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The Engel & Völkers News Brief: Friday, January 27, 2017

Friday, January 27th, 2017 at 11:30am Engel & Völkers


E&V News

Hockey Legend Wayne Gretzky Sells Los Angeles Mansion for $6 Million 
PEOPLE 
Hockey legend Wayne Gretzky, 55, has sold his home in Los Angeles's exclusive Sherwood Country Club for $6 million, the listing agents Nicole Van Parys and Gary Nesen of Engel & Völkers confirms to PEOPLE.

The Best Cities for Buying a Ski Home 
DuJour 
Find the winter escape that’s right for you.

Menorca: Why the Tech Crowd Are Heading to the Balearic Island 
Financial Times 
A start-up ‘decelerator’ is attracting millennials and sparking interest in the island’s property market.

Apogee South Beach Residence Asks $9M 
Curbed Miami 
Become Pat Riley’s neighbor for just under $9M.

Engel & Völkers Opens New Shop in Muskoka, Ont. 
Real Estate Magazine 
Engel & Völkers North America recently announced the opening of a shop in Muskoka, Ont.

North America

B.C.'s Foreign Buyer Tax Soothes 'Problematic' Vancouver Housing Market 
CTV News 
British Columbia’s tax on foreign real estate buyers is having its desired effect, dragging home prices down from dizzying highs compared to the rest of Canada, according to research from BMO Nesbitt Burns.

Trump Administration Suspends Mortgage Premium Rate Cut 
CNN Money 
The freshly-inaugurated Trump administration has halted a cut to the FHA mortgage insurance premium that Obama's team announced during his final days in office.

U.S. Home Sales Drop as Supply Tumbles to 17-Year Low 
The New York Times 
U.S. home resales fell more than expected in December as the supply of houses on the market dropped to levels last seen in 1999, but the housing market recovery remained intact against the backdrop of a tightening labour market.

International

Chinese New Year Brings Surge to Australian Property Market 
Domain 
Year of the Rooster signals a strong start to 2017.

Luxury

The Best Limited-Edition Luxuries This Chinese New Year 
Forbes 
Here is a selection of the finer, tasteful and creative examples of lunar luxe currently available for those celebrating the impending Year of the Fire Rooster.

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