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  • French Open: King Rafael Nadal hails uncle Toni Nadal after 10th title

    first_imgRafael Nadal paid tribute to his uncle and coach Toni after winning a record-extending 10th French Open title on Sunday.”Thanks to my uncle, he’s been with me since I was three years old, we’ve been working a lot and without him I would not have these 10 trophies with me,” Nadal said at courtside after being handed the Musketeers Cup by two-time Roland Garros champion Roy Emerson.Toni Nadal is planning to step down as his nephew’s head coach at the end of the season.The 31-year-old Rafa hailed the French Open as the most special tournament for him.Since his debut in 2005, he has lost only two matches on the Parisian red clay and he bagged his 79th victory on Sunday by dismantling Swiss Stan Wawrinka 6-2, 6-3, 6-1 in a one-sided final.”I try my best in all events but the feeling I have here is impossible to describe,” the champion said on Court Philippe Chatrier.”For me the nerves, the adrenaline I feel when I play on this court is impossible to compare to any other feeling.”This is the most important event in my career. It is difficult to compare this tournament to any other one. It will always be in my heart.”Feeling your support is just unbelievable,” he told the crowd. “Thank you and see you next time.”Third seed Wawrinka, the 2015 champion who had won all his three previous grand slam finals, was gracious in defeat.”I would like to congratulate Rafa. Nothing to say about today,” he said at courtside.advertisement”You’re a big example, what you do tennis, in sport is unbelievable,” he told the Spaniard.last_img read more

  • BC home sales to fall as interest rates rise but prices stay

    first_imgVANCOUVER – Real estate experts in British Columbia predict residential home sales will dip this year but remain well above the province’s 10-year average, although they warn rising interest rates could leave some B.C. households “vulnerable.”The British Columbia Real Estate Association has released its 2018 first quarter housing forecast, showing residential sales are expected to fall 8.6 per cent to 94,855 units this year, with the decline continuing into 2019.The projected skid follows the 7.5 per cent decrease recorded last year but the association says residential sales in B.C. are still well above the 10-year average of 84,800 units.Strong employment growth, consumer confidence and more workers moving to B.C. are credited for the booming housing market over the last four years, including 2016, when a record 112,209 homes changed hands.But the association predicts the pace of sales will cool due to several factors, including a five-year qualifying rate for a mortgage that is forecast to reach 5.70 per cent by the fourth quarter of 2019.Chief economist Cameron Muir predicts higher interest rates, coupled with slower economic growth, will carry the moderating trend in home sales right through next year.“More stringent mortgage qualifications and rising interest rates will further erode affordability and household purchasing power,” Muir says in a news release.The association also notes the supply of homes for sale continues at, or near, decade lows in most B.C. regions but it says 60,000 new homes are now under construction, well above the 2008 high of 45,000 units.“Slowing consumer demand combined with a surge in new home completions over the next several quarters will create more balance in the housing market and produce less upward pressure on home prices,” the association says in its release.It estimates the average price for a home in B.C. is forecast to increase 6.0 per cent to $752,000 this year, and a further 4.0 per cent to $781,800 in 2019.last_img read more