The Globe and Mail recently reported that midtown Montreal is going through a bit of a transformation. The Park Extension area, located right in the middle of downtown and suburban Montreal, is a primarily industrial area. Multiple dilapidated buildings, however, are being torn down and replaced with contemporary structures. The purpose of this restructuring is
The Vancouver Sun recently reported that the city has got off to an excellent start in 2013 in the commercial real estate sector. In fact, with the first half of the year resulting in $724 million worth of investments across 58 transactions, demand is at near-record levels. This level of transaction is the highest the
The Globe and Mail published an interesting article recently. They indicated that this year sees the 20th anniversary of Canadian real estate investment trusts, better known as REITs. Born out of the commercial real estate collapse of the early 1980s and 1990s, REITs became an alternative to prospective investors who had little else to rely
An interesting article in the Financial Sense pointed out that there was once a time when the farming sector was a booming economic sector. As recently as the 1950s, the farming sector employed 20% of Canada’s workforce. Over the years, however, industrialization took its toll, and farming gradually became a diminishing market. Both in terms
The real estate market in Canada is a rapidly changing industry, with new technologies and software transforming how the market works. However, it is important to remember that behind this ground-breaking progress lies human intellect. These are the people who use their intellect and ambition to drive the progress of the market forward. The Financial
The Calgary real estate market saw a 28% rise in investments from the previous quarter, reaching a significant $925.52 million. However, the actual number of transactions was down by 16%. It would appear that Calgary has been relying more on the bigger investments, 94 of which totalled over $1 million. Out of all transactions, the
Recently, eminent brokerage firm Jones Lang Lasalle performed research to find out whether or not office space located near transit areas is more valuable. The results, as one would expect, show that tenants value office space located near transit at a much higher rate. Eleven markets in downtown Toronto were studied, and the results showed
Prospects are looking bright for Toronto real estate, as the latest quarter saw investors spend a record-breaking $4.9 billion in properties in the Greater Toronto Area. This is the highest amount of investing the market has seen since the 4th quarter of 2006, which saw the previous record-holding investment of $3.9 billion. This quarter’s results
The recent Calgary flood is one of the worst natural disasters to strike the city in quite some time. Property damage, in particular, has been extensive, a fact made clear by the landlords of various commercial and residential projects in the city. Bill Partridge, president of the Calgary Building Owners and Management Association, was able
YARDI recently launched the HOUSINGcafe application, a Web-based program that allows current and potential residents to go online and submit various documents and check their eligibility for “rent and income restricted housing programs”. Anant Yardi, president of YARDI, has stated that the application is potentially revolutionary, and will give housing providers and their clients an
