Startup Roomily / Hasbro Entertainment / Mortgage

Market Stats

1. October homes sales in Canada were down by 3.7 percent year over year. Vancouver saw lower sales while there was a slight rise in Ontario and Montreal. Inventory is at a 5.3 months supply on a national level. The number of new listings fell by 1.1 percent in October. The average price for a home sold in October was $496,800 down 1.5 percent from the previous year. Some economists see the modest downturn as good news as it signifies that Canada's real estate market may avoid a more major collapse. — HUFFPOST CANADA

Image Credit: The Canadian Real Estate Association

2. Mortgage rates stabilized as applications continue to fall. Overall applications for the past week were down by 3.2 percent and purchase applications were at their lowest volume since February 2017 according to data from the Mortgage Bankers Association. Refinance applications have declined to their lowest rate since 2000. Applications for new homes dropped 2.1 percent from the previous year but were up 11 percent from the prior month. The 30-year fixed-rate mortgage came in at 4.94 percent. — USA TODAY

3. Commercial real estate agents reported an average income of $150,700, the highest income ever reported by the National Association of Realtors.The average income was up $30,000 from one year ago. Agents reported that they are doing fewer deals but the increase in sale prices made commissions higher. More women are getting into commercial real estate, the percentage of NAR's commercial members rose to 30 percent, up from 27 percent in 2017. — THE REAL DEAL

4. Hasbro is licensing its name to a line of family entertainment centers across the US and Canada. The centers will feature Hasbro brands and will include multiple activity zones. Hasbro brands to be features include Monopoly, My Little Pony, GI Joe, and Trivial Pursuit. — BISNOW

5. Roomily is a startup that will match homeowners with potential renters.The company also plans to provide rent collection and background checks.  — MERCURY NEWS

6. Tiny house of the week: Roost 36 is a tiny farmhouse on wheels in Winston-Salem, North Carolina. The home can be rented on Airbnb for $120 per night. It can host a family of four and has a full kitchen, bathroom with a tub and a living room with a glass wall that opens up to a spacious, screened-in deck. The home was created by Perch & Nest which offers several tiny home rentals on its farm. — APARTMENT THERAPY

Image credit: Perch & Nest

7. A new Monopoly for Millennials board game takes aim at Monopoly's traditional real estate focus. The box for the game says:  "Forget real estate, you can't afford it anyway." Both millennials and real estate agents took to Twitter to complain. — FORTUNE

8. Asking prices for residential real estate in the UK fell by 1.7 percent in November and are down 0.2 percent from last year, the first time there has been a monthly pricing drop since 2011. Luxury real estate continues to show weakness around London, according to analysis by Rightmove. When prices rose in England seven years ago, they started in the capital and moved outward, now the same phenomenon is happening with price decreases. London's prices are impacting the rest of the market in a ripple effect with the biggest drops seen in commuter towns. Sellers are reporting fewer showings and increased days on market. — BLOOMBERG

9. Airbnb has revealed quarterly earnings as it heads toward an initial public offering. It says it brought in more than $1 billion during the third quarter of this year. Airbnb reports it will be profitable for the second year in a row. — CNBC

10. One real estate developer is betting that the cannabis craze applies to luxury real estate. Ramtin Ray Nosrati of Huntington Estate Properties is building spec estates with what has been dubbed a "cannabis conservatory." The rooms are designed for both smoking cannabis as well as growing your own supply (Californians can legally cultivate six plants for personal use). Nosrati compares the rooms to other amenities like a cigar room or wine cellar and tasting room. The rooms will also include two years of plant-tending and maintenance services. — TMZ

Image Credit: mgretailer