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Canada to Lower Immigration Levels, Citing Pressures on Housing Market

Canada to Lower Immigration Levels, Citing Pressures on Housing Market

by Phil Hall | Oct 25, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Canadian government is recalibrating its immigration policy, citing housing shortages as being among the reasons for its policy shift. The new 2025–2027 Immigration Levels Plan are designed to enact a marginal population decline of 0.2% in both 2025 and 2026...
New Affordable Housing Development Approved in Ottawa

New Affordable Housing Development Approved in Ottawa

by Phil Hall | Oct 24, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Ottawa City Council has given permission for construction to commence on Odayanhaway (Little Village), a new sustainable transit-oriented infill development. Located on an underutilized parking lot adjacent to a light transit station and the Ottawa River, the...
Realtor.ca to Become For-Profit Platform

Realtor.ca to Become For-Profit Platform

by Phil Hall | Oct 24, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The membership of the Canadian Real Estate Association’s (CREA) has voted to transition Realtor.ca into a for-profit subsidiary of the organization. Realtor.ca holds a 50% market share in Canada. According to CREA, Realtor.ca will now be able to pursue new revenue...
Input Sought on Whether Property Controls Impact Canada’s Grocery Retailers

Input Sought on Whether Property Controls Impact Canada’s Grocery Retailers

by Phil Hall | Oct 22, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Competition Bureau, Canada’s independent law enforcement agency designed to protect and promote competition for the benefit of consumers and businesses, is seeking market participants for input about the use of property controls in the Canadian grocery industry....
New Online Lottery Addresses Nigeria’s Housing Affordability Shortage

New Online Lottery Addresses Nigeria’s Housing Affordability Shortage

by Phil Hall | Oct 21, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A Nigerian company is taking a unique approach to addressing the housing affordability shortage facing its nation – it is hosting lotteries where the winners are awarded fully constructed homes. The start-up Ticket to Home created an online lottery platform where...
European Central Bank Cuts Rates for Second Consecutive Month

European Central Bank Cuts Rates for Second Consecutive Month

by Phil Hall | Oct 17, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The European Central Bank has cut interest rates for the second consecutive month and for the third time this year. This is also the first time in 13 years that the ECB enacted back-to-back rate cuts. The ECB’s Governing Council lowered its three key interest rates by...
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