Man Behind ‘As Seen on TV’ PedEgg to Buy $100 Million Miami Home
Anand Khubani is negotiating one of the largest real estate purchases ever made in the Miami area, according to two people with knowledge of the matter.
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Anand Khubani is negotiating one of the largest real estate purchases ever made in the Miami area, according to two people with knowledge of the matter.
The embattled head of the Federal Deposit Insurance Corp. told Republican lawmakers calling for his resignation that he was moving quickly to overhaul the agency’s workplace culture after a probe detailed dozens of sexual harassment and discrimination complaints.
Canada’s housing starts fell for a second consecutive month as the country’s construction shortfall continues.
TBD, a digital payment platform owned by Block Inc., has partnered with Chipper Cash, one of the largest financial technology firms in Africa to accelerate its global cross-border payments.
Canada’s housing market posted a surge in the number of properties available for sale, one of the biggest monthly gains in listed inventory on record, as homebuyer demand waned amid persistently high interest rates.
Apr 11, 2024
The Canadian Press
The Canadian government will allow 30-year amortization periods on insured mortgages for first-time homebuyers purchasing newly built homes.
Finance Minister Chrystia Freeland made the announcement in Toronto today, saying it would take effect Aug. 1.
The Canadian Home Builders' Association has advocated for longer amortization periods, saying five more years would help with affordability and spur more construction.
Freeland also said the government will nearly double — to $60,000 — the amount first-time homebuyers can withdraw from RRSPs to buy a home.
That's up from $35,000, to take effect April 16, the day the federal budget is set to be released.
People who make such withdrawals between Jan. 1, 2022, and Dec. 31, 2025, are also getting more time to begin repayment — up to five years in total rather than two.
This report by The Canadian Press was first published April 11, 2024.