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A look at key Canadian housing measures unveiled in 2016

Posted in Association News, Broker Listings, Broker Listings Atlantic, Broker Listings GTA, Broker Listings Ontario, Broker Listings Quebec, Broker Listings West, Broker Sales, Broker Sales Atlantic, Broker Sales GTA, Broker Sales Ontario, Broker Sales Quebec, Broker Sales West, CMHC, Development, Housing, Industry Trends, Legal, Legislation, Media Releases, Newsworthy, Real Estate Law, Tax Law

A look at key Canadian housing measures unveiled in 2016

It has been a busy year for government intervention into the Canadian real estate market, and not just the hottest Toronto and Vancouver regions as many of the policy changes impact homebuyers across Canada. Below, BNN looks back at the highlights of 2016 Canadian housing policy.   Feb. 15 – Down payment hike – Announced in December of 2015, Ottawa raised the minimum down payment requirement for homebuyers to 5 per cent of the purchase price up to $500,000 and 10 per cent of any amount...

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How Canadian investors are taking over Manhattan

Posted in Appraisal, Broker Listings, Broker Sales, Development, Finance, Industry Trends, Newsworthy

How Canadian investors are taking over Manhattan

Despite the falling Loonie, Canadians have bought a record $3.8 billion worth of Manhattan real estate in 2015. Among their prizes: the largest private real estate development in U.S. history. By: Bloomberg News Canadians are invading Manhattan. The country’s largest real estate investors have bought a record $3.85 billion in property this year in the New York city borough and spent more than any other foreign country in the last decade, according to data from Real Capital Analytics Inc. The...

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Boardwalk unloads last B.C. holdings

Posted in Broker Listings, Broker Sales, Development, Finance, Housing, Newsworthy

Boardwalk unloads last B.C. holdings

Canada’s biggest residential landlord has unloaded all its British Columbia rental property in a $140 million blockbuster deal that closed May 29. “This is the largest multi-family deal of this year in B.C., maybe of this century so far,” said Lance Coulson of CBRE Ltd. National Apartment Group, Vancouver, who helped broker the four-property sale for Calgary-based Boardwalk Real Estate Investment Trust (BEI.UN TSX). The portfolio includes two concrete apartment towers in Burnaby’s Metrotown, a...

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Will the condo bubble affect the rental market?

Posted in Broker Listings, Development, Housing

Will the condo bubble affect the rental market?

Report warns of excess supply of rental units in Toronto and Vancouver Canada’s rental market is on a downward slope but is not headed for a crash, a new report concludes. The demand for rental units peaked nationally in 2012, according to an analysis that will be released Thursday by Canadian Imperial Bank of Commerce economist Benjamin Tal. Toronto hit its pinnacle in 2012, while Vancouver did so last year. The large number of condos that are still being built in both of those cities will...

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HBC proceeds with REIT spinoff after Fairview deal

Posted in Broker Listings, Broker Sales, Finance, Media Releases, Newsworthy

HBC proceeds with REIT spinoff after Fairview deal

Hudson’s Bay Co. is forging ahead with plans to spin off a real estate investment trust, as retailers continue to seek ways to unlock value from their properties. Some industry players questioned whether a REIT would still be in the works after HBC announced on Monday it is selling one of its best locations, the flagship Queen Street store in Toronto, to Cadillac Fairview Corp. Ltd. But HBC says the deal is intended to pave the way for a spinoff. “We are seriously focused on a REIT going...

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CAPREIT expands into new markets

Posted in Broker Listings, Media Releases, Newsworthy

CAPREIT expands into new markets

Charles Mandel | Property Biz Canada In the past few months, Canadian Apartment Properties Real Estate Trust (CAP.UN-T) has moved into three new markets: Dublin, Ireland, New Brunswick and Prince Edward Island. “We continue to increase the size and scale of our property portfolio, having already exceeded our annual target of acquiring between 1,500 and 2,000 suites and sites this year,” Thomas Schwartz, the REIT’s president and CEO, said in a statement. “More importantly, with recent purchases...

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First Hollyburn Building Acquisition of 2014 – Toronto

Posted in Broker Listings, Broker Sales

First Hollyburn Building Acquisition of 2014 – Toronto

Pleasant Manor – 501 Mount Pleasant Road, Toronto Pleasant Manor is a quaint four storey walk-up in a lovely residential neighbourhood in midtown Toronto that surrounds a vibrant stretch of restaurants, cafés, and boutique shops.  The building in popular Mount Pleasant, offers 13 studios and 15 1 bedroom apartments for rent, a welcome addition to Hollyburn’s growing rental community. Hollyburn’s most recent acquisition, on the corner of Mount Pleasant and Millwood Road, features spacious...

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Skyline Apartment REIT Moves Into the City of Stratford, Hits 10,000 Unit Milestone!

Posted in Broker Listings, Broker Sales, Newsworthy

Skyline Apartment REIT Moves Into the City of Stratford, Hits 10,000 Unit Milestone!

Skyline Apartment REIT Moves Into the City of Stratford, Hits 10,000 Unit Milestone! On Friday, December 20th 2013, Skyline Apartment REIT purchased two properties in the beautiful city of Stratford, ON. The first property, located at 136 Ontario Street, had a purchase price of $10.185M and comprises 53 units, with an additional 11,049 square feet of commercial space. The second property at 42 Campbell Court had a purchase price of $6.615M with 78 units. The acquisition of these two properties...

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Starlight Investments Ltd. Expands Portfolio in Mississauga

Posted in Broker Listings, Broker Sales

Starlight Investments Ltd. Expands Portfolio in Mississauga

Starlight Investments Ltd. Expands Portfolio in Mississauga 100 DUNDAS STREET EAST, MISSISSAUGA, ONTARIO Starlight Investments Ltd. (“Starlight”) is pleased to announce that it has completed the acquisition of a 169 unit multi-family complex, located at 100 Dundas Street East in Mississauga, Ontario. The property (the “Property”) is a thirteen-storey high-rise located near the city centre, only minutes away from the popular Square One Shopping Centre.  The Property’s location provides...

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Starlight Investments Ltd. Expands Downtown Toronto Portfolio

Posted in Broker Listings, Broker Sales

Starlight Investments Ltd. Expands Downtown Toronto Portfolio

Starlight Investments Ltd. Expands Downtown Toronto Portfolio Starlight Investments Ltd. (“Starlight”) is pleased to announce that it has completed the acquisition of a 35 unit multi-family residential building with street level retail, located at 77 Wellesley Street East in downtown Toronto, Ontario. The property (the “Property”) is a four storey low-rise building located on the southwest corner of Church Street and Wellesley Street East. The Property is located  in the heart of a vibrant and...

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