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We hosted an event in Toronto on Monday with Scott McGillivray for the launch of the Scott McGillivray Real Estate Trust II on the addy platform. Scott spoke to a packed room of addy members and issuers on a range of topics including his background in television, his real estate fund and his investment education company. We recorded the event and will share a link shortly. |
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| Stephen Jagger dropped by the Davenport property in Toronto to get a tour of the with the QMW team. Check out this 80 second video about the property. The Davenport property is available for investment, check out the complete details within your addy account and see how this currently vacant property is going to soon house 8 families and a commercial business. |
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| There are 5 opportunities on the addy platform for you to review:
✅ Scott McGillivray Real Estate Trust II (details) ✅ Davenport in Toronto (details) ✅ Astra Block Industrial in Calgary (closes July 2) (details) ✅ Lakewood Shopping Center in Lake Country (details) ✅ The Harrison in Calgary (details) Plus of course, some of the latest industry news. Today’s reading time is 5½ minutes. |
📰 Industry News |
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| CMHC says annual pace of housing starts in May up 10 per cent from April
The cost of housing has been a key political issue with the federal government working to improve affordability. Ottawa has announced new tax incentives and spending in an attempt to solve the current housing crisis. (CTV News) |
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| Construction almost complete on new B.C. bridge in wake of 2021 flooding
A new bridge replacing a culvert washed out by catastrophic flooding in November 2021 is close to opening. Located in B.C.’s Interior, the three-lane bridge is located along the Trans-Canada Highway, around 20 km south of Lytton, near Falls Creek. The Ministry of Transportation says the bridge should be open for the July long weekend and will feature an Indigenous name: CəX̣ ʷ Cixʷ (pronounced Check-Chow). (Global News) |
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| HGTV Star Scott McGillivray Brings New Real Estate Investment Opportunity to addy Platform
“We are excited to partner with addy and leverage their innovative platform to enable Canadians to invest alongside us,” stated McGillivray. The collaboration underscores a “commitment of both parties to democratize real estate investing,” according to a statement from addy, breaking down barriers that have historically restricted access to institutional-grade commercial real estate investments to wealthy individuals. (techouver) |
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| Vancouver council allows ‘mass timber’ buildings up to 18 storeys
City council approved changes Tuesday to the building bylaw to increase the current height limit of 12 storeys for “encapsulated mass timber” construction to 18 for residential and commercial uses. (Western Investor) |
