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Building
Year-to-date new home sales in the GTA up 25 per cent over 10-year average
The GTA new home market saw another active month in June, bringing the total number of new home sales in the first six months of the year to 25 per cent above the 10-year average, according to the Building Industry and Land Development…
Calgary and Edmonton CRE markets show positive movement in Q1: Altus Group
According to a recent Altus Group ‘Insights’ blog post, commercial real estate investments in the Calgary market saw a total of 162 transactions recorded in Q1 2021, while Edmonton's market recorded 126 transaction in the same quarter.…
GTA Sees Rental Market Recovery Takes Hold in Q2
In its recently released Q2-2021 rental market results, Urbanation Inc. reports that the GTA rental market recovery began in earnest during the second quarter, with a surge in leases, reduced vacancy, and an increase in rents as lockdown…
Calgary’s downtown office vacancy rate hits new high; on track to surpass 30 per cent
Calgary's downtown office vacancy rate is on track to top 30 per cent and potentially reach a level unseen in a major North American city since the 1930s, a commercial real estate firm said Thursday.According to a new report from Avison…
Mortgage payments maintained, bidding wars prevalent during pandemic: CMHC
The Canada Mortgage and Housing Corporation (CMHC) recently released its 2021 Mortgage Consumer Survey within which, of homeowners surveyed, 85% indicated no difficulties in maintaining their mortgage payments during the Covid-19 pandemic,…
Record-breaking apartment transactions drive overall Q1 Vancouver CRE investments
According to a recent Altus Group ‘Insights’ blog post, commercial real estate investments in the Vancouver market area saw an active first quarter in 2021. In total, $2.7 billion was transacted in Q1 2021, marking a 15% increase from Q1 of…
Calgary’s first office-to-housing conversion to begin construction
Two prominent non-profit organizations have joined forces to convert a vacant downtown office tower into homes for Calgarians in need. Inn from the Cold and HomeSpace Society are partnering on a first-of-its kind project that addresses the…
Average rents in Canada up 2nd consecutive month
The average rent in Canada increased for the second month in a row, rising to $1,721 per month after six straight months of decline.The average asking rent for all Canadian properties listed on Rentals.ca in June grew by 0.7 per cent…
Ontario ICI Investment Increases for Eighth Consecutive Month while Construction Employment Grows…
Statistics Canada released the latest Investment in Building Construction data, showing that in May, investment in ICI construction in Ontario surpassed $2 billion in a single month for the first time in nearly a year (since June 2020). ICI…
Businesses pulling back on sublet space as return to office looms: report
CALGARY – A new report suggests Toronto businesses are making plans to call employees back to the office.The report, released last week by commercial real estate firm Avison Young, says office market activity in downtown Toronto remains…