Finance & Mortgage

Royal Bank of Canada's Plans For Increased Mortgage Rates

In an attempt to cool the housing market, the mortgage industry has seen a series of changes, and the latest would be Royal Bank of Canada's plan to increase rates on several of its mortgages, The Globe and Mail reports.

Hong Kong Real Estate: Dorm-type Apartment Development Company Targets Unmarried Young Professionals

The startup began by securing a single floor within an old residential building in Sham Shui Po. The entire 5000 square-foot floor space was renovated and divided into 30 rooms with floor areas varying between 50 meters to 150 meters. There is 2 shared bathrooms for everyone, a conference room and a public space.

Number of Vacant US Apartments Rising, Economist Says Class A Properties Are Harder to Lease-up

Some investors are starting to move from developing Class A properties to renovating Class B properties.