AGP Executive Report
Last update: 3 hours agoMortgage Shock: US 30-year fixed rates jumped to 6.71%, the highest level since July 2025, as a global bond sell-off and Middle East tensions pushed Treasury yields higher—raising costs for homebuyers and would-be refinancers. Local Tax Pressure: Calgary’s mayor says leaked budget documents amount to a “wishlist,” but the figures point to steep property-tax hikes needed to fund proposed spending, with updated numbers set for a Sept. 22 closed session. Commercial Real Estate & Finance: Irish housing looks stretched—ESRI says prices are 17% overvalued, driven mainly by affordability and supply gaps rather than a credit bubble. Global Asset Moves: EPC Power agreed to be acquired by Flex for $4.4B, a deal tied to powering AI-era data centers and grid upgrades. Community Land-Use Fight: NYC officials and neighborhood groups are trying to save the Kips Bay AMC multiplex as NYU Langone weighs the site’s future after an early lease termination. Higher-Ed Property: EDGE won a University of Leeds framework role covering project management, cost and building surveying for estate upgrades, including net-zero and compliance work.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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