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In June 2018, home sales in Canada grew at the fastest pace for the year, Bloomberg reports. In Toronto, which is the leader in sales growth, the indicator increased by 17%. These data indicate the strengthening of the Canadian real estate market. Last month, the number of transactions increased by 4.1% after a decline to a 5-year low in May. The base price of houses decreased by 0.1% compared to May, but increased by 0.9% compared to the previous year. Complicating of the receipt of mortgage loans by the government, as well as raising of the interest rates by the central bank had a significant impact on the real estate market in Canada. Against this background, sales of houses in the country fell for most of 2018. In June, the average selling price in the country fell by 1.3% in annual terms to 495,797 Canadian dollars.
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...
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