What is the Internal Rate of Return (IRR)?
What is the Internal Rate of Return (IRR)? Internal rate of return is a capital budgeting calculation for deciding which projects or investments under consideration are investment-worthy and ranking them. IRR is the discount rate for which the net present value (NPV) equals zero (when time-adjusted future cash flows equal the initial investment). IRR is […]
Buyers of Brampton townhome project still waiting for keys — 6 years after some made deposits
Buyers who put down tens of thousands of dollars in deposits for a pre-construction townhome project in Brampton six years ago are still waiting for their keys as the builder faces both legal and financial challenges associated with the long-delayed project. Mississauga-based Vandyk Properties is building a townhome community, called the Uptowns project, with 342 units […]
Investors and investments are key to building more housing in Canada
Without investors, almost all rental housing stock could disappear, jeopardizing living arrangements for millions Canada Mortgage and Housing Corp. estimates this country must build almost six million new homes by 2030 to restore housing affordability, but the odds of meeting this target, or even half of it, are low given that not even 2.5 million […]
New BC Legislation Will Override Cities, Allow 6 Units Per Lot
The Province’s new multiplex legislation focuses on “small-scale multi-unit housing” and include several changes to municipal processes. After a fair amount of build-up, Minister of Housing Ravi Kahlon finally announced the new legislation the Province would be introducing to allow up to six housing units per single-family residential lot, and the Province is coming in with force. […]
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 […]
