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CMHC Rental Market Report – Quebec

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Vacancy Rate Decreases at the Provincial Level. According to the results of the Rental Market Survey conducted by Canada Mortgage and Housing Corporation (CMHC) in October, 3.4% of Quebec’s rental stock (estimated at 838,502 units) was vacant in October 2017. This amounts to a one-percentage-point decrease from last year’s rate. Despite rising rental construction in many areas of the province, the strength of the labour market and of immigration stimulated demand to a level that more than compensated the increase in supply. Regional Perspective: Tightening in several of the province’s markets. Of the province’s 44 urban centres (10,000 inhabitants and over), about half recorded a decrease in their vacancy rates. The other half did not exhibit a statistically significant change. As for the Census Metropolitan Areas (CMA) (100,000 inhabitants and over), nearly all recorded a drop in the rate. The Saguenay area alone in not showing a statistically sign
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Why Billionaire Jeff Vinik Has Gone All-In On Tampa

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Almost a decade ago, Jeff Vinik went shopping for a hockey team. “There were a dozen that were for sale – or could have been for sale,” he told Bisnow in a phone interview. “I'm an analyst by training. My past is in the stock market. So I weigh the positives and negatives of all things. And Tampa — the demographic trends long term gave it a terrific tailwind.” About 58,000 people moved to Tampa in 2016, according to census data, making it the fifth-fastest-growing region in the U.S. by migration. Vinik made his name on Wall Street in the 1990s producing 17% returns as head of the Fidelity Magellan mutual fund, then started his own hedge fund in Boston making 53% returns. "[ Tampa ] had a history of success with sports teams, good, welcoming people and an incredible quality of life," Vinik said. "I had a sense that it had been overlooked and not appreciated. I thought it was undervalued and had great opportunities, one of which is real estate.” So
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HARD MONEY LENDER FLORIDA ORLANDO

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What is hard cash advance?   A hard cash credit is an advance given to a borrower from a loan specialist construct predominantly in light of the value of the advantage that is collateralized that is basic. Customary banks and moneylenders concentrate for the most part on the credit and wage of the borrower where resource based moneylenders otherwise known as hard cash loan specialists concentrate principally on the estimation of the resource being utilized as security for the credit. Where customary credits are ordinarily for 15– 20-year spans, hard cash credits are utilized as a transient option (1– 3 years ordinarily) as a scaffold to get a recovery, or settle a business, retail, office, modern, multi-family, or single family private home.    What are the financing costs associated with hard cash credits?  Hard cash credit rates commonly go from 10% as far as possible up to 15%. The rate by the moneylender is needy after taking a gander at a blend of elements for
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From a recent article in Tampa Bay Times

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A $13.2 million sale brings 345 more luxury apartments to Tampa's Westshore Marina District TAMPA — Westshore Marina District is destined to transform Tampa's western waterfront but the work will be done almost exclusively by South Florida developers. Bainbridge Companies of Palm Beach County closed Friday on a 12-acre, $13.2 million parcel on which it plans 345 luxury apartments. That follows the sale of smaller parcels earlier this year to Miami's Related Group and WCI Communities, a subsidiary of Miami-based Lennar. The seller in all three was Fort Lauderdale's BTI Partners, the master developer of the 52 acres at Gandy and Westshore boulevards. The deal with Bainbridge is likely the final sale to a third party as BTI launches its own project, a 16-story condo tower overlooking Tampa Bay. Why so much South Florida interest in a part of Tampa that has long been industrial? "Sometimes when you look at something from the outside, you are able to s
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In an article by Nicole Martinez in UrbanLand

Florida garners plenty of international attention for its southernmost cities, but institutional investors and real estate developers are increasingly looking farther north for new investment opportunities. Tampa and its surrounding cities—communities like Sarasota, Bradenton, and Clearwater—are quietly attracting millennials and young families. With lower land prices and a relatively underdeveloped real estate market, the Tampa Bay area is betting on a boom as many young professionals get priced out of markets like Miami, Fort Lauderdale, and West Palm Beach. Three of the Tampa Bay area’s largest landowners and property developers gathered at the recent ULI Florida Summit to discuss Tampa Bay’s changing landscape and the unique approach required for developing large master-planned communities in Florida. J.D. Porter, the chief executive officer (CEO) of family-owned Wiregrass Ranch, notes that real estate development in Tampa is evolving at an unprecedentedly fast rate. “If you ha
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Hard Money Lender Tampa

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Hard Money lender Tampa : The real estate market in Tampa has expanded substantially in the last few years. Especially in the multi-plex field.  Apartment complexes are selling quickly and people are missing out on the opportunities and why? Getting quick hard money quickly can be a problem.  The situations where you need it can be many. For example maybe you need to close fast on a new purchase. Conventional lenders can take as long as six months before they are ready to disburse. Maybe you need to upgrade the property, replace tenants or improve revenue streams before going to a bank. Most conventional lenders will not take any of these situations into account and yet they will want you to lock in to a long term mortgage at an amount that is only a fraction of the possible value of the property, and then charge heavy penalties if you repay early. Hard Money lender Tampa  : This is where a private lender can be of assistance. A private hard money lender is generally q
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Location: Québec City, QC, Canada
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