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EMD-Batimo expands Lib housing concept into Ontario
EMD-Batimo expands Lib housing concept into Ontario
EMD-Batimo is exporting its Lib concept of rental units for active retirees and semi-retirees from Quebec to Ontario with Lib Kanata, a $140 million, 236-unit development in suburban Ottawa that will begin construction in July.
Canadian Net REIT CEO to step down in April
Canadian Net Real Estate Investment Trust (NET-UN-X) has accepted the resignation of its president, CEO and trustee, Jason Parravano, who will step down April 25.
PWC recommends sale of 25 Sélection residences to Revera
Receiver PricewaterhouseCoopers recommends the sale of the interests of 25 Groupe Sélection residences to financial partner Revera despite the low price offered. The targeted portfolio comprises 6,600 housing units managed by Groupe Sélection.
Vancouver sublease office vacancies at 32-year high
The amount of sublease office space available in downtown Vancouver is currently at a 32-year high, and with further increases expected, it could reach levels not seen since the mid-to-late 1980s, according to Cresa managing broker Ross Moore.
Feds ease restrictions on foreigners purchasing property
The federal government is walking back some restrictions on foreigners purchasing residential property just months after the new rules came into force. Non-Canadians on a work permit or who are authorized to work in Canada can now purchase residential property.
LeBreton Flats 'little small' for Sens arena: Bettman
NHL Commissioner Gary Bettman tod reporters Monday the 6.17-acre parcel of LeBreton Flats land set aside for a major events centre and the potential home of the Ottawa Senators "struck me as being a little small."
Phase 2 of St. Thomas-Fitzrovia 4-tower redevelopment rising
Two of four towers in a collaborative effort between St. Thomas Developments and Fitzrovia are approaching structural completion at 88 Queen St. E. The Elm and The Ledbury, designed by Hariri Pontarini Architects, will stand 27 and 28 storeys, respectively.
Reserve triples proposed size of Midtown residential
A revised proposal from Reserve Properties nearly triples the height of a residential building at 136 Broadway Ave. in Midtown Toronto. The new proposal calls for a 35-storey IBI Group-designed building with residential 366 units.
$5B Centre Block renovation proceeds: AG report
"Rigorous" cost management will be needed for Canada's renovation of Parliament Hill's Centre Block, cautions auditor general Karen Hogan, who said the project is expected to take until at least 2030-'31 and cost $4.5 billion-$5 billion.
Dollarama profit jumps 18.8% in Q4
Inflation-weary Canadians looking for deals are continuing to visit discount stores more often – a trend that helped boost profits at Dollarama Inc. (DOL-T) by 18.8 per cent in Q4 and drove sales growth that exceeded the company’s previous targets.
Goodwill planning to open dozens of stores
Goodwill, the No. 1 global brand in resale, is looking to expand in Canada by opening more than 40 stores within the next five years due to the increased popularity of thrift shopping.
3E Nano raises $10.5M for window nano-coating
3E Nano Inc. plans to use a recent influx of funding totalling around $10.5 million to further commercialization of its heat-reflecting nano-coating for polymers that significantly reduces a building's energy consumption by trapping heat that passes through windows.
Brookfield selling Aussie health-care portfolio for $1.09B
ASX-listed HMC Capital has agreed to buy a portfolio of private hospitals, leased to Australian health-care operator Healthscope, from Brookfield for $1.09 billion Cdn. Brookfield listed the assets after it took over Healthscope in 2019 for $3.6 billion.
SocGen seeking to offload loan for KKR’s Adler deal
Societe Generale SA is attempting to sell part of a $1.03 billion loan secured against a portfolio of German apartments that were bought by a KKR & Co. venture from Adler Group SA last year, according to sources.
Loan maturity poses challenges for office owners
The office sector faces challenges as interest rates rise, the economy slows and demand declines. Office owners with loans maturing in the next three years — totaling more than 9,500 buildings and 17% of office stock — face an uphill battle.
Baby boomers largest generation of U.S. homebuyers
Baby boomers make up 39% of U.S. homebuyers, an increase from 29% last year. Generation Z makes up four per cent of buyers, with 30% of Gen Z moving directly from a family member’s home into homeownership.
Housing starts could fall 30% this year: CHBA
VIDEO: Kevin Lee, chief executive of the Canadian Home Builders’ Association (CHBA), talks about Canada’s housing shortage, how the cost to construct new homes has risen by an average of $70,000 and the strategies the industry is contemplating.
In a slow spring, home sellers are dragging their feet
The traditional spring upswing in the Toronto-area real estate market is behind schedule as homeowners remain reluctant to list properties for sale. “It is sluggish,” says Realosophy Realty president John Pasalis. “The market’s not behaving the way it normally does.”
Owning in Hamilton costs 51 per cent more than renting
The average monthly mortgage payment for a Hamilton home is nearly $1,400 more expensive than renting an average apartment in the city, a new study from Zoocasa has found. The average rent for a Hamilton apartment is $2,031.
Quebec cottage prices set to drop 8% this year
Prices for recreational properties across Quebec are expected to slump 8 per cent this year, the most in Canada, the Royal LePage brokerage firm said in a forecast released Tuesday. The decline, which follows last year’s 16 per cent jump.
Industry Events
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Canada Real Estate Auction
Oct 22 2024
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Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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