‘Interest rates are the primary driver of the housing market’
By Reporter
09 June 2021
|
1 minute read
SHARE
The housing market is pegged to interest rates rather than to a calendar cycle, The Property Nerds have revealed, noting that while unit prices follow a more cyclical process, houses do not.
“All roads lead to interest rates, which ultimately then is the primary driver of the housing market,” one-half of The Property Nerds’ duo, Kent Lardner, told Smart Property Investment.
Mr Lardner’s business partner, Arjun Paliwal, agreed.
To prove his theory, Mr Paliwal recently reviewed property growth trends over the last 25 years, calling into question the prevalent belief that property booms every eight to 10 years.
Mekong states work together to fight virus By ZHANG YUNBI | China Daily | Updated: 2021-06-10 10:05 Share CLOSE A person receives the second dose of Sinovac s COVID-19 vaccine at the Kodang stadium in Bangkok, Thailand June 4, 2021. [Photo/Agencies]
Foreign ministers from six countries pledge to deepen local cooperation
Beijing has pledged to continue providing vaccines and medical supplies to the five Southeast Asian countries along the Mekong River to help them win a final victory in the fight against the COVID-19 pandemic.
Public health funds under the Lancang-Mekong Cooperation Special Fund can be made good use of to support the construction of biosafety protection laboratories and projects for epidemic surveillance and cross-border infectious disease prevention and control, State Councilor and Foreign Minister Wang Yi said when chairing the 6th Lancang-Mekong Cooperation Foreign Ministers Meeting in Chongqing
PARIS (Reuters) - Global food import costs are expected to rise 12% in 2021 to a record due to surging commodity prices and robust demand during the COVID-19 crisis, the United Nations food agency said. The world s food import bill, including shipping costs, is projected to reach $1.715 trillion this year, from $1.530 trillion in 2020, the Food and Agriculture Organization (FAO) said in its twice-yearly Food Outlook report on Thursday. Growth in agricultural trade during the pandemic showed the inelastic nature of food consumption and the resilience of international markets, but price rises since late 2020 were raising risks for poorer import-reliant countries, the FAO said.
Calgary, Alberta (Newsfile Corp. - June 9, 2021) - Red River Capital Corp. (TSXV: XBT.P) ("Red River " or the "Company"), a capital pool company listed on the TSX Venture Exchange ("TSXV" or the "Exchange")