forma condo prices.Canada raised interest rates to impact the domestic real estate market. The Bank of Canada’s move to raise interest rates and accelerate them could stifle real estate growth, one of the country’s most important economic drivers.Please Visit: forma condo prices to Get Your VVIP Registration Today!
Housing accounted for about 20% of the country’s economic growth last year. Economists, real estate agents and mortgage brokers predict that growth in the residential real estate market will disappear once interest rates rise and individuals have to pay more mortgages. In the year to February, house prices nationwide rose by a record 29 per cent year-on-year. In its latest quarterly economic outlook released this week, the Bank of Canada said the housing market would be a drag on economic growth this year and next.
The United States ranks second, with 26 billion-dollar real estate billionaires. The total wealth of US real estate billionaires on the list is $111 billion. New York has the largest number of billion-dollar real estate billionaires, with nine, followed by Los Angeles and Newport Beach, California, with two each. The average age of the billionaire real estate tycoon in the United States is 76, 12 years higher than the average age of the global billionaire. Donald Buren of Irving has become the richest man in real estate in the United States with a fortune of 115 billion yuan. U.S. president Donald Trump ranks 82nd on the real estate rich list with 20.5 billion yuan. His assets include real estate in Manhattan, New York, and several golf courses. According to media reports, Trump received a huge amount of money from his father. John A Sobrato’s Sobrato Development is a company specializing in commercial and residential real estate development, mainly around Silicon Valley in California, with more than 100 commercial buildings and more than 30 apartment complexes. Richard Lefrak’s Lefrak is a family-owned business headquartered in New York City that owns, develops and manages real estate. One of the largest landowners in New York’s tri-state area, he worked with his father to develop abandoned docks and railroad battlefields in Jersey City, New Jersey, and built what is now the Newport community. Richard Lefrak contributed to Donald Trump’s re-election campaign in 2020.
Britain ranks third, with 17 billion-dollar real estate tycoons. Fourteen of them live in London. The total wealth of UK property tycoons on the list is $66 billion. The average age was 67 years old. Hugh Grosvenor became the richest man in real estate in Britain with 115 billion yuan.
Singapore ranks fourth, with 10 billion-dollar real estate tycoons, four of whom are immigrants from China. The total wealth of Singapore’s listed real estate tycoons is US $26.3 billion. The average age was 68 years old. Huang Zhixiang and Huang Zhida brothers from the far East, each with a wealth of 39 billion yuan, are the richest real estate in Singapore.
India ranks fifth, with nine billion-dollar real estate tycoons. The total wealth of India’s listed real estate tycoons is $16 billion. The average age was 57 years old. Mumbai is the first choice for most Indian real estate tycoons, followed by Bangalore. Jitendra Virawani of Embassy Real Estate has become the richest man in real estate in India with 22.5 billion yuan. Hoogewerf said: “India’s urbanization has just begun. In the same populous country, the total wealth of India’s listed real estate tycoons is only 1/30 of the total wealth of China’s listed real estate tycoons.”