Investment in Edmonton’s commercial real estate market this year posted one of its “strongest” first quarters, according to a new report.
Read more: https://tinyurl.com/5n6tycnx
Monthly Archives: June 2023
City official says Calgary Flames arena deal to include a 35-year commitment to stay
A city official says a $1.2-billion deal to replace Calgary’s aging Saddledome with a new National Hockey League arena would come with a 35-year lease that includes a commitment from the owners of the Calgary Flames to stay in the city.
Read more: https://tinyurl.com/mcyk9p4h
Most Canadians waiting for mortgage rates to drop to reenter housing market: poll
The housing market may be hearing up again, but most Canadians are still waiting on the sidelines for mortgage rates to drop, with some giving up on the idea of buying a home entirely, a recent poll by BMO suggests.
Read more: https://tinyurl.com/3nj5dvyw
BoC may have to raise rates again this summer given recent momentum, economists say
Momentum in the Canadian economy is spurring speculation that a rate hike is on the way, but economists don’t expect the Bank of Canada to pull the trigger this week.
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PROPERTY MARKET FEELING THE SQUEEZE OF HIGH INTEREST RATES
JOHANNESBURG – Real estate companies are feeling the pressure of high interest rates as fewer people find interest in purchasing property.
Read more: https://tinyurl.com/wrshmhnb
Property registrations dip marginally in Mumbai
Mumbai city (area under Brihanmumbai Municipal Corporation) saw a total of 9,542 property sale registrations in May 2023, resulting in a dip by 3 per cent year-on-year. The revenue through collection of stamp duty fees stood at Rs 811 crore.
Read more: https://tinyurl.com/4r85anz3
Galway council to write to advertising watchdog over Airbnb posts in rent pressure zone
WHILE GALWAY IS set to be the scene for plenty of holidaymakers over the summer months, Galway City Council is to write to the Advertising Standards Authority to complain that online short-term letting platforms are regularly breaching planning laws.
Read more: https://tinyurl.com/3d54hyxd
North west rental market sees rents rise and void periods dip
The rental market in the north west continues to see huge levels of demand from tenants, with landlords seeing properties snapped up quickly.
Read more: https://tinyurl.com/2s4y66dv
What is behind a rise in evictions and what does it means for the rental sector?
Campaigners fear “no-fault” evictions could continue to rise, fuelling homelessness even as the Government prepares to ban the practice amid spiralling rents and interest rates.
Read more: https://tinyurl.com/2p8zuk6h
Preparing Cochrane for growing seniors population
In just seven years, it’s estimated a quarter of Cochrane’s population will be 65 or older.
Read more: https://tinyurl.com/y6bbrec4