View Online | Forward | Sign Up | Archives August 23, 2019
1. Elevated immigration fuels GTA rental market
A strong GTA rental market fuelled by favourable demographics lifted transaction velocity 8 per cent over the four quar­ters ending at mid-year 2019, according to a new report from Marcus & Millichap Real Estate Investment Services. Citing widespread buyer activity and elevated interest in the areas of Etobicoke, York and Scarborough, the new report signals that only more good things are in the forecast for the back half of 2019.

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2. Bloor-Yorkville most expensive retail corridor in Canada

Toronto’s Bloor-Yorkville retail corridor is the most expensive in Canada and the fifth priciest in North America according to JLL’s City Retail 2018 report. Read More »

3. Canada invests in new lending institution to spur affordable housing

Through the Government of Canada’s Affordable Housing Innovation Fund, $20 million is being invested in a new lending institution called HPC Housing Investment Corporation (HI-C).
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4. Calgary’s International Hotel converts to rental

Minto Apartments announced it is converting Calgary’s International Hotel into premium long- and short-term rental apartments, to be known as The International.
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5. Vancouver Island building permits continue upward
Building permits across Vancouver Island continued on an upward trajectory, rising six per cent to $648.1 million in the second quarter of 2019 compared to the first quarter. Read More »
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