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New Initiative Plans to Revitalize Downtown Ottawa

New Initiative Plans to Revitalize Downtown Ottawa

by Phil Hall | May 23, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Ottawa Board of Trade and the Canadian Urban Institute have unveiled the “Downtown Ottawa Action Agenda” to revitalized Canada’s capital and its surrounding region. Under this initiative, Downtown Ottawa will aim to add 40,000 new residential units and create...
Pineapple Adds Six Ontario Brokerages to Affiliate Network

Pineapple Adds Six Ontario Brokerages to Affiliate Network

by Phil Hall | May 23, 2024 | International Real Estate News

Pineapple Financial Inc. (NYSE American: PAPL) has signed six affiliate mortgage brokerages to its network in Ontario. The six brokerages joining Pineapple’s affiliate network are: CRE Capital Canada, Toronto Top Notch Financial, Maple Tailored Finance Inc.,...

Bank of Canada Acknowledges Housing Cost Stress Created by High Interest Rates

by Phil Hall | May 9, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Bank of Canada is warning that homeowners and renters continue to struggle in adapting to the nation’s new normal of higher interest rates. According to Financial Post coverage, Bank of Canada Governor Tiff Macklen acknowledged the adjustment to higher interest...
Survey: Most Canadians Waiting for Lower Rates Before Buying a Home

Survey: Most Canadians Waiting for Lower Rates Before Buying a Home

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

Nearly three-quarters (72%) of potential Canadian homebuyers are waiting until interest rates drop before purchasing a home, according to the latest BMO Real Financial Progress Index report. This is a 4% increase from 2023. The new report also found 85% of Canadians...
Initia Real Estate Opens Third Alberta Location

Initia Real Estate Opens Third Alberta Location

by Phil Hall | Apr 26, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Initia Real Estate, a full-service brokerage serving Canada and Mexico, announced the opening of a new office in Red Deer, Alberta. The new office is Initia’s third in Alberta – its headquarters is in Edmonton and it also has a presence in Calgary. Initia’s other...
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