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Former Airbnb units in Toronto moving to long term rental market
TORONTO — A new report says there's a rare window of opportunity to snag a rental condo in downtown Toronto as units that were listed on Airbnb prior to the COVID-19 outbreak are moving to the long-term rental market.``If you are a…
Multi-use Calgary building reaches major construction milestone
A multi-use building in the heart of Calgary’s East Village reached a milestone as work crews approach the ‘topping off’ of the 9th Avenue SE Parkade and Platform Innovation Centre.The completion of this seventh and final storey will…
Tory says masking bylaw could be brought in if apartment buildings don’t comply
Toronto Mayor John Tory said he's prepared to extend the city's mandatory masking order to shared spaces inside apartment and condominium buildings if management companies refuse to do it voluntarily.Current mandatory masking bylaws in…
Niagara region housing prices climb as buyers leave Toronto in search of space
Prices of newly built homes climbed higher in June as Toronto-area home-buyers fled the city in favour of wine country.Retirees, as well as remote workers, have boosted demand for new houses, driving prices up one per cent, the Niagara…
Mortgage defaults after COVID 19 could look different than 2008, says economist
TORONTO – A Bank of Canada economist says the current economic recovery could be different than the recovery from the financial crisis of 2008.Bank of Canada Director of Financial Stability Mikael Khan said that while the employment…
Walmart Canada investing $3.5 billion over five years in ‘smarter stores’
MISSISSAUGA, Ont. – Walmart Canada plans to invest $3.5 billion over the next five years with a focus on technology to make so-called ''smarter stores.''''The investment will impact every aspect of the business,'' the company said in a…
CaGBC launches a new green recovery initiative
Canada Green Building Council launched a new initiative designed to rally support for a green recovery that includes green building. Industry leaders Real Property Association of Canada (REALPAC), Canadian Urban Institute, Royal…
RioCan and partners buy lunches for 1200 construction workers
RioCan teamed up with its development and construction partners to deliver over
1,200 lunches at nine development sites through an initiative called “The Lunchbox Challenge”.The challenge, which began in BC and has since spread…
Open houses resume, but the home buying pastime has drastically changed
TORONTO — Leave the doors open and all the lights on. That's one of the many new guidelines for people opening their homes — perhaps for the first time in months — so real estate agents can host open houses.Some provinces are now…
Office subleases are flooding the market in downtown Toronto: Jones Lang LaSalle
TORONTO — One commercial real estate company says it has seen a "spike" in vacant offices in downtown Toronto as businesses have struggled to sublet their expensive spaces.Jones Lang LaSalle IP Inc. says in a report that only one…