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Real Estate
New 60-foot public art installation illuminates second phase of Toronto master-planned community
As the Galleria Mall site undergoes transformation to become Galleria on the Park, one of the largest master-planned communities in Toronto, the 60-ft-tall shopping centre pylon has been reimagined into a glowing beacon for the…
Lowe’s to close 34 “underperforming” stores across six provinces, vexing Quebec
Lowe's Companies Inc. said Wednesday it will close 34 ''underperforming'' stores across six provinces as part of a restructuring of its Canadian business, raising hackles in Quebec over the fate of local hardware mainstay Rona.The…
WeWork cuts nearly 20% of workforce in restructuring effort
NEW YORK – WeWork is slashing nearly 20% of its workforce, embarking on a painful restructuring of its money-losing operation that doomed its stock market debut and left the office-sharing company on the brink of bankruptcy.WeWork said…
Toronto, Vancouver both see home sale gains in October but prices diverge
TORONTO — Home sales in Canada's two most valuable real estate regions rose in October as a rebound in the market continued due in part to falling interest rates.Greater Vancouver home sales were up by 45.4 per cent in the…
Vancouver Residential Land Sales Plummet in First Half of 2019
With a national struggle to balance supply and demand in real estate, the Vancouver market area saw extremely slow starts to the year, according to the recently released Altus Group 2019 Vancouver Flash Report. While there was strength in…
Montréal Residential Sales and Prices Increase Significantly in October: Report
The QPAREB’s recent residential real estate market statistics for the Montréal Census Metropolitan Area (CMA) reveals a total of 4,211 residential sales concluded in October 2019, a 14 per cent increase compared to last October.…
Toronto Ontario Airbnb tribunal upholds Toronto rules on short term rentals city
TORONTO – An Ontario tribunal has upheld rules passed by the City of Toronto on short-term rentals like Airbnb.The Local Planning Appeal Tribunal said in a ruling released Monday that it has dismissed an appeal by several residents who…
CREA: national home sales up 12.9 per cent in October compared with last year
Statistics have been released by the Canadian Real Estate Association (CREA) show national home sales were unchanged from September to October 2019.Highlights:National home sales held steady on a month-over-month (m-o-m) basis in…
Sidewalk labs releases further plans for Toronto waterfront development
TORONTO – Sidewalk Labs has released a 482-page document updating its plans for a development on Toronto's waterfront in a bid to alleviate some of the privacy concerns that have swirled around the project since its proposal.The…
Department Store Repurposing Wins Urban Design Award
The transformation of a late 19th-century department store in London, Ontario into a multi-disciplinary centre of learning for Fanshawe College has received an Award of Excellence in Urban Design for Adaptive Re-Use.The award was…