by Navid | Mar 6, 2023 | Aultrust Development, Aultrust Intel, Community Projects, Development Financing
The housing crisis in Canada, especially in Vancouver, has created a challenging environment for real estate developers. Rising interest rates, high building costs, labor shortages, inflation, and global effects have all impacted the local market. Given these...
by Navid | Mar 4, 2023 | Aultrust Financial, Aultrust Intel, Development Financing
The North American real estate market is undergoing significant changes in response to the current economic environment. As reported by Canadian Mortgage Trends, RBC saw a 40% decline in mortgage originations in the first quarter of 2023. This can be attributed...
by Navid | Feb 16, 2023 | Aultrust Development, Aultrust Financial, Aultrust Intel, Development Financing
The impact of the interest rate hike has had reverberations throughout the housing and development industry, with many developers pausing or canceling projects and consumers waiting to see where interest rates will ultimately land. The Bank of Canada (BoC) had been...
