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Victoria’s Bear Mountain Resort owner ponders sale options
Victoria’s Bear Mountain Resort owner ponders sale options
The owner of one of British Columbia’s highest-profile residential and sporting resorts has launched a review that could result in the full or partial sale of Bear Mountain Resort, near Victoria. Last week, Bear Mountain Resort Community owner Ecoasis enlisted the commercial brokerage firm JLL to do a strategic review of the assets.
GTA a hotbed of housing development
Soaring prices for condos in the Greater Toronto Area and $1-million average single-family home prices in Toronto illustrate a severely unbalanced housing market, attendees of an industry panel were told at the Land & Development Conference last week.
Place-making key for mixed-use developments
“If you’re not thinking about place-making in large-scale mixed-use developments in Toronto, or any other part of the world for that matter, you are definitely going to run into some interesting problems down the road,” LiveWorkLearnPlay partner and principal Rob Spanier said.
Does Toronto have a condo-flipping problem?
Ontario’s Minister of Finance Charles Sousa recently railed against “property scalpers” in the Toronto new housing market, and the recently announced Fair Housing Plan places increased scrutiny on pre-completion assignments. Given the more modest new condominium price growth between 2012 and 2016 in the Greater Toronto Area, the assignment market has seemingly cooled, but reliable data on the number of these transactions is not available.
Ottawa urged to become centre for high-tech building
When he was invited to sit on the “How do we Growth Hack Ottawa?” panel, William MacGowan did some serious thinking about what the city can do to become an international tech leader. MacGowan is an Ottawa resident. As Director of Smart Building Digitization at tech and innovation firm Cisco, his mind naturally drifted to what he knows best.
Avison Young report highlights tight GTA CRE market
A lack of available product is to account for a slowdown in commercial real estate transactions in the Greater Toronto Area, according to Avison Young’s first quarter 2017 CRE Investment Review. The analysis of sales activity in the GTA notes a 14% quarter-over-quarter decline in sales to $2.4 billion through the first three months of 2017.
Six Months Ago: JLL adds PMX to help with infrastructure projects
JLL has acquired PMX Inc., a Toronto-based project management firm that specializes in public and private infrastructure projects, to expand its project and development services (PDS) platform across Canada. “This acquisition is very much in line with our Canadian and American growth strategy,” said JLL Canada president Brett Miller.
One Year Ago: A tale of three office markets
One’s stuck in recessionary hell, the biggest “looks like it could be over-built” and the third looks more or less well-balanced. That’s the quick snapshot of the office markets of Calgary, Toronto and Vancouver respectively, that were the focus of a panel discussion at this week’s Land & Development conference held in Toronto.
| Property Biz Canada, Thursday, May 4, 2017 |
| Ontario rent control clouds over booming builds Property Biz Canada, May 4, 2017 |
| Serruya family buys Thornhill shopping centre Property Biz Canada, May 4, 2017 |
| Vancouver ‘shinier than ever on the world stage’ Property Biz Canada, May 4, 2017 |
| New Molson Coors brewery a big deal for Chilliwack Property Biz Canada, May 4, 2017 |
| CaGBC set to unveil Zero Carbon Buildings Standard Property Biz Canada, May 4, 2017 |
| Housing, income and making Ontario communities livable Value: Weighed and Measured, May 4, 2017 |
| Six months ago: Vancouver industrial space a bottleneck for Canada Property Biz Canada, May 4, 2017 |
| One year ago: Ottawa’s Emerald Plaza has a new owner Property Biz Canada, May 4, 2017 |
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