Real Estate

SmartCentres Real Estate Investment Trust Releases Fourth Quarter and Full Year Results for 2023

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TORONTO, Feb. 14, 2024 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres”, the “Trust” or the “REIT”) (TSX: SRU.UN) is pleased to report its financial and operating results for the quarter and year ended December 31, 2023.

“In reflecting on the achievements of 2023, I am pleased with our strong financial and operational results,” said Mitchell Goldhar, CEO of SmartCentres. “Our net operating income has shown steady and consistent growth through the year, which also saw the achievement of numerous significant milestones, including successfully closing 1,026 condo units at Transit City 4 & 5, completing and

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Real Estate

Report predicts single-family home prices in Whistler will rise 5% over next year

Royal LePage research says combination of cost of living, economic uneasiness and ‘unprecedented’ wildfires has led to cooling of recreational property market nationwide

A combination of factors, from rising interests rates and cost of living, to this summer’s “unprecedented” wildfire season, has led to a cooling of Canada’s recreational real estate market—and Whistler is no exception, according to a new report.

Released Nov. 29, Royal LePage’s winter recreational property report showed how the country’s most popular ski regions have posted modest year-over-year declines in 2023 as buyer demand continued to soften. Nationally, single-family home prices in Canada’s winter recreational market decreased 0.7 per cent over the first 10 months of the year, to $1,068,200.

“Although recreational real estate markets vary greatly from one region to the next, activity on the whole in Canada’s winter recreational communities has noticeably slowed. Annual sales are down in most regions and inventory has climbed

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Real Estate

Here Are 7 Ways People Destroy the Value of Their Homes in Less Than a Year

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Josh Dotoli founded Dotoli Group in 2013, and the Fort Lauderdale, Florida-based real estate firm now consistently ranks among the top 1% for sales production nationwide. With over 100 transactions per year and $200 million in closed sales in 2022 alone, it is the No. 1 brokerage in Broward, Palm Beach and Miami-Dade.

While Dotoli urges his clients to add as much value as possible to the properties he sells in the crucial year before listing, he’s seen plenty of them do things that have precisely the opposite effect.

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“While most homeowners aim to increase the value of their homes, there are several actions that can have a detrimental effect, causing your home’s value to decline in less than one year,” said Dotoli. “Here are some ways to

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Forec

Sales for Pier 8 condo tower will open by end of year: developer

Development of a splashy 1,500-home harbourfront neighbourhood on Pier 8 is making headway.

Waterfront Shores recently signed a lease with the city to use a portion of the Discovery Centre as a showroom and sales centre for its long-awaited, 45-storey condo project, according to a report bound for the west harbour subcommittee Friday.

The lease marks an important step forward in the consortium’s plans to redevelop the city-owned former industrial pier into 1,500 condo apartments and townhouses, said Joe Valela, president of consortium partner Tercot Communities.

Valela said building permits to modify the leased space into a showroom featuring vignettes of condo designs will be filed in the next few months. Its completion and opening will see sales begin later this year, he added, with construction planned for 2024.

“We now have all the pieces that we need and we’re very pleased with where we are,” Valela said over a

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