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Real estate stocks help China shares rise on relaxed residency curbs – Financial Post



SHANGHAI — China stocks rose on Thursday, aided by strong gains in real estate firms as Beijing rolled out measures to promote urbanization.

** The CSI300 index rose 0.4%, to 4,007.61, by the end of the morning session, while the Shanghai Composite Index gained 0.4%, to 2,992.41.

** China scrapped restrictions on household registration permits for cities under 3 million population, and comprehensively loosened such curbs for cities of 3 to 5 million residents, according to a document issued by the cabinet.

** In April, China said it would relax residency curbs in many of its smaller cities this year and increase infrastructure spending.

** The CSI300 real estate index rallied 2.7%, led by Jiangsu Zhongnan Construction Group with a gain of 6.2%.

** Easing norms for urban residency will promote urbanization and boost housing demand, said Yuan Hao, an analyst with Huachuang Securities, in a report.

** On the trade front, China on Wednesday said both sides’ economic and trade teams were in close communication about detailed arrangements for the phase one deal’s signing and other follow-up work.

** Around the region, Japan’s Nikkei index was up 0.45%.

** The yuan was quoted at 6.9932 per U.S. dollar, 0.06% weaker than the previous close of 6.989.

** The largest percentage gainers in the main Shanghai Composite index were Hylink Digital Solution Co Ltd, up 10.03%, followed by Luoyang Glass Co Ltd, gaining 10.03%, and Inly Media Co Ltd, up by 10.02%.

** The largest percentage losers in the Shanghai index were Harbin Gong Da High-Tech Enterprise Development Co Ltd , down 5.19%, followed by Shanghai Zhixin Electric Co Ltd, losing 5.04%, and Shenzhen Geoway Co Ltd , down by 5.03%.

** As of 04:03 GMT, China’s A-shares were trading at a premium of 26.26% over the Hong Kong-listed H-shares. (Reporting by Luoyan Liu and Brenda Goh; Editing by Subhranshu Sahu)

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Real estate quiz: Which Metro Vancouver home for sale has the most bathrooms? $10-million mansion holds record –



If disaster strikes and you and 14 of your friends need to use the loo at the same time, which home in Metro Vancouver is the best place to be at?

Adam Major, managing broker of Holywell Properties, got you covered.

But first of all, Major and Holywell Properties are not selling this home, which currently holds the title of most bathrooms.

The luxury property is on the market for nearly $10 million.

The exact listing price is $9,980,000.

Rather, Holywell Properties operates, an online real-estate site that features listings, sales, and other information on properties.

To answer the question, the home that is currently on the market and has the most number of baths is 13283 56 Avenue in Surrey.

The mansion has 11 full baths and four half baths, for a total of 15.

What Major finds interesting is that the technology for the Multiple Listing Service or MLS that realtors use to post information only lets agents to list up to a maximum of 12 baths.

“That makes it hard for buyers to know that this house actually has 15: 11 full baths and four half baths,” Major told the Straight.

Major wonders if this incomplete information explains why it’s been taking a while to sell the luxury home, which features views of Boundary Bay.

“That inability to show how many bathrooms there actually are may partly explain why this house has lingered on and off the market for six years without a sale,” he said.

The 11-bed home was listed on January 21, 2015 for $12,880,000. The listing was terminated on May 7 of the same year with a reduced price of $9,388,000.

Other unsuccessful listings were likewise made in the following years and at various prices.

On December 14, 2020, the 16,398-square-foot home came on the market, with Angell, Hasman & Associates (Malcolm Hasman) Realty Ltd. as listing agent.

As of Sunday (January 24, 2021), the Panorama Ridge area home remains unsold after 41 days with its listing price of $9,980,000.

The 13283 56 Avenue home in Surrey has 15 baths: 11 full baths like this one in the image and four half baths.

One may wonder about the latest B.C. Assessment valuation of this home.

Its 2021 total value as of July 1, 2020 is $5,948,000.

The home speaks opulence. It has a pool, fireside outdoor lounge, private guest suite, home theatre, massage and spa room, professional gym, wine room, and media sports centre with baccarat and wet bar.

The property “sits majestically” on a “park-like estate” with a gated driveway and manicured gardens.

Likely because of the limitations of the MLS noted by Major, the marketing blurb by Angell, Hasman & Associates (Malcolm Hasman) Realty Ltd. made sure to mention that the home has 11 full baths and four half baths.

This $9.9-million home in the Panorama Ridge area of South Surrey has the most number of bathrooms.


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This Week’s Top Stories: Canadian Real Estate Prices Increase Over 25x The Rate of US Home Prices, and BoC Sees “Gradual” Softening – Better Dwelling



Time for your cheat sheet on this week’s most important stories. 

Canadian Real Estate 

Canadian Real Estate Prices Grew Over 25x Faster Than U.S. Prices Since 2005

Poor policy choices have led to a comically large gap between Canadian and US home prices. Canadian home prices generally move in line with US home prices, but disconnect in 2005. Instead of falling, prices accelerate in growth through to today. The result is prices have now grown over 25x faster than US home prices over the same period. Most surprising though, is half of these increases occurred in just the past 5 years.

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Bank Of Canada Sees Real Estate Softening “Gradually”

Canada’s central bank sees real estate softening “gradually” in the coming years. They believe the recent surge is due a shift in buying preferences, due to low interest rates. Sudden demand for single-family homes is due to this temporary shift. As these purchases normalize, the organization expects sales driven by the preference swap to fade. Along with the slowing sales, they expect “price growth will soften.”

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Canadians Collecting Unemployment Benefits Surges To A Record High

The number of Canadians collecting unemployment benefits surged to a record high. There were 1.24 million unadjusted claims in November, up 200.9% from a year before. The previous month represented the bulk of the increase, due to CERB ending. That means the bulk of these claims were a result of unemployment earlier this year. However, the fact that it’s still rising indicates there’s still more people getting hammered by this recession.

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Bank Of Canada Index Shows Real Estate Is The Most Affordable In Years. It’s Wrong

The Bank of Canada’s affordability index shows real estate is the most affordable in years. No one’s buying that narrative, so what gives? The index shows households require 31.5% of their disposable income for housing in Q3 2020. The past two quarters have been the lowest since 2015, raising some eyebrows. It has to do with how it’s calculated, and the CERB driven boost to disposable income. In other words, the indicator is broken during the pandemic.

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Canadian Real Estate Markets Are Low On Inventory, As Pandemic Slows New Listings

The pandemic is encouraging people to stay put, but the BoC is encouraging people to buy. The combination is leading to very high demand, in a low inventory market. Small cities like Trois Rivieres, Sherbrooke, and Gatineau are seeing inventory sell almost at the rate it’s listed. Western Canada is still slower than the national average, but are still unusually busy for this time of year.

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Ontario’s Most Popular Real Estate Market Is Now Rural, While People Flee Toronto

Ontario’s most popular real estate market isn’t a new hip urban area, it’s the country. Outside of census metropolitan areas (CMAs) saw a net intraprovincial increase of 10,392 people in 2020. The rural increases were unusual, until the surge of young people exiting Toronto over the past few years. Toronto’s net loss of population to other parts of the province works out to 50,375 people in 2020. This is the largest net loss in decades of data, and possibly goes back much further. Despite the pandemic contributing to the trend, it actually started a few years ago. Right around when home prices took off.

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Vancouver Real Estate

Vancouver Residents Were Moving To Rural BC, And Abbotsford Before The Pandemic

The pandemic has Vancouver residents seeking more space in rural B.C., but the trend goes back further. There were 45,481 people that left the Greater Vancouver region in 2019 for other parts of Canada. Rural B.C. is the number one place for those migrating, which saw a net inflow of 5,751 of residents. The trend is believed to have accelerated due to the pandemic, which has led to a distinct surge in rural home sales. It didn’t start during the pandemic though, with the trend going back a few years now, to when home prices took off.

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ACT NOW: 1 Real Estate Stock That Could Double in Value – The Motley Fool Canada



Bridgemarq Real Estate Services (TSX:BRE) is headquartered in Toronto, Canada and provides services to residential real estate brokers and realtors in Canada. It offers information, tools, and services that assist the company’s customers in the delivery of real estate sales services. The company was incorporated in 2003 and was formerly known as Brookfield Real Estate Services.

Bridgemarq generates cash flow from franchise fees and other services derived from a national network of real estate brokers and realtors. Brokers and realtors in Canada provides services while operating under the Royal LePage, Via Capitale and Johnston & Daniel brand names. The company’s franchise network controls a 17% share of the Canadian residential resale real estate market based on transactional dollar volume.

The Royal LePage brand is geographically diverse as realtors operate throughout Canada. While the Johnston & Daniel brand operates as a division of Royal LePage in central Ontario, it’s positioned to expand geographically. The Via Capitale brand operates substantially in the province of Quebec.

The company generates both fixed franchise fees and variable franchise fees. Variable franchise fees are primarily driven by the total transactional dollar volume from the sales commissions of realtors, while fixed franchise fees are based on the number of realtors in the franchise network. The franchise systems are designed to allow franchisees and realtors to focus on customers, business development and spend less time on administrative activities, thereby increasing overall productivity and profitability.

Bridgemarq also earns revenue from ancillary services provided to realtors including referrals to financial institutions and lead generation for brokers and realtors. Services provided to brokers and realtors are intended to assist them with the profitable, efficient and effective delivery of real estate sales services.

Through a portfolio of highly regarded real estate franchise brands, Bridgemarq caters to the diverse service requirements of regional real estate professionals across Canada. The company’s revenue is driven primarily by franchise fees derived from long-term franchise agreements. These franchise fees are weighted toward fees that are fixed in nature, which moderates the impact of cyclical variations in Canadian residential real estate.

Bridgemarq has no employees and the underlying costs of the company are comprised primarily of management fees paid, public company operating costs and carrying costs associated with the company’s debt.

Key drivers that impact the company’s financial and operating performance include the number of realtors in the franchise network, transactional dollar volumes, the manner in which the company’s contracted revenue streams are structured and the company’s success in attracting realtors and brokers to the company’s brands. The company’s performance is impacted by the general economic activity, Canadian housing market, and government and regulatory activity.

The company seeks to grow earnings and cash flows by increasing the number of realtors in the franchise network. It does this by attracting and retaining brokers and realtors through the provision of high quality, fee-for-service offerings. The provision of these services is intended to increase the productivity and profitability of brokers and realtors and encourage brokers and realtors to enter into franchise agreements with Bridgemarq.

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