If the small number of zoning-approved, high-density residential land sales in the third quarter are any indication, condominium developers are in no rush to launch new projects in the Greater Toronto Area (GTA).
Since entering the Alberta market in 2007-2008, Mattamy Homes, the largest privately-owned homebuilder in North America, has firmly established its presence and confidence in the province with thousands of homes already built and plans of many more to come.
CIBC Capital Markets managing director and deputy chief economist Benjamin Tal and PMA Brethour Realty executive chairman Andy Brethour closed the 2022 PMA-CIBC Summit Series of webinars by providing an update on the Canadian economy and its impact on housing.
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Nexus Industrial REIT is continuing to buy and sell properties to reposition its portfolio, and CEO Kelly Hanczyk expects both transactions and development activity to remain brisk through 2023.