Lots of updates this week!

The latest real estate news: The Harrison has officially sold out, and Castleview is exiting with a projected 60% pre-tax profit. Meanwhile, AI is rapidly transforming the real estate space — and addy Intelligence is the perfect Chief AI Officer for issuers looking to automate, systemize, and cut costs. Plus, some of the team will be in Kelowna this week. (reach out if you wanna connect in Kelowna)

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 ✅ SOLD OUT – The Harrison, Calgary, Alberta

The Harrison in Calgary has sold out to 1,946 Canadians, raising $1,095,000 with an average investment of $562.69.

*Equivesto Canada Inc. is registered as an Exempt Market Dealer in all Canadian provinces and territories. Equivesto is the Exempt Market Dealer on The Harrison. 

 💰 EXIT – Castleview Apartments, Calgary, AB

Castleview Park Apartments is in the process of exiting. The projected pre-tax return is approximately 60%. The investment includes 1,834 investors with an average investment of $462.14 and a holding period of around 3 years. Complete details within your account. 

*Atlas One is registered as an Exempt Market Dealer in BC, AB, SK, MB, ON and NB. Atlas One is the Exempt Market Dealer on Castleview Park Apartments. 

 🗞️ Real Estate News

Experts Analyse Poilievre and Carney’s New Home GST Rebate Policies

The two proposals, while similar, have three main differences: eligibility, price scope, and financing — all of which will dictate their effectiveness. (Storeys)

Developer pushes back on affordable housing rules at Vancouver forum

Because income-testing is difficult and “social engineering” decisions are required, inclusionary zoning—which requires a certain ratio of units to be rented at below-market prices—should be scrapped and replaced, said Cyrus Navabi, president of Qualex-Landmark Living Inc. (Western Investor)

Canadian dollar’s weekly winning streak sets to end ahead of election

The Canadian dollar edged lower against its U.S. counterpart on Friday and was on track for a slight weekly decline, as investors weighed prospects of a cooling in U.S.-China trade tensions and awaited the outcome of Canada’s general election. The loonie was trading 0.1% lower at 1.3860 per U.S. dollar, or 72.15 U.S. cents, after moving in a range of 1.3847 to 1.3892. For the week, the currency was also down 0.1%, after seven straight weekly gains. (Reuters)

CMHC reports annual pace of housing starts slowed in March

Canada Mortgage and Housing Corp. says the annual pace of housing starts in March slowed compared with February. The national housing agency says the seasonally adjusted annual rate of housing starts came in at 214,155 units in March, down from 221,405 in February. (Toronto Star)

Vancouver Proposing Sweeping Changes To Accelerate Redevelopment Of DTES

Proposed changes for the Downtown Eastside include reduced social housing requirements, increasing allowable heights, and streamlining development processes. (Storeys)

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