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It’s shaping up to be an exciting week at addy! Tomorrow, we’re hosting our Kelowna Meetup at BNA Brewing – we’d love to see you there! Plus, we have an AMA webinar on Friday, January 31st 2025 at 9am PT. 

In other news, six candidates have been approved to run in the Liberal leadership race, and home sales in B.C. are rising again 🤔 thanks to rate cuts from the Bank of Canada. Speaking of rate cuts, the Bank of Canada reduced its target for the overnight rate to 3 per cent this morning. 

Catch all the details below! 👇

🇨🇦 Canadian News

Bank of Canada Cuts Interest Rates: Read The Official Statement

The Bank of Canada today reduced its target for the overnight rate to 3 per cent, with the Bank Rate at 3.25 per cent and the deposit rate at 2.95 per cent. The Bank is also announcing its plan to complete the normalization of its balance sheet, ending quantitative tightening. The Bank will restart asset purchases in early March, beginning gradually so that its balance sheet stabilizes and then grows modestly, in line with growth in the economy. (Financial Post)

6 Candidates Have Been Approved to Run in the Liberal Leadership Race

Former central banker Mark Carney, former finance minister and deputy prime minister Chrystia Freeland, Nova Scotia MP Jaime Battiste, former government House leader Karina Gould and former Brampton, Ont., Liberal MP Ruby Dhalla were notified Monday that they can run in the race (CBC). 

Home sales rising in B.C. after interest rate cuts: report

Home sales in British Columbia are on the rise once again thanks to rate cuts from the Bank of Canada last year. The B.C. Real Estate Association says the market is finally balanced and is the healthiest it’s been in a decade. However, looming tariff threats from south of the border put that in jeopardy (CTV News). 

🚨 Last Chance: Campaign Ends February 4th 2025! 

The Ferndale Townhomes’ campaign ends on Feb 4th – check out this 4-building 18-unit development building before it leaves the addy platform.

The Plan: A lot in the High Quadra neighbourhood of Victoria, BC will be rezoned and turned into 18 purpose-built rental multifamily units. This is your opportunity to invest in the rezoning and development stage of this project from Shield Developments. (Learn More)

This issuance is brought to you from issuers Dale Bellavance and Praveen Varshney with Equivesto Canada Inc. as the Exempt Market Dealer. Meet the Issuers

🎧 Podcast 

In this episode of the addy Podcast, Jon Stovell, President of Reliance Properties, joins us to discuss the future of Vancouver’s real estate market, the challenges of heritage restorations, and the complexities of housing affordability in British Columbia. Watch it here. 

Subscribe to The addy Podcast –  Apple | Spotify | YouTube

🗞️ Industry News

First Nations partner with developer on new hotel for Port Alberni

The project is a partnership between the Huu-ay-aht, Tseshaht and Hupacasath First Nations and hotel developer MasterBUILT, the Canadian licensee for Microtel Inns and Suites by Wyndham. (Western Investor)

The 10 Biggest BC Real Estate And Development Industry Questions For 2025

Credited as one of the fathers of empiricism, Francis Bacon once said, “A prudent question is one-half of wisdom.” Thus, rather than add to all the predictions and forecasts that are already out there, we’re going to ask some pertinent questions instead. (Storeys)

Real Estate Bridging Finance: The New Star Of Alternative Investing?

With this, the ecosystem of alternative investments has broadened, as have the kinds of investors looking for alternatives. This has led to serious interest in real estate bridging finance, as it is an asset class that can provide investors with relatively consistent, stable, asset-backed and superior risk-adjusted returns. (Forbes).

Edmonton affordability still a 2025 commercial real estate factor: CBRE report

Edmonton’s 2025 commercial real estate market is poised to see more rental unit demand, migration to higher quality office buildings, and strong industrial sector growth both within the city and surrounding areas, shows the latest CBRE report. (Edmonton Journal).

Calgary business, real estate organizations raise concerns about elevated Green Line alignment

In a letter sent to the province, NAIOP Calgary, BOMA Calgary, Calgary Construction Association (CCA) and Calgary Downtown Association (CDA) said they felt it would be “reckless” to support the proposed elevated line due to a number of concerns (CTV News).

📚 Book Club

Did you know addy has a book club? Join our Discord and jump into the book club channel to discuss the latest read with fellow members! This month’s book: Buy Back Your Time by Canadian author Dan Martell. Join Discord! 

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This newsletter was crafted with care by Taehyun and Stephen—tell us what you think! ✨

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