Avenue Living crosses 15,000-homes plateau in N.A.

Calgary-based Avenue Living’s $52-million US acquisition of a 386-unit multifamily rental property in Columbus, Ga., has pushed the real estate company’s portfolio to more than 15,000 multifamily homes in 23 regions across North America.

Core vowed to buy $1B worth of houses; now selling

Core Development Group, which vowed to purchase $1 billion in houses across Canada, in the throes of the rapidly heating 2021 market, has put several of its newly acquired homes back up for sale.

Van. fends off ‘zombie’ towers spooking U.S. cities

San Francisco property owners are concerned about the possible collapse of the city’s commercial real estate market as 24 million square feet of office space has gone vacant since the COVID-19 pandemic began, says Texas-based commercial leasing platform MyElisting.

GTHA housing market analyzed in ULI Toronto webinar

Toronto proposals drop 62% year-over-year

The Toronto real estate market continues to experience low levels of activity as interest rate hikes, price drops and policy uncertainty continued in August. New proposals for development came in at nine applications, a 62 per cent drop year-over-year.

JR Mercantile makes mark in Calgary retail leasing

In October 2015, landlords of commercial properties began to get concerned, particularly about retail leasing. However, that didn’t deter Jeff Robson — who had enjoyed 15 successful years as a commercial realtor — from launching JR Mercantile Real Estate Advisors.

ENMAX Power pilots solar panels at CF Chinook Centre

ENMAX Power Corporation has completed a pilot project at the Cadillac Fairview (CF) Chinook Centre in Calgary, pioneering two-way power flow technology in malls and reducing its climate impact.

Cloriacité, Fonds partner on 10-storey Mtl. mixed-use

Développement Ste-Catherine Inc., an affiliate of Cloriacité Investissements, is partnering with the Fonds immobilier de solidarité FTQ on a 10-storey mixed in the Montreal suburb of Sainte-Catherine. The building will feature 140 apartments and a 9,000-square-foot commercial portion.

Intentional proposes 16-storey mixed-use

Intentional Capital is proposing a 16-storey mixed-use building at 952 King Street W. in Toronto's West End. The Sweeny&Co Architects-designed building would include 213 residential units - 157 one-bedrooms, 33 two-bedrooms and 23 three-bedrooms - and street-level retail space.

Over 80% would quit in lieu of full-time return to office

A new survey by Hardbacon, a personal finance application used by more than 40,000 Canadians, reveals over 80% of Canadian remote workers would quit their job if their employer asked them to return to the office five days a week.

CPP Investments joins Capital Constellation JV

Capital Constellation, a joint venture among leading institutional asset owners in Europe, North America and the Gulf, announced CPP Investments has joined its consortium of asset owners. Constellation’s asset owners collectively manage nearly $2 trillion in assets.

Brookfield’s private equity arm is struggling

Persistent inflation and slowing global economic growth are hitting Brookfield Business Partners and investor sentiment is deteriorating so rapidly it will take much more than the division’s stellar return on its Westinghouse sale to eliminate its massive market discount.

Cushman & Wakefield sues brokers who left for JLL

Cushman & Wakefield is suing two of its former high-profile capital markets brokers for breach of contract after the pair departed for rival JLL. Mike McDonald and Jonathan Napper broke five-year employment contracts signed in October 2018, Cushman & Wakefield alleged.

Supply chain snarls loosen for U.S. companies

John Ehresmann, vice-president of global supply for Graco, loves that the cost of shipping an ocean container from Asia to a U.S. port has fallen back to earth. If only that were true for everything he buys – but it’s not.

Toronto has world's highest housing bubble risk: UBS

Toronto has the world's highest housing bubble risk — even higher than cities such as Frankfurt and Hong Kong — says the UBS Global Real Estate Bubble Index, which ranked 25 major world cities based on the risk of a market collapse.

Surging rents have condo owners rethinking plans to sell

Surging rents are draining inventory from Canada’s resale condominium markets as would-be sellers opt to lease out their units long-term instead, according to RE/MAX Canada’s 2022 Canadian Condominium Report. Calgary and Edmonton bucked the trend, reporting double-digit sales gains.

No relief in sight for Toronto renters: Broker

Toronto-area real estate broker John Pasalis doesn’t see any relief in sight for renters in Canada’s largest housing market. The president of Realosophy Realty blamed tight rental market conditions and rising immigration rates.

Royal LePage lowers home price expectations

Royal LePage’s house price survey predicts the aggregate price of a Canadian home in the final three months of 2022 will be down 0.5 per cent year-over-year. Its July forecast predicted Q4 prices would be up 5.0 per cent year-over-year.