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Former Rocket Mortgage Executive Joins Canadian Digital Lender Nesto

Former Rocket Mortgage Executive Joins Canadian Digital Lender Nesto

by Phil Hall | Sep 29, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Nesto, the Montreal-headquartered digital mortgage lender serving the Canadian market, has hired Max Wegner as its chief revenue officer. In his new role, Wegner will be tasked with accelerating the company’s sales and mortgage operations across Canada – including...
Survey: Most Canadians Buyers Willing to Shoulder Financial Strain for Homeownership

Survey: Most Canadians Buyers Willing to Shoulder Financial Strain for Homeownership

by Phil Hall | Sep 26, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The majority of Canadian homebuyers are still happy to have a residence to call their own, despite the financial pressures they are shouldering. According to the 2023 Homebuyer Sentiment Survey published by the real estate marketplace Zolo, 93% of homebuyer...
New Forecast: Global Real Estate Crowdfunding Market to Reach $161 Billion by 2030

New Forecast: Global Real Estate Crowdfunding Market to Reach $161 Billion by 2030

by Phil Hall | Sep 25, 2023 | International Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The global real estate crowdfunding market reached $11.5 billion in 2022 and is being forecast to reach $161.8 billion by 2030 with a compound annual growth rate (CAGR) of 45.9%, according to a new report from Vantage Market Research. The report noted residential real...
Donna Dewar Named CEO at the Appraisal Institute of Canada

Donna Dewar Named CEO at the Appraisal Institute of Canada

by Phil Hall | Sep 25, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Appraisal Institute of Canada (AIC) announced the appointment of Donna Dewar as its new CEO. Dewar begins her new job today and will officially assume the role of CEO on Nov. 1. Dewar brings more than 20 years of experience in the nonprofit sector and...
Canada Provides $107.5 Million for New Vancouver Apartment Complex

Canada Provides $107.5 Million for New Vancouver Apartment Complex

by Phil Hall | Sep 22, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

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...
Bank of England Pauses Rate Hikes After 14 Consecutive Increases

Bank of England Pauses Rate Hikes After 14 Consecutive Increases

by Phil Hall | Sep 21, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

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...
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