Higher mortgage hurdles beat up on working class

Higher mortgage hurdles beat up on working class
Trudeau government is papering over its policy failures by rationing housing There’s no mystery as to why Canada has seen a record-setting housing spike in the past year: negative real interest rates and monetary debasement from federal deficits. Rather than considering fiscal austerity and getting inflation under control, the federal government has opted to ration home buying and exclude those... Read More

Canadian investment firm acquires another multi-tenant industrial asset in Las Vegas 

Canadian investment firm acquires another multi-tenant industrial asset in Las Vegas 
  LAS VEGAS – Nicola Wealth Real Estate (NWRE) has acquired the Ampac Industrial Park I & II. This acquisition, brokered by Rebecca Perlmutter Finkel and her team at CBRE, expands NWRE’s growing industrial portfolio in Las Vegas and the Southwest United States. The acquisition comprised of seven small to medium-bay modern industrial buildings totaling 175,818 sf on 17 acres... Read More

Record mortgage volumes push total consumer debt to $2.15 Trillion

Record mortgage volumes push total consumer debt to $2.15 Trillion
  TORONTO – New mortgage volumes climbed to over 410k during Q2, the highest ever volume recorded in a single quarter. This is a 60.2 per cent increase compared to the same period in 2020, according to Equifax Canada’s most recent consumer credit trends and insights report. Soaring home prices have also increased the average loan amount for new mortgages... Read More