Real Estate
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A look back at the priciest and cheapest places to live in the GTA and other 2023 real estate insights and sales data
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‘Making Money’ host Charles Payne calls out some outrageously excessive CEO compensation packages.
A million dollars does not stretch very far in the most expensive cities in the world.
In Monaco – the European enclave known for attracting the rich and famous with its luxurious lifestyle and tax haven status – $1 million fetches just 172 square feet, according to the 2024 wealth report published by Knight Frank.
That is the smallest amount of space $1 million will buy you in the 15 city locations surveyed.
Hong Kong came in second, with 236 square feet, followed by Singapore with 344 square feet. London and Geneva, Switzerland, rounded out the top five with a respective 355 square feet and 365 square feet, according to the report.
WALL STREET IS GROWING MORE WORRIED ABOUT 1970S-STYLE STAGFLATION RISKS
Residential apartment buildings and yachts at the Port de Fontvieille, Monaco, on Oct. 18, 2023.
Homebuyers are more often getting the “upper hand” — and better prices — on sellers in Canada’s slowing real estate markets, according to a new Royal Bank of Canada report.
The RBC analysis of the October resale market argues higher interest rates have the fall housing market “stuck in a low gear.”
Inventories are still growing, but not at the pace seen for the past few months in Toronto, Vancouver and the Fraser Valley. Buyers are still finding they have more options to choose from, leading to a “rebalancing of market conditions.”
Those buyers who are able to qualify for a mortgage amid higher interest rates have been able to extract lower prices in some Ontario, Quebec and British Columbian markets, according to the report from RBC’s Robert Hogue and Rachel Battaglia.
Toronto, Montreal, Vancouver and
Canadians earning average incomes may struggle to afford homes in the country’s urban centres, but new research from Zoocasa is highlighting real estate markets where homes are within reach.
Zoocasa researched home affordability in 17 major Canadian real estate markets and found that people earning the median income for their city could not afford a home at the average price tag in 10 of those markets.
However, the findings suggest buyers could find luck outside major cities like Toronto, Vancouver and Ottawa.
Saint John, N.B., stood out as a city with the greatest home affordability, according to Zoocasa.
At $79,000, the median income was lower in the Atlantic Canadian city compared with the other listed markets, but the average price of a home in Saint John was listed as $291,000 – far below the maximum home price threshold of
31 Gaerloch Ave, Tamarama is understood to have sold for about $45m.
Advertising guru David Droga has been revealed as the buyer of Australia’s most expensive oceanfront home.
Speculation about the new homeowner has been growing after it was revealed that the modest four bedroom bungalow in Tamarama had sold for around $45m.
According to the Financial Review, Droga snapped up the 1100 sqm home above the Bondi to Bronte walk after it was on the market for seven months.
Droga currently lives in New York City and his plans for the property remains to be seen.
![TWAM-DROGA](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1280 720"%3E%3C/svg%3E)
David Droga currently lives in New York City Photo: Nigel Barker
The bungalow, which is called Lang Sayne, was built in the 1920s and sold for £9750 in 1959.
The price guide was $47m-$52m but it is understood Droga bought the property for a sum towards the lower end of that scale.
