In October, the total hit the lowest level since October 2010, below expectations. Worse, relative to the number of American households, sales are the lowest since the early 1980s, below the worst post-crisis period in 2008. At the same time, note that the low number of transactions keeps prices high: the median price is still … Read more
Despite the still-cautious tone from central bankers about the end of the tightening cycle, necessary to maintain an ounce of credibility to keep inflation expectations anchored, investors are no longer wrong and considering rate hikes as of old. Macroeconomic data released last week confirms the continued movement of disinflation and outlines an ideal “soft landing” … Read more
© Bloomberg/GETTY IMAGES – The Minister of Economy also congratulated the military programming law. “Let’s think about savings product dedicated to defense», urged Bruno Le Maire, this Thursday 23 November on franceinfo. In the 2024 Finance Bill adopted at first reading, the amendment allows the use of Livret A and Sustainable Development Booklet (LDD) resources … Read more
In order to restart the construction of houses, the executive wishes to “double the production of transitional rental housing (LLI)” in stressed areas, from now until the end of the five-year period (increase from 15,000 to 30,000 units per year). This Thursday, November 16, in Dunkerque, Élisabeth Borne announced the commitment of the State and … Read more
Is the worst of the mortgage crisis behind us? The number of loans provided is far from raising the bar (-43.5% in one year according to the Logement Credit Observatory), but some good news will please borrowers. Loan rates have stopped going up and better yet, they are starting to go down. Big banks that … Read more
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Posted on 10/26/2023 at 11:43 am Precision Drilling attributed the 4.1% year-over-year increase in revenue to firmer drilling and services revenue, partially offset by lower activity. (Photo: The Canadian Press) Precision Drilling on Thursday reported third-quarter profit of $19.8 million, down 35% from $30.7 million in the same period last year, even as its … Read more
With the new reduction in Pinel tax exemption rates in 2024, it is becoming increasingly difficult for investors to turn to real estate to reduce their tax burden. However, in the first case, they can turn to the Loc’Avantages system. The principle is simple: the lower the rent offered, the greater the income tax reduction … Read more
National Bank Financial’s Gabriel Dechaine lowered his recommendation on Laurentian Bank shares to “underperform.” (Photo: 123RF) What to do with GDI Building Services, Wesdome and Laurentian Bank securities? Here are some analyst recommendations that are likely to change prices soon. Note: the author may have a completely different opinion than the one expressed. GDI Building … Read more
Lightening up for buyers as mortgage rates rise? Economy Minister Bruno Le Maire announced this morning to RTL the extension of the so-called “PTZ” system, loans with zero interest. It allows an individual to get a portion of their loan without the slightest interest, subject to means testing. Originally, this state support was supposed to … Read more