News

Toronto And Vancouver Real Estate Are Undervalued In The Global Market, Expert Says

For over a decade, the Toronto and Vancouver real estate market has been getting bad publicity. Real estate articles, commentaries and analysis commonly discuss the high levels of mortgage debt, speculative investors and the unfolding of the markets when interest rates rise. Time and again, predictions have been made that the real estate market situation in Toronto and Vancouver will inflict put the Canadian economy in peril.

US Real Estate News: December Brings In More Closed Deals

December is indeed a merry month, especially for real estate agents. According to a study conducted by Realtor.com, there was a jump in real estate activity during the second week of December. The study showed a 10% rise in signed contracts from the previous week, followed by a 5% bump in closings.

Hiton Shares Jump 5.2% After Real Estate Investment Trust Spin Off Plans

Spinning off properties into Real Estate Investment Trusts (REIT) has become a common move among restaurant, retail and casino companies seeking tax benefits offered to property trusts. Among the companies that has recently been reported to be spinning off their properties is hotel magnate Hilton Worldwide Holdings Inc. which shares jumped 5.2% after the REIT spin off was revealed.