Canada Is In Recession & “Overvalued” Real Estate Will Be Hard Hits: Oxford Econ

Canada's overstimulated economy is experiencing withdrawal from the end of low rates. Oxford Economics' warned investors the country is already in recession. It's expected to spend most of 2023 in recession, and will be a hit harder than its G7 peers. Highly indebted households and overpriced real estate shouldn't expect much relief either. Elevated inflation will limit stimulus and prevent cuts to interest rates in 2023. Canada Is Already In A Recession, To Be Worse Than…

The PEI real estate market shows signs of cooling

New numbers from the Canadian Real Estate Association show Prince Edward Island's housing market is starting to cool. The number of houses sold in November fell 13 per cent, compared to the same period in 2021. James Marjerrison, president of the PEI Real Estate Association, said he's not surprised by the decrease."I don't find the stats super surprising given the increased interest rate we've seen over the last few months," he said."There's a little apprehension from…

Lethbridge real estate market remains strong – Lethbridge

The real estate industry in Lethbridge saw a busy couple of years but the pace has slowed as 2023 nears. “It's a pretty good balance going on here; its making sure sellers are selling in a fair market and a buyer saying, 'I've got a chance to make good decisions in a fair market,'” said Brad Cook, chair of the Lethbridge and District Association of Relators.Cook added that, although the market has slowed down, it is…

Real estate: How big of a home can you get for $300K?

Following a series of interest rate hikes imposed by the Bank of Canada this year, the national average price of a home sits at approximately $632,000, based on the latest data from the Canadian Real Estate Association (CREA). With the housing affordability crisis a major concern among Canadians, this price may still be out of reach for many. A recent study conducted by Point2 Homes looks at how much residential space Canadians can get for about…

How Mayor Andy Street is supporting investment in Birmingham

Mayor Andy Street is a big advocate for Birmingham, and rightly so. It's part of the job description after all. Recently, he has been very active on social media discussing the continued investment in Birmingham. We've taken a deeper dive into what he's been talking about over the past few months and summarized it here for you. Who is Andy Street? Andy Street was first elected as Mayor of the West Midlands in 2017. He was…

Soaring Rental Demand Attracts Investors to UK Buy-to-Let

With the way mortgage rates are rising, off-plan investment properties are becoming more popular with investors as a way of avoiding forking out for the additional costs of a buy-to-let mortgage.Off-plan properties are usually lower-priced than fully built investment properties, and payment plans can be set up to help spread out the cost of investing.They are also normally in popular areas or accompany large regeneration schemes, so when completed they will draw tenants to the units…

What Does the U-Turn on the Mini Budget Mean for Investors?

The mini-budget caused a massive crash in the value of the GBP as it caused panic across numerous markets, and the following division of the Conservative Party only added to this uncertainty.This has caused the GBP to stabilize after the crash in value, with the value of the pound rising to the equivalent of $1.13 at the time of writing, a sharp rise from the lowest value in September of $1.07. This shows confidence is beginning…

Legal update: Review and public consultation on crowdfunding in 2022

In this snapshot legal update, we report that on 25 May 2022, in a written reply by Mr. Christopher Hui, the Secretary for Financial Services and the Treasury, to Legislative Council questions on crowdfunding, Mr. Hui confirmed that the Hong Kong Government is reviewing the regulation of crowdfunding in Hong Kong. The objective of the review is to provide clearer regulatory requirements, and to strengthen the transparency and accountability of crowdfunding activities. The review will also…

The Best Areas of Southampton to Invest in Buy-to-Let

Amenities Sotonians, as people from Southampton are called, very much think of their city as the capital of Hampshire... although Pomponians from nearby Portsmouth would probably disagree. But Southampton is the biggest regional center for shopping – Westquay Shopping Center is one of the largest in the south – leisure, culture and sport. The city also has a robust visitor economy with 194,000 inbound tourist visits in 2021/22, according to Visit Britain. (Of course, there were…

Deposit Protection: Safeguarding Rental Deposits

The Problem with Deposits in the Past In the past tenants' deposits were paid directly to the landlord who held them throughout the period of the tenancy. The landlord was required to refund the deposit at the end of the tenancy but was not required to save or protect it in any way. The landlord was also entitled to decide for themselves how much could be deducted from a deposit at the end of a tenancy…