Rival protesters faced off on Thursday outside a synagogue north of Toronto, where a touring Israeli real estate exhibition promoting land for purchase in the occupied West Bank was making its final Canadian stop.
A York Regional Police officer with binoculars stood on the roof of the synagogue in the community of Thornhill, watching dozens of protesters below him who were waving Israeli flags on one side and Palestinian flags on the opposite side of the street.
On the steps of the synagogue where the Great Israeli Real Estate Event was being hosted, demonstrators played pop music, danced and chanted “Israel is a Jewish land.” Across the street, protesters chanted “Palestine is not for sale” and called for the exhibition inside the synagogue to be shut
Hong Kong residential prices could fall by another 10% in 2024, according to DBS Hong Kong.
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Hong Kong’s property market has plunged nearly 20% since its peak, and it may be a good time for homeowners to buy — but investors might want to think twice, according to Peter Churchouse, chairman and managing director of real estate investment firm Portwood Capital.
With property prices in the city down 15-20% since their peak, Churchouse said now may be a good time to buy a property in Hong Kong if you’re looking to own a home, but investors hunting for yield should look at Australia and New Zealand instead.
Investors and homeowners have different priorities, Churchouse pointed out.
For homeowners looking to buy, “prices down this much is probably not a bad time to look to be buying” if you can afford to pay mortgage and
Data provided in the response list 67 actively leased properties across Canada and in five in other countries
Published Sep 25, 2023 • Last updated 2 days ago • 3 minute read
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The CBC owns nearly half a billion dollars in real estate holdings, according to recently released documents, with more than two-thirds of the value comprised of its expansive downtown Toronto broadcasting centre.
A response to a May 2023 order paper question submitted by Conservative MP Adam Chambers about the government-owned broadcaster lists 12 corporation-owned properties across the country, a portfolio worth $444,414,469.
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Once a beneficiary of China’s property boom, Lan Mingqiang is now an unwitting casualty of its unraveling.
The financial troubles at one real estate company, Country Garden, have left him unable to pay the school fees for his son, who is starting seventh grade. Country Garden owes $21,000 to his company, which makes fences and billboards on construction sites. Now, with Country Garden days away from a default, this money is more out of reach than ever.
“Nowadays, real estate is hard,” Mr. Lan said. He recently gave up on the business and left his family in the southern city of Chongqing to try to make a living selling snacks to tourists in Zhengzhou, a city in the north of China.
Mr. Lan is just one in a long line of people waiting to get paid by Chinese property developers. Once the country’s biggest creator of jobs, the housing market
China’s property sector is continuing its yearslong crisis, as giant developers risk default and home prices continue to sink, perhaps by more than what official data suggests.
Real estate constitutes about 30% of China’s GDP, making it the single biggest contributor to the world’s second-largest economy.
That makes it the “most important single sector of the global economy,” James McCormack, Fitch’s global head of sovereigns, told Bloomberg TV in a Thursday interview.
“There’s a structural change underway; it is not going to be the growth driver of the Chinese economy the way it has been in the past,” he continued.
Yet China is unlikely to step in and provide “massive support to property developers,” McCormack predicted, given Beijing’s previous wish to lower debt in the real estate sector and reduce property’s overall importance to the economy.
The decline of real estate was not “unintended,” McCormack believes, even though the “spillovers