| Next week the Bank of Canada will announce their next rate decision. Some of the latest new on the subject as well as industry news below. Plus, addy CEO Michael Stephenson will be in Calgary next week and will host a small group downtown Calgary (Attend?), plus a couple property updates.
Today’s reading time is 4½ minutes. |
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📰 Industry News |
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| Municipalities Must Monitor (And Tweak) Their Tenant Protection Policies
While Vancouver and Burnaby have created rigorous tenant protection policies, these approaches are new, and something of a housing experiment. As the redevelopments unfold, and tenants make use of their rights, the question of compliance will be put to the test, say experts. (Storeys) |
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| How likely is another interest rate cut from the Bank of Canada in July?
According to TD Economist Andrew Hencic, it’s looking more likely that the central bank will cut its lending rate again this month – and more rate cuts are expected to come later this year. (TD) |
In Related News:
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| B.C. government launches website to deter bad-faith evictions: What you need to know
If you’re a landlord and you want to kick someone out so you can use the apartment for personal use (ie. for your child), you have to register (Vancouver Sun) |
👀 Video: How it began: |
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🎥 Property Updates |
| 874 Sherbrooke, Montreal Watch the Montreal Hotel do a dividend to 767 Investors in Seconds. (Watch) Estimated IRR on this property was 17.88% |
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| The Montebello, St. Catharines Development on the Montebello Project in St. Catherines is nearing completion, with the final touches and last phases of construction underway. This 5-storey condominium development features 253 units, ranging from 650 to 1100 square feet. 230 occupancies have been completed to date! Estimated IRR 20% |
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