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Corcoran Group Launches First Canadian Franchise

Corcoran Group Launches First Canadian Franchise

by Phil Hall | Oct 27, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

New York City-headquartered Corcoran Group LLC has announced its first Canadian franchise with the launch of Corcoran Horizon Realty. Owned and led by CEO Cliff Rego, the brokerage will serve clients in the greater Toronto area and throughout the entire Ontario...
Equiton Closes $21.5 Million Acquisition of Multifamily Property in London, Ontario

Equiton Closes $21.5 Million Acquisition of Multifamily Property in London, Ontario

by Phil Hall | Oct 24, 2023 | International Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The Equiton Residential Income Fund Trust, a Canadian private equity firm, has completed its $21.5 million acquisition of Scenic Tower, a multifamily property in London, Ontario. The nine-story Scenic Tower has 115 units, and 148 combined outdoor and underground...
How Will Another Rate Hike Impact Canadian Mortgage Holders?

How Will Another Rate Hike Impact Canadian Mortgage Holders?

by Phil Hall | Oct 20, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

More than one-third of Canadians with a mortgage will have to make changes to their financial situation — including housing and employment – if the Bank of Canada enacts another rate hike, according to a survey from the personal finance site WealthRocket. The survey...
Canadian Home Starts Up in September

Canadian Home Starts Up in September

by Phil Hall | Oct 18, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The trend in Canadian housing starts totaled 254,006 units in September, up 3.9% from 244,511 units in August, according to Canada Mortgage and Housing Corporation (CMHC). The trend measure is a six-month moving average of the monthly seasonally adjusted annual rate...
Yardi Offers Online Vendor Monitoring Platform in Canada

Yardi Offers Online Vendor Monitoring Platform in Canada

by Phil Hall | Oct 17, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The real estate software developer Yardi announced that its VendorShield vendor management platform for property owners and managers is now available in Canada. VendorShield’s secure system has been modified to enable Yardi clients in Canada to enter their vendor...
Report: Change Immigration Policy to Fix Canada’s Construction Labor Shortages

Report: Change Immigration Policy to Fix Canada’s Construction Labor Shortages

by Phil Hall | Oct 16, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Labor shortages in the Canadian residential construction sector can be addressed through changes in the nation’s immigration programs, according to new research from The Conference Board of Canada done in collaboration with the Canadian Real Estate Association,...
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