Land Development Visibility Boosts Builder Capital Efficiency

Apple is developing a new health and fitness tracker in response to the growing popularity of Whoop’s wrist-worn device and Oura’s smart ring, Bloomberg reported Tuesday (Sept. 22), citing unnamed sources. Apple’s device would be worn on the wrist and would differ from the Apple Watch in that it would have a thin fabric band,…

New listings fell 14% year-over-year, a steeper decline than the 2.1% year-over-year drop in sales, keeping a floor under prices despite softer demand. Ottawa offered a brighter note, edging above year-ago price levels for the first time since November 2025. Montreal saw new listings climb an estimated 7.1% seasonally adjusted from July, extending the city’s…

By Christine Dobby (Bloomberg) –– Canada’s largest banks beat estimates across the board as trading and deals fueled a 35% gain from a year earlier in their capital-markets earnings, provisions for credit losses remained contained and the lenders’ domestic-banking units delivered solid results. The country’s two biggest lenders — Royal Bank of Canada and Toronto-Dominion…

Key insight: Royal Bank of Canada continues to see lots of organic growth potential for City National Bank, its U.S. banking franchise. Still, that doesn’t mean M&A isn’t a possibility. What’s at stake: RBC’s growth plan for City National includes expanding its presence in the Southeast, executives said Thursday. The right M&A deal would have…

Mortgage rates are based on bonds, but whereas bonds improved slightly from Friday’s levels, mortgage rates are microscopically higher for the average lender. The issue is timing. Mortgage lenders set rates last Friday during a time of day when bonds were at their best levels. In other words, today’s improvement is only an improvement relative…