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Small-town real estate heating up in big city way – Yahoo News Canada

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The Canadian Press

A look at COVID-19 vaccinations in Canada on April 4, 2021

The latest numbers on COVID-19 vaccinations in Canada as of 10:30 p.m. ET on Sunday April 4, 2021. In Canada, the provinces are reporting 44,982 new vaccinations administered for a total of 6,233,533 doses given. Nationwide, 719,100 people or 1.9 per cent of the population has been fully vaccinated. The provinces have administered doses at a rate of 16,447.63 per 100,000. There were 135,100 new vaccines delivered to the provinces and territories for a total of 7,974,970 doses delivered so far. The provinces and territories have used 78.16 per cent of their available vaccine supply. Please note that Newfoundland, P.E.I., Nova Scotia, New Brunswick and the territories typically do not report on a daily basis. Newfoundland is reporting 13,720 new vaccinations administered over the past seven days for a total of 68,951 doses given. The province has administered doses at a rate of 131.679 per 1,000. In the province, 1.84 per cent (9,654) of the population has been fully vaccinated. There were zero new vaccines delivered to Newfoundland for a total of 101,660 doses delivered so far. The province has received enough of the vaccine to give 19 per cent of its population a single dose. The province has used 67.83 per cent of its available vaccine supply. P.E.I. is reporting 4,895 new vaccinations administered over the past seven days for a total of 25,153 doses given. The province has administered doses at a rate of 158.565 per 1,000. In the province, 4.55 per cent (7,212) of the population has been fully vaccinated. There were zero new vaccines delivered to P.E.I. for a total of 31,885 doses delivered so far. The province has received enough of the vaccine to give 20 per cent of its population a single dose. The province has used 78.89 per cent of its available vaccine supply. Nova Scotia is reporting 28,255 new vaccinations administered over the past seven days for a total of 111,403 doses given. The province has administered doses at a rate of 114.154 per 1,000. In the province, 3.03 per cent (29,530) of the population has been fully vaccinated. There were zero new vaccines delivered to Nova Scotia for a total of 186,050 doses delivered so far. The province has received enough of the vaccine to give 19 per cent of its population a single dose. The province has used 59.88 per cent of its available vaccine supply. New Brunswick is reporting 33,407 new vaccinations administered over the past seven days for a total of 120,673 doses given. The province has administered doses at a rate of 154.701 per 1,000. In the province, 3.46 per cent (27,012) of the population has been fully vaccinated. There were zero new vaccines delivered to New Brunswick for a total of 147,685 doses delivered so far. The province has received enough of the vaccine to give 19 per cent of its population a single dose. The province has used 81.71 per cent of its available vaccine supply. Quebec is reporting 41,194 new vaccinations administered for a total of 1,529,541 doses given. The province has administered doses at a rate of 178.755 per 1,000. There were 135,100 new vaccines delivered to Quebec for a total of 2,127,605 doses delivered so far. The province has received enough of the vaccine to give 25 per cent of its population a single dose. The province has used 71.89 per cent of its available vaccine supply. Ontario is reporting zero new vaccinations administered for a total of 2,424,063 doses given. The province has administered doses at a rate of 165.025 per 1,000. In the province, 2.19 per cent (321,469) of the population has been fully vaccinated. There were zero new vaccines delivered to Ontario for a total of 2,825,795 doses delivered so far. The province has received enough of the vaccine to give 19 per cent of its population a single dose. The province has used 85.78 per cent of its available vaccine supply. Manitoba is reporting zero new vaccinations administered for a total of 204,107 doses given. The province has administered doses at a rate of 148.225 per 1,000. In the province, 4.39 per cent (60,519) of the population has been fully vaccinated. There were zero new vaccines delivered to Manitoba for a total of 343,730 doses delivered so far. The province has received enough of the vaccine to give 25 per cent of its population a single dose. The province has used 59.38 per cent of its available vaccine supply. Saskatchewan is reporting zero new vaccinations administered for a total of 214,246 doses given. The province has administered doses at a rate of 181.695 per 1,000. In the province, 3.32 per cent (39,119) of the population has been fully vaccinated. There were zero new vaccines delivered to Saskatchewan for a total of 232,495 doses delivered so far. The province has received enough of the vaccine to give 20 per cent of its population a single dose. The province has used 92.15 per cent of its available vaccine supply. Alberta is reporting zero new vaccinations administered for a total of 653,010 doses given. The province has administered doses at a rate of 148.342 per 1,000. In the province, 2.36 per cent (103,926) of the population has been fully vaccinated. There were zero new vaccines delivered to Alberta for a total of 848,315 doses delivered so far. The province has received enough of the vaccine to give 19 per cent of its population a single dose. The province has used 76.98 per cent of its available vaccine supply. British Columbia is reporting zero new vaccinations administered for a total of 788,249 doses given. The province has administered doses at a rate of 153.608 per 1,000. In the province, 1.70 per cent (87,394) of the population has been fully vaccinated. There were zero new vaccines delivered to British Columbia for a total of 989,250 doses delivered so far. The province has received enough of the vaccine to give 19 per cent of its population a single dose. The province has used 79.68 per cent of its available vaccine supply. Yukon is reporting zero new vaccinations administered for a total of 35,470 doses given. The territory has administered doses at a rate of 849.968 per 1,000. In the territory, 27.78 per cent (11,592) of the population has been fully vaccinated. There were zero new vaccines delivered to Yukon for a total of 51,400 doses delivered so far. The territory has received enough of the vaccine to give 120 per cent of its population a single dose. The territory has used 69.01 per cent of its available vaccine supply. The Northwest Territories are reporting zero new vaccinations administered for a total of 37,655 doses given. The territory has administered doses at a rate of 834.571 per 1,000. In the territory, 30.88 per cent (13,933) of the population has been fully vaccinated. There were zero new vaccines delivered to the Northwest Territories for a total of 51,600 doses delivered so far. The territory has received enough of the vaccine to give 110 per cent of its population a single dose. The territory has used 72.97 per cent of its available vaccine supply. Nunavut is reporting zero new vaccinations administered for a total of 21,012 doses given. The territory has administered doses at a rate of 542.581 per 1,000. In the territory, 19.99 per cent (7,740) of the population has been fully vaccinated. There were zero new vaccines delivered to Nunavut for a total of 37,500 doses delivered so far. The territory has received enough of the vaccine to give 97 per cent of its population a single dose. The territory has used 56.03 per cent of its available vaccine supply. *Notes on data: The figures are compiled by the COVID-19 Open Data Working Group based on the latest publicly available data and are subject to change. Note that some provinces report weekly, while others report same-day or figures from the previous day. Vaccine doses administered is not equivalent to the number of people inoculated as the approved vaccines require two doses per person. The vaccines are currently not being administered to children under 18 and those with certain health conditions. In some cases the number of doses administered may appear to exceed the number of doses distributed as some provinces have been drawing extra doses per vial. This report was automatically generated by The Canadian Press Digital Data Desk and was first published April 4, 2021. The Canadian Press

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Credit 'Zombies' on the Rise as Real Estate Firms Lead Charge – BNN

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(Bloomberg) — The walking dead of the corporate world are multiplying — and the property industry sustains the most.

A new study on companies that have dodged default for years, even though they don’t have enough money to pay interest, comes just as markets from Hong Kong to New York are roiled by real-estate giant China Evergrande Group’s showdown with its creditors. 

Consultancy firm Kearney found their numbers have expanded by 9% globally in the past decade, in part because loose monetary policy has allowed them to keep rolling over debts. 

While “zombies” have been on the rise since the last financial crisis, the pandemic looks likely to bolster their ranks, with more companies seeking waivers after taking on unsustainable piles of debt when economies were shuttered.

The OECD defines zombie companies as those that have been trading for more than 10 years and have been unable to cover their interest burden from their operating revenues for three consecutive years. 

Kearney studied records of 67,000 listed companies from 152 countries. It found:

  • 7.4% of real-estate firms were zombies
  • 5.9% of healthcare
  • 5.5% of telecommunications and media
  • 5.1% of travel and tourism

Within retail, online retail had a slightly bigger share of zombies than brick-and-mortar counterparts, potentially due to the low profitability of online players, according to the report.   

Europe

At least 5 issuers are offering debt on European markets on Thursday, with new issuance volumes of at least EU2.25 billion-equivalent.

  • Bank of England voted to keep bond-buying target and interest rate benchmark unchanged at a record-low 0.1%
  • Ashmore Group Plc’s Jan Dehn is set to leave the firm, ending a 16-year stint at the emerging market-focused money manager
  • SMCP’s majority shareholder, European TopSoho’s, failed to redeem at maturity EU250 million 4.0% bonds exchangeable into SMCP shares

Asia

Financial regulators in Beijing issued a broad set of instructions to China Evergrande Group, telling the embattled developer to focus on completing unfinished properties and repaying individual investors while avoiding a near-term default on dollar bonds.

  • Global investors will focus on China Evergrande Group’s $83.5 million interest payment due Thursday on a five-year dollar note
  • The People’s Bank of China pumped in 110 billion yuan ($17 billion) of cash with seven- and 14-day reverse repurchase agreements.
  • Four Chinese firms were offering dollar bonds Thursday, ending a three-day lull in the Asian credit market amid holidays and concern about contagion from the distressed property giant Evergrande

U.S.

Federal Reserve Chair Jerome Powell said there is little direct U.S. exposure to debt of the Chinese company Evergrande but said it could impact global financial conditions

  • Powell said the Fed could begin scaling back asset purchases as soon as November and complete the process by mid-2022
  • The takeover of medical supply company Medline Industries Inc. is being funded by the largest leveraged buyout loan in three years
  • A gauge of volatility in the $4 trillion market for state and local-government debt has tumbled to just shy of a record low set in early January

©2021 Bloomberg L.P.

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Record-breaking real estate: North Saanich property sells for nearly $23M – CHEK

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The sale of a multi-million dollar listing in North Saanich is shattering any previous record for highest house price on Vancouver Island.

For $22.75 million, the Lawrence Road property includes a 13,000-square-foot home with eight bathrooms, six bedrooms, a two-storey study, a detached yoga studio, an infinity pool, tennis court, gym — even an underground wine cellar.

The president of the Victoria Real Estate Board, David Langlois, said the property is unique.

“You are looking at a very high-end, very interesting property that is going to offer features that you simply can’t find anywhere else,” he said.

It also comes with its own detached two-bedroom guest cottage.

“It’s significant in that it’s certainly the largest recorded sale that we’ve seen in our marketplace,” Langlois said.

“We do have a lot of really valuable real estate throughout the Greater Victoria area. We’ve got lots of private islands, and lots of estate-like settings. It’s not surprising.”

In June, a property in Metchosin sold for $12 million. It sits on 67 acres and a stream runs under parts of the 10,000-square-foot home.

WATCH: Luxury home with stream running through it sets real estate record in Greater Victoria

At the time, it was the highest price ever paid through the Victoria Real Estate Board listings.

Tina Ireland, a regional assessor with BC Assessment, said there are fewer homes in the luxury market available right now.

“The luxury home market is more unique though of course, because the properties are more unique.”

With demand up for properties worth $4 million and more, so are prices.

“Last year’s assessment, we had seen a 10 per cent increase,” Ireland said. “This year I think we’ll see at least that in our assessed values.”

There have been 245 sales of homes in the $2 million category so far in 2021, compared with just 94 in the same period in 2020.

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Dubai real-estate firm DAMAC approved to take firm private – 95.7 News

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DUBAI, United Arab Emirates (AP) — A Dubai real-estate company known for its deals with former President Donald Trump said Thursday it had received regulator approval for an effort to take the firm private.

DAMAC Properties still plans to offer $595 million for outstanding shares of the company, the firm said in a filing on Dubai Financial Market stock exchange.

It said it would offer an update on the plan in the coming weeks. It earlier announced plans in June for the offer to take the company private, then withdrew them as regulators examined the plan.

The buyout would be through Maple Invest Co. Ltd., a holding company of DAMAC’s billionaire founder Hussain Sajwani. Sajwani owns nearly four-fifths of the company through various investment firms.

DAMAC stock traded up Thursday over 3% on the news. The firm has a market capitalization of over $2 billion.

DAMAC is known in Dubai for a development that features a Trump-branded golf club surrounded by villas and apartments, making it the only one of its kind in the Middle East that bears the Trump logo.

The company’s partnership with the Trump Organization to manage and run the golf course was struck before Trump’s election as U.S. president.

The Associated Press

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