Lots to cover in today’s Weekly Address. The Bank of Canada cut rates, the latest industry news, a new advance look at a potential upcoming opportunity (we would love your feedback) and the Lakewood Mall campaign is coming to an end.
Today’s reading time is 5½ minutes. |
🕵️ Rate This Property |
We are trying something new!
An issuer is considering launching a new property on the platform and we wanted to share some of the details with you and would appreciate your feedback. The goal is to share more information about potential property drops as well as to gauge the interest from the addy community. Please note that this is not a commitment to invest, but rather an opportunity for us to understand your potential interest in this opportunity. Your input will help us gauge the level of interest and make informed decisions moving forward. |
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Address: 75 Prince William, Saint John, NB Property Type: Office About the Property: This is a fully stabilized office building in the central business district of Saint John, NB built in 1960 & 1982 with steel and concrete. It is not owner occupied, and close to the St. John river. The building is four-storeys with a basement. Property Plan: Perform a roof replacement and upgrade the roof top chiller and heat pump *If this issuer choose to move forward you will see the complete issuance details within your account along with the Exempt Market Dealer information who will present this opportunity. |
🏦 Bank of Canada |
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Bank of Canada reduces policy rate by 25 basis points to 4½%
The Bank of Canada today reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization. (Bank of Canada) |
📰 Industry News |
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Cutting Time
So here’s what we know for sure across most of the country. Rents are flat and falling, home prices are falling, mortgage interest costs are easing. In other words, 30% of the CPI basket, in real time, is deflating. (The Saretsky Report) |
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How The City Of Calgary’s New $60M Housing Capital Initiative Will Work
On Thursday, the City of Calgary announced the launch of its $60M Housing Capital Initiative (HCI), one of the many actions the City identified in the housing strategy that was approved last fall. (Storeys) |
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How do Canadians Define Liveability in Today’s Housing Market?
But while affordability is a critical component in the journey to home ownership, a new report identified other crucial liveability factors to purchasing a detached house, a townhome, or a condo. (RE/MAX) |
📣 Lakewood Mall Campaign Ending |
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Lakewood Shopping Centre Closes July 25 at midnight PT (that’s tomorrow!). Log into your account to learn more about the opportunity before it closes. |
What did you think of today’s newsletter? 🤔 |