real estate news atlanta

TD Securities Lowers Dream Office Real Estate Investment Trust (TSE:D.UN) Price Target to C$15.00

06/07/202321/04/2025dansa

Dream Office Real Estate Investment Trust (TSE:D.UN – Free Report) had its price target reduced by TD Securities from C$17.00 to C$15.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports.

A number of other brokerages have also recently weighed in on D.UN. CIBC cut Dream Office Real Estate Investment Trust from an outperform rating to a neutral rating and dropped their price objective for the company from C$20.00 to C$17.50 in a research note on Thursday, April 13th. Cormark raised Dream Office Real Estate Investment Trust from a market performing rating to a buy rating and dropped their price objective for the company from C$20.50 to C$17.00 in a research note on Thursday, May 18th. National Bankshares raised Dream Office Real Estate Investment Trust from a sector performance rating to an outperform rating and dropped their price objective for the company from C$18.50 to C$16.00 in a research note on Tuesday, April 18th. Finally, Canaccord Genuity Group dropped their price objective on Dream Office Real Estate Investment Trust from C$16.00 to C$15.50 in a research note on Wednesday, May 17th. Two analysts have rated the stock with a hold rating and three have assigned a buy

Interest Rates Rise in the UK

06/07/202321/04/2025dansa

Given that mortgage rates are set to rise because of the rising interest rates, many buy-to-let investors will be having to pay more on their mortgages as lenders raise their rates to meet the Bank of England’s base rate.

It’s worth noting that although the Bank of England is raising their rates to 5%, mortgage lenders’ rates will be a lot higher than this. Especially with buy-to-let mortgages, rates are often a lot higher than standard residential mortgages due to the higher risk of them not being repaid.

Buy-to-let mortgage repayments cover the accrued interest of the mortgage, so monthly repayments will set to rise.

Because of this, buy-to-let mortgages are expected to become less popular with investors in the immediate future, as many will not want to deal with higher interest rates and would rather invest in property through other means.

If you’re interested in investing in buying to let property, however, don’t let this news deter you. There are alternatives to using a buy to let mortgage when purchasing buy to let property that actually comes with a lot of extra benefits for investors.

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‘People need to be together’

24/04/202321/04/2025dansa

Remote work is “a bunch of bullshit,” according to Sam Zell, the outspoken real estate magnate known for his colorful language.

More from Fortune: 5 side hustles where you may earn over $20,000 per year—all while working from home Looking to make extra cash? This CD has a 5.15% APY right now Buying a house? Here’s how much to save This is how much money you need to earn annually to comfortably buy a $600,000 home

“One of the biggest lies in the world is that people working from home are more productive than people working in the office,” the billionaire founder and chairman of Equity Group Investments told a New York University luncheon on Wednesday. “You have much less productivity if you’re working from home in your pajamas with three little kids running around than if you’re in an office.”

The commercial real estate legend received applause for his comments this week, but then, he was speaking to a friendly audience. NYU’s Schack Institute of Real Estate hosted the luncheon as part of its annual REIT Symposium, with real estate execs and many grad students hoping to reach Zell’s level of success in attendance. GlobeSt.com, a trade outlet, covered

Vancouver real estate: Prices drop, elusive affordability

19/04/202321/04/2025dansa

The price of the average home in Vancouver has fallen by more than $100,000 over the last year, but thanks to soaring interest rates, the amount of money needed to afford such a home has risen, according to Ratehub.ca.

In a new study, the online mortgage brokerage and interest rate comparison website calculated the minimum annual income required to buy an average home in cities across Canada in March, and compared that data to the same calculation for March 2022.

“While home prices are down significantly in the majority of the cities we looked at, the income required to purchase a home still remains inflated due to higher mortgage and stress test rates,” said James Laird, the company’s co-CEO, in a news release Monday.

This dynamic is most extreme in Vancouver, where real estate prices have long been disconnected from local wages.

According to Ratehub.ca, the average home price in Vancouver declined from $1,263,500 in March 2022 to $1,143,900 last month.

That’s a decrease of nearly $120,000, but the study finds that this decrease is more than offset by the increased cost of borrowing caused by the Bank of Canada’s dramatic hike of interest rates throughout 2022.

In March 2022,

What Does the Spring 2023 Budget Mean for Property Investment?

07/04/2023dansa

Chancellor Hunt also revealed the government would deliver 12 “investment zones” across the UK – with the intention of creating new “potential Canary Wharfs.”

Regions like the West Midlands, Greater Manchester, and Liverpool were highlighted as potential candidates. The Chancellor stated that successful applicants must be able to identify a specific location where a partnership between local government and local universities/research institutes could provide valuable innovation.

Successful candidates will receive £80m in funding each over the next 5 years, further encouraging investment in these critical areas and strengthening their local economies. If all goes well, this could encourage many investors and homeowners to go beyond London property investment for their next purchase.

Additionally, the Chancellor promised to put further investment towards UK regeneration schemes.

From this year, the government will provide over £200m in funding to 16 high-quality local regeneration projects across the UK.

The report added the “left-behind places” cited in the government’s Leveling Up campaign and projects with costs under £10m would be specifically targeted to ensure a fast turnaround.

Again, this is excellent news for the property market.

Regeneration is a magnet for future growth and demand: resulting in amenities that improve the local area, which attracts

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

06/04/2023dansa

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

1-bedroom downtown Toronto condo listed for $400,000

04/04/2023dansa

#GTAHomeHunt is a weekly series from the Star that gets into the details of real estate listings in Toronto and the Greater Toronto Area. Have a tip? Email us at [email protected]

Prices: $399,000

Neighborhoods: Kensington — Chinatown

X-factor: This one-bedroom condo apartment at 60 St. Patrick St. is on a quiet street downtown, steps away from the Art Gallery of Ontario and Grange Park.

Accessing the heart of Chinatown to the west or Eaton Center to the east will take less than 15 minutes on foot or by streetcar, and the St. Patrick subway station is just a five-minute walk away. Nearby, there are countless restaurants, cafes, shops and grocery options.

The building itself offers an outdoor pool, sauna and exercise room, according to the listing, and the condo fees are $600 per month.

According to realtor Othneil Litchmore, that’s not a bad price. What makes it even better is that, according to the listing, the fees also cover all utilities and cables.

“That’s a really good thing,” Litchmore said, adding that this kind of offer is typically only seen in older buildings.

Condo fees for a unit in a new building might cover only water, he explained.

Overall, the

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

25/03/2023dansa

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

Canadian Real Estate Affordability Got Worse With Higher Rates, What Gives?

20/03/2023dansa

Canadian real estate prices are falling with higher mortgage rates, but has it made it easier to buy? Bank of Canada (BoC) data for December’s new uninsured mortgage loans shows the highest rates in well over a decade. Interest costs are rising faster than prices are falling, meaning worse affordability. The hiccup is due to the speed at which rates increase, and affordability is expected to improve in the coming months.

Canadian Mortgage Rates Have Surged To The Highest Level In Over A Decade

Mortgage rates are on the climb, which isn’t news to anyone in Canada. It’s the speed they climb that’s remarkable. The average interest on a new mortgage jumped 0.24 points to 5.53% in December. It was 3.53 points higher than a year before, more than doubling the record low recently experienced. Canada hasn’t seen a mortgage rate this high since the Great Recession.

Canadian Mortgage Rates Have Been Surging Higher

The average rate paid on new residential mortgages in Canada.

Source: Statistics Canada; Better Dwelling.

Prices have yet to reflect the full increase in mortgage rates, despite coming down from the peak. Home prices peaked in March 2022, the same month the BoC began raising rates.

Business roundup: Salisbury real estate agents earn quality service award – Salisbury Post

19/03/2023dansa

Business roundup: Salisbury real estate agents earn quality service award

Published 12:00 am Sunday, March 19, 2023

Century 21 Real Estate LLC recently recognized Ashlee Flippin and Samantha Allen with the Quality Service Pinnacle Producer Award. These agents will receive a trophy and be recognized at the Century 21 Global Conference.

The award is based on results from a quality service survey that is e-mailed to consumers after the purchase or sale of a home. To earn the award, an agent must receive completed customer surveys for at least 80 percent of their transactions surveyed from Jan. 1-Dec. 31, with an average survey score of at least 95 percent or better for two consecutive years.

Flippin and Allen are with Century 21 Towne & Country in Salisbury.

“The Quality Service Pinnacle Producer Award is an integral part of our brand’s commitment to excellence and recognizes their dedication to making each and every client interaction memorable and worth celebrating,” said Michael Miedler, president and CEO, Century 21 Real Estate LLC, in a news releases. “The power of the Century 21 brand rests on the shoulders of the persistent sales professionals who always strive to deliver 121% for each and every client