the weekend edition May 12th

In this weekend edition we have the latest industry news, the next ex-dividend date for Harrison and an invite to join some of the addy engineering team as they showcase the beta version of the income ladder. Let’s go! 

Today’s reading time is 4 minutes. 

📰 Industry News

B.C. rejects Burnaby petition for exemption to new transit-oriented development rules

Along Canadian coastlines and waterfronts, increased erosion, storm surges and rising seas are putting more homes at risk of flooding. However, an East Coast researcher has found many people oppose flood-risk mapping because they fear their real estate will be devalued. (BIV)

Trudeau’s Housing Initiatives Fail To Impress Canadian Renters

The government is also helping Canadians who can’t afford a home by creating more affordable and rental housing. This means $1B for the Affordable Housing Fund to build affordable homes, launching a permanent Rapid Housing Stream, and the launch of a $1.5B Canada Rental Protection Fund to protect and expand affordable housing. (Storeys)

Edmonton luxury real estate picks up more slowly than in other cities

That said, the capital city is getting more attention from out-of-town buyers because, like Calgary, buyers’ dollars here purchase more luxury home. The Sotheby’s report alludes to this, given that it considers luxury home sales in Toronto and Vancouver starting at $4 million versus $1 million in Calgary. (Edmonton Journal)

Redevelopment of Port Moody neighbourhood takes another step forward

The various components of the new neighbourhood will be linked by nearly two kilometres of active trails as well as expansive, semi-public green spaces.

The developer has also committed to restore and protect three creeks that run through the site and install a new signalized intersection at Clarke Street and the Barnet Highway.

 (Tri-City News)

Available Investment Opportunities

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. (Details)

Projecting Monthly Distributions

🗓️ Next Ex-Dividend date is May 31st with a estimated payable date of June 26th 

Next Distribution Expected:

⚙️ May 22nd, 2024

Distributions so far:

✅ February 28, 2024 dividend of $2,064.32

✅ March 27, 2024 dividend of $1,062.50

✅ April 24, 2024 dividend of $1,162.84

📱 addy on App Store

Are you on the addy app? Download it for a smooth user experience!

🪜 Income Ladder

Join us on Tuesday, May 14th 12:30 PM PST as we showcase our Income Ladder concept. The Income Ladder is a tool that displays a projected set of income streams on the properties you have invested in.

• 30 minute session
• Chance to preview what we’re working on and provide us with feedback

To register, just click the Zoom link below on Tuesday, May 14th 12:30 PM PST. 

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