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Real Estate
Bank of Canada keeps key rate target on hold, trims growth expectations for 2020
OTTAWA – The Bank of Canada is keeping its key interest rate target on hold at 1.75 per cent and forecasting a slower-than-expected start for the Canadian economy in 2020.In its latest forecast, the central bank predicted the Canadian…
Rentals.ca Releases its 2020 Rental Market Predictions Report
Rentals.ca and Bullpen Research & Consulting’s December National Rent Report forecasts a 3 per cent year over year rental rate increase on a national basis in 2020.Annual rental rates could increase in 2020 by as much as 7 per cent…
Altus Group Compares Housing Starts in Canada to the Previous 5 Decades
According to Altus Group’s latest Housing Report, total housing starts in Canada during the 2010s reached 201,000 units on an average annual basis, and tied for the 2nd best decade ever, after the 1970s.In the 2000s, just under…
Top trends impacting commercial real estate in 2020: Avison Young Report
Avison Young released its global 2020 Forecast, including ten trends to know for 2020, and national and local property market outlooks for markets around the world.The annual report series provides perspective on how global events,…
Rental vacancy rates last year hit lowest since 2002 after third year of decline
Canadians hunting for an apartment are feeling the squeeze as rental availability dropped for the third straight year to reach a 17-year low, the Canada Mortgage and Housing Corp said Wednesday.The tightening market is pushing…
Transwestern Commercial Services and Devencore Forecasts Moderate Growth Across U.S. and Canada
Transwestern Commercial Services and Devencore’s 2020 Commercial Real Estate Sentiment Survey reveals the U.S. index averaged 106.9 for 2020 office market conditions, signaling expansion above the 100 neutral zone, but still down from 111.2…
Fengate and Freed Acquire 5.4 Acre Mixed-Use Site with Development Entitlements
Fengate Asset Management and Freed Developments Ltd. have acquired a 5.4 acre, transit-oriented and mixed-use site with development entitlements in the City of Toronto from Allied Hotel Properties Inc.Fengate is managing this joint…
Insurance Bureau of Canada to hire risk manager to assist condominium corporations
To address issues that have arisen in the commercial insurance market, and especially in condominium insurance in Alberta, Insurance Bureau of Canada (IBC) will be engaging an expert in risk management to assist those having trouble…
CIBC celebrates milestone as final phase of construction underway at CIBC SQUARE’s 81 Bay…
Representatives from CIBC, EllisDon, Ivanhoé Cambridge and Hines raised a ceremonial last steel beam at 81 Bay Street on January 8th. The event marks the final phase of construction for the first of two office buildings that will become…
Royal LePage expects vibrant spring real estate market, home prices to rise modestly
The aggregate price of a home in Canada increased 2.2 per cent year-over-year to $648,544 in the fourth quarter of 2019, according to the recently released Royal LePage House Price Survey. According to Royal Lepage, similar to the third…