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The latest industry news: environmental concerns impacts development in Toronto, the correlation between housing shortages and immigrations, Calgary’s massive industrial park, and BC’s new short term rental rules. Today’s reading time is 3½ minutes. |
📰 Industry News |
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Toronto neighbourhood trying to stop development due to environmental concerns One Toronto neighbourhood is raising concerns regarding a new mixed-use rental building, citing “environmental hazards” as well as the imperative need for affordable housing in the community. (BlogTO) |
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Housing Shortages and Immigration Booms Are Colliding Canada has seen rapid immigration-fueled population growth in recent years. That’s boosted its economy, but housing production hasn’t kept up. The limited supply and growing demand has exacerbated an existing affordable housing crisis and inspired calls not only to build more, but to impose stricter limits on immigration. (BNN Bloomberg) |
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Parker: City-owned land released to develop 600-acre Constellation industrial park The city has owned the lands since the 1960s and the time is now ripe to open them to development that will offer sources of employment and new tax revenues for city coffers. (Calgary Herald) |
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B.C. is changing its short-term rental rules. Some owners think that’s a mistake Property owners in British Columbia say new rules aimed at increasing long-term rental supply fail to consider the consequences for smaller mom-and-pop operators, who may stand to suffer significant financial losses. (CBC) |
🏘️ Build Your addyverse |
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All you need is the addyOne Membership, and you can unlock the addyverse. It shows up within your addy app. A great visual addition to the investments you have made. |
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☕️ Brews and Bricks Meetup |
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Vancouver, Surrey, North Vancouver, RichmondDid you miss us at the Brews and Bricks Coffee meetup in Vancouver last week? No problem, there are three more coming up 😀 Surrey Meetup May 7th 2024, 8:00am – 9:00am (Register free) North Vancouver Meetup May 9th 2024, 8:00am – 9:00am (Register free) Richmond Meetup May 10th 2024, 8:00am – 9:00am (Register free) |
💰 Exits |
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Cornerstone15% ROIin less than 5 Months |
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Petro Fina18% ROIin less than 9 Months |
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The Lex22.89% ROIin less than 12 Months |
💰 Available Investment Opportunities |
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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) 1103 Canadians have invested an average of $587.78 |
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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) 822 Canadians have invested an average of $628.08 |
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Lakewood Shopping Center Participate in the ownership of a neighbourhood shopping centre located within Lake Country, alongside Highway 97. (Details) 704 Canadians have invested an average of $476.23 |
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Astra Block Industrial This is an opportunity to participate in the ownership, upgrading and renovating of an Industrial building situated upon 1122 40th Avenue NE, in Calgary Alberta. (Details) 358 Canadians have invested an average of $551.95 |
