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Economy, interest rates, housing focus in Tal, Brethour update
Economy, interest rates, housing focus in Tal, Brethour updt.
CIBC Capital Markets managing director and deputy chief economist Benjamin Tal and PMA Brethour Realty executive chairman Andy Brethour closed the 2022 PMA-CIBC Summit Series of webinars by updating the Canadian economy and its impact on housing.
'New' Cominar launches Centropolis, its first development
Cominar has launched its first new real estate project since the former REIT was sold and privatized earlier this year.
Office vacancy rates climb in Toronto, Vancouver
Office vacancy rates in downtown Toronto and Vancouver are climbing quickly, as well-known businesses such as Plenty of Fish, Air Miles and PricewaterhouseCoopers LLP shed unneeded space amid the shift to remote work and economic uncertainty.
Office workers still missing from downtown Montreal
For the past two years, Michel Leblanc, president/CEO of the Chamber of Commerce of Metropolitan Montreal, tried to save downtown Montreal from pandemic-induced ruin – a fate the city centre avoided. Now comes the hard part: reviving its office culture.
Choice proposes 1,080-unit, three-tower TOD in Leslieville
Choice Properties REIT (CHP-UN-T) has proposed a mixed-use transit-oriented community in Toronto’s Leslieville. The Gerrard-Carlaw North project would include about 1,080 residential units, retail and office in three towers over a shared podium.
Ottawa developers win big after Ont. expands urban boundary
Of all the land around Ottawa's suburban edges Ontario designated for development earlier this month, one 37-hectare farm arguably came as the biggest surprise because the province's planning policies call for good farmland to be protected.
 | The Saskatchewan Edge Property taxes one of many benefits to setting up in SaskatchewanBarry StuartManaging Partner and Senior Sales Associate , ICR Commercial Real Estate |
New Ontario Place design contains more parkland
Vienna-based Therme Group, chosen to build a spa and waterpark at Ontario Place, has enlarged the proposed parkland that would surround its facility, submitting new plans with about 12 acres of publicly accessible pathways, gardens and a pier.
Black Friday, Cyber Monday divisions blur
When Shopify Inc.’s Harley Finkelstein surveys November’s retail landscape, he finds it hard to see where Black Friday stops and Cyber Monday begins. The annual pre-holiday sales blitzes have bled together in recent years.
Henry Singer to open 10K-sq.-ft. HQ in Edmonton
Henry Singer Fashion Group announced its new multi-million-dollar headquarters will be located in Edmonton's ICE District. The fashion house will occupy 10,000 square feet in Stantec Tower, Western Canada's tallest tower.
Montoni building aims for zero-carbon, LEED
Montoni Group, a Laval-based real estate developer and manager, is seeking to certify its latest building as a zero-carbon and energy efficient structure that illustrates the company’s progress in sustainability.
Starlight Investments halts distributions on two funds
Starlight Investments is halting monthly payouts on the U.S. Residential Fund (SURF-U-X) and the U.S. Multi-Family (No. 2) Core Plus Fund (SCPT-A-X), another sign higher interest rates are causing trouble across the real estate sector.
Evergrande sells planned HQ land for $1B
Embattled property giant China Evergrande has sold land earlier earmarked for its headquarters in the southern tech hub Shenzhen for $1 billion US, as it fights for survival.
Life science continues to grow in Texas
Headlines announcing major pullbacks in technology investments in Texas are sending shivers up the spines of the real estate and construction sectors. However, the state has a bright and steady future ahead in the medical services and biotech industries.
Tim Hortons goes upscale in London
When Tim Hortons opened its first branch in London on Canada Day this year, it had the best opening day of any of the iconic Canadian chain’s U.K. locations.
Cyber Monday set for U.S. record sales of $11.2B
Spending on Cyber Monday, the biggest U.S. online shopping day, is set to hit a record $11.2 billion, according to a report, as discounts on everything from clothes to TVs drive shoppers despite stubbornly high inflation.
Some mortgage interest rates up 250% Y-O-Y: RateHub
A homebuyer in 2022 could pay 250 per cent more in interest during the first year of their mortgage when compared to a buyer in 2021, according to a Ratehub.ca analysis.
Banks seek workarounds to avoid mortgage default
Canadian banks are attempting to ease the burden on homeowners who can’t keep up with the rapid rise in interest rates by extending mortgage amortizations and, in some cases, adding unpaid amounts onto the principal.
It's too soon to celebrate housing recovery
OPINION: It’s premature to start celebrating a housing market recovery. The rise in mortgage rates poses unexpected new risks for many borrowers, especially first-time homebuyers who opted for variable-rate mortgages with fixed payments.
New-build K-W price increase second only to Ottawa
According to Statistics Canada, the price tag attached to a new home in Waterloo Region has risen nearly 60 per cent since December 2016, more than double the provincial and national averages and second only to Ottawa.
Industry Events
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Western Canada Apartment Investment Conference
May 07 2024
Vancouver
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Edmonton Real Estate Forum
May 08 2024
Edmonton Convention Centre
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Land & Development Conference
May 28 2024
Metro Toronto Convention Centre
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Montreal Real Estate Forum
Jun 06 2024
Montreal
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Southwestern Ont. Real Estate Forum
Jun 13 2024
RBC Place London
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