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B.C.'s Southlands development expands amid shifting economy

1 year ago

B.C.'s Southlands dev. expands amid shifting economy

Development at the 530-acre Southlands master-planned community in Tsawwassen on B.C.’s West Coast continues to progress despite recent economic headwinds.

GTA developers talk housing bubble, labour, economy ...

Five top executives joined RARE Real Estate co-founder Ryan Rabinovich to discuss housing in the Greater Toronto Area at the third annual Dive In With Developers fundraising event at the Aga Khan Museum on Oct. 24.

Cityzen JV wants to build 4 res. towers on T.O. golf course

Developers Cityzen, Tercot Communities and Greybrook want to convert the private Flemingdon Park Golf Club, in Toronto’s Don Valley, into four Hariri Pontarini-designed towers ranging from 42 to 56 storeys tall and containing a total of 2,500 homes. 

Retail trends include downsizing, outsourcing shipping

According to Michael Ward, chief executive of IKEA Canada, big-box retailers are adopting new methods of fulfillment, in part through the establishment of smaller stores in downtown areas and working with third-party providers to handle fulfillment.

Avenue 31's National Capital Business Park springs to life

Through a creative leasing agreement with the National Capital Commission, Avenue 31, an Ottawa real estate, development and investment company, is transforming a federally owned 99-acre parcel of land just inside the greenbelt into the National Capital Business Park.

Taggart reduces proposed height of two Ottawa res. towers

Taggart Realty Management filed a application to reduce the height of proposed high-rises at 1081 Carling Ave. in Ottawa from 22 and 28 storeys to 16 and 25 storeys, respectively. The complex would feature 414 residential units, down from 460.

CRE brokerage: in women's line of sight

CRE brokerage offers a wide landscape of opportunities where women can develop an impressive track record of success and build meaningful, impactful, and dynamic careers.

Sponsored by: JLL

Expect to be in the office more often than not: Survey

The professional workforce is currently split between one-third working from home, one-third on a hybrid model and one-third in the office five days a week, according to Future of Work Trend Report: a Staples Professional survey of employees and employers.

Joe Fresh settles into new Toronto headquarters

As it welcomes employees back to the physical workplace, Joe Fresh has a new 45,208-square-foot Toronto headquarters at 2 Fraser Ave. in Liberty Village. The Loblaw-owned clothing and accessories brand's modern office is filled with open spaces.

Second City to unveil new home in Toronto

The Second City is to officially open its new location at One York Street on Nov. 30. The sprawling 28,700-square-foot venue will feature three theatres, nine training centre studios, a restaurant and an ode to the company’s colourful past.

Five top towns for real estate investors in 2023

No. 1, Calgary: With 2,600 new high-paying jobs pledged in September alone, real estate prices a fraction of Vancouver, no rent controls and oil prices flirting with US$100, Alberta's biggest city is ripe for real estate investors.

Top 10 upcoming Ontario and Quebec construction projects

A listing of the top-10 major upcoming Ontario and Quebec construction projects. They are all in the planning stage and are mainly new projects, but may also involve additions and/or alterations.

Atlas agrees to higher $10.9B buyout by Fairfax JV

Asset manager Atlas Corp. (ATCO-N) will be bought by Poseidon Acquisition Corp. in a deal valued at $10.9 billion. Poseidon comprises Atlas’ board chairman David Sokol, affiliates of Canadian investment company Fairfax Financial Holdings Ltd. (FFH-T) and others.

Remote work saves companies a ton of money: Report

Turns out that not only do workers save money by working remotely — limiting transportation costs and the temptation to spend on fancy lunches — the trend may also help companies, too, according to Lemon.io, a marketplace of vetted software developers.

Embattled Evergrande looks for salvation in budget EVs

Embattled Chinese real estate company Evergrande, the world’s most indebted developer, is seeking escape from its enormous liabilities through unusual means: a new line of budget electric vehicles (EVs).

Miami Beach condo building evacuated near deadly collapse

An evacuation order has abruptly forced out residents of a 14-storey oceanfront building on the same avenue where a condominium collapse killed nearly 100 people last year.

GTA pre-construction condo sales plummet

Pre-construction condo sales plunged 79 per cent year over year in the third quarter amid soaring interest rates and construction costs that sent Toronto region developers to join their customers on the market’s sidelines, Urbanation reported Monday.

T.O.'s housing market transforming the rest of Canada

Since the mid-2010s, Toronto’s housing shortage has driven families to move out of the GTA, to cities like Kitchener and Woodstock. Now, as remote work becomes the norm, we’re seeing more families are moving to Alberta and Atlantic Canada. 

Forcing brokers onto MLS probably a good thing

OPINION: A policy change by the Canadian Real Estate Association (CREA) will soon require participating brokerages to list almost all residential resale properties on the Multiple Listing Service (MLS), thereby preventing some realtors from marketing properties privately.

Rising rates make HELOCs too expensive

OPINION: The Bank of Canada’s campaign to pound down inflation using interest rate hikes raises the cost of using the HELOCs and everything else in the borrowing toolshed. The heyday of the HELOC is done for now.

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