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National Housing Strategy comes up short: Industry reps
National Housing Strategy comes up short: Industry reps
The federal government’s National Housing Strategy doesn’t go far enough to meet the needs of a large group of Canadians finding it increasingly difficult to become homeowners, says the Canadian Home Builders Association. On Wednesday, the government announced the 10-year, $40 billion plan to reduce homelessness and improve the availability and quality of housing for Canadians in need. Kevin Lee, CEO of CHBA, says the plan is more of a national social housing strategy that doesn’t address the wider elements of housing affordability.
Intracorp growth leads to North American consolidation
Intracorp is one of North America’s largest developers of multi-family homes, with about $4 billion worth of projects on the go. The company is moving to bring that sprawling organization under one leader, and one corporate banner. All of Intracorp’s North American operations will now be overseen by president and chief executive officer Don Forsgren.
Video game firm to anchor new PC Urban Vancouver office
Relic Entertainment, one of Vancouver’s oldest gaming companies, will be the anchor tenant of a new office building in the city’s Mount Pleasant district. The SEGA-owned studio, with about 180 employees, will move into its new head office in the spring or summer of 2019 in the Nickel building at 285 West 5th – located on the former Hudson Plating site where for many years chrome-plated industrial metals were manufactured.
Toronto’s West Don Lands wins global award from ULI
Toronto’s West Don Lands is one of only 13 development projects to receive the Urban Land Institute’s prestigious 2017-2018 Global Award for Excellence. “West Don Lands is a complex project that articulates creative real estate development that capitalized with a vision the Pan Am Games as an early catalyst,” said Wendy Rowden, chair of the jury that decided the winners.
ABC’s of leasing: Don’t get caught in a pinch
In an ideal universe tenants could plan ahead and leave themselves enough time to complete a comprehensive commercial real estate search before leasing. They wouldn’t feel pressured to take space that isn’t quite right or doesn’t entirely suit their needs. But it happens far too often in my world world. Why?
Six months ago: Longueuil seeks $3B in downtown investment
Longueuil plans to have a major new downtown by 2035 that will be built around its existing Metro station. “It’s the type of project that comes only once in a lifetime,” Longueuil mayor Caroline St-Hilaire told a business audience at the Montreal Board of Trade’s recent Strategic Forum on Major Real Estate Projects.
One year ago: RioCan-Boardwalk JV just the start for retail REIT
RioCan REIT this month announced the creation of a joint venture with Boardwalk REIT to develop a mixed use tower on part of the retail REIT’s Brentwood Village Shopping Centre in Calgary. Rather than a one-off, the $70-million project is likely just the first of many such intensification schemes in the works for the country’s largest REIT.
| Property Biz Canada, Thursday, November 16, 2017 |
| Boardwalk plans to add up to 15,000 apartments Property Biz Canada, November 16, 2017 |
| H&R REIT to sell 91 U.S. retail, industrial properties Property Biz Canada, November 16, 2017 |
| Northview buys 1,250 apartments in 4 provinces Property Biz Canada, November 16, 2017 |
| Kingston’s Cornerstone Suites student housing for sale Property Biz Canada, November 16, 2017 |
| Is volunteerism an answer for cash-strapped municipalities? Property Biz Canada, November 16, 2017 |
| Six months ago: GTA a hotbed of housing development Property Biz Canada, November 16, 2017 |
| One year ago: Deerfoot City is taking shape in Calgary Property Biz Canada, November 16, 2017 |
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