Rate Announcements | Industry News | Divvys

Dividends

• The next ex-dividend date for The Harrison property in Calgary is August 31st 2024. Meaning if you choose to invest by that date you will be included in the next dividend, scheduled to be on September 25th 2024. So far The Harrison has done six straight months of dividends. (Log in for details)
• The Starbucks property in Chilliwack just paid its fourteenth quarterly dividend to 845 Canadians! The distribution was $5,397.30 for Q2-2024 and a cumulative cash distribution of $52,093.94 from the initial investment. Investors have earned a cash distribution yield of approximate 4.95%, annualized and earned an approximate 11.86% annualized return on equity.

Dropping Soon

• Lina at QE Park in Vancouver is dropping soon. Log in for details
• For those in Discord, you might have noticed a new channel for a Saint John, New Brunswick opportunity. 👀 Details coming soon!

Upcoming Dates

• 🇨🇦 The next Bank of Canada interest rate announcement is set for September 4, 2024.
• 🇺🇸 The Federal Open Market Committee (FOMC) a division of the US Federal Reserve, next meeting takes place September 18, 2024.

Today’s reading time is 3½ minutes.

🚧 The Davenport

📰 Industry News

Inflation has been slowing down this year, and the BoC has announced two rate cuts so far. The next central bank announcement is expected on September 4, and many signs — domestic and international — point to continued reductions in the key interest rate. (Daily Hive)

For years, the development market in Kelowna was heavily skewed to the for-sale condo market. As the rental vacancy rate dropped dangerously close to zero, the city tried numerous incentives to induce developers to build much-needed rental units across the city. (BIV)

What Calandra didn’t explicitly mention is, in this effort to streamline, the new PPS will replace another piece of regulation known as the Places to Grow Act. That Act was quietly revoked on Tuesday, and will be consolidated into the updated PPS, due to go into effect on October 20. (Storeys)

On Thursday, Royal LePage released survey results that found 84 per cent of Canadians between 18-38 view homeownership as a “worthwhile investment.” Additionally, 74 per cent of respondents who do not own a home indicated that home ownership is a priority. (BNN Bloomberg)

The house where Meghan Markle stayed while living in Toronto has been listed for $1.8 million, making it the second property linked to British royalty to hit the market this summer. (National Post)

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