LocationsRecent Articles
Canada has four of N. America’s top 20 tech markets
Canada has four of N. America’s top 20 tech markets
Major Canadian cities continue to grow as technology hubs says CBRE’s 2019 Scoring Tech Talent report. “It’s a combination of factors, including high educational attainment, overall size of the tech markets and tech labour concentration,” said CBRE’s Paul Morassutti.
Hoteliers urge federal candidates to tax Airbnb hosts
On Wednesday, the Hotel Association of Canada launched a campaign calling on all federal candidates to support their demand for Airbnb to pay a corporate tax, as well as for Airbnb hosts to charge guests GST or HST.
Public sector fuels Ottawa office demand: Colliers
Demand for office space in the National Capital Region dampened slightly in Q2, but landlords should continue to see “steady” interest in properties thanks to job growth in the public service, tech and other industries, a Colliers International report says.
Marcus & Millichap is carving its niche in Canada
Since launching its first Canadian office in 2013, Marcus & Millichap (MMI-N) has been doubling its business each year in the city. It’s on track to do the same in 2019, says vice-president, Toronto regional manager and broker of record Mark Paterson.
Port Moody ‘urgent’ proposal put on hold
• Tri-City News • CBC
Port Moody council has put an “urgent” call to curb development in Moody Centre and concentrate on job creation on hold. A 20-page report by acting mayor Hunter Madsen proposed a high-tech hub around the Moody Centre SkyTrain station.
Developers flock to Vancouver Island
Victoria is facing big-city problems – and potential – as an industrial land shortage and white-hot demand for office and retail space characterize B.C.’s capital city, the province’s strongest commercial real estate market outside of the Lower Mainland.
West Vancouver puts hold on 390-unit apartment
• CBC
One of the largest rental projects proposed for West Vancouver in decades suffered two major setbacks this week. The Taylorwood Place project looked to replace around 20 single-family homes in a residential area near Park Royal with five terraced apartments.
Waterfront Toronto keeps tabs on Sidewalk parent
• Financial Post • Toronto Star
The agency tasked with overseeing development of Toronto’s waterfront has been tracking Alphabet’s corporate missteps, one of the agency’s senior executives told a public meeting in Toronto Monday night. Sidewalk Labs proposes a sweeping development project in the city.
Arbutus Ridge Golf Course sells for $4.5M
Arbutus Ridge Golf Course in Cobble Hill, B.C., has a new owner. After 27 years of ownership, GolfBC sold the course for $4.5 million to Yi Jing Golf Club Inc., a company headed by Weihong Liu and her husband Zhao Zheng Fu.
Flexibility needed for heritage designation: Owners
• CBC
It would be a challenge to squeeze a pencil between two buildings in the Exchange District. Yet, they have separate titles and are being reviewed for their status by the City of Winnipeg’s historical buildings and resources committee.
Nemak to shutter Windsor automotive parts plant
• CBC • Windsor Star • CTV
Automotive parts manufacturer Nemak announced Tuesday plans to close its Windsor plant by mid-2020. According to Nemak, the decision to close the plant was a result of the “early phase-out of an export program with a customer in China.”
Concrete startup Brokrete sets foundations for growth
Gatineau’s Brokrete develops an end-to-end solution for the order and delivery of stone, sand and gravel in the concrete industry. Recently, the firm closed a $500,000 pre-seed round with angel investors Ronald Richardson of Ottawa and Avlok Kohli of San Francisco.
Lendlease, Google JV on $15B in San Fran projects
Australia’s Lendlease has formed a US$15 billion partnership with Google to jointly develop three of the internet giant’s U.S. landholdings in major districts in the San Francisco Bay area. The deal is the largst ever for Lendlease.
India’s Oyo enters co-working business
• TechCrunch • Reuters
India’s Oyo has expanded its hotel chain business to more than 80 countries and entered the co-living spaces segment in recent years. The firm, which has raised about $1 billion since September, has identified a new business to target: co-working spaces.
Hong Kong office transactions, leasing drop in Q2
• Reuters • South China Morning Post
Hong Kong’s commercial property investment and office leasing activities both weakened during the second quarter, hurt by the ongoing U.S.-China trade conflict, CBRE said on Tuesday. Transaction volume of commercial property totalled $2.70 billion US, 6.2 per cent lower than in Q1.
Tercot Communities acquires Whitby development project
Tercot Communities today announced it has acquired a position in the dynamic and flourishing Whitby market with a low-rise residential development project. The 14-acre development site is conveniently connected to Highways 407 and 412.
Vancouver council approves city-wide plan process
• Vancouver Courier • Vancouver Sun
Vancouver will launch the first step in developing a city-wide plan this fall — the “listening” phase — after council approved on July 16 the budget and process for the multi-year project.
Vancouver pre-sale condo project sales rates hit new lows
The sales rate for pre-sale condos hit a low of 14 per cent in June, with buyers signing sales contracts for only 73 out of the 519 units on the market in Greater Vancouver and the Fraser Valley. It’s the lowest rate since 2012.
Lower Mainland’s new home supply plummets
The supply of new pre-sale homes released to market in the Lower Mainland has plummeted by nearly half, according to the Mid-Year 2019 Real Estate Insights report by real estate marketing and research firm MLA Advisory.
OREA calls on Ottawa for relaxed mortgage rules
The Ontario Real Estate Association is calling for less stringent mortgage rules in a rebuttal aimed at the head of the Canada Mortgage and Housing Corp. OREA chief executive Tim Hudak says Ottawa should consider restoring 30-year insured mortgages.
Industry Events
-
Canada Real Estate Auction
Oct 22 2024
-
Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
-
MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
Follow us on Social Media
Follow RENX on your favorite social media platform for news delivered to your feed.
Locations
