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 […]
Concert Income Properties acquires 10-storey Vancouver apartment bldg.
Building had been developed and previously owned by Bosa Properties Concert Income Properties (CIP) has acquired The Standard, a class-A, mixed-use apartment building at 1142 Granville St. in downtown Vancouver. “We expanded the asset mix of Concert Income Properties in January 2023 to include multifamily residential rental properties, which provides greater opportunities to find quality […]
Smartstop makes $300M GTA self-storage acquisition
Buys eight facilities across Greater Toronto Area, Burlington and Hamilton SmartStop Self Storage REIT says it has become the fifth-largest self-storage operator in Canada with the $300-million acquisition of eight properties in the Greater Toronto and Hamilton areas. The properties comprise 7,400 units and 758,000 square feet of rentable space. They were acquired by SmartStop’s […]
0% of LA Homes Are More Affordable to Buy Than Rent
Los Angeles is officially among the least affordable housing markets in the country. According to a report from proptech giant, Redfin, 0% of LA homes are more affordable to buy than rent. This means that locals are pretty much guaranteed to have higher monthly housing expenses if they buy than if they rent. This hasn’t […]
USDA Selects Projects to Move Forward in Awards Process to Repair Rural Facilities Damaged by Disasters
WASHINGTON, Oct. 18, 2024 – U.S. Department of Agriculture (USDA) Rural Development Under Secretary Dr. Basil Gooden today announced that USDA has selected 15 projects in ten states and Puerto Rico to move forward in the awards process to repair or replace essential community facilities that were damaged by disasters in calendar years 2022 or […]
