Daniel Sax

CBC reports that the Competition Bureau Canada is going to look at the Government of Canada stranglehold on Canadian airport operations and the high costs to flying consumers. The Bureau’s mandate may include reviewing possible investments by pension funds and foreign sovereign funds that are investors in airports around the world. #airports #competition #canada #highcosts #foreigninvestment

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Starlight Investments has placed a portfolio of 26 multifamily assets with 2,643 housing units in eight Ontario and British Columbia markets up for sale, reported Real Estate News Exchange (RENX). "If a transaction is closed, it would almost certainly be one of the largest of the year for the sector. Starlight and representatives of TD Cornerstone Commercial Realty Inc. and CIBC WM Real Estate Ltd., which have been retained exclusively to facilitate the sale, declined RENX’s interview requests regarding the portfolio and listing." "The portfolio is comprised of: 1) 12 properties with 775 units in Toronto; 2) two properties with 324 units in Mississauga; 3) three properties with 394 units in Hamilton; 4) four properties with 658 units in Kitchener; 5) one property with 100 units in Waterloo; 6) two properties with 242 units in Guelph; 7) one property with 57 units in North Vancouver; and 8) one property with 93 units in Nanaimo." https://lnkd.in/gh5fCcyt #canada #multifamily #portfolio #sale

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🚀 Exciting News! The latest edition of AIC's Canadian Property Valuation Magazine is now available! 📖✨ Dive into insightful articles on: ◾ Capitalized income in real estate and business valuation ◾ Solutions to the affordable housing shortage ◾ Arbitration and appraisal strategies ◾ The proportional value of functional groups in forming machines ◾ ... and much more! Don't miss out on these valuable insights. #ProfessionnalAppraisers #PApp #KnowTheValue #CanadianRealEstate

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Infill development and land redevelopment are powerful tools for revitalizing our cities. When done thoughtfully, they can harmonize with the environment, honor the character of the neighborhood, and create win-win situations for everyone involved. Why It Matters: 1. Environmental Respect: Prioritizing green spaces, sustainable building practices, and energy-efficient designs to reduce our ecological footprint. 2. Neighborhood Harmony: Designing projects that blend seamlessly with the existing community, enhancing the local culture and aesthetics. 3. Economic and Social Benefits: Creating modern, functional spaces that drive economic growth and provide valuable amenities. Great article to read! #UrbanDevelopment #Sustainability #CommunityFirst #RealEstate #InfillDevelopment

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📢 It’s that time of year again! Calling all new Canadian Sustainable Proptech startups! We're updating this year's #sustainableproptechcanada report and are looking for new companies!! Tag them below ⬇️

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Toronto and Vancouver Need More Homes. Both Cities Face Similar Obstacles. Businesses exist when there are problems to solve. I look at the Canadian housing problem as a vast opportunity. Canada needs 3.5 million more homes over the next decade above current production levels. That’s a big problem. David Olive’s article points out a number of factors with powerful charts which show the problem but also solutions. Construction workers are needed yet many are retiring and current immigration policy isn’t prioritizing the trades. #multifamily #multifamilydevelopment #realestate #realestatedevelopment

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Ottawa’s Housing Market Evolution 🏡💼 In this snipet of our podcast we dive into the details of the new government policy extending the amortization period to 30 years. Discover how this change is reshaping accessibility to home ownership and impacting new builds in the capital. 🌟 #RealEstate #Ottawa #OttawaHomes #FunnyStory #Manotick #Nepean #Greely #Centrepointe #RealEstate #HomeForSale #PropertyInvestment #HouseHunting #NewHome #RealtorLife #DreamHome #LuxuryRealEstate #HouseListing

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In adopting technology, building managers need to know reality, not perceptions. Sarah Segal debuts her new CRE Data Deep Dive column today on RENX. Welcome aboard! #cre #crecanada #realestate #proptech #propertytechnology #yardi #technology #assetmanagement

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The headline is for clicks but the underlying sentiment is not wrong. We talk about not using the short-term ups and downs as a big factor in decision-making. Toronto is a growing city with a housing shortage. The current and recent past with so much uncertainty (that has led to some ups and some downs BTW) is a great example of the proven strategy to buy the right investment product, hold it, and then prosper. I’m hoping that there is enough written, with the facts, about the market and how large urban markets grow and thrive, so that this headline isn’t surprising. 🔔 Follow Simon S. Mass Mass to see more great real estate investing content on #LinkedIn 🫂 Go to my profile and learn about pre-construction investment offerings in Toronto and Miami #torontorealestate #realestateinvesting #toronto #canadarealestate #torontocondos #gtarealestate #miamirealestate #housing #economy

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June 2024 CREA recap Penelope Graham, Director of Content July 15, 2024 The latest report from the Canadian Real Estate Association (CREA) shows transactions increased 3.7% between May and June, a result of the Bank of Canada’s quarter-point rate decrease on June 5th. “It wasn’t a ‘blow the doors off’ month by any means, but Canada’s housing numbers did perk up a bit on a month-over-month basis in June following the first Bank of Canada rate cut,” said Shaun Cathcart, CREA’s Senior Economist. “Year-over-year comparisons don’t look great mainly because of how many buyers were still jumping into the market last spring, but that’s a story about last year. What’s happening right now is that sales were up from May to June, market conditions tightened for the first time this year, and prices nationally ticked higher for the first time in 11 months.” Compared to the same month in 2023, sales are down -9.4%, with a total of 45,654 homes trading hands. New home supply outweighs sales However, sellers continue to flood the market with new listings, well offsetting sales activity. A total of 180,000 properties were listed for sale by the end of the month, up 26% on a year-over-year basis. However, CREA points out, new listings increased just 0.5% from May, which could indicate the inventory glut that’s grown across Canada may be slowing. The supply of new homes is growing most in the Greater Toronto Area and Vancouver markets, points out CREA, which has dialed down the pressure for buyers in those cities and given them plenty of choice. Average home price down nearly 2% from 2023 As well, soft sales and plentiful supply has done little to support price growth, with the national average home price dipping -1.6% in June to $696,179. The MLS Home Price Index, which measures the most typical type of home sold, also slid by 0.1% on a monthly basis, and down -3.4% annually. Home prices have fallen in most markets across Canada with the expectation of the Prairies – Calgary, Edmonton, and Saskatoon continue to see price increases – as well as Montreal and Quebec City The association now expects a total of 472,395 residential properties to sell in 2024, a 6.1% increase from 2023. This is a decrease from its previous forecast of 492,083 transactions and 10.5% increase. Then, in 2025, sales will rise another 6.2% to 501,902 transactions as “interest rates continue to decline and demand continues to flow back off the sidelines.” This is down from the previously called for 7.8% increase, with 530,494 sales. The national average home price is to increase a total of 2.5% in 2024 to $694,393, and then increase another 5% in 2025 to $729,319. Previous forecasts had called for growth of 4.9% this year to $710,120, and by 7% in 2025 to $760,120. Looking to buy, sell, rent, invest in Kelowna/Vancouver? Call Paul www.vancityurbanliving.ca www.kelownaurbanliving.ca

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Wow. Government trips over itself again. This ruling shows zero understanding of how development works and will backfire. Proforma's already don't work and this is another nail in that coffin. What is 100% of zero? That's how many are going to get built. If they do get built they will be at even higher prices as everything will be forcibly bigger which spits in the face of affordability. The accessible housing that is already built (upwards of 20% depending on municipality) is already rarely occupied by those who need it. Mark my words, by going to 100% we will see less accessible homes built total than we would at 20%. When is the government going to learn that they can't force socialist agendas on private land or the machine will just stop running. https://lnkd.in/ghBHmw-v

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Some very interesting stats about the Montreal housing market from WOWA's Hanif Bayat, Ph.D. : *Are home home sales UP or DOWN *average home selling price *condo median price https://lnkd.in/eJHqRv4

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The bottom is nigh for most commercial real estate asset valuations, but office is still a struggle. Insights, perspectives on this and more from Altus Group's latest sentiment survey of Canadian #CRE executives. #crecanada #realestate #office #apartments #industrial #retail #canada

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🚀 Exciting news! We're thrilled to share our latest podcast episode featuring Scott Dedels, the visionary founder of Block Rewards In this episode, we delve into: - The genesis of Block Rewards and its mission to empower Canadian businesses in the post-pandemic economy. - How BlockRewards.ca is revolutionizing wealth building with its Bitcoin Purchase Plan and dollar-cost averaging strategy. - The rising trend of offering Bitcoin as part of compensation packages and its impact on recruitment and retention strategies. Scott shares valuable insights on integrating Bitcoin into total compensation strategies and leveraging it as an incentive tool within employee benefits packages, including health and wellness programs and bonus structures. Learn about Bitcoin's unique value proposition in the corporate landscape and why it is the premier digital currency choice for businesses, as advocated by BlockRewards.ca. Tune in to this must-listen episode, available on YouTube, Spotify, and Apple Podcasts, and uncover innovative strategies and opportunities for Canadian businesses in embracing Bitcoin integration. #Podcast #Bitcoin #BlockRewards #Crypto #Business #WealthBuilding #EmployeeBenefits #CanadianBusiness #Recruitment #Retention #Innovation https://lnkd.in/g5VhSKTZ

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🏢 Tune into Sunny In Van for an exclusive look at Vancouver's housing market. Discover the latest trends, investment opportunities, and more. Click the link to watch the full video and get ahead in your real estate journey! 📺 https://lnkd.in/gRxHTT3Z ✅Don't Forget to LIKE 👍 SUBSCRIBE 🔔️SHARE ↗️ Contact Sunny In Van now! 📱 604-283-7610 📧 hello@sunnyinvan.com 🌐 Check out www.sunnyinvan.com for more details ***The information included is for educational purposes only. This is not financial or professional advice.*** ⭐ Explore our social media profiles! ⭐ IG: https://bit.ly/3En1xtv Twitter: https://bit.ly/3EotuRG Facebook: https://bit.ly/3sHkDrG TikTok: https://bit.ly/3LtLYED #help #education #mortgage #mortgagebroker #property #vancouver #surrey #burnaby #sunnyinvan #realtor #realestate #socialmedia #marketing #website #entrepreneur #house #property #forsale #branding #bitcoin #training #goals #sold #dreamhome #realtorlife #listing #investment #business #metaverse #NFT #blockchain #crypto #VancouverRealEstate #BusinessTrends #RealEstateBoardUpdate #PropertyNews #VancouverRealEstate #StrategicInvestment #MarketInsights #HousingPolicy #ProfessionalNetwork #MarketAnalysis #BCRealEstate #FlippingTax #BusinessGrowth

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🔑 Ready to dive into Surrey real estate? Our newest video from Sunny in Van breaks down market trends, investment opportunities, and recent changes. Get expert insights and see what makes this area a hot spot. Watch now! 🏡 https://lnkd.in/dcfWd9es ✅Don't Forget to LIKE 👍 SUBSCRIBE 🔔️SHARE ↗️ Contact Sunny In Van now! 📱 604-283-7610 📧 hello@sunnyinvan.com 🌐 Check out www.sunnyinvan.com for more details ***The information included is for educational purposes only. This is not financial or professional advice.*** ⭐ Explore our social media profiles! ⭐ IG: https://bit.ly/3En1xtv Twitter: https://bit.ly/3EotuRG Facebook: https://bit.ly/3sHkDrG TikTok: https://bit.ly/3LtLYED #help #education #mortgage #mortgagebroker #property #vancouver #surrey #burnaby #sunnyinvan #realtor #realestate #socialmedia #marketing #website #entrepreneur #house #property #forsale #branding #bitcoin #training #goals #sold #dreamhome #realtorlife #listing #investment #business #metaverse #NFT #blockchain #crypto #VancouverRealEstate #BusinessTrends #RealEstateBoardUpdate #PropertyNews #VancouverRealEstate #StrategicInvestment #MarketInsights #HousingPolicy #ProfessionalNetwork #MarketAnalysis #BCRealEstate #FlippingTax #BusinessGrowth

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