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Real Estate
Brookfield makes offer to take Brookfield Property Partners private
TORONTO — Brookfield Asset Management Inc. has offered US$5.9 billion to buy the remaining stake in Brookfield Property Partners LP that it does not already own.The asset management company is offering US$16.50 per unit. Shares of…
Toronto real estate board data conflicts continue despite 2016 ruling
Toronto-area homebuyers could be forgiven in 2016 for assuming the doors had been thrown open to the Toronto Regional Real Estate Board's sales data in the wake of a landmark ruling by the Competition Tribunal.After appeals by TRREB to…
First time homebuyers see new opportunities, challenges in pandemic economy
TORONTO — With mortgage rates at historic lows and price growth tapering in certain markets, the COVID-19 pandemic has presented both opportunities and challenges for first-time homebuyers.New buyers are seeing condo prices come within…
This is West Vancouver’s plan to prevent new out of place monster homes
NORTH SHORE NEWSThe District of West Vancouver finally has a plan, after many years, to protect neighbourhood character and prevent new out-of-place monster homes.Council voted unanimously to support more than 30 recommendations put…
No easy solutions to complex problem of high condo insurance premiums: B.C. report
VANCOUVER — A Crown corporation that regulates British Columbia's private-sector insurance companies says an average 40 per cent increase in condo insurance premiums resulted from various factors including risks that insurers face from…
The ULI Awards for Excellence are now open for submissions
The ULI Awards of Excellence recognize superior development efforts in the private, public, and non-profit sectors. Winning projects represent the highest standards of achievement in the development industry, and today the real estate and…
TCHC approves Tridel for Phases 4 and 5 of the Regent Park revitalization
The Board of Directors of Toronto Community Housing Corporation (TCHC) has approved the selection of Tridel Builders Inc. as TCHC's developer partner for Phases 4 and 5 of the Regent Park revitalization following a competitive request for…
Annual pace of inflation climbs to 1.0 per cent in November, Statistics Canada says
OTTAWA – The country's annual inflation rate in November rose to its fastest pace since the start of the pandemic, driven by a rise in prices for homes, rent and goods around the house.Statistics Canada said Wednesday the 1.0 per cent…
From restaurants to retailers, virus transformed economies
NEW YORK – It would be just a temporary precaution.When the viral pandemic erupted in March, employees of the small insurance firm Thimble fled their Manhattan offices. CEO Jay Bregman planned to call them back soon – as soon as New…
Hamilton, Moncton becoming highly vulnerable to housing bubble, CMHC says
The jump in home prices seen in many cities this summer and fall was beyond what could be justified by Canadian income levels and population growth, Canada Mortgage and Housing Corp. said in a new report released Wednesday.The comment…