The Weekend Edition October 20th

Happy Sunday!

Lots to catch up on today. Industry news, Scott McGillivray update plus Porte is gearing up to launch their next property on the platform. Stay tuned and keep an eye on your account for more details coming soon! This will be the 5th Porte property to launch on addy.

Today’s reading time is 5½ minutes.

💰 Monthly Dividends

The Harrison building in Calgary has been doing monthly dividends. If you wish to participate the next ex-dividend date is October 31st 2024. If you invest by that date you will be included in the November and future dividends. (Details)

🔜 Scott McGillivray Campaign Ending Soon

The Scott McGillivray Real Estate Trust II has announced that they will be closing Fund II to new investments at the end of October, as they are approaching their capital target. If you’re looking to participate in this Fund, you have until the end of the month to do so. (Details)

📰 Industry News

‘Motivated’ buyers could spur uptick in Toronto-area real estate, agents say

The real estate market across much of the Greater Toronto Area and beyond continues to remain soft as interest rates remain high, but we could soon see things sell at a brisker pace next spring. (Global News)

BC renters seeing “largest annual decline” since 2021 in this surprising city

BC communities make up three of Zumper’s top five most expensive rental markets in Canada. Vancouver takes the top spot. Burnaby and Victoria come in third and fourth place, respectively, just after Toronto. (Daily Hive)

Home affordability improved in September following summer rate cuts.

Those on the hunt for a home in September enjoyed a sweet spot in terms of affordability, as lower mortgage rates – combined with softening home prices and ample supply – took the pressure off buyers. (ratehub.ca)

Slate Asset Management Announces “Strategic Reduction” In Office Portfolio

“While we continue to believe the outlook for the office market will improve over time, we are focusing on the opportunity to scale our investments in sectors that are benefitting from strong tailwinds and high growth,” said Blair Welch, who co-founded Slate Asset Management along with his brother, Brady. (Storeys)