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Industry News

Senior Living Portfolio Trades as Investors See Rebound for SectorOctober 5, 2022A portfolio of eight senior living properties across Western Canada traded hands this week, a positive sign as investor confidence builds and the sector appears primed for a rebound from the disruption caused by the pandemic.Read more...
Blackstone Real Estate Hires Leader To Oversee New Toronto Office, Canadian ExpansionJuly 8, 2022Blackstone Real Estate, already a significant player in Canada with assets totaling 14 billion Canadian dollars, has hired a new leader to oversee its real estate investments in the country.Read more...
Vancouver Looks to Capture Development Near Transit StationsJuly 5, 2022Vancouver’s municipal transit agency is stepping into the realm of speculative real estate development as it seeks to capture for itself revenues associated with the private projects around its expanding network of stations.Read more...
B.C. sees record-low mortgages in arrearsJuly 4, 2022Despite fears of rising interest rates and worsening affordability in the residential market, statistics from the Canadian Bankers Association indicates that mortgages in arrears are on the decrease in B.C.Read more...
Residential rents skyrocket as economy reopens, vacancies dropMay 30, 2022Rent controls prompt developers to hike rents on new builds in Vancouver.Read more...
Labour Shortages in Global Shipping Add to Rising Stagflation RiskMay 26, 2022Global supply chains remain under pressure as the world economy continues to recover during a pandemic, rising U.S.-China trade tensions and, most recently, Russia's invasion of Ukraine.Read more...
Tsawwassen Mills Mall Sold as Investor Transitions Portfolio to North America From ChinaMay 20, 2022Central Walk, a retail real estate investor and developer new to the Canadian market, closed on the purchase of the Tsawwassen Mills shopping mall in Delta, British Columbia, pushing its investment in the country past $1 billion.Read more...
Hospital Foundation Buys Vancouver Apartment Building in $100 Million DealMay 10, 2022The philanthropic foundation behind Vancouver’s largest hospital has purchased an apartment building and long-term care centre in the city, planning to eventually expand the medical centre to the sites.Read more...
Real Estate Investing Commercial Retail Strata in B.C.May 21, 2022Geographically and historically, Metro Vancouver represents perhaps the best opportunity on the planet to make money in commercial real estate. Mortgage rates are at 100-year lows and the area has among the lowest industrial and commercial vacancy rates and highest lease rates in the country.Read more...
Walmart Wrings More Sales From Its Stores Despite Rocky First QuarterMay 17, 2022Retail giant Walmart, despite supply chain disruptions and inflation slicing into its first-quarter profits, posted a 3% rise in comparable sales at its U.S. stores and boosted revenue estimates for the rest of the year.Read more...
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