Commercial Real Estate

Unit 420

In five months or so Mr. Socks will make weed legal. This has a whole lot of landlords freaking out. If you believe the hyperbole our new dope culture could make finding a rental harder and a whole lot less pleasant. For the people who own the property, it carries (they say) the potential for disa ...

New Issue: MFC FixedReset, 4.70%+255

Manulife Financial Corporation has announced: a Canadian public offering of Non-cumulative Rate Reset Class 1 Shares Series 25 (“Series 25 Preferred Shares”). Manulife will issue 10 million Series 25 Preferred Shares priced at $25 per share to raise gross proceeds of $250 million. The offering ...

Morons

Allan is amused at this pathetic blog. He read the post last week about that trash listing in hipster Toronto asking $750,000, and said, “it probably wouldn’t even warrant a Tweet here in Sydney, since sometime in 2016…” The Australian is correct. We’re nuts, real estate-obsessed and ter ...

New Issue: BIP FixedReset, 5.00%+300M500, ROC

Brookfield Infrastructure has announced: that it has agreed to issue 8,000,000 Cumulative Class A Preferred Limited Partnership Units, Series 9 (“Series 9 Preferred Units”) on a bought deal basis to a syndicate of underwriters led by CIBC Capital Markets, BMO Capital Markets, RBC Capital Market ...

No Vacancy

 By Guest Blogger Doug Rowat Toronto’s now the new Manhattan. The CBRE reported this week that the downtown Toronto office vacancy rate had hit a record low of 4% as strong demand from tech companies, amongst other industries, continues to make finding good office space in our fine city very d ...