New player’ in Calgary apt. market buys 263-unit property for $54M
Vancouver-based real estate investor Wendy Cheung buys Cedar Ridge Apartments from CAPREIT Vancouver real estate investor Wendy Cheung has purchased a 263-unit apartment property in southeast Calgary from Canadian Apartment Properties REIT (CAPREIT) for just under $54 million. And Cheung has plans to grow and increase her exposure to multifamily assets in Calgary and Edmonton. “The […]
RBC Forecasts ‘Stagnant’ Fall For Toronto, Vancouver Real Estate
RBC’s Robert Hogue cautions that broad market recovery will hinge on interest rates coming down in 2024. One economist is forecasting a quiet fall for Canadian real estate. A new report from RBC’s Robert Hogue says that “the fall season may look a lot like August with buyers staying on the defensive in many parts […]
Amazon Opens First Canadian AMXL Fulfilment Centre In Calgary
Amazon AMXL centres specialize in heavy and bulky products and this particular project, the first of its kind in Canada, cost an estimated $131M. Amazon’s first AMXL fulfilment centre in Canada has completed construction and is now up and running, a spokesperson from Amazon Canada tells STOREYS. The fulfilment centre, known as YYC6 Project Violin, […]
5 Best Commercial Real Estate Types for Individual Investors
1.Apartments Why Invest in Apartments? SWEETSPOT of Apartments: CONS for Apartment Investing 2.Self-Storage WHY Invest in Self-Storage? Sweet Spot of Self Storage Cons of Investing in Self-Storage: 3.Shopping Centers WHY Invest in Shopping Centers? Sweet Spot of Shopping Centers: Cons of Shopping Centers: 4.Office Buildings WHY Do We Invest in Office Buildings? Sweet Spot of […]
Canada plans incentives to ease housing burden, CBC reports
Canada’s Housing Minister Sean Fraser is evaluating a wide range of options as he looks to ease the housing crisis in the country, CBC reported on Sunday. “There’s a range (of incentives) that we’re considering right now. Some could include potential tax incentives for builders to build. Some could include other low-cost financing arrangements,” the […]
The U.S. Housing Market vs. The Canadian Housing Market
Way back in 2017, I wrote about how bananas Canadian housing prices were. This was the chart I used at the time: Canada basically skipped the housing bust from the Great Financial Crisis. Well, things got even more bananas in the ensuing years. Here’s the updated version: Canadian housing prices can remain irrational longer than you […]
Ten Commonly Overlooked Investment Opportunities In Commercial Real Estate
As the stock market continues to show volatility, many people are looking into other types of investment opportunities. Compared to stock investing, commercial real estate has the potential to provide tax advantages and serve as a safeguard against inflation and market fluctuations. Fortunately, there are many ways to invest in commercial real estate, and you […]
Lenders in Canada are now seeing 60-, 70-, even 90-year mortgages as Canadians struggle with rocketing interest rates
For most homeowners, the standard time to pay off a mortgage is 25 years. Now, in the face of crippling interest rates, some existing homeowners are seeing their amortization period go as high as 90-years as their ‘fixed-payment’ variable-rate mortgages adjust automatically to rising interest rates. “We’ve seen 60 years, 70 years, and we did […]
Trudeau announces $74M to help London, Ont., build 2,000 new homes
Agreement with London is first in Canada under Housing Accelerator Fund Prime Minister Justin Trudeau announced that London, Ont., is the first city in Canada to reach a deal with his government under the Housing Accelerator Fund. He says the deal will create 2,000 new homes in the city over three years. “This landmark agreement with […]
