Over 1 million new immigrants and non-permanent residents (most of whom are international students) came to Canada last year. This contributed to the demand for rental housing, particularly near universities and colleges, while the growth in rental supply has been insufficient to meet the demand. Rental increases are making it harder for students to find
Building loyal and trusted relationships with business partners, providers, and clients is critical to the success of any organization. Those relationships facilitate being able to break down complex issues to identify accurate and timely solutions. Having someone who has technical expertise in a particular area is critical for that process, but soft skills and qualities
The Canadian ban on foreign homebuyers has been amended to address some of the pitfalls of the legislation. Previously, the wording of the ban kept businesses with 3% foreign ownership or more from purchasing and developing land for residential and mixed use purposes. This held back home developers that were partly owned by non-Canadians. The
Yardi Spreadsheet Reporting (YSR) is a powerful tool that generates high quality reports. Users are able to benefit from an array of formatting and graphing features through programs like Word and Excel. This allows for the creation of excellent reports that can be vital for business success. As with all tools, there are best practices
The weakening of the commercial real estate sector is causing speculation that banks could be headed for trouble. An increasing number of large properties are going into default, and more are being added to watchlists for loans that may be in jeopardy. Quickly rising interest rates are causing concern that investors who are up for
AI is becoming increasingly prevalent across industries, including commercial real estate. Currently, AI tools like ChatGPT help check grammar and tone in marketing materials, property descriptions, letters of intent and right of first refusal contracts. Although it is a helpful tool, there can be issues regarding AI picking up incorrect information, and plagiarization. Despite these
The powerful analytical tools and reports included with Yardi products are what attracts prospective and existing Yardi users. Yardi’s impressive functionality, however, is often under-utilized. One of the most overlooked features may be its ability to automate report delivery using Report Scheduler. Report Scheduler is able to schedule, generate and distribute reports as desired in
The federal government ban on non-Canadians buying homes was supposed to make buying a home more affordable. However, the wording of the ban is having an unintended impact. For example, residential property, including land zoned for residential use, cannot be purchased by foreign buyers. This includes land zoned as mixed use land, which is blocking
The U.S. Department of Housing and Urban Development (HUD) is providing $5.6 billion in funding that will go to 1,200 communities. These grants will support a wide range of activities including affordable housing, community development and homeless assistance. This will help low and moderate income people to be able to obtain suitable and affordable housing.
In most US markets, home prices continue to be on the rise, but about 11% of individual housing markets experienced declines in home prices in the fourth quarter of last year. These price drops are happening predominantly in the most expensive housing markets, like those in California. So even though prices in some markets are
