Agricultural Land Investments and Renting
Canadian Real Estate Wealth Magazine
by Joanna Gerber
4d ago
Over the past three decades, the price per acre of Canadian farmland has surged by over 800%, reaching an average of around $4,500. In key regions like Ontario, the prices have escalated even further, averaging nearly $18,000 per acre, with some farms in Southern Ontario fetching over $30,000 per acre. This phenomenon is driven by a combination of factors, including increased demand for agricultural products, shrinking farmland availability, and evolving investment strategies. Drivers of Farmland Price Increases Population Growth and Dietary Shifts The global population is growing, and with it ..read more
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Supply and Demand: Population Growth Snapshots and Insights
Canadian Real Estate Wealth Magazine
by Joanna Gerber
4d ago
There has been a lot of attention on Canada’s population growth recently; in a May 2024 Edge Realty Analytics report, there are some insights on potential future growth, as well as the future of supply and demand in real estate.  Metro Population Growth Stats The metro-level population data for 2023 showed a national growth rate of 3%, but with significant regional variations. Seven major metropolitan areas experienced an unprecedented population growth exceeding 4%. It should be noted that housing stock has historically never increased at a comparable rate. In particular, Calgary and Edm ..read more
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Cooling CPI Signals Potential Rate Cut by Bank of Canada
Canadian Real Estate Wealth Magazine
by Joanna Gerber
5d ago
According to an Edge Realty report for May 2024, there is a strong possibility that the Bank of Canada will implement an interest rate cut in June, with a cut in July appearing almost certain, as core inflation fell within the Bank of Canada’s 1% to 3% target range for the first time in three years last month.  The report further suggests that the Bank of Canada would have been waiting for two key developments before proceeding with a rate cut. The BOC would need to have seen a sustained decline in core CPI that suggested a continuing trend and a noticeable decrease in inflation expectati ..read more
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Complexities of Ontario’s Power of Sale and Foreclosure: Trends and Solutions for Homeowners
Canadian Real Estate Wealth Magazine
by Joanna Gerber
6d ago
If you are unable to make payments on your mortgage, for any reason, you are considered to be in arrears. The next stage, defaulting on a mortgage, can result in a power of sale or foreclosure. In Ontario, power of sale comprises the vast majority of legal actions taken.  According to Jonathan Alphonso, a mortgage agent with Mortgage Broker Store, “Changes in life circumstances can lead homeowners to this situation at any time, so it is important to know what options are available if this happens. Even a single missed or delayed payment can lead to legal actions from a lender.” Defaulting ..read more
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Investment in Building Construction
Canadian Real Estate Wealth Magazine
by Joanna Gerber
6d ago
Statistics Canada released its monthly numbers for investment in building construction, from January 2020 through to February 2024.  Residential and Non-Residential Construction The investment dollars in both residential and non-residential construction generally increased from January 2020. Starting at approximately $14.2 billion in January 2020, there were peaks around mid-2021 and mid-2022, reaching over $24 billion in some months, and $17.1 billion as of February 2024.  Chart: J. Gerber; Data: Statistics Canada: Table 34-10-0286-01  Investment in Building Construction Resid ..read more
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New Bill Proposed in Manitoba: Restricting Rent Increases
Canadian Real Estate Wealth Magazine
by Joanna Gerber
1w ago
A new proposed bill in Manitoba aims to establish more specific conditions for landlords wishing to increase rents beyond the annual, inflation-linked, provincial rent increase guideline. Landlords can currently apply to a residential tenancies director for a higher rent increase, for any reason, and present their case. The bill aims to add controls to this, to limit raising rents above inflation except in certain circumstances.  The bill would limit these applications to situations where landlords face significant increases in taxes, utilities, and security costs, or when they invest in ..read more
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Atlantic Canada Quarterly Market Overview: Q1 2024
Canadian Real Estate Wealth Magazine
by Joanna Gerber
1w ago
Atlantic Canada has been experiencing slight quarter-over-quarter declines in sales and new listings, contrasting with more positive year-over-year growth, according to an Edge Realty report on Q1 2024. While price increases and population growth seem positive, rising numbers of unemployment and mortgage arrears present a more negative trend.  Sales In the first quarter of 2024, sales in Atlantic Canada experienced a slight decrease of 2.6% compared to the previous quarter. In contrast, the year-over-year data showed a significant increase of 6.6% in April 2024 vs. April 2023.  Listi ..read more
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The Investor’s Guide to Choosing a Mortgage Investment Provider
Canadian Real Estate Wealth Magazine
by Joanna Gerber
1w ago
Mortgage investing is an increasingly popular way for investors to diversify their portfolios and capitalize on opportunities in the real estate market. It offers lucrative opportunities for regular income, with investments backed by Canadian real estate. Whole mortgage investing in particular, can offer excellent, unique opportunities for this. There are some complexities involved, but selecting the right mortgage investment provider is a critical step towards long-term success in mortgage investing. To find the right provider, understanding how mortgage investing works and what to look for i ..read more
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Quebec Quarterly Market Overview: Q1 2024
Canadian Real Estate Wealth Magazine
by Joanna Gerber
1w ago
According to a recent Edge Realty report, Quebec’s real estate market in the first quarter of 2024 is, overall, showing positive activity with rising sales and relatively stable price increases.  Sales In the first quarter of 2024, Quebec experienced a significant increase in real estate sales. Sales activity rose by 10.1% compared to the previous quarter, making it a notable surge. On a year-over-year basis, the increase was even more pronounced, with sales climbing by 22.1%.  Listings The number of new listings in Quebec’s real estate market also saw an uptick in Q1 2024. There was ..read more
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Heading down the same old path will not spur housing
Canadian Real Estate Wealth Magazine
by Richard Lyall
1w ago
When it comes to the thorny issue of development charges routinely imposed by municipalities on new housing, it looks like the City of Burlington got it right and the City of Ottawa got it wrong. Development charges imposed on new housing are intended to offset the cost of increased municipal services and infrastructure that are required to accommodate population growth. The calculations are assessed per unit for roads, sewers, transit, EMS and parks and recreation services. The consumer ultimately pays for these charges as they are passed on in the purchase price of a home. Recently, the deba ..read more
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