| The addy Android app is almost ready. Watch this space for more details on when it is available. Plus, the first credit issuance is in your addy account for review. Launch date to be announced shortly. Lastly we have included some of the latest industry news and a request for feedback on the addy Discord server if you have 60 seconds to provide your thoughts. Let’s go!
Today’s reading time is 3½ minutes. |
🙏 Discord Feedback Request |
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| We are looking for your feedback on the addy Discord Server. We are always working to improve and find better ways to do things and we thought it was time to get some feedback on Discord. If you don’t mind, can you take a moment to give us your thoughts? |
🧑🎓 Learning Corner |
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| Demystifying Secured Real Estate Loans: A Beginner’s Guide (Read More) |
🎧 What We Are Listening To |
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| Exploration into turning REALTOR.ca into a for-profit subsidiary of CREA
Unpacking the Draft Business Case for REALTOR.ca with Janice Myers, CREA CEO, and James Mabey, CREA Chair. (CREA.ca) |
📰 Industry News |
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| Income required to buy a home has dropped in major Canadian cities
According to a study by Ratehub.ca, an online financial tool, these cuts have lowered the benchmark interest rate from 5% to 4.5 nationwide. As a result, affordability has improved for homebuyers across several Canadian cities. (Daily Hive) |
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| Multiple perspectives on multiplexes: How ‘missing middle’ housing is reshaping Canadian real estate
The term “missing middle” has become as common in today’s real estate vocabulary as “a hot market” or “location, location, location.” Cliches often have some truth in them — and in the case of the “missing middle,” it’s gaining traction in the Canadian real estate market in part due to the rise of a newer property type: multiplexes. (Real Estate Magazine) |
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| This Week’s Top Stories: Canadian Real Estate Supply Soars, Prices Fall, & Delinquencies Rise
Canadian real estate markets have seen supply soar as investors head for the exit. That was the take from RBC, who warned investors that low rates didn’t stimulate buyers so much as sellers. (Better Dwelling) |
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| Whistler developer launches library of building designs
Whistler-based company, Innovation Building Group (IBG), has launched a library of readily-available building designs for smaller communities and organizations. The library, which was created as part of the company’s submission to the Canadian Mortgage and Housing Corporation (CMHC)’s Housing Supply Challenge, was formally launched in a new website on Tuesday, Aug. 13, a little under three months after the library proposal was listed as one of 18 semi-finalists in the challenge to increase housing supply in Canada. (Western Investor) |
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| Insider: When It Comes To New Housing, Will Governments Ever Listen To The Experts?
Opinions have ranged from frustrated vents to constructive recommendations, and appear to have all landed on deaf ears. Now, Canadians find ourselves in a housing environment that is even worse than before — and insiders are getting louder in attempts to finally be heard. (Storeys) |
What did you think of today’s newsletter? 🤔 |
