Weekly Address May 29th Edition

Great news! There are 4️⃣ opportunities for you to review within your addy account, details on the latest industry news below as well as details on tomorrow’s townhall. 

Plus, The addy squad has been working on a few events, save the dates:

• Toronto – June 17th and June 25th
• Montreal – July 2nd
• Calgary – July 15th 
• Vancouver – July 18th 

Complete details will be announced soon!

Today’s reading time is 5½ minutes. 

🏆 Quick Wins

💯 LCH Development’s Retreat Condos is Sold Out with 919 Canadians investing

🧮 $7,226 before The Harrison crossed $700,000 raised. So far 1166 Canadians have invested in this cash flowing multi-family property in Calgary. 

💨 The Davenport just dropped and 266 Canadians have already invested. 

🤑 411 Canadians have already invest in the The Astra Block Industrial in Calgary which is projecting 16 distributions over 5 years. 

🛍️ The Lakewood Shopping Center in Lake Country, BC has announced their refurbishment plans for the mall. 

🎙️ addy Townhall

TOMORROW – We are putting together an addy Townhall event. addy co-founders Michael Stephenson, Stephen Jagger and Jeff Booth will be on hand for a townhall event on Thursday, May 30th at 4pm Pacific. addy members can join the online link to participate. Mike, Steve and Jeff will discuss a range of topics and take questions from members. Will be a fun event!!

📰 Industry News

Ontario Moves Forward With 10-Day ‘Cooling-Off’ Period On New Freehold Purchases

Now, if all goes according to plan, a 10-day cooling-off period for purchases of new homes could be in store for the province’s homebuyers in the not-too-distant future. This means that buyers have ten days to fully understand their commitments, secure financing, and arrange inspections, and – should they choose – cancel agreements without facing penalties. (Storeys)

City looks to purchase prime land near Algonquin College for steep discount

It’s a steal for the city, which negotiated the price tag in 2003 when it obtained the option to buy the land after taking over the lease from Nortel Networks, a former Canadian telecom giant that went bankrupt. (CBC)

New Canadians find stress looking for place to live as housing crisis continues

Finding housing is a challenge for many people across Canada, but according to the Young Women’s Christian Association of Halifax (YWCA), some immigrants have been leaving the province or country because of the struggle with finding a place to live.

 (CTV News)

B.C. rental housing plan includes 670 below-market rental units in Metro Vancouver

The premier cited recent government laws, regulations and programs to build and increase the supply of affordable housing, including placing restrictions on short-term rentals, building rental units near transit lines and targeting public lands for middle-income homes. (ConstructConnect)

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