Is The Residential Rent “Correction” Already Over?
Real estate investors and developers have been concerned in recent months about the direction of rents. Rents on multifamily apartments as well as rental homes and townhomes peaked after the massive and clearly-unsustainable rates of increase of the prior two or three years, underwent a short correction, and now appear to be rising again. This […]
Nashville’s Approval of $2.1 Billion Stadium for NFL’s Tennessee Titans Sets Record
Titans’ Deal Includes Largest Public Subsidy in US History for Stadium Project The NFL’s Tennessee Titans won final approval from the city of Nashville for a $2.1 billion domed stadium, a deal that includes a $1.2 billion public subsidy that’s the largest for a stadium in U.S. history. The Nashville-Davidson County Metropolitan Government voted to […]
Commercial real estate is in trouble. Why you should be paying attention
Former Treasury secretary breaks down rising inflation Economists are growing concerned about the $20 trillion commercial real estate (CRE) industry. After decades of thriving growth bolstered by low interest rates and easy credit, commercial real estate has hit a wall. Office and retail property valuations have been falling since the pandemic brought about lower occupancy rates and […]
New hospital in Mississauga that will be largest in Canada gets financial boost
The new 24-storey Mississauga Hospital, when completed, will be among the largest hospitals in Canada. (Rendering: Trillium Health Partners) A new state-of-the-art hospital being built in Mississauga that’ll be the largest in Canada when completed received another significant financial boost this week. Trillium Health Partners’ (THP) 28th annual Golf Classic, held Monday at Glen Abbey […]
To help solve the housing crisis, waive or defer sales tax on purpose-built rentals
Benjamin Tal is the deputy chief economist of CIBC World Markets Inc. The following is adapted from a research note sent to clients. To help solve the housing crisis, it is time to waive or defer the sales tax developers incur for purpose-built rentals. Currently under the law, developers who rent out the homes they build are […]
Skilled homebuilders fleeing Hamilton, Burlington, Grimsby, says report
A study based out of Hamilton suggests the Steel City and surrounding neighbours, Burlington and Grimsby are seeing an exodus of skilled trades for the housing industry and need serious help quelling the issue from all three levels of government. “It requires all hands on deck,” Mike Collins-Williams, CEO of the West End Home Builders’ […]
The rush into short-term mortgages is reversing as higher-rate reality sets in, says CMHC
Canadian consumers are increasingly forgoing mortgages with terms of less than three years, a shift the Canada Mortgage and Housing Corp. (CMHC) sees as a sign of waning optimism that interest rates will decline quickly. Data from the CMHC’s Residential Mortgage Industry report, released on Nov. 9, shows borrowers have started to prefer fixed-rate mortgages […]
Opinion: In L.A., real estate envy is all too real. I can’t stop looking at Zillow
I was leaving a friend’s housewarming party on a street of nice single-family homes in Los Angeles a few years back when my curiosity got the best of me. I pulled up Zillow on my phone, entered her address and blinked at the property’s purchase price. I suppose I could have just asked her. In […]
What is the biggest challenge in commercial DSCR Loans?
Debt Service Coverage Ratio (DSCR) loans are a type of commercial loan where the lender assesses the borrower’s ability to cover debt payments based on the income generated by the property being financed. The biggest challenge in commercial DSCR loans can vary depending on market conditions, economic factors, and individual circumstances, but some common challenges […]
