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Real Estate
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…
Ontario ombudsman launches probe of Landlord and Tenant Board delays
TORONTO – Ontario's ombudsman is launching an investigation into delays at the Landlord and Tenant Board.Paul Dube says case backlogs at the board are getting worse and complaints to the ombudsman's office about long waits for hearings…
CMHC reports annual pace of housing starts in Canada slowed in December
OTTAWA – Developers started building fewer homes than expected in December, mostly because of a decline in multi-unit projects, Canada's housing agency said Thursday.Canada Mortgage and Housing Corp. said the seasonally adjusted annual…
Montréal CMA Records Most Active Month of December on Record
The Quebec Professional Association of Real Estate Brokers (QPAREB) has released its most recent residential real estate market statistics for the Montréal Census Metropolitan Area (CMA), based on the real estate brokers’ Centris provincial…