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Building

Where the bungalows roam

"A house is a machine for living in," Le Corbusier once famously wrote, but it is also a significant cog in the machine of our nation's economy. Housing is big business, and as we all know, business is very good right now. Well, at least in…

Revitalizing a downtown

KITCHENER, Ontario - Toronto-based Quadrangle Architects and developer Andrin Building Group of Brantford, Ont. are redeveloping a downtown block in Kitchener. The $90-million mixed-use development, named Centre Block, is intended to…

Office construction at a record high

OTTAWA - Canada's non-residential construction industry is expected to hit a record $2 billion in profits this year according to the Conference Board of Canada's Canadian Industrial Outlook: Canada's Non-Residential Construction Industry…

Is Canadian architecture mediocre?

When the United Nations' Human Development Index pronounced Canada the world's best place to live, Canadians, goes the joke, demanded a recount. Two recent publications continue this domestic propensity to prove the Great White North is not…

Federal government unloads nine buildings

OTTAWA - Nine federal buildings have been sold to Vancouver-based Larco Investments for $1.64 billion and will be leased back for 25 years. The deal is part of a broader plan by the federal government to sell more than three dozen office…

CPP acquires UK shopping mall

TORONTO - Henderson Global Investors (HGI), based in London, England and the Canada Pension Plan Investment Board, announced a joint agreement to acquire the Whitefriars Quarter shopping centre in Canterbury, Kent, England for $253 million.…

Canuck Mortgages 101

Recent transactions involving U.S. lenders advancing on the security of Canadian real estate have reminded this author that, even in this era of unprecedented cultural assimilation with the United States, there remain some very fundamental…

CHIP REIT acquired for $1.2 billion

VANCOUVER - British Columbia Investment Management Corporation (bcIMC) from Victoria, B.C., has acquired Vancouver-based Canadian Hotel Income Properties REIT (CHIP REIT) for $1.2 billion, paying $19.10 per unit. The purchase represents a…
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