The residential schools established across North American to assimilate and Christianize the children of the native tribes are well-known for the terrible suffering they caused: earlier this month, Pope Francis issued a formal apology on behalf of the Roman Catholic Church to survivors and families impacted by Canadian residential schools. These schools did not only
Real Estate
The typical home buyer’s monthly mortgage payment rose 39%, the largest year-over-year gain on record as the average 30-year-fixed rate hovered at a 12-year high of 5.1%. That’s according to a new report from Redfin, a technology-powered real estate brokerage. Redfin’s data on home buyer mortgage payments is based on asking-price data going back to
An interesting thing happened to homes with swimming pools over the initial year of the pandemic. Prior to Covid-19’s onset, houses featuring in-ground pools sold for an estimated $16,137 more than those lacking the coveted feature. A year later, following the move outdoors during the pandemic’s darkest months, houses with in-ground pools commanded $27,199 more
Ever since the pandemic housing boom, U.S. house prices have kept on climbing, leaving many potential buyers at a loss of how they could afford a place of their own in the red hot market. According to numbers published by the St. Louis Fed, median prices for U.S. houses have increased from around $323,000 at
It is the plight of every residential developer to manage the constant march of time with the impermanence of trends. In the few years it takes to complete construction, prevailing styles may change and what was once set to be fashionable can quickly become dated. Trends in Los Angeles start and end so quickly that
Continuing a recent trend for high-end properties in Dubai, a luxury residence in Jumeirah Bay Island has closed for a record-breaking number, this time for highest recorded residential price per square foot. Located in the renowned Bulgari Resort and Residences development, the three-bedroom unit sold for AED 40 million (roughly US $10.9 million), according to
Like all fashions, architecture and interior design are constantly evolving. With each new decade comes new styles and techniques—some are passing fads while others stand the test of time. Caught between the push and pull of timeless and modern, many designers and homebuilders today have opted for a marriage of the two: transitional style. Defined
The last five years have seen unprecedented growth within the life science sector. Tech advancements, new products and capital infusions from both public and private sectors have all helped fuel the record-breaking expansion. According to Cushman & Wakefield’s Q1 2022 Life Sciences Sector North America Update, sector growth has directly driven burgeoning demand for laboratory
“Green acres is the place to be. Farm livin’ is the life for me,” sang the star of the hit TV sitcom Green Acres in its iconic theme song. In the show’s 1965 pilot, successful Manhattan lawyer Oliver Wendell Douglas took his reluctant wife Lisa from glitzy Gotham to a country farm in Hooterville, USA.
Topline The housing market has taken off this year as home prices continue to surge amid high inflation and ongoing supply chain issues, but some experts say prices could soon level out as mortgage rates rise and demand drops. Key Facts With the Federal Reserve gearing up to reduce its portfolio of roughly $5 trillion