Lowest return for IPD index in decades, REALPAC / MSCI

Lowest return for IPD index in decades, REALPAC / MSCI

The weather was appropriate gray, cold and blustery in Toronto last Friday for the release of the annual REALPAC/MSCI 2016 results of the IPD index. Jokes from the stage about real estate executives visiting their cardiologists preceding some heart slowing results.

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Office staging is a force that’s here to stay

“Staging” houses so they make a good first impression has long been a way of trying to sell them faster and for higher prices. Now that trend is becoming more common in office leasing, and both landlords and tenants seem to be reaping benefits from the practice.

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VERSUS is ready for residents in Calgary

Calgarians have a new option for rental living in the Beltline: VERSUS. ONE Properties and Alberta Investment Management Corporation (AIMCo) partnered to build VERSUS, a mixed-use property with ground level retail, second floor office space, third floor amenity areas and two residential towers reaching to 17 and 34 storeys to house 444 residential units.

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What is causing Canadian home prices to rise? – Bob Finnigan, President, CHBA

There’s been a lot of recent media attention lately about foreign home buyers fueling the rise in prices. The B.C. government, believing this to be a very strong factor in increasing prices, introduced legislation that adds a 15 per cent foreign buyers property transfer tax.

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Ontario Finance Minister updates CRELA at luncheon

Ontario Minister of Finance Charles Sousa recently told Commercial Real Estate Lenders Association (CRELA) members he would like to see a single securities regulator across Canada.

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Turn a negative into a positive

Mainstream media is quick to report the bad news in our world. We can’t ignore the negative but the creativity to turn these opportunities into a positive is available to us.

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Best of Biz six months ago: RioCan REIT’s big city bet still paying off

Edward Sonshine still remembers the moment that changed the fate of Canada’s largest REIT. It was more than a decade ago that the RioCan chief executive was reading a Statistics Canada report. “It was all about population growth so it caught my interest because at the end of the day retail is all about population,” he explained.

Property Biz Canada

Best of Biz one year ago: Veritas, Ivanhoe build portfolio, partnership

Veritas Investments and Ivanhoé Cambridge strengthened their partnership last month with the acquisition of 16 multi-family properties in San Francisco for approximately $275 million Cdn. “We’re still looking at acquiring more with our partner, Ivanhoé Cambridge,” Veritas chief executive officer Yat-Pang Au, who founded the company in 2007, said Monday.

Property Biz Canada

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