Tag: real estate news 2022

Real estate: Comparing house and condo costs in Canada

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As the average price of a home in Canada rises year-over-year, a new study is highlighting the growing gap between the cost of condominiums and houses in major Canadian cities.

Conducted by Point2 Homes and published earlier this month, the study shows that house prices are more than double the cost of condominiums in 14 Canadian cities, most of which are in Ontario and British Columbia. The data is based on MLS benchmark prices determined by the Canadian Real Estate Association (CREA) and realtor associations in each local market as of May 2023. Benchmark prices are assigned based on property types rather than square footage.

According to Point2 Homes, the study’s results paint “a bleach picture” for those looking to upsize from condos to houses, particularly in major real estate markets such as the Greater Toronto and Vancouver areas.

In Vancouver, for example, houses are approximately $1.2 million more expensive than condos, on average, representing a difference of about 153 per cent. The term “house” refers to single-family houses, attached single-family houses and townhouses or row houses, while “condominium” refers to apartments.

Meanwhile, in Trois Rivieres, Que., there is a price difference of $44,000 when comparing the average cost of

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Brace for a Wave of Commercial Real-Estate Defaults

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  • Billionaire investor Howard Marks sounded the alarm on the commercial real-estate sector.
  • The Oaktree Capital co-founder warned of mortgage defaults that could add stress to the US financial system.
  • “We’re very likely to see mortgage defaults in the headlines, and at a minimum, this may spook lenders,” Marks said.

Billionaire investor Howard Marks raises the alarm on commercial real estate in what he labels as “one of the biggest worries” US banks face today.

In a Monday memo, the Oaktree Capital Management co-founder warned of a wave of mortgage defaults that could add stress to the US banking sector.

“We’re very likely to see mortgage defaults in the headlines, and at a minimum, this may spook lenders, throw sand into the gears of the financing and refinancing processes, and further contribute to a sense of heightened risk,” Marks said.

“Developments along these lines certainly have the potential to add to whatever additional distress materializes in the months ahead,” he added.

The commercial real-estate market has become investors’ newest concern thanks to higher interest rates, tighter lending

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Housing market downturn a top risk to Canada’s financial system, regulator says – National

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A potential downturn in Canada’s housing market and adjusting to rapid increases in interest rates are among the biggest risks to Canada’s financial system this fiscal year, the country’s financial regulator said on Tuesday.

The Office of the Superintendent of Financial Institutions (OSFI) said it was ensuring that federally regulated financial institutions were alert to changing market conditions in its first annual risk outlook report for the year ending March 31, 2024.

“OSFI is preparing for the possibility, but not predicting, that the housing market will experience sustained weakness through 2023,” said Peter Routledge, Superintendent at OSFI.

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The regulator also said the adjustment to higher interest rates “may not be completely smooth” and that it was intensifying monitoring of market liquidity.

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(Reporting by Maiya Keidan and Ismail Shakil)

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Bank Julius Baer & Co. Ltd Zurich Trims Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

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Bank Julius Baer & Co. Ltd. Zurich lessened its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) by 32.7% during the 4th quarter, according to the company’s most recent 13F filing with the SEC. The fund owned 3,060 shares of the real estate investment trust’s stock after selling 1,489 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Alexandria Real Estate Equities were worth $446,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Canada Pension Plan Investment Board boosted its position in Alexandria Real Estate Equities by 29.2% in the third quarter. Canada Pension Plan Investment Board now owns 3,913,856 shares of the real estate investment trust’s stock valued at $548,683,000 after buying an additional 885,711 shares during the last quarter. Centersquare Investment Management LLC raised its holdings in shares of Alexandria Real Estate Equities by 188.7% during the first quarter. Centersquare Investment Management LLC now owns 1,341,308 shares of the real estate investment trust’s stock worth $269,938,000 after purchasing an additional 876,725 shares during the last quarter. Victory Capital Management Inc. lifted its position in Alexandria Real Estate

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Population ‘moving south in droves’ creates opportunities for US real estate investments

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This is Globe Advisor’s weekly newsletter for professional financial advisors, published every Friday. If someone has forwarded this newsletter to you via e-mail, or you’re reading this on the web, you can register for Globe Advisorthen sign up for this newsletter and others on our newsletter sign-up page.

More investors are turning to alternative investments such as private real estate, equity and debt to help balance their portfolios.

Real estate is particularly appealing to Canadians, both at home and across the border in the US. Perhaps not surprisingly, Canadians made up the largest share of foreign buyers of US property, or 11 per cent of purchases, from April 2021 to March 2022, followed by Mexicans, at 8 per cent, and Chinese, at 6 per cent, according to the National Association of Realtors.

For investors, real estate may not sound like a great investment today, given rising interest rates. However, some argue it’s an attractive time to buy into the asset class, particularly the lenders.

“Floating-rate assets paired with attractive characteristics can offer investors a way to mitigate inflation risk,” says Dean Kirkham, president and chief operating officer at real estate financier Trez Capital in Vancouver.

Globe Advisor spoke

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Allied Properties Real Estate Investment (TSE:AP.UN) Hits New 12-Month Low at $24.30

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Shares of Allied Properties Real Estate Investment (TSE:AP.UN – Get Rating) reached a new 52-week low on Wednesday . The company traded as low as C$24.30 and last traded at C$24.51, with a volume of 63325 shares. The stock had previously closed at C$24.73.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AP.UN. Raymond James decreased their target price on Allied Properties Real Estate Investment from C$38.50 to C$36.50 and set an “outperform” rating on the stock in a research report on Friday, February 3rd. CIBC decreased their target price on Allied Properties Real Estate Investment from C$36.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Thursday, February 2nd. Finally, TD Securities lifted their price objective on Allied Properties Real Estate Investment from C$31.00 to C$34.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. One equity research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Allied Properties Real Estate Investment currently has a consensus rating of “Moderate Buy” and a consensus target price of C$38.34.

Allied Properties

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Kenny Rogers’s Former Abode Is for Sale, a Richard Neutra Home Hits the Market, and More Real Estate News

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One Wall Street welcomes move-ins

The largest office-to-condo conversion in New York history is about to welcome its first residents, as Macklowe Properties unveiled residential interiors at One Wall Street last week, ahead of expected move-ins this month. The 50-story building began life in 1931 as the Irving Trust Company Headquarters, an Art Deco tower designed by skyscraper pioneer Ralph Walker.

Five years of renovations included completely gutting the building’s interior—removing the existing plumbing, stairs, and even the elevator shafts to open the floors up more for residential use. “The only thing remaining in the building was the exterior, which had been landmarked,” developer Harry Macklowe told Bloomberg.

The building has now been wholly reimagined as a 566-unit luxury condo with 100,000 square feet of amenities, including a tricked-out coworking space, a 75-foot glass-enclosed indoor pool, and a private dining room by AD100 2023 Hall of Fame designer Deborah Berke. New street-level retail includes a Whole Foods and a sprawling Life Time Fitness Resort. (The building’s iconic Red Room will soon play host to French department store Printemps.)

On Thursday, Macklowe and AD PRO Directory listee FrenchCalifornia unveiled One Wall Street’s latest model unit: Residence 3404, part of the

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Real News Briefs for 02.25.23 | Special-advertising

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Eleven William Means Real Estate Agents Receive Prestigious Awards

William Means Real Estate announced that 11 of its agents have received recognition from the Charleston Trident Association of REALTORS® for outstanding sales production for the year 2022. The REALTORS® of Distinction award recognizes the top 10 percent of producing Charleston REALTORS® who met stringent requirements including sales production, education requirements and adhering to the REALTOR® Code of Ethics.




Downtown William Means Office

The Downtown William Means office is located at 25 Broad Street.




“William Means agents have incredible knowledge and understanding that you won’t find at any other brokerage in Charleston,” said Lyles Geer, President and Broker-in-Charge for William Means Real Estate. “For 90 years, our firm has offered the highest level of service and expertise to generations of Lowcountry residents and will continue to do so for years to come.”

Two William Means Real Estate Agents qualified for the Platinum category, which represents the top two percent of REALTORS® in the Charleston area. This category requires agents to have sold more than $26,600,000 in volume and/or more than 50.5 sides. Lyles Geer and Kalyn Smythe received this honor, each achieving $50M and $43M in sales, respectively.

The Gold category

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62% of Buy to Let Landlords Report Increase in Tenant Demand

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In the midst of the current economic climate, the demand for rental properties has seen a significant upsurge, the latest studies show.

A recent 2023 Landlord Report has seen 62.24% of buy-to-let landlords state they have experienced an increase in demand for their rental properties over the last 12 months.

The research comes courtesy of specialist property finance broker Finbri where an associate has highlighted how owing to the “continued instability of the mortgage market and the UK economy, rental property demand is rising. Due to prolonged uncertainty, first-time buyers are postponing entry into the market.”

Landlords in Central London report even higher figures – with an astonishing 94% of landlords reporting increased demand according to a survey undertaken by specialist buy-to-let lender Paragon Bank.

In turn, rooms in HMO’s (housing in multiple occupations) have seen their rents reach record heights as tenant demand far outweighs supply. SpareRoom outlined how tenant demand hit a nine-year high last August – which corresponds to the wider rental market witnessing a 23% year-on-year growth in demand for rental properties.

This heightened demand shows no sign of slowing down anytime soon as tenants withhold trying to get onto the property ladder at present. In

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How to Invest £30k – The Best Ways to Invest £30k in 2023

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One of the most traditionally popular investment options, stocks remain a prevalent way to invest in 2023.

The stock market allows you to buy shares, or fractions of ownership, in companies so you can earn returns based on how they perform financially.

The more stocks in a company you own, the larger your stake of ownership is and the more profit you will make from your portfolio. For example, if a company had 1,000 shares and an investor owned 100 of them, then that investor would own 10% of the company and be entitled to 10% of the company’s profits.

As you earn money based on how companies perform, if their fortunes take a turn for the worse, then so will yours.

There are thousands of companies you can invest in on the stock market, meaning this is a good option if you want to diversify your portfolio.

Having a diversified portfolio means spreading your money around multiple forms of investment.

This is a good way of investing, as if one of your investments fails then you will not lose as much money, which is helpful for those with lower risk tolerances.

Some of the most popular stocks for beginner

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