There is no doubt that the cost of living is at the top of mind for Albertans. Inflation, interest rate hikes, and population growth have contributed to an increased demand for housing across our province.
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Monthly Archives: December 2023
Provincial cut to grants-for-taxes leaves city with $250,000 shortfall
The Alberta government’s reduction in grant payments to municipalities in place of property taxes four years ago has created a $250,000, and growing, shortfall for St. Albert, the city says.
Read more: http://tinyurl.com/wu8mzcde
Rents up 10.5% in the third quarter
New rental contracts were 10.5% more expensive in the third quarter of this year, totalling a national average of 7.25 euros per square meter, according to provisional data from the National Statistics Institute (INE). However, this is a drop compared to the previous quarter (-0.3%).
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Office Asking Rents Will Decrease 3% to 4% in 2024
The struggle to maintain effective and asking rents for offices is real.
Read more: http://tinyurl.com/yc63fv6h
HONG KONG WAREHOUSE RENTS FELL 0.5% IN Q3 AMID TRADE WEAKNESS
Warehouse rents in Hong Kong declined 0.5 percent year-on-year in the third quarter of 2023 as logistics demand continued to diminish and warehouse tenants refrained from actively seeking expansion opportunities, according to Savills.
Read more: http://tinyurl.com/yzsxtjtz
Click bait real estate: The Territory’s most viewed homes of 2023
A palatial Darwin home with a $300,000 gym was the Territory’s hottest piece of property in 2023, raking in more views on realestate.com.au than any other home in the NT.
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Former SA churches prove popular with buyers seeking a more affordable path to home ownership
It’s no secret that South Aussies love a good church renovation, but a spike in demand for the ultimate reno challenge could see the state run dry of heavenly homes.
Read more: http://tinyurl.com/45m4te6w
A ‘war’ effort to build homes will need more than a mere catalogue
The deepening housing crisis has prompted Canada’s federal government to invoke wartime rhetoric, borrowing building strategies from a bygone era deployed to house returning Second World War veterans, but perhaps too much has changed over the past 80 years to suggest that the construction blueprints of the past can deliver today.
Read more: http://tinyurl.com/bdfz3ava
Happy Holidays 2023
Inflation and interest rates to drive housing market direction in 2024, say industry veterans
Inflation and interest rates will once again determine the fate of the housing market next year after a turbulent 2023 that was full of surprises, industry players say.
Read more: http://tinyurl.com/2s4exvft