Weekly Address July 18th Edition

Apex on Perkins, the first US property just paid out another dividend yesterday. The 714 investors in that property received US dollars back into their wallets!

The Harrison building projects monthly dividends and has already completed a few. If you invest by July 31st you will be included in the August 28th 2024 dividend. Log into your account for complete details. 1300+ Canadians have already invested.

Today’s reading time is 2½ minutes.

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Industry News 200 x 200 - 2024-06-30T091203.526
Event Recap w/ Scott McGillivray 
We commemorated the launch of the Scott McGillivray Real Estate Trust II on the addy platform! HGTV personality Scott McGillivray delivered an enlightening fireside chat, covering the advantages of real estate investing, presenting details about his new fund, and sharing valuable insights into the current macroeconomic environment. (Full Video)

📰 Industry News

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Ottawa Shopping Mall Makes A Comeback From Receivership Order Issued In June

It’s been nearly a month and a half since the Ontario courts granted a receivership order involving a portion of the Ottawa Train Yards, one of the largest shopping malls in the city, amid allegations that the owner of the retail site was owing more than $40M to Manulife. But it seems that things have taken an atypical turn, as far as receiverships are concerned. (Storeys)

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Home affordability improved in June as interest rates dip

A slight dip in interest rates led to easier home buying conditions for some Canadians in June, as affordability improved in nearly half of the nation’s major markets. (Ratehub)

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B.C. home sales drop by almost 20% YoY: BCREA

The number of homes actually changing hands across the province saw a significant drop in June, according to the BC Real Estate Association. The BCREA’s latest report, released on Monday, shows 7,082 homes were sold in June this year, a “19 per cent decrease from June 2023.” (CityNews)

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