As reported in RHB Magazine (Rental Housing Business), Vancouver is in pace to lose its status as Canada’s second largest housing market to Montreal. It is still Canada’s most expensive city for housing; however, a recent breakdown in sales has led the value of real estate dealings significantly lower. That in turn leaves Montreal’s rising... Read more »
Montreal’s real estate market hit a 10-year high, with total sales increasing eight percent on the island of Montreal and exceeding 20 per cent in five of the city’s boroughs. Montreal even beat out Toronto and Vancouver, the first time since 1998. Condo sales powered most of the growth, with more than 14,000 condos changing... Read more »
According to CBRE Toronto, the commercial real estate market has been prospering in the first quarter of 2017.
According to CBRE Ottawa, the year of 2017 is expected to be one of the largest ones in history for the commercial industry in the city, with a predicted $1.4 billion in transactions.
As vacancy rates rise, business in Toronto are looking for office space beyond the traditional core, according to Newmark Knight Frank Devencore’s 2015 Real Estate National Office Market Report. The office vacancy rate for class-A and class-B office vacancy has spiked 6.8 per cent in the first half of 2015, while 2.5 million square feet... Read more »
According to a new report by PwC and Urban Land Institute, the real estate market in 2014 will remain strong, especially in Toronto and Calgary. The report states that the demand for retail, office and residential space near public transit will continue. The report also states that rental apartments haven’t been negatively affected by condominium... Read more »