In this week’s Weekly Address you’ll find the latest industry news, an upcoming event in Toronto and recent addy news. 👀 

The Loonie Hour Live in Toronto

Thursday, November 30th 2023, Toronto, ON

The Loonie Hour is one of Canada’s most listened to macroeconomic podcasts that covers newsworthy events across the globe and how they will impact Canadians. This Thursday, November 30th 2023, the Loonie Hour is recording live in Toronto and addy is pleased to be a sponsor of the event.

Are you going? Look for some of the addy squad! 

Become an addyOne Member

Sign up to become an addyOne Member today. Membership is $50/year and gives you special benefits from the addy platform. Membership does have it’s privileges! 

Complete details. (Comes with a 60 day money back guarantee). One of the benefits of an addyOne Membership – your own addyverse! Build your own city within your addy account. 👇🏽

Industry News 

🍔 Iconic McDonald’s sold for redevelopment into rental housing 

“According to BC Assessment, as of July 2022, the 1.2-acre property has an assessed value of $73.536 million, with $73.498 million coming from the land and $38,300 coming from the two-storey, 11,100 sq ft structure.

This is up from the 2014 valuation of $24.5 million, before the completion of the first significant redevelopment projects immediately to the south.” (DailyHive)

👷🏽 How Peoplefirst Developments Converted The Cornerstone Office Building

The Cornerstone, located at 909 5th Avenue SW, was one of the first projects announced as part of Calgary’s office conversion incentive program. (Storeys)

💰 We simply don’t have enough money to solve Canada’s housing crisis

“Construction is typically funded 75 per cent by lenders and 25 per cent by investors who take up equity stakes. So, approximately 75 per cent, or about $1.5-trillion will need to be funded with debt.

We know that this is well beyond the capacity of the banking system, even with the magic of CMHC’s Canada Mortgage Bonds program. But let’s assume that, because debt is the less risky part of the funding, a solution can be found for it. That still leaves 25 per cent or roughly $500-billion that will need to be funded with investor equity, but from where?” (The Globe and Mail)

Bonus and Dividend Opportunity

👀 Check it out…

• 🇺🇸 USA Prop To Issue Second Early Dividend! If you invest by November 30 (tomorrow) you will be eligible for an early dividend! (details)
• 🎁 Get a 10% bonus on the first $300,000 for the Wychwood Multi-Family property in Toronto! (details)

Extended until Nov 30, you can invest from your Canadian addy wallet into the US prop!

Until end of day on Nov. 30, you are able to invest Canadians dollars into the US property on the addy platform. Plus, if you invest by November 30, 2023 you will be eligible for the early divvy slotted for investors. This means you’ll receive a distribution targeted for January 2024. Learn more. 

The Latest at addy

👀 Here is a quick summary of what you may have missed

• 🇺🇸 USA Prop To Issue Second Early Dividend! Still time to invest (details)
• 3️⃣ Three opportunities available addy platform!
  • 🏗️ Maple View Heights Apartments 108 Unit Purpose Build Rental
  • 🇺🇸 Apex on Perkins, a 234 unit & 732 bed student housing community
  • 🏠 Wychwood Multi-Family, 9-unit multi-family complex consisting of 2 buildings located in the Wychwood neighbourhood of Toronto.

•  The addy iOS app got some upgrades. (download)

Exits So Far

1. The Lex – 933 Canadians invested $460,000. Their return of $580,855.97 came less than 12 months later marking at 22.89% return on their investment.

2. The Cornerstone – 801 Canadians invested $500,000. Their return of $569,250.00 came less than 5 months later marking at 15% return on their investment.

Check out addy’s Track Record