Ontario housing starts up, but still far off levels needed for 1.5 million new homes
Projections revealed in province’s fall economic statement TORONTO — Ontario’s fall economic statement showed Thursday that projections for housing starts are up from what the province had expected when the spring budget was tabled, but still well short of the pace needed to build 1.5 million homes. The Progressive Conservative government has pledged to build […]
Brookfield Fires Cushman & Wakefield From Some US Listings
Termination of Major Brokerage Firm Said To Follow New York Deal Falling Apart By Jack Witthaus CoStar News Brookfield Asset Management, one of the world’s largest owners of commercial real estate, has fired brokerage Cushman & Wakefield from some U.S. leasing assignments, according to a person familiar with the situation. The termination came after a dispute arising […]
Mortgage rates plunge and demand finally inches back
KEY POINTS Mortgage rates saw the biggest one-week drop in over a year last week, causing the first increase in mortgage demand in a month. Total mortgage application volume rose 2.5% last week, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate […]
Vandyk Properties Facing Receivership Over $203M Debt
KingSett Mortgage Corporation and Dorr Capital Corporation filed an application requesting a receivership order for five Vandyk developments, saying they’ve “lost all confidence” in the developer’s ability to complete the developments “in a timely manner or at all.” Real estate developer Vandyk Properties is staring down the barrel of a receivership as lenders seek to […]
13 Best Places to Flip Houses in as an Investor in 2023
Finding the best places to flip houses is absolutely essential when you’re investing your time and money in turning disasters into delight. No matter how immaculately you renovate a property, it won’t do you any good if there isn’t someone who wants to buy it right away. For that reason, we’ve put together a list […]
Why residential loan officers struggle to fund commercial real estate deals?
Residential loan officers may face challenges when transitioning to commercial deals for several reasons: To overcome these challenges, residential loan officers interested in funding commercial deals may benefit from additional training, mentorship, and networking within the commercial real estate industry. Developing a deep understanding of business finances, risk assessment, and property types specific to commercial […]
Cap rate vs Appreciation in real estate
Capitalization rate (cap rate) and appreciation are two key factors that real estate investors often consider when evaluating investment opportunities. They represent different aspects of the potential returns and risks associated with real estate investments. Comparison: In practice, successful real estate investors often consider both cap rate and appreciation in their investment strategies. The ideal […]
6 Types of Construction Projects: Key Differences for Owners & Contractors
Construction projects are often categorized based on their scale, the types of structures being built, and the purpose of the project (also called “end use” or “land use”). Broadly, there are six types of construction projects: residential, commercial, institutional, mixed-use, industrial and heavy civil. Urban planners often categorize projects based on their “end use” to […]
Bridge Loan vs HELOC: Is Either Right for You?
Bridge Loan vs HELOC: When you might need one What happens when you need to buy your next home but haven’t yet sold your existing one? You’ll need financing, generally in the shape of a second mortgage. Two types of those are strong contenders. But which is better for you? We’ll help you decide in […]
