Real Estate

The Federal Reserve terminated two mortgage-related enforcement actions against Wells Fargo & Co. from more than a decade ago, the central bank said Tuesday.

The number of homes that changed hands in the Vancouver area rose again last month, but the city’s real estate board says new listings outpaced demand.

Alternative asset manager Balbec Capital LP has clinched more than $1.7 billion in commitments for its sixth flagship fund, which will invest in residential and commercial mortgage debt, making it the firm’s largest to date.

Administrators of bankrupt Signa Prime Selection AG are preparing to launch the sale of the Vienna Park Hyatt and adjoining luxury retail premises, including Prada’s flagship store, according to people familiar with the matter.

The Calgary Real Estate Board says January home sales dropped 12 per cent from last year but remained nearly 30 per cent higher than levels typically recorded for the month.

Now is a ripe time to buy high-quality commercial real estate names like CBRE Group and D.R. Horton as President Trump’s tariff play sparks widespread market weakness, KBW managing directors Jade Rahmani and Ryan Tomasello say.

Canada Mortgage and Housing Corp. says high housing costs are restricting population mobility in the country, as Canadians are finding that it’s too pricey to buy or rent in cities where they seek jobs.

Pending sales of US homes declined last month for the first time since July, as high borrowing costs and prices especially hit the costliest parts of the country.

One chief economist says the Bank of Canada’s most recent rate cut is likely to spur activity in the housing market, with other experts saying there is still pent-up demand.

Experts say homeowners with variable mortgage rates will benefit from lower monthly payments after the Bank of Canada’s latest cut to its key policy rate.

Commercial real estate still faces headwinds after the Bank of Canada’s move to lower interest rates, according to some experts, with others expecting the move to spur increased transaction activity.

Many snowbirds are scrambling to sell their homes in Florida as a weak loonie and high insurance costs drive a Canadian exodus from the sunshine state.

Brookfield Asset Management Ltd. said it plans to ramp up real estate investments in Japan after buying a stake in a landmark Tokyo hotel and a large plot of land for logistics development in deals worth a combined $1.6 billion.

For Canadian renters, it may feel like the years since the COVID-19 pandemic have brought one hit after another. However, experts say the rental market across the country seems poised for a cool-down in 2025 as more supply opens up and some look to buy their first home.

KKR & Co. is moving its infrastructure and real estate assets under the same leadership as it looks to capitalize on converging opportunities between the rapidly expanding investing units.