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EMBLEM launches largest downtown Hamilton condo

2 years ago

EMBLEM Developments is launching sales for The Design District, comprised of three 30-storey condominium towers combining for 828 units in downtown Hamilton.

Edmonton-based Mayfield Management Group Ltd., a property management company for rental apartments and condominiums, continues to grow its footprint in Alberta as it prepares for expansion into other provinces, including Ontario.

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On June 21, 1972, IBM had just invented the floppy disk . . . and inaugurated a factory of 200 people in Bromont. Half a century later, IBM’s oldest facility in the world still remains at the forefront, which in 2023 will house Canada’s first quantum computer.

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The Correctional Service of Canada is entering the next phase in the disposal of one of its properties – the former Saint-Vincent-de-Paul Penitentiary in Laval, Que. – to be ready for sale to Canada Lands Company by 2024.

Yardi

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Now that the Ottawa Senators are one step closer to moving downtown, what does that mean for the Canadian Tire Centre? The future of the hockey and music venue is in question if the Sens move to LeBreton Flats.

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Since the beginning of COVID the capital region’s office market has verged on bizarre. Most tenants sent their workers home and continued paying for largely unused real estate. The result is office space is still more than 90 per cent leased.

IMAGE: Derek Lobo.

Founder and CEO , SVN Rock Advisors Inc.

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Metro Vancouver is ending the second quarter with the tightest industrial market in North America, Colliers reported. Vacancies average 0.1 per cent across the region, and availability is little better at 0.5 per cent.

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As Blatchford marked its grand opening on Saturday, its slow speed is under scrutiny at city hall. Four stages of development are expected to be completed by the end of this year which will hold 1,100 units once homes are built.

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When designing tall buildings, it’s important to consider how it lands on the ground, how it relates to what is around it and if it makes the space better than it was before, Studio Gang founding principal Jeanne Gang says.

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London, Ont., city hall has proposed drastically lowering the minimum number of automobile parking spaces required for new developments, while at the same time raising requirements for bicycle parking, in the first major overhaul of parking policy in three decades.

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Burnaby Coun. Colleen Jordan has staked out her opposition to Pinnacle International’s proposed 80-storey development next to Lougheed SkyTrain station. Phase 1 of the development would build two new towers of 80 and 73 storeys, adding 1,466 strata condos to the market.

Property Vista

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BMO Financial Group Friday celebrated the grand opening of BMO Tower, Chicago, BMO’s new U.S. headquarters. The state-of-the-art, 50-storey building is located at 320 S Canal St., in Chicago’s West Loop Gate neighbourhood.

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After the U.S. Supreme Court overturned Roe v. Wade Friday morning, large companies considering where to place a new office or lab could soon be forced to choose between states where abortion is legal and where it isn’t.

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The U.K.’s regional towns and cities will be flooded with unwanted offices as businesses cut down on unused space after the coronavirus pandemic triggered a shift in working patterns.

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H&M has shut its flagship Shanghai store, its latest closure in China where consumer demand has slumped amid COVID-19 lockdowns and the fast-fashion retailer has borne the brunt of a backlash against companies that refuse to use Xinjiang cotton.

ProREIT

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GTA rent prices in May saw the largest monthly hike in more than three years at 5.7 per cent. A new report by Bullpen Research & Consulting and TorontoRentals.com found the average monthly rent in the GTA increased by 16.5 per cent year-over-year, from $1,998 to $2,327.

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EDITORIAL: Imagine a house-seeking family trying to compete with the likes of Core Development Group, a Toronto-based condo builder that unveiled plans last year to spend as much as $1 billion acquiring detached homes in various mid-sized cities.

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The annual BILD Awards returned to recognize excellence in the design, construction, marketing, and sales of new homes in the GTA. BILD presented awards in the categories of marketing, architectural design, people and sales, and in the prestigious Pinnacle category.

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Real estate is of top concern to the Commission of Inquiry into Money Laundering in B.C. Of the 101 recommendations Commissioner Austin Cullen made in his June 15 final report, 40 are directly related to real estate, and several others are ancillary.

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