Monday, June 17, 2019

Latest News

Canadian home sales rise again in May

    Ottawa, ON, June 14, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales climbed further in May 2019. Highlights: National home sales rose 1.9% month-over-month...

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A look at Toronto’s 5 largest new or under-construction office buildings

    As reported in the Vancouver Sun, When compared to their North American office market peers such as San Francisco, Boston, Miami and Washington D.C., developers in Toronto are building far more office space these days, but...

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New bylaw will force developers to fund social, affordable housing in Montreal

    As reported on CTV News, real estate developers will soon have to create or fund social and affordable housing if they want to build in Montreal. Projet Montreal passed a new housing bylaw Wednesday, following through on a...

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Hong Kong developer walks away from HK$11.1 billion Kai Tak project

    As reported in the South China Morning Post, the Hong Kong developer that beat out several of the city's biggest and wealthiest property groups for a commercial plot at the former runway of the Kai Tak airport in May has had a...

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Architects of their own misfortune? Building design approval draws lawsuit against City of Langford

    As reported on CBC News, B.C.'s architectural watchdog is suing the City of Langford, just west of Victoria, over a five-unit townhome complex that was approved without the input of an architect. The Architectural Institute of...

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Canadian housing starts trend decreased in May

    OTTAWA, June 10, 2019 /CNW/ - The trend in housing starts was 201,983 units in May 2019, compared to 205,717 units in April 2019, according to Canada Mortgage and Housing Corporation (CMHC). This trend measure is a six-month...

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Oil woes have Calgary landlords turning empty offices into apartments

    As reported on Bloomberg.com, when the lease on an Alberta Health Services office in Calgary came due for renegotiation two years ago, the rental market was so bad that trying to keep the tenants wasn’t worth it. Instead,...

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Vancouver condo developers offer free wine or year’s supply of avocado toast to woo buyers

    As reported in The Globe and Mail, it wasn’t that long ago that prospective homebuyers in Vancouver would line up for hours to get into condo presale events or face off in heated bidding wars for a chance to buy property in one...

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Developer plans 23-storey residential towers project in former Saskatoon parking lot

    As reported in the Saskatoon StarPhoenix, what could be Saskatoon’s largest single residential development project has been proposed for a vacant lot in the City Park neighbourhood, according to a city report. Saskatoon...

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