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Your Weekly Address includes a research note from BMO suggesting that Canada will cut rates before the US as well as other industry news. Plus, an update from Stream Property Partners on the Lakewood Shopping Mall as well as details about a divvy for investors in Apex on Perkins that came ahead of schedule (and in US dollars). Lots to catch up on, let’s go! Today’s reading time is 4½ minutes. |
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Industry News |
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Canada To Cut Interest Rates Before US As Labor Market Erodes: BMO The Canadian and US economy are diverging from their typically similar performance. A new research note from BMO warns Canada’s economy is seriously underperforming in contrast to the US, especially when it comes to labor and inflation. This widening divergence likely means Canada will enter a recession and cut rates before the US (Better Dwelling) *(shared by $rlawtor on Discord, join the conversation) |
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B.C.’s government buys land for transit-oriented housing development Premier David Eby says the province has purchased two parcels of land for the Uptown development in Saanich, B.C., through the $394-million property acquisition fund operated by the Transportation Ministry. (Western Investor) |
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Vaughn Palmer: B.C. finance minister makes light of credit downgrade The New Democrats sustained a double blow to their financial credibility this week, with a ratings downgrade from one of the major credit agencies and a negative outlook from another. (Vancouver Sun) |
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Why Ottawa’s $6-billion housing infrastructure fund has some provinces fuming Last week, Prime Minister Justin Trudeau unveiled a $6 billion funding initiative aimed at tackling Canada’s housing crisis by providing funds to municipalities to build infrastructure that’s essential for new development. But the money is coming with conditions attached — such as zoning changes that allow for uncontested fourplex construction — and that has some provinces fuming. (Financial Post) |
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Refurbishment Plans for Lakewood Mall |
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Stream Property Partners Inc. and Stream Lakewood Limited Partnership are excited to share our vision for the future of Lakewood Shopping Centre! The core of our plan is a substantial refurbishment and modernization of the building exterior façade, exterior lighting and parking lot to deliver an enhanced experience for mall tenants and their patrons. |
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Upgrading the curb appeal of the property will increase neighbourhood vibrancy and community livability, while driving out value for our investors in the partnership. Read the complete update and view more renderings. |
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More Divvys for Apex on Perkins Investors!|
The US Property, Apex on Perkins, issued Q1 2024 distribution to investors ahead of schedule! Here are a few things to note about this property:
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The estimated passive cashflow (or distribution) is 7.6%
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Available Investment Opportunities
Retreat Condos 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. (Details) 749 Canadians have invested an average of $634.64 |
The Harrison 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. (Details)
1066 Canadians have invested an average of $594.76 |
Lakewood Shopping Center Participate in the ownership of a neighbourhood shopping centre located within Lake Country, alongside Highway 97. (Details) 667 Canadians have invested an average of $467.54 |
Apex on Perkins Participate in the ownership of a 234 unit & 732 bed student housing community located adjacent to Oklahoma State University in Stillwater, Oklahoma. (Details)
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Upcoming Events
Join us to hear from Kevin Falcon, Official Opposition Leader for the BC United Party and MLA for Vancouver-Quilchena on April 15th | Vancouver (
