Browsing Tag

covid

From restaurants to retailers, virus transformed economies

Paul Wiseman And Alexandra Olson – THE ASSOCIATED PRESS Dec 16, 2020

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…

Real Estate

Hamilton, Moncton becoming highly vulnerable to housing bubble, CMHC says

Anita Balakrishnan – THE CANADIAN PRESS Dec 16, 2020

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…

Real Estate

Home prices to rise more than 9% in 2021, Canadian Real Estate Association forecasts

Anita Balakrishnan – THE CANADIAN PRESS Dec 16, 2020

The Canadian Real Estate Association expects the national average home price will rise 9.1 per cent to $620,400 in 2021, in one of the most optimistic forecasts yet for the real estate sector.The real estate association says it expects…

Real Estate

Building picked up in November as housing starts jumped 14.4%

Anita Balakrishnan – THE CANADIAN PRESS Dec 15, 2020

Builders broke ground on more homes in November as construction on multi-family housing picked up in Vancouver and Montreal, Canada Mortgage and Housing Corp. said on Tuesday.The seasonally adjusted annual rate of housing starts rose…

Real Estate

Canadian home sales on track for record year

Building Dec 15, 2020

Statistics released by the Canadian Real Estate Association (CREA) show national home sales continued running at historically strong levels in November 2020.National home sales edged back 1.6% on a month-over-month (m-o-m) basis…

Real Estate

N.S. single mothers describe the dilemma of families seeking safe, low cost housing

Michael Tutton – THE CANADIAN PRESS Dec 14, 2020

HALIFAX – Single mother Harley Newell faces a harsh choice: either battle to remain in an apartment in need of repairs or pursue the faint hope of finding publicly subsidized housing in a small Nova Scotia town.The 29-year-old single…

Real Estate

RioCan cuts payouts as COVID 19 challenges outlook for retail real estate

The Canadian Press Dec 4, 2020

TORONTO – RioCan Real Estate Investment Trust says it is cutting its payouts to unitholders by a third as the COVID-19 pandemic creates an uncertain future for shopping centres.RioCan, which counts Dollarama, Canadian Tire and Costco…

Real Estate

Ivanhoe Cambridge cuts 50 positions, mainly outside Quebec, in shopping centres

The Canadian Press Nov 25, 2020

MONTREAL – The real estate arm of Quebec's pension fund manager has laid off about 50 people, mostly outside of Quebec, as it continues efforts to turn around the performance of its shopping centres.Ivanhoe Cambridge's latest…

Real Estate

Business is booming for HVAC companies as commercial buildings see pandemic upgrades

Anita Balakrishnan – THE CANADIAN PRESS Nov 25, 2020

Air filters have become big business in the age of COVID-19, for the HVAC companies that can get their hands on them.As indoor air quality becomes a major concern in places of business, HVAC companies are struggling to keep up with…

Building

Canadian mall owners could acquire key retail tenants in the months ahead

Building Nov 25, 2020

Canadian mall owners are well-positioned to acquire key retail tenants in their portfolios in the months ahead, said Bradley W. Snyder, a Tiger Group Executive Managing Director, during a retail-focused webinar hosted by Insolvency Insider.…

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