Asking rents in the five largest American cities of New York, Los Angeles, Chicago, Houston and Phoenix appear moderately to dramatically steeper than Canadian tenants typically pay.
A surging industrial sector helped to counterbalance slipping retail values and push up 2018 investment returns on Canadian commercial real estate.
Renovations or retrofits to an investment property that increase rents and/or decrease operating costs may also increase a property’s value. Cost and value, however, are not synonymous, and not all renovations are as profitable as one might expect.
As 2019 begins, Canadians continue to face a well-chronicled slate of challenges when it comes to finding affordable rental housing. Here, housing experts share their insights...and even a few solutions.
Tax ratios for 11 of Canada's largest cities demonstrate that commercial ratepayers consistently carry a disproportionate share of the municipal property tax burden.
Planning to build a retirement home? CMHC recommends developers consider the following key factors before investing in on-site services and amenities.
Senior ranking valuation specialists agreed that new uncertainties around fraying trade agreements, political instability and climate volatility have broadened the scope of their worries well beyond rising interest rates.
The new rules capture the demographic of investors who own small low-rise residential or mixed-use commercial-residential buildings as a sideline to their main business ventures.
According to a recent market report from Avison Young, Canada's commercial real estate sector continues to possess varying, but largely healthy, property market fundamentals across the country's regions and asset classes.
According to CMHC's 2017 Rental Market Survey, the average vacancy rate for purpose-built rental apartment units across Canada decreased from 3.7 per cent in October 2016 to 3.0 per cent in October 2017.
Overall, the Canadian real estate industry continues to be performing well with the apartment sector holding strong, according to the 2018 Emerging Trends in Real Estate report, published by PwC Canada and the Urban Land Institute
This annual look at the apportionment of the tax burden gives a more complete picture of the pressures on the commercial and multi-residential sectors than simply referencing property tax rates.
Rising in Toronto’s opulent Yorkville neighbourhood is Two St. Thomas, a joint venture between Bentall Kennedy and KingSett Capital. The $130-million 26-storey tower made of glass, stone, wood and copper is the picture of modern sophistication, as imagined by Hariri Pontarini Architects.
Above average transaction volumes, persistent demand, and foreign capital have been driving Canada's commercial investment property market in 2017, according to a recent report issued by Morguard Corporation.
In an effort to help increase the province’s supply of affordable housing and protect renters from what many are calling exorbitant rent hikes, the Ontario Government has announced a comprehensive package of measures in its just-released Fair Housing Plan.
2016 was a monstrous year for Canadian real estate, and it’s hard to imagine what the implications of another recording-breaking year will have on the red-hot rental market.
Maintenance fees are based on historic norms, stable benchmarks and logical predictions. What happens when those predictions no longer fit the weather?