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Canada Allocates $5 Million for Shared Equity Mortgages in Ontario

by Phil Hall | May 28, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Canadian government is allocating a $5 million repayable loan through the Shared Equity Mortgage Providers Fund to Ourboro Inc., which will fund shared equity mortgages for first-time homebuyers in the Greater Toronto Area and select communities across Ontario....

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...
Pedro Barata to Become Chief Executive at Habitat for Humanity Canada

Pedro Barata to Become Chief Executive at Habitat for Humanity Canada

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

Habitat for Humanity Canada announced the appointment of Pedro Barata as president and CEO effective June 24. Barata is currently executive director of the Future Skills Centre, where he led the launch of more than 200 innovation pilots in every region and sector in...
VIDA Recruits The Trailer Park Boys to Promote Community Design Contest

VIDA Recruits The Trailer Park Boys to Promote Community Design Contest

by Phil Hall | Apr 3, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Canadian multifamily real estate company VIDA has launched an international landscape and design contest for a new 6.6-acre affordable home community, nestled in Kentville, Nova Scotia – and to kick off the contact, the company has recruited the stars of The...
Hits and Misses for the Real Estate Week of Feb. 25-March 1

Hits and Misses for the Real Estate Week of Feb. 25-March 1

by Phil Hall | Mar 1, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A major retailer shutting down stores, a federal regulator being pressed for transparency and living in a Mercedes-Benz (but not a car). From the wild and wooly world of real estate, here are the Hits and Misses for the week of Feb. 25 to March 1. Miss: No Miracle on...
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