The Engel & Völkers News Brief: February 7, 2020

February 7, 2020

E&V News

Quebec City’s Old Quebec Offers a Slice of Europe in North America
Mansion Global
The quaint area, that’s popular with tourists, is still a buyer’s market- for now.

Luxury Home Prices in Toronto Forecast to Increase Up to 7% in 2020: Report
Toronto Storeys
Toronto’s luxury real estate market continued to heat up in 2019 and is showing no signs of slowing down.

German real-estate firm opens first ‘yachting shop’ in California
Trade Only Today
Luxury real-estate firm Engel & Völkers said it has launched its first “yachting shop” in the U.S.

Americas

Real Estate Broker Fees Banned in New York State
Fox News
New York state regulators have decided tenants are no longer on the hook for broker fees.

Interest Rates Aren’t Affecting Canada’s Love Affair with Real Estate Like They Used To
Financial Times
Today’s data on Canada’s biggest housing market saw benchmark prices shoot up 8.7% from the January before, the biggest jump in more than two years.

International

Hong Kong Real Estate Still Offers Long-Term Upsides Despite Protests
Mansion Global
Despite the length and intensity of the protests in Hong Kong, the impact on the city’s luxury home prices has been surprisingly small.

Luxury Living

A Blossoming Dose of Whimsy Takes over Tiffany’s Flagship Next Door
Elle Decor
The brand partnered with London-based florist, FLOWERBX, on an urban garden just in time for Valentine’s Day.

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