All about business

Real estate securities were an easy sell just two years ago, when they were the market’s top performers. In 2015, in anticipation of an interest rate hike in the U.S., however, many investors exited American real estate stocks – and yet the category...

U.S. housing starts rose more than expected in April as builders ramped up the construction of single and multi-family homes, supporting views that the economy was regaining steam early in the second quarter.
Groundbreaking increased 6.6 per cent to a seasonally adjusted annual pace of 1.17 million units, the Commerce Department said on Tuesday. March’s starts were revised up slightly to a 1.10 million-unit rate from the previously reported 1.09 million-unit...

Life’s better at the cottage, and former Maple Leafs captain Wendel Clark is opening his lakeside getaway to you this summer – but for a hefty price tag of $5,000 a night.
The hockey legend listed his 10-bedroom, eight-bathroom “cottage lover’s dream come true” on Airbnb, saying that all proceeds will be donated to the Heart and Stroke Foundation of Canada. Clark’s cottage is in Muskoka, Ont., a popular summer destination...

Canadian pension fund giant Caisse de dépôt et placement du Québec and the Bronfman family’s private equity firm Claridge are partnering in a new real estate development effort in the Montreal region.
Caisse property subsidiary Ivanhoé Cambridge and Claridge said Wednesday they’re setting up a business alliance with the goal of investing together with private property developers in mid-sized real estate projects in and around Quebec’s biggest city...