Explore this week’s Weekly Address for a few quick wins, the latest real estate news, an upcoming event in Vancouver along with recaps from our last few events and three properties for your consideration. 👀 Lots to catch up on!

Today’s reading time is 3½ minutes.

Quick Wins

⬇️ Did you know you can download your Total Lifetime Distributions from your addy account? Click into your portfolio and then click the download button.

🇺🇸 The Apex on Perkins property that is available in your addy account currently lets you invest using either your Canadian or US dollar wallet. 🇨🇦 🇺🇸 

🤑 An early property exit is coming soon. Can you guess which one? Pop into the addy Discord server to chat with thousands of other addy members. 💬

Industry News

Co-owner of $3M Vancouver home says living there is ‘unbearable,’ wants court to order sale

The two became “tenants in common,” an increasingly popular living arrangement in pricey Vancouver that allows strangers to live together in a property they couldn’t afford on their own. (VancouverSun)

Anthem Properties Acquires Calgary-Based Cedarglen Homes

Anthem Properties was founded and is based in Vancouver, but also has a sizeable portfolio of projects in Alberta, most notably D’Arcy, a 280-acre master-planned community in Okotoks. (Storeys)

Toronto Announces Development Partners For Huge Affordable Housing Project

Civic Developments, Windmill Developments and Co-operative Housing Federation will team up with the City of Toronto’s real estate arm, CreateTO, for a three-building housing project. (Storeys)

Bank of Canada’s policy interest rate could dip to 4.25% by late 2024: forecast
If the economic trends hold, according to a new forecast by Oxford Economics, the Bank of Canada could be in a position to make its first decrease to the policy interest rate in years, since the pandemic’s early onset and after consecutive unexpected increases last year. (DailyHive)

Downtown Vancouver office vacancy improves
Vancouver’s downtown core office vacancy rate fell from 11.8% in the third quarter of 2023 to 11.0% in the fourth quarter of 2023. (DailyHive)

Metro Vancouver immigrants more likely to choose housing based on proximity to public transportation

The report used income tax and other information to compare the housing of residents who were born or have lived in Canada since before 2000 and those who came here more recently. (VancouverSun)

Upcoming Jeff Booth Event (This Friday)

Realities of Money Manipulation, its Impact on Real Estate & What’s Next
At the upcoming event, join acclaimed author Jeff Booth as he delves into the pressing issues surrounding the manipulation of money and the profound impact of governments printing fiat currency.

What will you learn at this event?

• Jeff will explore the repercussions of money manipulation and its impacts 
• Jeff will shed light on the challenges and opportunities that arise in a world where money becomes increasingly worthless, and assets become more pivotal than ever.

About Jeff Booth

• Jeff Booth is a visionary leader with 20 years of experience at the forefront of technology change.
• He has been honoured as the BC Technology Industry Association’s Person of the Year in 2015
• He was included among Goldman Sachs’ 100 Most Intriguing Entrepreneurs in 2016.

Past addy Events

Event Recap w/ Vancouver Mayor Ken Sim
A few months ago we held a fireside chat featuring Vancouver Mayor Ken Sim, addressing housing affordability, zoning changes, the missing middle program, First Nations developments, transportation, and more. (Watch Video)

Event Recap w/ Minister of Housing Ravi Kahlon
BC Minister of Housing, Ravi Kahlon, joined addy Co-Founder Stephen Jagger for a wide-ranging fireside chat on housing, regulation, taxes, government incentives, First Nations lands, zoning changes, and more. (Watch Video)

Event Recap w/ Pink Tax Author Janine Rogan
Janine Rogan came to Vancouver for the launch of her new book ‘The Pink Tax: Dismantling a Financial System Designed to Keep Women Broke‘. Janine spoke to guests about the challenges women face in the world. From the gender wage gap, investing to products marketed specifically to women.(Read More)

Above: Lululemon Founder Chip Wilson at the Minister of Housing Event in May

Above: Simon Bray, CEO of REW asking a question to the Minister of Housing

Available Investment Opportunities

Apex on Perkins 

Stillwater, OK 🇺🇸

This is your opportunity to participate in the ownership of a 234 unit & 732 bed student housing community located adjacent to Oklahoma State University in Stillwater, Oklahoma.

Wychwood

Toronto, ON 🇨🇦

This is your opportunity to participate in the ownership of a 9-unit multi-family complex consisting of 2 buildings located in the Wychwood neighborhood of Toronto, Ontario.