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Category: Commercial

Toronto, other Cdn. cities eye Calgary's office-to-res conversions

Steve McLean Commercial Apartments Calgary Jan. 3 2024

Calgary is leading the office-to-residential conversion charge in North America through public policies and financial tools aimed at addressing commercial vacancy, housing affordability and climate change issues. Other major cities across the country are taking notice, including Toronto.

When development deals go wrong, damages come in the form of land value, not lost profits

Daniel Waldman Commercial Land National Jan. 3 2024

When a development land transaction goes awry, an innocent purchaser can sue for damages. However, damages are usually based on the difference between purchase price and market value – not potential lost profits.

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