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Construction Begins on New Rental Housing Property in Montreal East

Construction Begins on New Rental Housing Property in Montreal East

by Phil Hall | Mar 1, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Groupe Evoludev and the Fonds immobilier de solidarité FTQ have begun construction on O-Rive, a rental housing project in Montreal East. The new six-floor property is scheduled for delivery in the summer of 2025 and will feature 117 rental units plus ground floor...
The World’s Fastest-Growing Luxury Property Market Is…

The World’s Fastest-Growing Luxury Property Market Is…

by Phil Hall | Feb 29, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Philippines capital of Manila bypassed Dubai to earn the title of the world’s fastest-appreciating luxury real estate market in latest edition of Knight Frank’s Wealth Report. Manila recorded annual price gains of 26.3% across its high-end market during 2023, the...
Equiton Teams with Concordia University on Real Estate Investment Research Partnership

Equiton Teams with Concordia University on Real Estate Investment Research Partnership

by Phil Hall | Feb 29, 2024 | International Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Equiton, a Burlington, Ontario-based private real estate firm, has begun a new partnership with the John Molson School of Business at Concordia University to support research into Canada’s real estate investment landscape. Dr. Erkan Yönder, associate professor...
Mortgage Rates Up for Fourth Straight Week

Mortgage Rates Up for Fourth Straight Week

by Phil Hall | Feb 29, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates climbed for the fourth consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.94% as of Feb. 29, up from last week when it averaged 6.90%. A year ago at this...
Pending Home Sales, Buyer Affordability Down in January

Pending Home Sales, Buyer Affordability Down in January

by Phil Hall | Feb 29, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

January was a chilly month for pending home sales, according to new data from the National Association of Realtors (NAR). NAR’s Pending Home Sales Index dropped by 4.9% from December to January, closing the month with a 74.3 reading; an index level of 100 is equal to...
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