GLOBE CAPITAL MANAGEMENT ACQUIRES NEW MONTREAL PROPERTY
Mr. Richard Morantz, President and CEO of Globe Capital Management, is pleased to announce the acquisition by the company for $60 million of the Les Berges du Canal apartment complex in Montréal, Québec. The property is located in the gentrifying neighbourhood of St. Henri on the island of Montréal, where much investment is being directed to the rehabilitation of properties so that services can be provided to local residents in the former industrial area. The Globe team looks forward to...
read moreA 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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