St. Albert city council is looking to increase the budget of the ongoing St. Albert Trail expansion by $5.5 million, and could look to borrow more for the project in the future.
Read more: https://bit.ly/3jYvlTk
Monthly Archives: April 2022
Vancouver average rents up almost 30%
Vancouver average rents continue to outpace other Canadian cities with Bullpen Reasearch & Consulting and Rentals.ca reporting a 29.9 per cent increase across all property types since March 2021. Nationally, the average rent increased by 6.6 per cent, while London, Hamilton, and Toronto also saw significant increases to the tune of 18.3 per cent, 15.9 per cent and 14.3 per cent respectively.
Read more: https://bit.ly/3JYDGAH
Mortgage demand falls to nearly half of what it was a year ago, as interest rates continue to rise
Mortgage demand continued to crumble last week, as mortgage rates climbed to their highest level since 2010. Total application volume fell 5% last week compared with the previous week and was nearly half of what it was one year ago, according to the Mortgage Bankers Association’s seasonally adjusted index.
Read more: https://cnb.cx/3OkKEnj
Rising Home Prices And Apartment Rents Will End Soon: The Mystery Of The Missing Roommate
Rising housing costs—both for houses and apartment rents—are a mystery. This is the story that Agatha Christie might have written, if Mrs. Marple were a retired economist. The solution to the mystery suggests that housing prices and rents will soon level off, perhaps even falling in some areas.
Read more: https://bit.ly/3K1bmOh
Buy-to-let landlords: Growing appetite to invest in UK property
During the first quarter of 2022, buy-to-let landlords have been the most active with property purchases since 2016. What’s behind this growth?
Read more: https://bit.ly/3ExaaBh
Landlords Registration Act creating a ‘perfect storm’ for the rental market
Landlords Association claims more people taking advantage of high selling prices but demand still going up
Read more: https://bit.ly/3OkKPyZ
Economic incentive grants available for property owners and developers
To increase vibrancy and generate long-term economic benefits, The City of Red Deer has launched another intake of the Leading Forward Economic Incentives program.
Read more: https://bit.ly/3EYx7NM
New water agreement between High River and Foothills County
The Town of High River and Foothills County have a new water agreement in place.
Read more: https://bit.ly/3jYjIM7
New research shows how bad Australia’s housing crisis has become
Staggering new research shows exactly how hard it is for a young person to pay rent in any of Australia’s capital cities, let along buy a home.
Read more: https://bit.ly/3KZsjtP
The federal budget missed a key opportunity according to property investors
Although the 2022/23 federal budget was focused primarily on helping owner-occupiers, first-home buyers and those needing affordable housing, many believe more should have been done to support residential property investors too.
Read more: https://bit.ly/3McQTYg