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Category: Commercial

Labour, materials cause big spike in B.C. construction costs

Evan Duggan Commercial Labour British Columbia Nov. 8 2018

The construction cost escalation rate in B.C. this year could be as high as 12 per cent, several industry stakeholders said at a recent panel discussion in Vancouver. “This is very significant and we see, in some cases, developers just

Higher big city leasing rates buoy RioCan’s financial outlook

Don Wilcox Commercial Shopping Centres National Nov. 8 2018

Rising interest rates and changing economic conditions are causing a slowdown in RioCan Real Estate Investment Trust’s (REI-UN-T) efforts to divest $2 billion of its retail assets across the country, CEO Ed Sonshine said on a Q3 financial results conference call. 

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