TORONTO — A new report says Canadian commercial real estate transactions hit a record high in the second quarter, driven by two major deals and continued strength of the Toronto and Vancouver markets. The report by CBRE Canada says deals totalled $16.5 billion, up 38 per cent from the previous high of $12 billion reached … Read more
Though Vancouver’s industrial market cooled slightly during the second quarter, its performance since the beginning of 2017 has made it one of the hottest industrial markets in the world this year, according to CBRE data.
A new housing project in Port Moody will give local tenants a chance to become homeowners in the development. Thirty of the 358 units to be constructed at 50 Electronic Avenue are going to be rent-to-own homes. Affordability is expected to be achieved through two measures. One is that rents will be charged below market … Read more
The unprecedented momentum in Canada’s leading commercial real estate market will carry it well into 2018 and likely further, Vancouver analysts say. Vancouver has Canada’s lowest office vacancy rate, and new office towers are pre-selling space at record-shattering prices. The largest industrial developments in Metro Vancouver’s history are underway as industrial lease rates increase and … Read more
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