the weekend edition March 2nd

Tons to catch up on this weekend including addy member Marvin’s new puppy 🐶, the latest industry news, a driving tour around Lake Country and the latest drops on the addy platform.

Today’s reading time is 3½ minutes.

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📰 Industry News

West Kelowna opts out of provincial rules on short-term rentals

The legislation allows municipalities to opt out of the principal residency requirements if it meets certain criteria, chiefly having a vacancy rate of three per cent or higher for two consecutive years. West Kelowna’s vacancy rate was 3.4 per cent in 2022 and 4.2 per cent last year. (Castanet)

Calgary home sales up almost 23 per cent in February, prices rising

The Calgary Real Estate Board says February home sales were up nearly 23% from last year as new listings rose. The board says sales totalled 2,135 units, while the volume of sales in dollars rose 41.3% to $1.25 billion. New listings were up 13.6% to 2,711, while inventory was down just over 14% from last year. (Global News)

Former tourist bureau property presents ‘huge’ opportunity for Yarmouth, says mayor

The Town of Yarmouth’s recent acquisition of a significant piece of downtown real estate from the Nova Scotia government comes with amazing potential, says Mayor Pam Mood. (CBC)

Greater Victoria builders say they can’t find workers to build new homes, because they can’t find homes for the workers

Call it a bottleneck, a trap, or a vicious circle, you can’t build new housing without a labour force, and workers can’t come if they have nowhere to live. (Capital Daily)

CMHC says first-time homebuyer incentive discontinued

The program was hampered in part by eligibility issues including limits to household income and the size of a mortgage the buyer could take on. (CP24)

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Projected Issuance Payouts

 

Available Investment Opportunities

Retreat Condos

Toronto, ON 🇨🇦

The opportunity is to participate in the ownership of a 357-unit condo development situated at the address of 3291 Kingston Rd and 2&4 Windy Ridge in Scarborough, Toronto, Ontario.

Purchasing these securities will be conducted by Equivesto Canada Inc. (Equivesto), an Exempt Market Dealer (EMD) in Canada.

Lakewood Mall

Lake Country, BC 🇨🇦

Participate in the ownership of a neighbourhood shopping centre located within Lake Country, alongside Highway 97.


Purchasing these securities will be conducted by Equivesto Canada Inc. (Equivesto), an Exempt Market Dealer (EMD) in Canada.

The Harrison 

Calgary, AB 🇨🇦

This is your opportunity to participate in the ownership of 51 residential units and 12 commercial units in a single 5-storey mid-rise apartment building located in the City of Calgary.

Purchasing these securities will be conducted by Equivesto Canada Inc. (Equivesto), an Exempt Market Dealer (EMD) in Canada.

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.


Purchasing these securities will be conducted by Atlas One Digital Securities Inc. (Atlas One), an Exempt Market Dealer (EMD) in Canada.

Lake Country Driving Tour

Track Record

Cornerstone

15% ROI

in less than 5 Months

Petro Fina

18% ROI

in less than 9 Months

The Lex

22.89% ROI

in less than 12 Months

addy Exit Track Record

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