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Starlight recent acquisitions

Wednesday Nov 13th, 2019

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The $1.7 billion deal for Continuum Residential Real Estate Investment Trust could impact the entire Canadian multifamily sector, according to a report. Troy MacLean, an analyst with BMO Capital Markets, predicted higher property values after the offer last week from Starlight Investments, which wiped out the only initial public offering for a REIT this year on the Toronto Stock Exchange. "The transaction valuation highlights that despite Canadian apartments trading at an all-time... [read more]

Foreclosure v.s. Power of Sale

Tuesday Dec 27th, 2016

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In the unfortunate circumstance that a homeowner is past-due on their monthly mortgage payments, they pave the way for a “foreclosure” on their property. In today’s market, banks and other lenders do not turn to foreclosure to take away the homes of homeowners who are in arrears. Instead, they perform a "Power of Sale" which is wholly different from a Foreclosure. What is a Foreclosure? Foreclosures are laborious, grueling, and costly to both the... [read more]

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