Facing an exponential growth in net immigration and construction activity, the prices of the housing sector has experienced their sharpest raise since the years of the financial global crisis.Deutsche Bank estimates overall New Zealand housing is 30 per cent overpriced relative to income and 82 per cent versus rents, with Auckland being the worst outlier.
Heart of Alberta’s oilsands feels pinch in real estate market – down nearly 50 per cent from 2014 levels.
Information from the Canadian Real Estate Association indicates year-to-date MLS sales to the end of July, in the heart of Alberta’s oilsands, are down by 45.5 per cent from the same period a year ago — falling to just 632 transactions. In comparison, Calgary has seen a 27.3 per cent decline.
“This is also being reflected in the rental market in Fort McMurray, where vacancies have skyrocketed in the last six months. The market– both rental and resale, will begin to feel even more pain in the November to February quarter coming up.”
Melbourne in Australia remains the only city in the world to have this week topped the Economist Intelligence Unit’s Global Liveability Index for the fifth year in a row.
“To keep Victoria number one we need to keep investing in the future. In 2015-16 the Victorian Government invested $20 billion in major transport infrastructure and a further $5.4 billion in health and education to create more jobs and grow our economy.”
The annual ranking looks at living conditions in 140 cities across the globe by assigning a rating across five broad categories, including: stability; healthcare; culture and environment; education; and infrastructure.
Ranked first, Melbourne cemented its positions with a perfect score of 100 in healthcare, education and infrastructure and within the culture and environment basket, a perfect 100 on sport underlining the Victorian Government’s continued investment in these priority areas.
Melanie Dawn Molina Wood is a licensed real estate agent and Sales Director with Coldwell Banker Residential Real Estate. She is a Certified International Property Specialist and an accredited LEED Green Associate. For more information about real estate in the Miami area, or to connect with a real estate agent anywhere in the world, contact Melanie Dawn by text/phone at 305-801-3133, or by email at MelanieinMiami@gmail.com.