky-high income just to get your foot in the door.But if you're willing to trade land ownership for docking fees, there's a listing at Bluffer's Park Marina in the Scarborough Bluffs that might be the most affordable house in Toronto right now.The kitchen with seating for four. Listed for $449,000 — after being slashed from $649,000 — this 55-foot floating villa costs less than most downtown studio apartments.The living room. And unlike a shoebox condo, this place comes with swans, sunsets, and a waterfront lifestyle built right in.The bedroom with a little nook for a TV. Purpose-built for year-round living, the one-bedroom houseboat combines smart engineering with a lifestyle that feels part lakeside cottage, part tight-knit neighbou...

Economics

2 w. ago This $2 million home is like a Bali retreat in the heart of Toronto

In a Toronto neighbourhood where homes typically sell for nearly $7 million, the asking price of a newly-listed house at 329 Glen Rd. sure feels like a bargain, because everything is relative.Listed at $1,979,000, this Rosedale property is far below the usual asking price—but there's a reason.For starters, there's only one bedroom, which raises eyebrows for a house that's on a 30-by-136-foot lot. The only bedroom. And then there's the transformation... What would be a traditional Rosedale home has been reimagined as a full-on Bali tropical retreat.The jungle-themed bathroom. The jungle-inspired upper level is the real showstopper, with a retractable glass wall that opens the space completely to the outdoors.The indoor waterfall. A dramatic indoor waterfall wall adds to the resort vibes, creating an indoor-outdoor experience you wouldn't expect to find hiding in the heart of Toronto.A wine cellar. Oversized rooms, curated g...

Economics

2 w. ago No one is buying new homes in Toronto anymore as sales plummet below '90s crash

Even if you're not at all involved, or even interested in Toronto real estate, the sales trends of the last while have been absolutely fascinating, with owners, investors, developers, and realtors left stranded at sea as the market is flipped on its head.The conflation of a brutal economy, rampant unemployment, the ongoing trade war with the U.S., higher interest rates (which are, thankfully, finally on the decline following a peak through 2023 and 2024), and eternally overvalued property has led the GTA to its current point: a months-long standoff in which would-be buyers are completely steering clear of the market.It's caused home sales numbers to tank to record lows, listing volumes to skyrocket to record highs, and available homes to sit up for sale for far longer.It's also pushing developers to put a decided halt on new construction, especially when it comes to the condo segment, which i...

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