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The Daily Download

Friday, July 17, 202627 stories

🇨🇦 CANADA

Business Law / Data Insights

Stewart Information Services Stewart Title acquires majority stake in Rattikin Title

Stewart Information Services has acquired a majority interest in Rattikin Title Company, expanding its portfolio in the title insurance and real estate services sector. The acquisition strengthens Stewart's market position and operational capabilities in title services.

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Industry & Market Trends

Bank of Canada Policy Rate Bank of Canada holds policy rate at 2.25% for sixth consecutive meeting

The Bank of Canada maintained its policy rate at 2.25% for the sixth consecutive meeting, signaling a pause in rate adjustments amid ongoing economic uncertainty and inflation concerns. The BoC warned that food inflation may persist, indicating continued attention to price pressures.

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Housing Transaction Volume Canadian housing starts decline 5.6-6% in June from May

Canadian housing starts fell between 5.6% and 6% in June 2024 compared to May, continuing a pullback trend in residential construction activity. This data from CMHC signals ongoing weakness in the housing market, reflecting broader economic pressures on new home construction.

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Housing Transaction Volume Toronto anchors Canada's commercial real estate rebound

Toronto is leading a recovery in Canada's commercial real estate sector, showing signs of stabilization after recent market challenges. This regional strength in the commercial segment suggests differentiated performance across property types and geographies.

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Housing Transaction Volume Canada's historic housing market meltdown may have finally hit bottom

Analysis suggests Canada's housing market downturn may be reaching a floor, offering potential stabilization ahead after an extended period of decline. This assessment reflects growing optimism that the worst of the market correction may have passed.

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Housing Transaction Volume Pending home sales decline sharply, missing forecasts

Pending home sales in Canada declined sharply, missing market forecasts and signaling weakening demand in the residential real estate sector. This decline reflects broader challenges in the housing market amid economic uncertainty.

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Law Firm M&A Activity F2 Strategy acquires Intelligo Partners to expand wealth technology consulting in Canada

F2 Strategy has acquired Intelligo Partners to strengthen its wealth technology consulting capabilities in the Canadian market. This acquisition demonstrates ongoing consolidation within the professional services and technology consulting sectors serving financial services clients.

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Real Estate Market CREA lowers 2026 sales forecast amid luxury condo market slump

The Canadian Real Estate Association (CREA) has reduced its 2026 sales forecast, citing ongoing challenges in the luxury condo segment and broader market headwinds. The forecast adjustment reflects cautious sentiment regarding residential real estate transaction volumes.

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Real Estate Market 'Long road ahead' in Canada's housing market recovery: RBC report

RBC has released a report indicating that Canada's housing market faces a prolonged recovery period ahead, with challenges persisting in the market dynamics. The report provides insights into the trajectory and outlook for Canadian residential real estate.

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Real Estate Market Canada's housing starts slide as builders pull back amid market headwinds

Housing construction in Canada has experienced a slowdown as builders reduce their activity, reflecting broader challenges in the real estate market. Multiple reports indicate declining housing starts across the country in recent months.

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Practice/Case Management

Dye & Durham DFIN to Announce Second-Quarter Results and Host Investor Conference Call on July 30, 2026

Dye & Durham (trading as DFIN) will announce its second-quarter 2026 financial results and host an investor conference call on July 30, 2026. This earnings announcement will provide insights into the company's operational and financial performance during the period.

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Press Releases

Stewart Title Stewart Acquires Majority Interest in Rattikin Title Company

Stewart Title has acquired a majority interest in Rattikin Title Company, expanding its portfolio in the title insurance and real estate services sector. This acquisition strengthens Stewart's market position in the title and conveyancing business.

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🇬🇧 UNITED KINGDOM

Industry & Market Trends

Bank of England - Monetary Policy Are Bank of England rate hikes off the table? - mpamag.com

The Bank of England's monetary policy direction is shifting, with analysts questioning whether further rate hikes are likely or off the agenda entirely. This reflects recent economic data and central bank communications affecting borrower expectations and housing market sentiment.

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Bank of England - Mortgage Warnings Mortgage payments to surge for five million Britons, Bank of England warns - MSN

The Bank of England has warned that approximately five million British borrowers face significant mortgage payment increases, signaling ongoing pressure on household finances and the broader housing market. This warning reflects concerns about affordability as fixed-rate mortgages mature and borrowers face higher rates.

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EPrivateClient - PE Backing EPrivateClient - UK law firm secures PE backing to accelerate growth - Pam Insight

EPrivateClient, a UK law firm, has secured private equity backing to fund its growth and expansion plans. This represents continued PE interest in the legal services sector and demonstrates the attractiveness of specialized legal practices for institutional investors.

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M&A Advisory Market GlobalData announces top M&A financial and legal advisers in H1 2026

GlobalData has published its ranking of leading M&A financial and legal advisers for the first half of 2026, providing market insight into top-performing advisory firms. This report reflects deal activity patterns and market share among major M&A service providers.

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Regional Legal Consolidation - Eight-Figure Funding Legal group lines up regional expansion after securing eight-figure funding - Insider Media Ltd

A legal group has secured eight-figure funding to support regional expansion plans across the UK. This demonstrates the continued consolidation and growth activity in the legal services market, particularly at the regional level.

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Revolut - Law Firm Panel Model 'Objective excellence': The philosophy behind Revolut's new law firm panel model - Non-Billable

Revolut has developed a new law firm panel selection model based on 'objective excellence' criteria to evaluate and engage legal service providers. This reflects fintech companies' approach to managing legal services and procurement.

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Scottish Housing Market Scottish Housing Market Review Q2 2026 - Wired-Gov

The Scottish housing market review for Q2 2026 provides an overview of transaction volumes, pricing trends, and market conditions in Scotland. This data is relevant to understanding regional real estate activity and conveyancing demand.

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SLC - Conveyancing Standards SLC 'flagged QES issues two years ago' - Today's Conveyancer

The Conveyancing Standards Council reportedly raised concerns about Qualified Electronic Signature (QES) issues two years prior to recent industry discussions. This highlights ongoing regulatory and compliance challenges in the UK conveyancing sector.

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Stewarts Law - Revenue Growth Stewarts increases revenue 10% as firm touts investment and expansion - Legal Business

Stewarts Law has reported a 10% increase in revenue, driven by increased investment in the firm and expansion initiatives. This reflects strong performance and growth in the larger law firm sector.

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UK Law Firm Consolidation New legal consolidator targets firms looking for future succession - Today's Conveyancer

A new legal consolidator has entered the market specifically targeting law firms seeking succession planning solutions. This reflects the growing trend of consolidation in the legal services sector, particularly among smaller and mid-sized practices.

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UK Law Firm Private Equity EPrivateClient UK law firm secures PE backing to accelerate growth

EPrivateClient, a UK law firm, has secured private equity backing to fund its expansion and growth plans. This transaction reflects growing investor interest in specialized legal services firms operating in the private client and wealth management sectors.

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UK Lawtech Grant Competition MoJ Launches £3.62 Million LawtechUK Grant Competition for Next Programme Phase

The UK Ministry of Justice has launched a £3.62 million grant competition as part of the LawtechUK initiative to support innovation in legal technology. This funding round represents continued government investment in the legal tech sector.

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UK Mortgage and Interest Rates Borrowers urged to act fast as lenders reverse course on rates - mpamag.com

Lenders are reversing their rate policies, prompting borrowers to lock in rates quickly as mortgage market conditions shift. This reflects broader changes in interest rate expectations and lending strategies affecting the UK housing market.

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🇦🇺 AUSTRALIA

Industry & Market Trends

Australian Housing Market Australia's House Price Downturn Broadens and Steepens

Australia's residential property market is experiencing a broadening and deepening downturn in house prices. This trend impacts housing transaction volumes and affects the conveyancing and property sectors.

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