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Blackstone opens Toronto office, plans more Canadian investment

Don Wilcox Commercial Blackstone Real Estate National 1 hour ago

Now that Blackstone has formally opened its Canadian office in downtown Toronto, the world's largest private equity investor is doubling down on its stated goal to increase its Canadian real estate holdings, according to its North American head of real estate.

REITS focus on balance sheets amid economic turbulence

Steve McLean Commercial REITs National 1 hour ago

REITs were introduced in the U.S. in 1960 and are active in 41 countries with a combined population of five billion and comprising 83 per cent of global GDP, REALPAC CEO Michael Brooks said during the RealREIT closing roundtable.

Bringing uniformity to New Brunswick tax assessments would ease many headaches

Rob Newman Commercial Taxes Atlantic Canada 1 hour ago

As a taxpayer, nothing’s more unsettling than knowing you’re being treated unfairly. For example: a developer who is constructing a multifamily apartment building reached out with a situation symbolic of a widespread issue in New Brunswick’s flawed property tax system.

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Apartment investment sector sees fewer deals, smaller assets trading

The number of purpose-built apartment transactions, and the size of those deals, has been trending downward. Higher interest rates are one reason for the trend, but other factors are also at play.

Steve McLean Residential Apartments National Sep. 19 2023

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