Canadian Bubble

Downtown Vancouver office space a ‘landlord’s market’

Downtown Vancouver is entering an extended period without any major office tower openings, even as demand for workspace continues to rise, say local commercial property stakeholders. Burrard St. in downtown Vancouver. (Google Maps image) The downtown office vacancy rate is forecast to drop below ...

Is this really the end for Toronto real estate rally?

A roundup of what The Globe and Mail’s market strategist Scott Barlow is reading today on the Web ...

Canadian home sales edge up again in October

Ottawa, ON, November 15, 2017 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales posted a modest monthly increase in October but remain below levels recorded one year ago. Highlights: National home sales rose 0.9% from September to Octobe ...

Commercial real estate bull run to continue: Morassutti

Canada’s bull run in commercial real estate shows no signs of abating despite ongoing threats to NAFTA and concerns over Canada’s overheated housing market, said CBRE’s executive vice-president at an annual market and economic update in Vancouver this week. Paul Morassutti is the executive v ...

Sears’ demise reflects department store retreat, retail evolution

The end of Sears Canada marks a serious blow to the department store business model but opens up new opportunities for landlords and anchor tenancies, retail and real estate experts said recently at a Vancouver panel. Last month, Sears Canada received court approval to liquidate its remaining 130 C ...

Best Canadian Stocks 2018: All Stars

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Artis sells 4 Alberta office properties, hits strategic goal

Artis Real Estate Investment Trust (AX.UN-T) has sold four more office properties in Calgary and Red Deer, completing its goal to reduce the trust’s Alberta office weighting to less than 10 per cent of its portfolio. The sale of the Quarry Park portfolio in Calgary and the Millennium Centre in ...

The Canadian Real Estate Association names Michael Bourque as new Chief Executive Officer

Ottawa, ON (October 27, 2017) – The Canadian Real Estate Association (CREA) today announced that Michael Bourque has accepted the role of Chief Executive Officer (CEO), effective later this year. “On behalf of CREA’s Board of Directors, we are delighted Michael accepted the role of CEO,” sa ...

Home ownership rate in Canada on the decline: census

OTTAWA — Not everyone wants to own a home these days, Evan Siddall concedes — not even his own millennial-age son. For the head of the Canada Mortgage and Housing Corp., that’s really saying something. But Siddall’s experience is far from uncommon, the latest census figures show: 30-year- ...

REIT investing: The risks of chasing returns

Q: My wife and I are both retired. She is 70 and I am 76. Our residential house is paid off and so is our rental condominium which gives us a net income of about $5,000. We have cash investments of about $650,000 at a financial institution which has not done well the past year, giving a return of ...