Toronto home sales fell to a five-month low in November, with prices also seeing a modest decline, as economic uncertainty kept buyers cautious. Seasonally adjusted sales dropped 0.6% to 5,620 units, and the home price index fell 0.4% month-over-month to C$971,100 (USD 694,536). Yearly figures show a 15.8% drop in sales and a 5.8% decline in prices. The Bank of Canada's recent interest rate cuts aim to support the economy, but long-term employment confidence remains a key factor influencing housing activity.Read more

UltraGreen.ai, a medical imaging company from Singapore, saw its shares jump 8% on debut after raising USD 400 million in the city's largest non-REIT IPO since 2017. The funds will support product development, acquisitions, and global expansion. Its rise highlights investor confidence in Singapore's stock market, especially as the country implements reforms to encourage listings, including easier dual listings and modernized trading systems. The company's entry marks a significant milestone in Singapore's IPO landscape, making it the third-largest offering on the exchange this year.Read more

Ferrovial is exploring more opportunities at US airports as work advances on its USD 9.5-billion New Terminal One project at New York's JFK Airport. CEO Ignacio Madridejos told the Reuters NEXT conference that, despite softer demand expected in 2025 due to inflation and policy uncertainty under President Donald Trump, the company remains confident in long-term air travel growth. The JFK terminal will open in phases from 2026, and Ferrovial sees New York as a uniquely strong market. Its highways division also posted a 14% revenue rise to EUR 1 billion in the first nine months of 2025. Madridejos said public-private partnerships will continue driving US infrastructure development.Read more

Portugal will fast-track its public housing programme and now plans to build 150,000 new homes by 2030, a major increase from the earlier target of about 59,000. The EUR 9-billion initiative aims to support low-income households struggling with soaring property prices and rents. Funding will come from EU recovery funds, the national budget and European Investment Bank loans. With public housing making up only 2% of Portugal's six-million home stock-one of the lowest shares in Europe-the government is also offering incentives for private landlords, including a reduced 10% rental income tax for lower rents. The move comes amid severe shortages, especially in Lisbon, where prices have surged dramatically.Read more

Balfour Beatty expects its 2025 order book to grow by about 20%, supported by more than GBP 3.5 billion in new power-generation contracts won this year. The company said it will deliver full-year results ahead of last year's GBP 252 million operating profit, helped by solid performance in UK construction and support services. Demand for power transmission and distribution projects, driven by national low-carbon goals and higher public infrastructure spending, has strengthened margins. Shares touched a record 726.5 pence following supportive government measures. New CEO Philip Hoare said the firm aims to expand earnings-based contributions through 2026, with additional share buybacks planned for next year.Read more

Clariane SE is set to sell nine real estate assets in Belgium to Care Property Invest, valued at EUR 143 million, with Clariane's portion estimated at EUR 74 million. The deal aims to reduce the group's debt and financial leverage. Korian Belgium will continue operating all facilities under 20-year leases. The move reflects Clariane's ongoing strategy of optimizing its European real estate portfolio by monetizing assets while securing long-term operational income. This approach follows past measures focused on debt reduction and portfolio rationalization.Read more

Saudi Arabia's 2026 budget forecasts a deficit of 165 billion riyals (USD 44 billion), reduced from this year's 245 billion riyals shortfall, amid a focus on diversifying the economy. The government is entering the third phase of Vision 2030, emphasizing effective implementation of reforms. Spending priorities are shifting from large real estate projects toward logistics, technology, minerals, and religious tourism. Expenditure is projected at 1.31 trillion riyals, with revenues at 1.15 trillion riyals. The Public Investment Fund is recalibrating projects to ensure they meet strategic goals.Read more

Dubai's real estate sector sustained its remarkable performance earlier this week, with November activity pushing full-year property sales past last year's record despite one month still remaining. The latest market figures from fam Properties and DXBinteract indicated strong growth across apartments, villas, commercial units and plots, supported by higher price levels and continued global and regional investor interest. Off-plan transactions once again dominated, and several emerging and established communities led activity. High-value deals, rising median prices and a broad spread of sales across price bands underscored the depth of demand shaping the emirate's ongoing property cycle.Read more

Singapore Land Group has proposed acquiring a land parcel at 6 Raffles Boulevard for SGD 99.1 million, reinforcing its strategy to expand holdings in prime urban areas. The move is seen as part of the company's effort to strengthen its portfolio and prepare for potential future developments, possibly in commercial or mixed-use formats. This acquisition follows the group's consistent approach of investing in high-demand locations to support long-term growth. The parcel adds to its central business district assets, reflecting a careful and strategic land investment pattern.Read more

Fairstone Bank has agreed to acquire Laurentian Bank in an all-cash deal valued at about CUSD 1.9 billion, offering a 20% premium over Laurentian's previous closing share price. The transaction, expected to close by late 2026, will strengthen Fairstone's commercial real estate presence, especially in Quebec. Laurentian, which had completed a strategic review in 2023 and later undertook restructuring, sees the acquisition as supporting its shift toward commercial specialisations. Fairstone will buy all outstanding shares at CUSD 40.50 each. In a related move, National Bank of Canada will acquire Laurentian's retail and SME portfolios, which together hold loans and deposits worth over CUSD 12 billion.Read more