The Weekend Edition October 27th

Happy Sunday! In today’s Weekend Edition you will find the latest industry news, an updated offer from Coast Capital and the most recent addy video. Plus there are 5 properties live on the platform for your review and a few more about to drop. 

Also, are you in the addy Discord? If not, now is a good time to join as addy CEO Mike Stephenson just revealed an upcoming property that will drop on the platform in Kelowna. Check out Discord for a sneak peek.

Important Dates:

The Harrison’s next ex-dividend date is October 31st 2024, which means if you invest by that date you will be included in the November and beyond dividends. This property has been doing monthly dividends since it launched! 

The Scott McGillivray Real Estate Trust II campaign ends on October 31st 2024 at midnight. If you are planning to invest be sure to complete your transaction before that date. 

Also, if you haven’t, be sure to subscribe to the addy YouTube Channel and podcast on Spotify or Apple to keep you up to date on the latest at addy. 

Today’s reading time is 5½ minutes.

📰 Industry News

Posthaste: Canada drops in global ranking after hike to capital gains tax

Canada has fallen in a global ranking of tax competitiveness after Ottawa raised the capital gains inclusion rate this year. The country dropped from 15th to 17th out of 38 countries in the Organisation for Economic Co-operation and Development on the International Tax Competitiveness Index. (Financial Post)

Canada’s Rising Unemployment Now A Greater Risk Than Mortgage Renewals: RBC

They warn that doesn’t mean we’re in the clear, as a much larger risk is forming—rising unemployment and a generally weak labor market. (Better Dwelling)

Calgary a leader in Canada’s luxury real estate market, says Sotheby’s

In the first six months, more than 89,000 people moved to Alberta — a large percentage from Ontario and British Columbia — which increased housing demand and home prices in Calgary. (Yahoo News)

Metro Vancouver developers propose shifting construction fees directly to homebuyers

Property developers have, again, asked Metro Vancouver regional government members for development fees to be waived, deferred or redirected citing escalating costs to construct new homes. The most recent pitch came last Thursday as developers lined up to speak at a special committee of the region’s mayors. (BIV)

FROM OUR FRIENDS AT COAST CAPITAL

Get $25* when you join Coast Capital, plus up to an additional $600** stacked bonus.

addy and Coast Capital have teamed up to bring this offer exclusively to addy members. Coast Capital is one of Canada’s largest credit unions and addy is excited about the perks this offer provides to our community. You can access this promotion through your addy account. (Log in)

In this week’s video we talk about the recent Bank of Canada rate change, the upcoming exit of the Montebello and how addy is a key tool between Citizen Builders and Community Capital.

What did you think of today’s newsletter? 🤔

Great 😊 | Solid 🙂 | Meh 🫤