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Ari Altstedter

Ari Altstedter

Reporter at Bloomberg News - Toronto Bureau

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Email address
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Influence score
19
Phone
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Location
Canada
Languages
  • English
Covering topics
  • Society
  • Real Estate
  • Finance & Banking Services

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Recent Articles

bloomberg.com

Canada’s Prime Minister Pushes Country to Become the Housing Factory of the World

Mark Carney is banking on factory-built homes to alleviate the country’s housing crisis. But will it work?
bloomberg.com

Developers Find New Opening to Bet on Canada’s Housing Shortage

The flood of money that drove one of the world’s biggest condo building booms has abruptly dried up, creating an opportunity for deep-pocketed investors to step in.
bloomberg.com

Toronto New Condo Sales Fall to 28-Year Low as Investors Retreat

Sales of new condo units in Toronto hit the lowest level since 1996 as the individual investors who have powered the market for decades pull back.
bloomberg.com

Canada’s Rental Supply Posts Biggest Jump in More Than 30 Years

Canada’s supply of rental apartments surged by the most in more than 30 years as the country battles a severe affordability crisis.
bloomberg.com

Canada Home Prices Jump Most in 16 Months as Interest Rates Fall

Canadian home prices posted their biggest gain in almost a year and a half as falling interest rates bring the market back to life.
bloomberg.com

Valley National Sells $1 Billion of Property Loans to Brookfield

Valley National Bancorp offloaded nearly $1 billion of property loans to Brookfield Asset Management Ltd.
bloomberg.com

Growing Distress in Canada Condos Turns Lenders Into Developers

Some lenders to Canada’s distressed condo developers are finding they have little choice but to buy the troubled projects they backed and finish the buildings themselves.
bloomberg.com

‘In the Red Pretty Deep’: Canadian Housing Investors Try to Sell to...

Bawelaya Isho is ready to end his foray into real estate investing.
bloomberg.com

Toronto Home Prices Fall for Second Month as New Listings Surge

Toronto home prices dropped for a second straight month as hopes for a market rebound prompted sellers to rush back in faster than buyers.
bloomberg.com

Canada’s Housing Bust Pits Real Estate Coaches Against Students

A new class of educators promised to help small-time investors use property to build their personal wealth. Now, a backlash is brewing.
bloomberg.com

Condo Rents in Toronto Decrease for First Time in Three Years

Rents for Toronto condos fell this year for the first time since 2021 as a surge in listings brought some relief to renters.