Discover and read the best of Twitter Threads about #cdnre
Most recents (3)
#vanre #tore #cdnre #usre #EU #REITS #ItsSpeculationStupid #financialization #commodification #cdnpoli #uspoli
"Institutional investors...have squeezed residential markets in many parts of the world, can be expected to pick up a purchasing pace that has turned them into the world’s biggest private landlords and transformed rental housing into a go-to global asset class."
“Institutional ownership threatens to accelerate the trends unleashed by the financialization of housing”
"...automated digital platforms have made it easier and cheaper to track, price, acquire and manage large swaths of homes in multiple communities."
"...automated digital platforms have made it easier and cheaper to track, price, acquire and manage large swaths of homes in multiple communities."
A tale of two headlines.
What’s mentioned in the second headline (people) doesn’t even come up in the first story.
So what’s driving the demand that is pushing up housing prices?
#ableg #yyc #yycre #yycbiz
What’s mentioned in the second headline (people) doesn’t even come up in the first story.
So what’s driving the demand that is pushing up housing prices?
#ableg #yyc #yycre #yycbiz
Article sources:
The #yycre market remains hot!
yyccalgarybusiness.ca/business/calga…
But probably not because people are moving here?
calgary.ctvnews.ca/canadians-don-…
So what is driving up the demand and prices?
Without knowing exactly who is buying homes, we can’t be certain…
The #yycre market remains hot!
yyccalgarybusiness.ca/business/calga…
But probably not because people are moving here?
calgary.ctvnews.ca/canadians-don-…
So what is driving up the demand and prices?
Without knowing exactly who is buying homes, we can’t be certain…
“A pair of [2020] reports say Canada is undergoing a "K-shaped recovery," with working-class Canadians going deeper into debt while those at the top prosper.”
#cdnpoli
ctvnews.ca/business/rich-…
#cdnpoli
ctvnews.ca/business/rich-…
BOUGHT TO FLIP IN SOUTH GRANVILLE, BUT COULDN'T GET OUT IN TIME. NOW THERE IS SERIOUS #FONGO: 1749 62nd Ave W, South Granville, #vanre. Property was purchased in Mar/05 for $620,000, again in May/14 for $1.99M and sold to the current owner for $3.2M in May/17. Listed Oct/17
2/ to flip it, for $3.398M. Did not sell. 2019 Assessment came in at $$2.8M, and the assessment from the year before was $3.25M. Just re-listed today, Feb 6, 2019 for $2.98M, $200,000 less than they paid. But, that does not take into account transaction costs and the fact
3/ it is still listed almost $500,000 OVER TODAY'S mkt value of $2.52M. In the end I can easily see this turn into a +$1 million dollar flipping loss.
#vanre #northvanre #westvanre #richmondre #burnabyre #bcre #tore #cdnre #torontore #victoriare
#vanre #northvanre #westvanre #richmondre #burnabyre #bcre #tore #cdnre #torontore #victoriare
