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Six Cadillac Fairview towers earn LEED status

Six Cadillac Fairview office towers in Vancouver, B.C. have received LEED certification, including five at the Gold level. “Our tenants want greener, more cost effective

CondoBusiness

Plans for Canada’s second tallest tower unveiled

In partnership with Mizrahi Developments, London-based Foster + Partners recently unveiled their design plans for "The One," a development which, if approved by City Council, will feature Canada's second tallest tower next to the CN Tower. Following a successful approval process, the 80-storey mixed-use development will be constructed at 1 Bloor St. W, the site of Toronto’s historic Stollerys retail shop.

REMI Network

Energy standard for data centres up for review

A proposed energy standard from ASHRAE known as the Energy Standard for Data Centers and Telecommunications Buildings, is open for its first public review until

CondoBusiness

Household debt levels a cause for concern: report

A new report from the International Monetary Fund (IMF) is raising concerns about the stability of Canada’s housing market. According to the global economy forum, Canadian household debt levels are among the highest recorded in Western countries.

REMI Network

Canada Renewable Bioenergy Corp. new COO

Denis Pelletier has been appointed chief operating officer of the Canada Renewable Bioenergy Corp. Since March 2014, Pelletier was a consultant for the company, working

CondoBusiness

Ottawa home sales down in February: OREB

According to data from the Ottawa Real Estate Board, a total of 853 residential properties were sold in Ottawa during the month of February, a decrease of 1.7 per cent from the year prior. The sales figure is also below the five-year average for February, which is 914 units.

Canadian Apartment Magazine

Ottawa is Canada’s hottest rental market: Colliers

According to the 2014 Multi-Family Real Estate Report from Colliers International, the total number of sales transactions in Ottawa’s multi-family sector grew 61.54 per cent last year, making it one of the most attractive rental markets in Canada. At the same time, the total dollar value of multi-family asset transactions rose 33 per cent, year-over-year.

Canadian Facility Management & Design

Ontario architects name new president

The Ontario Association of Architects (OAA) has appointed a new president to its team. Toon Dreessen, a partner at Ottawa-based Farrow-Dreessen Architects Inc., brings experience in commercial, retail, office, industrial and institutional architecture to the role.

Canadian Facility Management & Design

Developers shortlisted for GTA hospital addition

Phase one of the Etobicoke General Hospital redevelopment is one step closer to reality as choices for potential developers and their respective design, build, maintenance and finance teams have been narrowed. The Patient Tower Project will be developed by one of three shortlisted candidates, including EllisDon Capital Inc., Fiera Axium Infrastructure Canada II LP and DIF Infra 3 Canada Ltd., and Plenary Group (Canada) Ltd and PCL Investments Canada Inc.

REMI Network

Endangered Guelph heritage building gets owner

The landmark Petrie Building in downtown Guelph, Ontario, is set to be restored after being listed as one of the National Trust’s Top Ten Endangered

REMI Network

GTA drives Ontario construction growth in 2015

Although Ontario faces a $16 billion construction economy related to industrial, commercial and institutional (ICI) developments, the recently released Ontario Construction Secretariat’s (OCS) annual Construction

Canadian Property Management

Ivanhoé Cambridge buys U.K. office complex

Ivanhoé Cambridge has purchased a high-quality, neo-gothic office building in London, England’s EC3 neighbourhood. The Prudential-built property, constructed in the early 1990s, is part of a

Canadian Facility Management & Design

Saskatchewan long-term care centre now open

A $22-million long-term care facility has officially opened in Radville, Sask., six years after the provincial government announced it would be replacing 13 long-term care centres across the province. The Radville Marian Health Centre features 25 long-term care beds, five of which are multi-purpose (used for observation, respite or palliative care), and emergency services.

Canadian Facility Management & Design

$2.5-mil medical clinic opens in Newfoundland

A new $2.5-million medical facility has officially opened near Boat Harbour on the Burin Peninsula, N.L. The 4,000-square-foot building, known as the Placentia West Medical Clinic (Placentia West), will provide medical and community health services to approximately 3,000 residents in the surrounding communities.

CondoBusiness

Montreal condo sales up over last year: GMREB

According to the latest residential real estate statistics from the Greater Montreal Real Estate Board (GMREB), condo sales in the Montreal Census Metropolitan Area (CMA) increased by three per cent, year-over-year, in February. Total residential sales, which includes single-family homes, plexes, and condominiums, reached 3,281 units in February, a figure representing no change from the year prior.

CondoBusiness

Housing starts decline in February: CMHC

Multi-unit urban housing starts reached 86, 214 units in February, shifting downward from the 115, 123 starts reported in January, according to the Canada Mortgage and Housing Corporation’s latest Preliminary Housing Start data. In eight of the ten Canadian provinces, all housing types experienced a decline in month-over-month housing starts.

CondoBusiness

Housing bubble definition inconclusive: report

A new report from Fortress Real Developments (Fortress) revealed that two-thirds of market experts agree that a major housing correction is not in the cards for Canadians over the next five years. In fact, the report, which sourced data from a variety of professional resources, said that analysts could not agree when it came to defining a “housing bubble.”