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Real estate: Comparing house and condo costs in Canada

21/07/202321/04/2025dansa

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

Schroder Real Estate Investment Trust (LON:SREI) Shares Pass Below 200-Day Moving Average of $44.86

12/07/202321/04/2025dansa

Schroder Real Estate Investment Trust Limited (LON:SREI – Get Free Report) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 44.86 ($0.58) and trades as low as GBX 39.65 ($0.51). Schroder Real Estate Investment Trust shares last traded at GBX 40.65 ($0.52), with a volume of 198,852 shares.

Schroder Real Estate Investment Trust Stock Up 2.2 %

The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 48.31. The stock has a market capitalization of £203.23 million, a PE ratio of 338.75 and a beta of 0.59. The stock’s fifty day simple moving average is GBX 43.62 and its 200-day simple moving average is GBX 44.86.

Schroder Real Estate Investment Trust Increases Dividends

The business also recently declared a dividend, which was paid on Friday, June 30th. Investors of record on Thursday, June 15th were issued a GBX 0.84 ($0.01) dividend. This is an increase from Schroder Real Estate Investment Trust’s previous dividend of $0.82. This represents a dividend yield of 1.88%. The ex-dividend date was Thursday, June 15th. Schroder Real Estate Investment Trust’s payout ratio

Rising Mortgage Approvals a Sign of Positive Market Growth

21/05/202321/04/2025dansa

According to the most recent data released by the Bank of England, the number of mortgage approvals rose for the first time in six months between January and February of this year.

This period saw a rise from 39,647 to 43,563, following a sustained decline in the latter half of 2022. Although this signifies a gradual return to previous norms, February approvals remained a third lower than 12 months previous, so there is still quite a way to go to reach last year’s monthly average of 62,700.

Mortgage approval rates increased by a further 18% in March of this year to 52,000, which is good news for those seeking a loan who were previously struggling to get one.

This recent upward trend also appears to be aligning with UK house price forecastswhich predicts a return to growth by the beginning of next year in most areas.

As mortgages again become more accessible and the housing market begins to regain its strength, property investors should start to benefit from capital growth in a healthier and more stable market over the next few years.

…

Edgefront Real Estate Investment Trust (TSE:NXR) Expected to Earn Q4 2023 Earnings of $0.20 Per Share

18/05/202321/04/2025dansa

Edgefront Real Estate Investment Trust (TSE:NXR – Get Rating) – Research analysts at Desjardins lowered their Q4 2023 earnings estimates for shares of Edgefront Real Estate Investment Trust in a research report issued to clients and investors on Monday, May 15th. Desjardins analyst K. Stanley now expects that the company will earn $0.20 per share for the quarter, down from their previous forecast of $0.21.

Edgefront Real Estate Investment Trust (TSE:NXR – Get Rating) last announced its quarterly earnings results on Tuesday, March 14th. The company reported C$0.21) EPS for the quarter, missing the consensus estimate of C$0.21 by C($0.42). The firm had revenue of C$36.86 million per quarter.

Edgefront Real Estate Investment Trust Stock Performance

Edgefront Real Estate Investment Trust Announces Dividends

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The firm also recently declared a monthly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be paid a dividend of $0.053 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.64 annualized dividend and a dividend yield of ∞.

Edgefront Real Estate Investment Trust Company Profile

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Nuveen Select Tax-Free Income Portfolio 3 Fund’s primary objective

You’d need a raise of almost $20K to afford the same Calgary home you didn’t buy last year

04/05/202321/04/2025dansa

Sometimes, waiting can be a pricey move.

A buyer in Calgary today will need to earn $18,820 more in annual income to purchase the same house, compared to this time last year, according to a fresh report from Ratehub.ca, an organization that analyzes real estate and financial data.

As well, Calgary is the only city in the study to see an increase in the average price of a home from March 2022 to March 2023. It’s gone from $523,100 to $528,700.

A longtime real estate agent says Calgary is an anomaly.

“What we are seeing this year, in January, we were all anticipating there would be more inventory coming on the marketplace,” Len T. Wong of Greater Property Group told CBC News in an interview.

“And then in February, we started to realize that sales volumes were down 47 per cent and inventory levels were down as low as 2006, an all-time low.”

Len T. Wong is a Calgary realtor with Greater Property Group. — Len T. Wong is a real estate agent at Greater Property Group in Calgary. (Anis Heydari/CBC)

Inventories of single-family homes in the city are low, and that’s a double-edged sword.

“I think part of it is interest rates,” Wong said.

“There’s a little bit of a concern

Analysis-Banking crisis scars struggling US real estate stocks

29/04/202321/04/2025dansa

By Lewis Krauskopf

NEW YORK (Reuters) – US real estate stocks are struggling this year after a rough 2022, as fears that banks will tighten lending standards pile pressure on a sector already hit by higher interest rates.

After slumping 28% last year, the S&P 500 real estate sector has gained about 1% in 2023, lagging an 8% rise for the overall S&P 500. Real estate is the only one of the 11 S&P 500 sectors to underperform the benchmark index in both 2022 and so far in 2023.

Driving this year’s struggles are fears that tumult in the banking sector following the collapse of Silicon Valley Bank in March will make it more difficult for real estate companies to access debt, as banks become more stringent on lending. The real estate sector has slumped 2% since SVB’s troubles came to light on March 8, compared to a 4% rise for the S&P 500.

“There is nothing about the current banking situation … that made life easier for real estate companies,” said Peter Tuz, president of Chase Investment Counsel. Because banks have lost deposits, “they will be just more careful who they lend money to,” he said.

With the S&P

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,

True North Commercial Real Estate Investment Trust (OTCMKTS:TUERF) Shares Up 2.7%

12/04/2023dansa

True North Commercial Real Estate Investment Trust (OTCMKTS:TUERF – Get Rating) shares shot up 2.7% during mid-day trading on Tuesday . The company traded as high as $2.49 and last traded at $2.49. 300 shares changed hands during trading, a decline of 96% from the average session volume of 8,215 shares. The stock previously closed at $2.42.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TUERF. National Bank Financial lowered their price objective on True North Commercial Real Estate Investment Trust to C$4.50 in a research report on Thursday, March 16th. Raymond James dropped their target price on True North Commercial Real Estate Investment Trust from C$5.50 to C$4.00 in a report on Thursday, March 16th.

True North Commercial Real Estate Investment Trust Trading Up 2.7 %

The stock has a fifty day moving average of $3.72 and a 200 day moving average of $4.16.

True North Commercial Real Estate Investment Trust Company Profile

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True North Commercial REIT is an open-ended real estate investment trust, which engages in the acquisition of commercial office properties. It seeks to identify potential acquisitions using investment criteria that focus on the security

Student Accommodation Shortages Mean High Demand for PBSA

20/01/2023dansa

Between 2018 to 2021, university-building student halls decreased by 5%, and such figures expand significantly when extended to the private sector.

The supply of purpose-built student accommodation has too taken a significant dent – with figures showing the number of beds provided more than halving since 2019.

On top of this, the number of beds submitted for planning has also dropped dramatically. It has been suggested this is due to varying factors such as landlords leaving the market and moving back to renting professionals.

Recent regulation surrounding HMO’s (House in Multiple Occupation) has also made it more difficult to convert a residential home into a student let which has further contributed to a slump in supply.

However, students’ own preferences have shifted to purpose-built student accommodation in recent years – contrasting the traditional HMO house share. This has placed further strain on the need for investment for purpose-built student accommodation.

Some investors may also wish to capitalize on what has been labeled ‘turnaround’ projects – this is where existing first-generation purpose-built student accommodation assets are refurbished and revamped to draw even greater returns.

…

2023 Edmonton real estate forecast released

19/01/2023dansa

The value of an average detached house in Alberta’s capital is expected to drop by roughly three per cent in 2023, as rising interest rates and the cost of living drive buyers to seek more affordable options.

That’s the big-picture forecast from the Realtors Association of Edmonton, which revealed new numbers Wednesday to a packed ballroom of real estate agents at the Edmonton Convention Centre.

After the average price of a detached home in the city hit an all-time high of $510,000 in April 2022, the market started to slow as mortgage rates, grocery prices and utility rates rose.

“We saw a lot of crazy things happen during the pandemic that I think were completely unexpected,” explained association chair Melanie Boles.

“All of a sudden we had people working from home, homeschooling kids, there was no travel, there was no sports. So, I mean, they were all of a sudden saving money, staying home and they needed more space.”

That drove the prices up for houses with lots of space, Boles said.

It also led to the increase of realtors in the city. Boles said there are now 4,400 association members, another record high. She said a fall in sales