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Development

Aquilini purchase of Olympic Village condos seen as pure real estate deal

Posted in Development, Housing

Aquilini purchase of Olympic Village condos seen as pure real estate deal

Sports team owners often buy land near their teams’ home arena, so the Aquilini Group’s decision to buy 67 Olympic Village condos for $91 million fits a pattern. But sports business experts feel the Vancouver Canucks owners’ move to snap up the False Creek residences — not far from the team’s Rogers Arena home base — is more of a quick real estate play than a long term business plan to boost revenues. Los Angeles Kings owner AEG invested heavily in land near the club’s Staples Center home rink...

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Investing in Secondary and Tertiary Markets: Best Practices

Posted in Development, Finance, Housing, Industry Trends

Investing in Secondary and Tertiary Markets: Best Practices

Applying the same rules of primary-market investing won’t work here. These assets require a down-in-the-weeds approach to obtain the best value. There are robust opportunities to be had by investing in multifamily assets located in secondary and tertiary markets. Yet, in order to realize the attractive risk-adjusted yields many anticipate achieving in these markets, it’s imperative to vet these opportunities differently from primary markets. If underwritten correctly, these alternative markets...

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16 dazzling photos of Calgary from the sky

Posted in Development

16 dazzling photos of Calgary from the sky

Following up on BuzzBuzzHome’s  pictorial look at Calgary’s ever-evolving skyline, we take a step back and enjoy the Stampede City from the air and space. For added perspective, each aerial shot is accompanied by a quick fact about Calgary, sourced primarily from the 2011 census and the official city website. Calgary sits more than one kilometer above sea level, 1,084 metres to be precise. (Source: Environment Canada) Ca. 2012 Photo: NASA When Calgary was first incorporated in 1884 — then...

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Timeline: A look through the years of Canadian housing bubble fears

Posted in Appraisal, CMHC, Communications, Development, Finance, Housing, Industry Trends, Legislation, Milestones, Newsworthy

Timeline: A look through the years of Canadian housing bubble fears

The Canadian real estate market’s ups and downs have attracted plenty of local and international speculation over whether there’s a housing bubble. To better make sense of the last roller coaster-like five years, BuzzBuzzHome.com put together a timeline of all the bubble trouble. Find out more about the players who are calling for the big pop or the quiet cool down, as well as some of the market milestones, big changes and the things that never seem to change…like the Bank of Canada’s interest...

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HealthLease REIT takes young approach to seniors’ housing

Posted in Development, Exterior Building, Furnishings, Housing, Interior Building, Recreational, Senior Housing

HealthLease REIT takes young approach to seniors’ housing

The biggest difference between the Canadian-traded REIT and most of its competitors is the age of the facilities in its portfolio: HealthLease wants to own only relatively new and modern seniors’ buildings and boasts of having “one of the youngest and highest-quality portfolios of seniors housing and care facilities” on the continent. Health Lease REIT“I don’t think anyone has a portfolio nearly as young as ours,” said Scott White, the REIT’s executive vice-president of finance. “The average...

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Multi-family starts balloon in Calgary area

Posted in CMHC, Development, Housing, Industry Trends

Multi-family starts balloon in Calgary area

New construction up 212% from a year ago An exceptionally strong month for new multi-family construction pushed overall housing starts in the Calgary region up by 87 per cent in March compared with last year. Canada Mortgage and Housing Corp. reported Tuesday that total starts in the Calgary census metropolitan area rose to 1,667 units during the month from 890 in March 2013. The multi-family sector saw starts rise by a whopping 212 per cent to 1,217 units from 390 a year ago but the...

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2014 RHB APARTMENT GUIDE: EXTERIORS

Posted in Development, Exterior Building, Industry Trends, Insurance, Maintenance, Ministry Of Labour, Newsworthy, Professional Services, Restoration, Retrofit, Roofing

2014 RHB APARTMENT GUIDE: EXTERIORS

The 2014 RHB Apartment Guide – Exteriors serves to inform Canadian apartment building owners and managers on how to maintain, renovate and upgrade their properties, with the focus on the building’s exterior. This guide provides strategies, direction and tips on what to do, what to look for and what to avoid, as well as the importance of building maintenance and capital work. To ensure that this guide contains the most current and pertinent information, RHB worked in collaboration with Geoff...

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Benjamin Tal: “The lack of publicly available information … is mind-boggling.”

Posted in CMHC, Development, Finance, Housing, Newsworthy

Benjamin Tal: “The lack of publicly available information … is mind-boggling.”

As Deputy Chief Economist at CIBC World Markets, Benjamin Tal was recently described as one of Canada’s leading experts on the real estate market by the International Monetary Fund. Benjamin will return to the CFAA Conference in 2014 to provide an update of the likely economic impacts on Canada’s rental housing markets in 2014 and 2015. He will address what is happening in the world, the U.S and the Canadian economies, and the impact those forces will have on employment, interest rates, labour...

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The 7 most innovative skyscrapers of the future

Posted in Development, Industry Trends

The 7 most innovative skyscrapers of the future

Earlier this week architecture magazine eVolo announced the winners of its 2014 skyscraper competition, which honors innovative design from the world’s most forward-thinking futurists. More than 500 proposals from 43 countries were submitted for the ninth annual competition. When the dust settled, three winners were named alongside 20 honorable mentions. For a snapshot of the standouts, here are the trio of winning entries followed by our four favorite runners-up. 1st Place – Vernacular...

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Canada’s gap with U.S. in student housing business will never be closed

Posted in Development, Housing, Student Housing

Canada’s gap with U.S. in student housing business will never be closed

For those who say Canada is at least a decade behind the U.S. when it comes to the student housing, don’t expect it to catch up any time soon, if ever. Blame it on our sparse population and the fact we have far fewer big universities and colleges. “In some respects, we will never catch up,” said Henry Morton, the president of student housing developer Campus Suites of Toronto. “The reason that I think that they are never going to catch up in Canada is that, aside from a couple communities that...

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