Canada’s federal government, in partnership with the provincial government of Alberta, Calgary’s city government, and Liberty Housing Organization, is providing approximately $24 million in combined funding to build a 57-unit multifamily complex in Calgary. The new...
Apartment rents recorded an extremely mild 0.2% uptick in May, with the national average rising to $1,737 from April’s upwardly revised level of $1,733. According to data from Apartments.com, a CoStar Group (NASDAQ: CSGP) marketplace, May marked the sixth consecutive...
Investor purchasing of homes were down by 6% year-over-year in the first quarter, the lowest level since the start of the pandemic 2020. According to data from Redfin, the last time investors bought so few homes was in 2016. Real estate investors purchased 19% of...
Mortgage rates rose for the second straight week, according to Freddie Mac’s (OTCQB: FMCC) Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.53% as of May 28, up from last week when it averaged 6.51%, which marked a nine-month high. A year ago...
Sales of new single-family houses in April were at a seasonally adjusted annual rate of 622,000, according to estimates from the US Census Bureau and the Department of Housing and Urban Development. This marked a 6.2% decline from the March rate of 663,000 and a 11.3%...
