rise - Appartement de Ville

06/05/2024

Celebrity Realtors From Shows Like ‘Buying Beverly Hills’ Rise to New Heights

The crowd began gathering at 5 p.m., into the movie-perfect backyard of a 1920s Spanish-style Los Angeles estate once owned by Madonna. The air was so soft and eucalyptus-scented you could wrap yourself in it. Glasses clinked. The pool glinted in the slinking sun. In the Santa Monica Mountains above, the Hollywood sign gleamed like a row of perfectly capped teeth.

Into that golden light stepped Mauricio Umansky, fresh off his debut the night before on “Dancing With the Stars.” He made his way to a crystal podium and began cracking jokes for the attendees, who were there for a star-studded awards show.

Unlike the Oscars or the Golden Globes, these awards didn’t go to actors, directors or screenwriters. They went to real estate agents, crowned in categories like “Stratospheric Sale of the Year.” (The winner of that award was Kurt Rappaport, who represented Beyoncé and Jay-Z as they closed

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12/02/202412/02/2024

Real estate fraud risk is on the rise, and victims are sounding the alarm

DeBianchi Real Estate President and realtor Sam DeBianchi gives advice to millennials who are struggling to buy homes on Making Money.

Purchasing a home is an exciting milestone in a person’s life, but criminals are increasingly exploiting such transactions through real estate fraud, robbing victims who are often left with little or no recourse.

CertifID’s 2024 State of Wire Fraud report released Tuesday found that 1 in 20 Americans who bought or sold a home within the past three years have been victims of some type of real estate fraud, with the median amount in consumer losses exceeding $70,000 as a result of stolen buyer’s down payments and seller’s net proceeds.

Real estate wire fraud is surging, and victims are calling for awareness and recourse as cybercriminals become increasingly cunning. (Justin Sullivan/Getty Images / Getty Images)

The wire fraud protection company warns fraudsters have become increasingly skilled at leveraging public

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09/02/202409/02/2024

Real estate receiverships on the rise in Canada as projects stall

From one of Canada’s tallest condo towers to bare tracts of land, residential development projects across the country are increasingly being pushed into receivership.

Elevated interest rates, construction costs and delays, and a slower real estate market are all contributing to the rising frequency of projects coming under financial stress, say experts.

“A year ago it was maybe a call a month, a call every two months, and now it’s a call a week,” said Mike Czestochowski, vice-chair with real estate company CBRE’s land services group.

Receiverships are a way for secured lenders to have the court appoint someone to take control of the property and either liquidate it or otherwise maximize the value of the assets.

While often thought of as a last resort, CBRE has seen an increase in receiverships as bigger construction projects with multiple mortgages and parties involved start to run into trouble.

“These projects that

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09/01/2024

Prairie real estate set for reset in 2024 as major projects rise

Bright prospects for Alberta are setting the pace for Prairie real estate markets in 2024, as strong in-migration buoys the hopes of investors.

Record in-migration is fuelling the Alberta economy, delivering workers to new major projects, spurring housing construction and demand for goods and services.

“It’s responsible for the strong economy, and Alberta’s economy is running stronger and has higher prospects than elsewhere,” Peter Norman, vice-president, chief economist and head of economic consulting at Altus Group said in a Nov. 8 webinar.

The influx of workers, combined with a conversion program that has shaved several points off Calgary’s downtown vacancy rates, has helped move the province’s office markets beyond their dependence on the energy sector.

“We’re still seeing a number of lend-and-extends for the tenants that still want to be in space,” said co-presenter Ray Wong, vice-president and head of data solutions with Altus Group. “We’re also seeing rents continuing

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23/12/202323/12/2023

Average Calgary house price expected to rise 8% in 2024

Condominiums are expected to see the largest price jump as more people get priced out of single-family detached housing, said a Calgary real estate agent

Published Dec 14, 2023 • Last updated Dec 14, 2023 • 3 minute read

Calgary’s housing market remains tight as potential sellers hold onto their homes for longer. Photo by Gavin Young/Postmedia

Housing prices in Calgary are projected to climb the fastest among all major Canadian cities in 2024, with a hotter market projected if interest rates drop by mid-year, a new report says.

Overall, the aggregate price of a home in Calgary is forecast to jump eight per cent year-over-year by the end of 2024, according to Royal LePage’s 2024 market report.

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The projections come as the latest Calgary Real Estate Board (CREB) data show the city’s benchmark price has risen

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