Weekly Address January 1st Edition

🥂 Wishing you a Happy New Year!  2024 was filled with cheers, challenges, and lots of cha-chings. This past year we celebrated lots of divvys, some fruitful exits, two new investment types, plenty of prop drops, and more. 

We also learned a lot. As a platform, we have strengthened our due diligence and taken measures to enhance the information provided to users to better facilitate thoughtful decision-making on our app.

2024 proved just how powerful community capital can be. In the midst of a nationwide housing crisis, the addy community has financed so many amazing projects this year.

We’re excited to continue to provide you with more opportunities in 2025–stay tuned! 

Let’s take a trip down memory lane and explore some of the highlights of 2024…

🤑 First Hard Money Loan 101K Exit

Among the many returns investors on the addy app earned this year, the first  Hard Money Loan exit was one of the most exciting. This loan paid out $101,668.75 to investors through addy!

🚀 Dropped the First Real Estate Fund & Land Loan

We celebrated lots of firsts this year–especially when it comes to investment types!

The first real estate fund with the Scott McGillivary Real Estate Fund II and the first Land Loan were dropped on the addy platform this year. 

⬆️ ⬇️ Interest Rates Stayed High…for Most of 2024

The bank of Canada kept rates at a steady 5% until July 2024, when they lowered it by .25%. Since July, we’ve seen a steady decrease in interest rates. The current rate is 3.25% (Bank of Canada).

📱 The Launch of addy for Android

Allowing users to access addy through a mobile device is one step towards making real estate investing even more accessible. 

This September, we were pleased to make this a reality for Android users. Download it on Google Play here.

🏆 The 2024 Most Listened to addy Podcast Episode 

Episode #31 – The Currency Conundrum with Jeff Booth was the most listened to addy podcast episode in 2024. This episode explores governmental control over currency and the dynamics of inflation and deflation. Check it out here.

🇨🇦 Canada’s Headlines

RE/MAX Predicts 2025 Seller’s Market and Housing Price Rise by 5%

According to RE/MAX’s 2025 Canadian Housing Market Outlook, the real estate giant predicts 2025 will be a seller’s market, with the national average for housing prices rising by 5% (RE/MAX).

Atlantic Liberal Caucus Calls for Trudeau to Resign

In a letter addressed to Trudeau, the Atlantic Liberal Caucus called Trudeau to resign, expressing “deep concern” for the future of government. This comes 2 weeks after Chrystia Freeland’s seething letter to the prime minister (CTV News).

🎧 Podcast

In this week’s podcast episode, Stephen Jagger, addy co-founder, sat down with Liza Rogers, Founder of WREN (Women’s Real Estate Network) to talk about the rise of the investment in small multi-family homes and how family and friends are using multi-family homes to own together. Watch it here. 

🔗 Subscribe to The addy Podcast –  Apple | Spotify | YouTube

🗞️ Industry News

 ‘We need new leadership’: Atlantic Liberal caucus calls for Trudeau’s resignation

The Atlantic Liberal caucus is calling on Prime Minister Justin Trudeau to resign as party leader in a letter expressing “deep concern” about the future of government (CTV News). 

The 2025 Housing Market Outlook
RE/MAX brokers and agents share an overview of national housing market activity in 2024 and their outlook for the year ahead (RE/MAX).

Real Estate Industry Sees Sixth Straight Month of GDP Growth

Real estate GDP rises 0.6 per cent in October while overall Canadian economy grows 0.3 per cent for the month, according to StatsCan (Toronto Star).

A by-the-numbers look back at Canadian finance in 2024

It’s clear banks and borrowers fared better than feared. Here’s a quantitative look back at the state of Canadian finance in 2024 (Financial Post).

What did you think of today’s newsletter? 🤔

Great 😊  |  Solid 🙂  | Meh 🫤