| The very first property to come onto the addy platform did a return of capital last week. The OG investors in the Trout Lake property received 100% of their investment capital back and the profit will follow in the coming weeks. A big thanks to all of the investors who participated!
Last Wednesday we mentioned the first credit opportunity is coming to the platform. Now, when you log into your account you can see the details. The Lina on QE Park launches this week! Make sure your account is ready! Log into your account and make sure have Verified Your ID; Connected Your Bank Account and become an addyOne Member to get first access. Finally, you can see some of the latest industry news below. Let’s go! Today’s reading time is 4½ minutes. |
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| Lina on QE Park – Trez Capital Fund Management This is an opportunity to indirectly invest in a Senior B Tranche of a first mortgage construction loan through a limited partnership. The first mortgage construction loan is for a six-storey residential development project with daycare facility at 5212 Cambie Street in Vancouver, British Columbia, Canada. (Details) Issuer: Trez Capital Fund Management |
🤔 Why Scott McGillivray Choose addy |
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📰 Industry News |
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| Housing tops list of human rights issues in B.C., report finds
Inequalities are baked into British Columbia’s justice, health and child-welfare systems, and rights issues in the province abound in schools, hospitals and workplaces, says the province’s human rights commissioner. (CBC) |
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| Site Of Planned Brampton Retirement Community Hits The Market For $14.3M
More and more, we’re seeing unfinished developments in the Greater Toronto Area hit the market, and this week, a privately-funded planned retirement community development in Brampton was listed under power of sale for $14.3M. (Storeys) |
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| Top cities for renters in Canada: Quebec leads the way while St. John’s outranks 99 cities
In these top-ranking cities, renters can enjoy a well-balanced lifestyle without feeling like they’re in limbo until they can buy a home. Seven cities in Quebec and Cape Breton, Nova Scotia, boast the lowest average rents, all under $1,000, making them ideal for those seeking affordability. (Real Estate Magazine) |
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| Housing market tilts in buyers’ favour as sales soften and new listings rise
After the Bank of Canada began cutting interest rates for the first time since 2020, there was optimism the real estate market was on the path to recovery. However, the latest figures suggest the resurgence may be slower than expected. (Financial Post) |
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| Metro Vancouver office vacancy rates increase amid development slowdown
The vacancy rate rose to 10.4 per cent in Q2 2024, a slight increase of 0.3 per cent from the last quarter, according to a Aug. 14 report from real estate services firm Avison Young Canada. (Western Investor) |
