Real Estate
Canadian Apartment Magazine
Canadians buy into U.S. multi-family market
Canadian investors poured approximately U.S. $1.3 billion (CAD $1.7 billion) into U.S. multi-family acquisitions in the first half of 2015, representing more than 30 per cent of foreign investment in the sector.
REMI Network
Calgary cap rates take divergent trajectory
With a few notable exceptions, cap rates remained stable or declined for most property types and classes in Canada's major real estate markets during the first half of 2015.
REMI Network
Devalued yuan hits Chinese property developers
Chinese property developers with foreign currency financing face both diminished revenue and higher debt service costs following the recent devaluation of the yuan.
CondoBusiness
Vancouver condos lure ultra-wealthy homebuyers
Luxury market analysts conclude Vancouver is well positioned to attract more ultra-wealthy homebuyers who face economic and/or political turmoil in their own countries.
CondoBusiness
Harper pledges to help first-time home buyers
Prime Minister Stephen Harper unveiled a pledge Wednesday to raise the Home Buyers’ Plan withdrawal limit from $25,000 to $35,000 if re-elected.
REMI Network
Skyline to acquire Renaissance Cleveland Hotel
The U.S. $20-million deal for the 97-year-old landmark in downtown Cleveland is slated to close in October 2015.
CondoBusiness
Investors exit syndicate mortgage for SoBa condo
Centro Mortgage Inc. recently announced the exit of investors in a syndicate mortgage for a Fortress Real Developments Inc. project in Ottawa.
CondoBusiness
Calgary’s lower housing demand to persist: CREB
Calgary’s low housing demand is expected to persist through to the end of 2015, according to the Calgary Real Estate Board's mid-year forecast for 2015.
CondoBusiness
GTA condo sales up 14.4 per cent annually in July
July’s 2,429 condominium apartment sales in the GTA marked a 14.4-per-cent year-over-year increase, reports the Toronto Real Estate Board (TREB). Overall, last month’s home sales for the region
REMI Network
New product drove Q2 condo sales in the GTA
A total of 6,297 new condominium units were sold in the Greater Toronto Area during the second quarter of this year, according to Urbanation.
Canadian Facility Management & Design
RICS to train IMF’s facility management staff
Under a newly signed agreement, facility management staff from the International Monetary Fund (IMF) will be trained by RICS.
REMI Network
Atlantic focused REITs propose friendly deal
PRO Real Estate Investment Trust (PROREIT) will acquire Boulevard Industrial REIT in a friendly transaction, pending approval of the majority of Boulevard unit-holders.
Canadian Property Management
BOMA Québec champions real estate innovators
Three winners emerged from BOMA Québec's inaugural Real Estate's Cleverest contest, devised in cooperation with L'Université du Québec à Montréal (UQAM) Ivanhoé Cambridge Chair in Real Estate.
REMI Network
Celestica to sell Toronto property to developers
Celestica has entered into a $137-million agreement to sell the property where its Toronto corporate headquarters and manufacturing operations are located.
REMI Network
Condo rentals up 20 per cent from last Q2: TREB
The Toronto Real Estate Board reports that 8,821 GTA condo rentals occurred through the MLS system in Q2-2015, a 20.3-per-cent year-over-year increase.
CondoBusiness
Condo sales up 17 per cent from last Q2: TREB
The Toronto Real Estate Board (TREB) reported 7,656 condominium apartment transactions through TREB’s MLS system in Q2-2015, a 17-per-cent increase over the same period in 2014.
REMI Network
Suburbs top performer in Q2 GTA office market
The suburban office market outperformed the downtown and midtown markets in the Greater Toronto Area (GTA) in the last quarter.
