A logistics facility being constructed in the GTA city of Mississauga takes space optimization, and automated storage and retrieval systems to new heights. It won’t be long before these types of buildings are much more common.
Canada’s population grew by 531,000 from August 2018 to July 2019 – the largest 12-month increase in our history according to Statistics Canada. That growth is having an enormous impact on the residential housing market says Ben Myers of Bullpen Research & Consulting.
Canadian developers are making record investments in new high-rise developments while turning away from detached homes, a shift that is not exclusive to larger markets where affordability concerns have persisted for years.
In downtown Vancouver sits the skeleton of the former Canada Post building. QuadReal Property Group‘s The Post will include more than one million square feet of office space, more than 185,000 square feet of retail space and two towers.
The community of Bankview is known for its views of downtown Calgary. However, some residents say they are tired of being surrounded by a mess that is driving down their property values and bringing social disorder to their street.
Menkes Developments, in partnership with Healthcare of Ontario Pension Plan (HOOPP) and Sun Life Financial, announced the new address of legendary comedy institution The Second City will be One York Street. The comedy company is set to occupy 28,700 square feet.
Barrhaven’s city councillor Jan Harder has spearheaded a plan to create a downtown for the Ottawa suburb, and she sees a new performing arts facility and library at its heart.
Customers at Junior’s Barbershop on Davie Street are lined up eight deep at noon on a Thursday, some lounging on leather couches in the waiting area of one of a growing list of such shops in the downtown core.
Avison Young principal Justin Piasecki was one of the firm’s very first hires in 2012. Today he leverages the firm’s global footprint and collaborative approach to deals to execute transactions from coast to coast.
The accompanying table records the 10 largest construction project starts in Canada in October 2019. Also included is the latest trend graph on starts. This looks at 12-month moving totals of the civil and non-residential building categories in Canada.
Northview Apartment REIT (NVU-UN–T), one of the North’s biggest landlords, has begun an internal review and hired an independent auditor in the wake of a CBC investigation that found tenants were charged thousands of dollars worth of illegal “pet fees.”
WeWork launched its first shared office space in New York in 2010. By 2019, negative publicity saw the company’s valuation to drop from $47 billion in January to $10 billion by September. Here’s what happened:
Oxford Properties has sold a North Sydney office tower to Abacus Property Group for $280 million Cdn. The sale of 99 Walker St. closes Oxford Properties’ programme of asset disposals from a portfolio it inherited through the Investa Office Fund takeover.
Brookfield Asset Management (BAM-A-T) has retained the top position in the global real estate investment management industry for the seventh year in a row with $259 billion Cdn assets under management. The Toronto-based investment manager leads a mini-league of companies.
Charles Schwab Corp. said it would acquire TD Ameritrade Holding Corp. in an all-stock transaction the companies say is valued at about US$26 billion deal and will reshape the retail brokerage business.
“Rent-to-own homes” isn’t a new idea in places like Britain or the U.S. The rent-to-own opportunity was certainly welcome news to Metro Vancouver renters when UDI member Panatch Group offered this innovative solution in January 2019 for its 50 Electronic Avenue project.
“This glorification of homeownership is this odd North American thing that’s counterproductive economically and socially,” Evan Siddall, president and chief executive of Canada Mortgage and Housing Corp., says. “If you are an owner versus a renter, (society) neglect(s) you.”
A City of Vancouver staff report on the fairness and effectiveness of the empty homes tax has found “key stakeholders,” as well as housing and tax experts, agree the tax is performing as intended and the existing rate is appropriate.