BC real estate: home sales soar to $49.7 billion for first nine months of 2020, up 25 percent over …

The real estate market continues to be a bright spot in B.C. … The realestate association also noted that the average residential price set a … (This story is sponsored by the Consulate General of the Republic of Korea in Vancouver.).
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    It’s as if the pandemic never happened.

    The real estate market continues to be a bright spot in B.C.

    From January to September 2020, a total of $49.7 billion worth of homes sold across the province.

    The number represents a 25.1 increase compared to the first nine months of 2019, which recorded $39.7 billion in transactions.

    These figures form part of the statistical report released Wednesday (October 14) by the B.C. Real Estate Association (BCREA).

    Also from January to September this year, buyers picked up 65,023 homes.

    The sales represent a 12.5 percent increase over the 57,798 homes sold in the first nine months of 2019.

    Average price year-to-date also increased to $764,298.

    The number constitutes an 11.2 percent increase over the average price from January to September 2019 of $687,334.

    The month of September 2020 also posted record highs.

    According to the BCREA, 11,368 homes sold last month, an increase of 63.3 percent from September 2019.

    The real-estate association also noted that the average residential price set a monthly record of $803,210, a 15.3 percent increase from $696,647 of the previous year.

    In addition, the total value to the sales in September reached $9.1 billion, an 88.3 percent increase over 2019.

    BCREA chief economist Brendon Ogmundson said: “Both total sales and average prices were the highest ever for the month of September as pent-up demand from the spring pushes into the fall.”

    On September 9 this year, the association released a report titled The Unusual World of Pandemic Economics.

    The report cited several factors behind the strong performance of the real estate market amid the COVID-19 health crisis.

    These include uneven job losses across sectors, an increase in the rate of savings by households, quick government aid like income support, tighter-than-ever housing supply, and low interest rates.

    “One thing we know for sure is that pandemic economics are very unusual and in these unprecedented times, history may not be as strong a guide,” the report stated.

    In a media release that went with the report, BCREA chief economist Ogmundson noted that by “looking at recent data in the housing market, it would be difficult to tell there was a recession at all”.

    “In a typical recession, we would see falling demand and rising supply, but this recession is anything but typical,” Ogmundson said.

    More

    Good signs in business climate: NDC

    TSMC, the world’s largest contract chip maker whose customers include Apple Inc, Advanced Micro Devices Inc, Qualcomm Inc and Nvidia Corp, has …

    BETS ON HOLD: People could be more confident of a recovery when improvement across sectors exceeds 5 percent for five straight months, a council official said

    • By Crystal Hsu / Staff reporter

    The government’s business climate monitor last month showed “yellow-blue” for the fifth straight month, with the domestic economy stalled amid the COVID-19 pandemic, although it is starting to show signs of improvement, the National Development Council (NDC) said yesterday.

    “Though the gauge continued to point to a slowdown, the total score gained 2 points, rising to 21 from 19, suggesting that the economy is improving,” council research director Wu Ming-huei (吳明蕙) told a media briefing in Taipei.

    The council uses a five-color spectrum to portray the nation’s economic landscape, with “green” indicating steady growth, “red” suggesting overheating and “blue” signaling a recession. Dual colors indicate a transition.

    Photo: CNA

    Component measures of the TAIEX, and imports of machinery and electrical equipment improved, while the reading on industrial production dropped, the council said.

    The remaining five subindices were steady, it said.

    Imports of capital equipment rose 13.2 percent year-on-year last month to US$4.07 billion as local semiconductor firms sought to upgrade their technologies to meet demand, government data showed.

    Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) on July 16 increased its planned capital expenditure this year by US$1 billion, citing demand from 5G infrastructure deployment and high-performance computing applications.

    TSMC, the world’s largest contract chip maker whose customers include Apple Inc, Advanced Micro Devices Inc, Qualcomm Inc and Nvidia Corp, has purchased four plots of land in Taiwan so far this year to accommodate new facilities.

    The index of leading indicators, which predicts the economic situation for the following six months, increased 1.23 percent to 102.39, its third straight month of gains, on the back of improved export orders, business sentiment and labor accession rates, the council said.

    However, the pickup is not even or fast enough to suggest a recovery, Wu said, adding that business at non-tech firms remained sluggish.

    It would be safer to bet on a recovery when the cumulative improvement exceeds 5 percent, remains so for five straight months and encompasses most sectors, she said.

    The index of coincident indicators, which reflects the current economic situation, weakened 0.1 percent to 98.79, weighed by unfavorable non-farm payrolls, overall power consumption and industrial output, the council said.

    Until the global pandemic stabilizes, uncertainty would continue to disrupt life and haunt manufacturing and business activity, Wu said.

    Indian equities face correction after 50% rally: Reuters poll

    “I expect a correction of 10% plus in the current calendar year at some point,” said Bharat Arora, equity strategist at B&K Securities in Mumbai, citing …

    By Indradip Ghosh

    BENGALURU (Reuters) – Indian stocks won’t return to their pre-COVID-19 levels this year despite a rally in recent months because companies face further difficulties and a market correction is likely, a Reuters poll of equity strategists found.

    The benchmark BSE Sensex Index <.BSESN> has rallied over 50% from a record low hit on March 24, a day before Prime Minister Narendra Modi imposed a strict nationwide lockdown, which ended at the start of June, to try to control the pandemic.

    The index is still down around 6% so far this year and is about 8% below its life-high of 42,273.87 on Jan 20.

    Nearly two-thirds, or 30 of 46 equity strategists polled, said a significant correction in Indian equities was either likely or very likely over the next three months.

    “I expect a correction of 10% plus in the current calendar year at some point,” said Bharat Arora, equity strategist at B&K Securities in Mumbai, citing expectations for poor corporate earnings and economic performance in the previous and the current quarter.

    The BSE Sensex was forecast to end 2020 at 39,000, near Tuesday’s close of 38,843.88, the latest Reuters poll taken Aug. 13-25 found. That would be a 5.5% loss for 2020, marking its worst calendar year performance since 2011.

    It was predicted to rise to 40,500 by mid-2021, which would still be more than 4% below the pre-pandemic high of 42,273.87.

    Asked what would likely drive stocks for the rest of the year, most of those questioned said economic data and corporate earnings rather than the direct impact of the spread of the novel coronavirus.

    The virus has infected nearly 3.2 million people in India, where cases are accelerating at the fastest pace in the world.

    Asia’s third-largest economy was forecast in the previous quarter to have shrunk 20.0% – the first double-digit contraction since official quarterly data began in the mid-1990s – and no growth for the rest of the year, a separate Reuters poll of economists found.

    With business activity and consumer sentiment restrained, Indian companies have reported their most disappointing numbers in the previous quarter in at least three years, with a quick rebound not expected soon.

    “There is a lot of demand destruction and after the recent and nascent pent-up demand gets exhausted, there will again be a slowdown. To come back to a pre-COVID-19 scenario the economy will have to tackle lot of issues,” said Neeraj Dhawan, director at Quantum Securities in New Delhi.

    The latest poll findings also resonate with widespread criticism of New Delhi’s $266 billion economic rescue package, which does not contain new spending, tax breaks or cash support to revive demand and prevent firms from collapsing.

    “Although the government has provided some support to the economy by announcing a fiscal stimulus package, we believe more would be needed to get the economy back on track,” said Ajit Mishra, vice-president of research at Religare Broking Ltd in New Delhi.

    (Reporting by Indradip Ghosh; Polling by Shaloo Shrivastava, Tushar Goenka and Md Manzer Hussain; Editing by Ross Finley and Barbara Lewis)

    Global and China Robot Market to Witness Huge Growth by 2027 Best Manufacturers included in …

    ABB, Automation, Ecovacs, EFORT Intelligent Equipment, Estun Automation, FANUC, Guangzhou CNC Equipment, KUKA, OMRON ADEPT …

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    Investment Strategy During Crisis

    In this article, I will highlight the main reasons why investing in real estate is the best way to invest your money in times of crisis. [Sources: 17]

    The reason why real estate investments are a top choice for investors even in times of crisis is that investors will continue to make money in the long term. Beginners can enjoy great success in real estate investment, owing to low interest rates and low volatility in times of financial crisis. Look for long-term opportunities during a financial crisis because they don’t come around often. Personal Finance Insider writes products, strategies and tips to help you make smart decisions with your money. [Sources: 3, 4, 5, 17]

    If you are looking for a passive investment idea that will probably keep 5-9% of your job during a crisis, real estate investments are a top option. Many investors prefer value investments because this strategy can get complicated very quickly, but it has also proven to be very high-yield. Every investment strategy has its advantages and disadvantages, and it is important to do your research and see if investing in the future is the right step for you. Few have passed the crisis test and continue to offer investors long-term returns of more than 10% per year during the financial crisis. [Sources: 1, 17]

    For most investors, the trick is not to get in the way of themselves and sell at a loss in difficult times. ETF investors can weather a crisis if they follow the following six steps. The golden rule is that you should not panic-sell quality stocks, for example, and not buy high-risk or low-return stocks with high returns. [Sources: 0, 14]

    None of the above is a perfect hedge, but they all buy you some sort of safety margin. Given that the market can misjudge in any direction, and that none of them is a perfect hedge, the easiest way to make money during a downturn is to take long cash or equivalent. There is no good time to invest in a recession, just as there is during any recession. [Sources: 4, 9]

    A better strategy for recession is to invest in well-managed companies with a long-term track record and strong balance sheets. Some investors may consider developing a strategy based on a combination of long cash, short stocks and long bonds, as well as short equity. [Sources: 12]

    Remember to hold defensive assets so you can weather a financial crisis without selling shares. However, you should keep a few funds on hand before you go public. This includes investing in broad-based stock index funds or selecting individual stocks that are believed to perform well in a stock market crisis. [Sources: 0, 3, 5]

    This can be difficult when faced with an investment strategy for the future and short-term uncertainties. Some investors remain invested in the market to mitigate downside risk, but this risk is increased during periods of heightened risk, such as a financial crisis or economic downturn. [Sources: 8, 15]

    Many investors who have worked all their lives to save for retirement think that this has happened in past recessions like the GFC. Those who foresee a crisis coming can implement a short-term strategy to benefit from a falling market, but such investment strategies will be wrong if the market continues to slide downwards, as we saw with the 2008 financial crisis. Don’t let the short-term terror of the stock market tempt you into making the decision to move your money out of shares and into cash. [Sources: 6, 7, 11, 16]

    If you want to invest in a financial crisis, you should take a well-thought-out approach. To manage your assets well and effectively in times of crisis, it is important to take a long-term perspective, define an investment strategy, adhere to a set of guidelines, and diversify your portfolio across asset classes, so that you do not, in simple terms, put all your eggs in one basket. Investment strategies during recessions should be aligned with your expertise so that you can guarantee a solid level of participation. [Sources: 2, 10]

    In order to manage your assets profitably and effectively in the times of COVID-19, you must first of all reassess your financial goals and investment goals. Do not let the current financial crisis deter you from pursuing your long-term financial goal. Stay focused on your goals, whether it’s maximizing your IRA or investing for retirement or retirement. Besides finding niche ideas and expertise that suit people like you, a basic principle is when you want to invest in a financial crisis. [Sources: 2, 10, 13]

    Stocks tend to suffer during recessions, so you’ll probably want to choose growth stocks primarily. Investing in stocks with a long-term, high-yield, low-risk portfolio may not be exciting, but it is an important step toward building a solid portfolio that can weather a recession or stock market crisis. If your portfolio contains value and growth stocks, it will help you discover profitable stocks to get through the long periods of decline that markets are experiencing. There are a lot of investment strategies for young people and you don’t want to have to sell your shares in a falling market. [Sources: 1, 3, 16]

    Sources:

    (0): https://www.justetf.com/uk/news/etf/can-your-etf-portfolio-withstand-a-crisis.html

    (1): https://www.greedyrates.ca/blog/is-value-investing-a-good-strategy/

    (2): https://fundsup.co/how-to-invest-during-a-financial-crisis-a-quick-investors-guide/

    (3): https://investorjunkie.com/investing/invest-during-a-crisis/

    (4): https://catanacapital.com/blog/investing-during-recession-economic-downturn/

    (5): https://www.businessinsider.com/personal-finance/money-saved-to-invest-during-financial-crisis-opportunity-fund-2020-4

    (6): https://economictimes.indiatimes.com/mf/analysis/can-you-always-make-money-by-investing-in-a-falling-market/articleshow/75042059.cms

    (7): https://russellinvestments.com/us/blog/risks-fleeing-cash-crisis

    (8): https://www.janushenderson.com/en-us/advisor/article/after-crisis-finding-long-term-value-in-small-cap-stocks/

    (9): https://www.financialsamurai.com/how-to-make-lots-of-money-during-the-next-downturn/

    (10): https://www.financialexpress.com/money/how-to-manage-wealth-effectively-during-the-covid-19-crisis/1994142/

    (11): https://www.investopedia.com/articles/investing/041415/investing-crisis-high-riskhigh-reward-strategy.asp

    (12): https://www.investopedia.com/ask/answers/042115/whats-best-investing-strategy-have-during-recession.asp

    (13): https://havenlife.com/blog/how-to-financially-prepare-for-recession/

    (14): https://www.theglobeandmail.com/investing/investment-ideas/article-three-strategies-to-avoid-in-crisis-conditions-rosenbergs-no/

    (15): https://8020consulting.com/capital-investment-strategies-covid-19/

    (16): https://abcnews.go.com/Business/story?id=4260434&page=1

    (17): https://www.mashvisor.com/blog/real-estate-investment-best-strategy-crisis/