In this week’s Weekly Address you’ll find what we are reading in industry news and thoughts from addy users on Twitter, the latest on the 3H Properties first return of equity, the opening of Manitoba, getting Quebec rolling again and easy access to Discord. 👀 Lots to catch up on!
Industry News
🏧 Government raising cap on mortgage bonds by $20B
The federal government is making an additional $20 billion in financing available for developers looking to build rental units. Finance Minister Chrystia Freeland announced Tuesday that Ottawa will raise the annual cap on the Canada Mortgage Bond program from $40 billion to $60 billion. (CBC)
💸 New Metro Vancouver fees could add up to $24,000 in building costs
“particular concern that the proposed DCCs could impact the financial viability of much-needed secured purpose-built rental housing projects, and effectively offset the intended positive benefit of the federal government’s newly announced 100% rebate on the federal 5% GST applied to the construction costs of such rental housing projects.” (DailyHive)
addy News
🎉 Early Dividend Date announced for Altadore Townhomes
The Altadore Townhomes property in Calgary announced an early dividend for shareholders that invested by 11:59am on Sept 29th 2023. Did you miss out? Don’t worry, there is still a chance to invest in this property.
📽️ Investor Zac Hartley visits Calgary property
Calgary resident, addy member and Youtuber Zac Hartley took to the streets to check out the Altadore Townhomes. You can watch him navigate his addy account, visit the property and make an investment.
For Quebec and Manitoba!
🗞️ Attention: Quebec and Manitoba Residents
The issuer, The Isaac on 9th, is proud to announce that in addition to Ontario, Saskatchewan, Alberta and BC, this property will be available in Quebec and Manitoba! Make sure your membership is current so you can get in on this property on launch day!
Portfolio News
💰 3H Properties, the General Partner on 405 Main Street in Hamilton, Ontario gave an update regarding the 5% return of equity that was expected, but delayed. 3H Properties announced that it anticipates processing the 5% return of equity in October 2023, along with a 10% bonus. Future issuances should return to normal starting in January 2024. What does this mean? Over 1260+ investors will should see funds arrive in their addy wallets in October. 💰
Did you know?
405 Main will be a 96-unit, 100% affordable multifamily property, which will feature a mix of affordable and deeply affordable social housing with a primarily societal benefit to the cityof Hamilton.
Easy Access to Discord
Did you notice?
Now within the addy iOS app you can chat with other members! Join the conversation and connect with other addy members. Don’t have the iOS app yet? Download Now
Investment Opportunities Available Now
Altadore Townhomes
223 Street
Investment Opportunities Coming Soon
Apex on Perkins
Isaac on 9th
FAQ – Investing in USA Properties
Do you have questions about investing in the first American property to drop on the addy platform? How do you fund your USD addy wallet?
Get your questions answred here.
