News

S&P rates CubeSmart proposed notes 'BBB-'

he company plans to use the proceeds from the offering to repay outstanding borrowings under its unsecured credit facility and for general corporate purposes, which may nclude acquisitions, investments in joint ventures, and repaying other debt.

U.S. builders create more single-family homes

U.S. builders started work on more single-family homes in May and requested the most permits to build homes and apartments since 2009.

Real estate is recovering: BMO Capital Markets

Even though there's been a drop in U.S. housing prices, the real estate market is still recovering, according to BMO Capital Markets Economics, a financial services company.