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Canada’s housing recovery hits a bumpy patch in June
Vancouver and Calgary chart different paths to recovery Vancouver’s home resales rose more than 3% month over month in June, RBC estimated, building on a 6.6% May advance. However, the benchmark price still fell 6% year over year, with detached homes and condos both down more than 7%. That softness echoes CMP’s coverage of Metro…
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As Wall Street’s biggest banks delivered blowout second-quarter results, Morgan Stanley played a leading role in taking SpaceX public during the quarter, sharing a $100 million underwriting fee with Goldman Sachs. Pick framed the macro environment in direct terms during a call with analysts: the AI boom and what he called “the return of geopolitics”…
San Francisco Home Prices Are Now $1 Million Higher Than Housing-Crash Bottom
San Francisco’s median home-sale price dropped to a low of $625,000 in the aftermath of the Great Recession; since then, it has risen over $1 million to more than $1.7 million. The tech industry and recent AI boom have helped propel home prices, enriching homeowners while making America’s most expensive housing market even less affordable…
