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AY JV launches 200-acre Edmonton Exhibition Lands dev.
AY JV launches 200-acre Edmonton Exhibition Lands dev.
Avison Young is partnering with the City of Edmonton property sales division to kick-start the first phase of the massive 200-acre Edmonton Exhibition Lands development.
Land and development panel looks at availability and uses
While the industrial sector has taken off over the past three years across Canada, with record high rents and low vacancy rates, industrial, commercial and investment land sales have slowed due to high interest rates and inflation.
Ontario abandons housing planned for farmland
Ontario has backed off on proposed regulations and a bill that would allow for more housing to be built beyond urban boundaries and in rural areas. Farmers say it would have had a "catastrophic" impact on farmland and livestock operations.
 | CRE Matters Hotel outlook bright as Canadian tourism in solid recovery modeAdam JacobsSenior National Director, Research, Colliers Canada |
New Horizon's Hamilton mixed-use OK'd
Burlington-based New Horizon Development Group's revised plan for 1,390 apartment units in towers of 34, 44 and 37 storeys on a two-hectare lot in Stoney Creek has been approved. The plan includes 6,458 square feet of commercial space.
London's parking lots represent untapped potential
In a quickly growing city that strives to bring more density to its downtown, London has 67 surface parking lots that collectively gobble up almost 30 acres of prime real estate in the core.
Office fit-out costs rise with hybrid workforce
Rising office fit-out costs reflect both inflationary dynamics in the construction sector and emerging design trends as employers realign space to engage their hybrid workforces. JLL’s benchmark report pegs the average year-over-year cost increase at roughly 10 per cent.
Return to downtown Mtl. offices may have peaked
Retail customers have flocked back to downtown Montreal, but rising office vacancy rates and a plunge in housing starts are stoking fresh concerns about the outlook for the central business district — and for the city’s finances.
Beedie condo design should reflect Chinatown character
City planning experts say a condo proposal in Vancouver’s Chinatown nearing an approval vote may not have spent the past six years mired in planning difficulties if Beedie had offered a design better reflecting the building’s historic community and surroundings.
Port Alberni hotel builds on First Nations partnership
The Huu-ay-aht Group of Businesses, Tseshaht First Nation, and Calgary-based MasterBUILT Hotels Ltd. have joined forces to develop a 76-room Microtel Inn & Suites by Wyndham in Port Alberni. The hotel will total 39,000 square feet with room for expansion.
Proposed overhaul of Canada Mortgage Bonds wrong
OPINION: Canada Mortgage Bond (CMB) bonds are a key source of mortgage credit – the money investors pour into these bonds is ultimately what is loaned out to borrowers. Ottawa’s proposal to overhaul that system comes with more risk than advantages.
RBC Global Infrastructure Fund LP raises over $600M
RBC Global Asset Management Inc. today announced the first closing of RBC Global Infrastructure Fund LP, which raised over $600 million in commitments from over 1,800 institutional and individual Canadian investors, exceeding initial commitment targets.
OPINION: Towers add little to NYC's character
New York City is home to 17 supertall towers measuring over 984 feet, the most of any metropolis. The towers alter the skyline but add little character. Instead, they are an ugly reflection of billionaires' social and political power.
Wuhan names hundreds of debtors amid financial woes
Wuhan, a city in central China, publicly named hundreds of debtors in a local newspaper article demanding payment, a rare move underscoring the fiscal problems facing provincial governments. The debts listed totalled more than $42.4 million U.S.
U.S. big cities see recovery In residential areas
Residential neighborhoods in the U.S.' largest hubs are experiencing a significant boost from residents returning as traditional office areas languish. New data shows how hybrid and remote work, a shift some predicted could kill cities, is transforming them instead.
U.S. investor home purchases fall record 48.6% Y-O-Y: Redfin
U.S. real estate investors purchased 48.6% fewer homes year-over-year in Q1 2023 as elevated interest rates along with declining rents and housing values ate into potential profits, according to a new report from Redfin.
Wildfire destroys 150 homes in Halifax area
More than 150 homes had been lost to the intense wildfire in the Halifax area by Tuesday afternoon, as evacuation zones continued to expand and exhausted crews spent a third straight day battling the blaze in hot, windy conditions.
Newcomers aren't pushing real estate prices higher
According to the latest census, newcomers earn almost 20 per cent less than non-immigrants. “Only a tiny share of immigrants arrive with enough capital to buy a home at once,” said Canadian Centre for Policy Alternatives' Ricardo Tranjan.
Promise and pitfalls of 'missing middle' policies
Auckland was a pioneer in approving so-called missing-middle housing — townhomes, multiplex homes and low-rise apartment buildings — on single-family lots in an effort to slow rapidly rising house prices. Will it work in B.C.?
62% prefer fully detached homes in suburbs: Survey
According to Zolo survey What Homebuyers Want 2023, a staggering 62% of respondents strongly preferred fully detached homes in the suburbs. Additionally, 71% of prospective buyers revealed their desire to move to suburban or rural areas.
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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