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Real Estate

Liberal government launches $1.5B program to build more co-op housing

Liberal government launches $1.5B program to build more co-op housing

OTTAWA — Housing Minister Sean Fraser announced the launch of a $1.5-billion co-operative housing development program that the federal government promised in its 2022 budget.
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Average asking rents in Canada reach record $2,202 in May, says new report

Average asking rents in Canada reach record $2,202 in May, says new report

A new report says the average asking rent for a home in Canada hit a record $2,202 in May, up 9.3 per cent compared with a year ago and 0.6 per cent from the previous month. The report by Urbanation and Rentals.
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Commercial real estate trends shifting toward purpose-built rentals: Re/Max report

Commercial real estate trends shifting toward purpose-built rentals: Re/Max report

TORONTO — An analysis of 12 of the largest Canadian commercial real estate markets shows developers have shifted their focus toward purpose-built rental construction, some at the expense of new residential condominiums and commercial buildings.
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Cybersecurity concerns on the rise in commercial real estate

Cybersecurity concerns on the rise in commercial real estate

The ‘smarter’ office buildings become, the more they need to consider the vulnerabilities of their internet-connected operational technologies
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Collaboration key as network of Victoria buildings leads B.C. in sustainability push

Collaboration key as network of Victoria buildings leads B.C. in sustainability push

More than 40 buildings in Greater Victoria promise to cut emissions in half by 2030
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Vancouver home sales fall nearly 20 per cent in May as inventory continues to climb

Vancouver home sales fall nearly 20 per cent in May as inventory continues to climb

VANCOUVER — Greater Vancouver's real estate board says the number of homes that changed hands in May fell 19.9 per cent from the previous year as more new properties continued to hit the market.
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Metro Vancouver land deals on hold as developers remain cautious

Metro Vancouver land deals on hold as developers remain cautious

Tight financing, sale conditions slow deal-making but interest is steady
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Vancouver falling short of B.C.-mandated housing targets

Vancouver falling short of B.C.-mandated housing targets

Housing Minister Ravi Kahlon: "Although the council has different opinions, they seem united on wanting to make sure that housing gets built."
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Vancouver’s tech campuses continue to play a vital post-pandemic market role

Vancouver’s tech campuses continue to play a vital post-pandemic market role

In-person collaboration, amenities attract tech talent to downtown Vancouver offices
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A developer wants to build a condo complex right above Port Moody's SkyTrain tunnel

A developer wants to build a condo complex right above Port Moody's SkyTrain tunnel

The proposal by Porte Homes is the second time the company has applied to build on the site on Charles Street in Port Moody
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