real estate news 2019

No buyer at New York auction house for Nova Scotia Island

Open this photo in gallery: Renderings of structures proposed for Vollebak Island. The 11-acre property off the coast of West Jeddore was described as ‘a forest, six coves and a local eagle’ by its current owners.Sotheby’s Concierge Auctions An uninhabited Nova Scotia island remains for sale with an asking price of $13.49-million after failing to

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Mississauga Developer’s Building License Revoked Following “Unethical And Illegal Activities”

A “series of unethical and illegal activities” has resulted in the revocation of a Mississauga developer’s building license. The Home Construction Regulatory Authority (HCRA) announced on Thursday that it has revoked Pinetree Developments Inc.’s license to build and sell new homes in Ontario. Following complaints from purchasers and the City of Mississauga, the HCRA launched

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Elon Musk Predicts Home Prices Will Crash Next, Tweeting Commercial Real Estate Is ‘Melting Down Fast’

Bet_Noire / iStock.com Elon Musk is reiterating his warning that the most serious economic looming issue is commercial real estate debt, saying in a tweet that it “is melting down fast.” And the issues, he added, won’t stop there. Housing Market 2023: Prices Are Now So High That Banks Are Losing Money on MortgagesFind: 3

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What Record Office Vacancies Mean for New York City’s Economy

Why It Matters: Office buildings tell the story of New York City’s economy. Before the pandemic, office buildings drove a significant share of the city’s economy. More than 1.5 million employees worked out of New York City offices, often commuting into the city from the boroughs outside Manhattan, New Jersey and Connecticut, and spent money

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