The Canadian government is providing $107.5 million in low-interest loans through the Rental Construction Financing Initiative (RCFi) to build a 215-unit multifamily complex in Vancouver. The project is known as W42 and the government’s funding is part of a federal...
For the first time in nearly two years, the Bank of England paused its regimen of rate hikes. The central bank’s Monetary Policy Committee (MPC) voted 5-4 to maintain the Bank Rate at 5.25% – the dissenting members sought a 0.25 percentage point increase to 5.5%. The...
Canada’s home sales were down by 4.1% month-over-month in August, according to data from the Canadian Real Estate Association (CREA). On a year-over-year basis, sales were up but up 5.3%. The number of newly listed properties edged up 0.8% month-over-month while the...
Oxford Properties Group has formally opened The Stack, a Vancouver office property that is the first high-rise commercial tower in North America built to zero carbon standards. The 37-story, 550,000-square-foot complex is also the first office tower to attain the...
Two new luxury developments combining hospitality and residential properties are now underway in the Dominican Republic. Four Seasons Hotels and Resorts has teamed with Miami-based Cisneros Real Estate to develop the 60-acre Four Seasons Resort and Residences...
Bellingham, Washington-based eXp Realty, a subsidiary of eXp World Holdings Inc. (NASDAQ: EXPI), announced the Canadian launch of eXp Luxury, which the company promotes as a “forward-thinking luxury real estate program that leverages eXp Realty’s exclusive tools and...
