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Equiton Acquires Toronto Land for Condo Development

Equiton Acquires Toronto Land for Condo Development

by Phil Hall | Sep 8, 2023 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

The Canadian private equity firm and real estate developer Equiton has acquired the land at 875 The Queensway in Toronto for the development of a condominium project. The proposed Vicinity Condos will be a mid-rise condominium with approximately 150 units ranging from...
Bank of Canada Holds Rates, But Warned it May Enact Future Hikes

Bank of Canada Holds Rates, But Warned it May Enact Future Hikes

by Phil Hall | Sep 6, 2023 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%, but it warned that rate hikes could resume if the Canadian economy shows advanced signs of fraying. “The Canadian economy has entered a...
Proptech Fortress Technology Solutions Expands into Canada

Proptech Fortress Technology Solutions Expands into Canada

by Phil Hall | Sep 1, 2023 | Current News & Events, International Real Estate News, Real Estate Agent Tools, WRE News Exclusive

Fortress Technology Solutions Inc., a Nashville-headquartered provider of property management software, has announced the general availability of its product in the Canadian market. In announcing this expansion, the company stated that its presence in Canada would...
Canada’s Eppich II House Listed for $12.8 Million

Canada’s Eppich II House Listed for $12.8 Million

by Phil Hall | Aug 30, 2023 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

One of the most architecturally distinctive residences in Canada has been listed for sale at $12.8 million. Eppich House II by the prominent Canadian architect Arthur Erickson was designed in 1979 and completed in 1988. The 1.18-acre West Vancouver property is notable...
Scotiabank Now Offering First Home Savings Account for New Buyers

Scotiabank Now Offering First Home Savings Account for New Buyers

by Phil Hall | Aug 16, 2023 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

Toronto-headquartered Scotiabank has launched a tax-free First Home Savings Account (FHSA) designed to help Canadians purchase their first home. According to Scotiabank, the FHSA enables lets first-time homebuyers contribute up to $8,000 each year, with a maximum...
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