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Real Estate
New affordable homes for middle income earners coming to 42 communities in B.C.
The British Columbia government is funding 4,900 new affordable rental units to be built in the next three years as part of its efforts to tackle a housing crisis across the province. The units will include both non-profit and co-operative…
Toronto loses bid to host Amazon HQ2, mayor says effort still represented a win
TORONTO – Amazon will be spreading its highly anticipated second headquarters over two North American locations, but confirmed on Tuesday that it will not be calling Canada home.The retail behemoth announced that its new main base –…
Measure Twice, Cut Once
As most of you know, Building Owners and Managers Association International (BOMA) has developed standards (BOMA Standards) for measuring commercial space that are widely adopted in the commercial real estate sector. From time to time, BOMA…
Townhouse sales down across Vancouver and GTA: Altus
Altus Group has released their latest Housing Report, with this edition focusing on the important and growing role that townhouses play in Canada’s new home sector.Key highlights include:The role of townhouses in the new home market…
Cannabis company hopes to replace jobs lost in mill closure in small B.C. town
Arnold Meyer spent 40 years working at the Tolko Industries Ltd. mill in Merritt, B.C., but then he faced the reality of being laid off.The 62-year-old was one of about 200 employees who lost their jobs in 2016, crippling the economy of…
First shovel at groundbreaking for National Bank’s new Montreal head office
National Bank held an official groundbreaking ceremony on Wednesday (November 7) to kick off the construction of what will become the financial institution’s new head office in Montreal. The event was held in the presence of numerous…
Built Green Canada partnership brings performance-based water rating to Canada
Built Green Canada has partnered with the Green Builder Coalition to bring performance-based water efficiency to Canada through its third-party certification programs’ water conservation section.Though parts of Canada, and the world, are…
Canadian housing starts trend decreases slightly in October: CMHC
The trend in housing starts was 206,171 units in October 2018, compared to 207,809 units in September 2018, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month moving average of the monthly…
Canadian real estate prices per square foot varied by region over the last year
A nationwide study conducted by CENTURY 21 Canada reveals that trends in real estate prices per square foot have been fickle for the last year – soft in some cities but stable in others, even varying from suburb-to-suburb in some cases.…
Vancouver expects $30 million in first year of empty homes tax
VANCOUVER – The City of Vancouver says it has collected $18 million from the first year of its empty homes tax and another $12 million could still flow into its coffers.The city says in a news release that it expects to generate a total…