-
Squamish Nation's Senakw rental housing complex
Sen̓áḵw is the largest First Nations residential development partnership in Canada’s history. The project will create over 6,000 homes at our village site in the heart of the area known today as Vancouver — bringing desperately needed rental housing to the city.
One central misconception we often hear is that we were “given” the land at Kitsilano Reserve No. 6. People say the land “did not cost us anything,” implying that we are somehow now developing “free” land.
This belief is deeply ironic, given that Vancouver is built on land taken from First Nations through coercion and land theft, with early settlers paying lower prices than they would have paid their white counterparts or, in many cases, paying nothing at all.
29-11-2024 -
Few places anywhere are seeing the kinds of investment in luxury being poured into the Los Cabos region.
By the 1990s, however, the town’s evolution into a global party destination was in full swing, and it may have continued in that direction if it had been left unchecked.
“We’ve had different hiatuses over the years,” Diana Gutierrez of the Los Cabos Tourism Board tells me. “The pandemic, of course, was difficult, but even before that, in 2008 we had the recession, and in 2014 we had Hurricane Odile. Then again, the insurance money from that allowed a lot of hotels to remodel and upgrade, and that led to the luxury developments we’re seeing now.”
Indeed, few places on Earth are seeing the kinds of investment in luxury being poured into the Los Cabos region, which encompasses Cabo San Lucas and the more sedate San José del Cabo, two towns linked by a 33-kilometre tourist corridor.
28-11-2024 -
Boomer Inheritances & Millennial Buyers: The Coming Real Estate Revolution
This past September, journalist Katrina Onstad wrote a Maclean’s article, The Jackpot Generation, which explored a significant financial shift Canadians will soon face. Over the next few years, Canadian baby boomers are expected to pass down a whopping $1 trillion to their heirs—primarily their millennial children. “According to an Ipsos survey, boomers planning to leave their entire estate to their children will pass on an average inheritance of $940,000,” theMacleans article states.
This unprecedented wealth transfer will likely reshape the real estate landscape. Millennials will likely use these windfalls to break into a previously unattainable market. Even a fraction of that inheritance can open doors to homeownership or lucrative investment opportunities, particularly when paired with savvy financial planning.
Think of a $200,000 down payment—less than a third of the average $940,000 inheritance. Zoocasa’s calculations, using a 25-year mortgage term and a 3.99% interest rate, showcase how effectively this amount can be leveraged in housing markets across Canada.
19-11-2024
