Global Scans · Real Estate · Weekly Summary

• The annual growth of real residential investment will jump to an average of 10.8% in 2025 and 2026 because of declines in mortgage interest rates and the increased demand for housing associated with the large number of recent immigrants. Congressional Budget Office
• With Karachi building upwards to house its expanding population, but unregulated building leaves poor families at risk, an IIED film, 'Karachi rising', outlines solutions that could benefit the whole city. International Institute for Environment and Development
• Canada would need about 5 million housing units to restore affordability by 2030, well above the 3.5 million units projected by the Canada Mortgage and Housing Corporation in 2022. Yahoo Finance
• Housing affordability in Canada will not return to pre-pandemic levels in the next two years, even if economic weakness weighs down home buying activity. Yahoo Finance
• With a target of achieving 250 franchise offices by the end of 2024 and expanding to 1,000 franchisee offices by the end of 2026, RE/MAX India is on a trajectory to redefine the real estate landscape. Big News Network.com
• The manufacturing sector in China has been in contraction for the fourth consecutive month due to deflationary risks, weak demand, and challenges in the real estate sector. EquityRT
• With signs of renewed pressure in the US banking and commercial real estate sector, January's narrative - that resilient economic growth will overcome and counterbalance the re-financing pressure headwinds of high interest rates and loan yields - may well be tested. Tatton Investment Management
• The biggest threat facing America in 2024 is not the person who will occupy the White House after November's election. Yahoo News
• If Trump returns to the White House in 2024, Tehran could adopt a more restrained approach that prioritizes economic development. TRT World Research Centre
• The collapse of Evergrande, given its extensive reach and significant debt burden, could have far-reaching ramifications not only for China's real estate sector but also for its broader economy and global markets. Inventiva
• China faces economic challenges and societal issues, such as youth unemployment and a housing crisis, which could stir discontent. The Diplomat
• The integration of real estate markets with global processes opens up substantial opportunities for growth. MDPI
• The credit risk of China's real estate enterprises is not sensitive to changes in house prices but is very sensitive to the credit policy of the real estate industry. Nature
• The painful process of rebalancing away from an excessive reliance on real estate, compounded by the onset of local government debt restructuring, is expected to place downward pressure on China's growth over the next three to five years. Reference Hub
• Victory in the fight over inflation will boost economic growth and house prices in 2024, leaving families feeling better off. The Telegraph
• The White House and Congress should not turn their backs on the chance for America to lead on a new clean energy technology that has tremendous potential. SpaceNews
• Given the provincial government's commitment to significantly expedite the construction of new housing and target 1.5 million new homes by 2030, regulatory action could be a significant support and ensure alignment with an overarching clean energy economy commitment. Ontario.ca
• Canada's housing minister is warning that municipalities without a ban on exclusionary zoning will not succeed with applications for federal housing accelerator funding. CBC
• The commercial real estate landscape remains dynamic, responding to global shifts and local needs, with the hope for increased stability in the coming year. The Landsite
• Given that wage trends are also stuck in the 4% to 5% range, and now even housing may be showing a pulse, suggests that the Bank of Canada will doggedly maintain a cautious stance at next week's rate decision and Monetary Policy Report. The Globe and Mail
• Commenting on the outlook for key markets in 2024, Rio Tinto said it expects Chinese stimulus measures to drive a gradual recovery over the year, albeit weighted towards the second half, with weakness to persist in the real estate sector. MarketScreener

Last updated: 10 February 2024