Canadian commercial real estate attractive to investors

Viewed globally as a safe haven, given the country's stable economic and political climate, and sound market fundamentals

Canadian commercial real estate attractive to investorsInvestors remain enthusiastic about Canada's commercial property market, despite uncertainty surrounding rising interest rates, the lateness of the investment cycle and – in particular – scarcity of available product to meet insatiable demand, says a new report by commercial real estate firm Avison Young. Canada is still viewed globally as a safe haven, given the…

Taking the stress out of moving

Nate Edwards talks about how Virtuo’s tech-enabled service saves customers time and eases headaches

Taking the stress out of movingNate Edwards is co-founder and managing partner of Virtuo. Calgary’s Business: What is Virtuo and when was it founded? Edwards: Virtuo is a tech-enabled customer experience company that makes transitioning and settling into a new home simple and stress free. We save homebuyers more than 40 hours of their time by facilitating everything for them,…

Canadian commercial real estate market booming

Toronto and Vancouver remain the primary destinations for commercial real estate. Calgary, Montreal and Edmonton rounded out the top five

Canadian commercial real estate market boomingIt’s been a record year for the Canadian commercial real estate industry so far in 2018. According to a new report released Monday by CBRE Canada, there were $16.5 billion worth of transactions in the second quarter of the year, up 38 per cent from the previous record total of $11.97 billion in the first…

A tale of two cities and their wildly different spending habits

Vancouver taxes and spends far more than neighbouring Surrey. But do Vancouverites get value for their greater investment?

A tale of two cities and their wildly different spending habitsBy Josef Filipowicz and Charles Lammam The Fraser Institute With three levels of government delivering a wide array of services to British Columbians – paid for by an equally wide array of taxes, fees and transfers – it can be difficult for citizens to understand and assess government taxation and spending – especially at city…

Calgary’s office vacancy rate the highest in Canada

Mid-year report says Calgary sat at 23.5% office vacancy, while Edmonton’s vacancy fell to 14%

Calgary’s office vacancy rate the highest in CanadaWithout significant changes in the local economy and concrete solutions to the pipeline bottlenecks that Alberta’s energy industry faces, Calgary’s office market faces a slow recovery, says a new report by commercial real estate firm Avison Young. The Mid-Year 2018 North America and Europe Office Market Report, which was released on Thursday, said Calgary’s office…

Record high vacancy rate for Calgary’s suburban office market

Rental rates are down 29 per cent from peak levels in the fourth quarter of 2014, according to a CBRE report

Record high vacancy rate for Calgary’s suburban office marketCalgary's suburban office market saw its vacancy rate hit an historical high during the second quarter of this year as the effects of the recession linger. A report by commercial real estate firm CBRE said overall vacancy in the suburban market was 23.2 per cent in the quarter. “Mergers and consolidation activity, primarily from engineering,…

Calgary’s quality downtown office sites draw strong interest

But demand for secondary real estate is still dropping, as are asking rates

Calgary’s quality downtown office sites draw strong interestThe downtown Calgary office market continues to see a trend of movement to quality. And net asking rates have dropped to an historical low. A report by commercial real estate firm CBRE says the overall market in the central business district experienced 153,402 square feet of negative absorption – the change in occupied space –…

Calgary, Edmonton industrial real estate markets healthy

Significant drops in Alberta vacancy rates this year tracked by Colliers International

Calgary, Edmonton industrial real estate markets healthyBoth the Calgary and Edmonton industrial markets have been healthy this year as the Alberta economy slowly recovers. A report by commercial real estate firm Colliers International says “there has been steady demand for large-bay distribution centres throughout the greater Calgary area, as the city continues to establish itself as a distribution hub serving a…

Downtown Calgary office market draws new tenants

The Edmonton office market reported positive absorption for the third quarter in a row: Colliers

Downtown Calgary office market draws new tenantsFor the second consecutive quarter and the fourth time since the first quarter of 2015, the downtown Calgary office market experienced positive absorption, equal to 113,962 square feet in the second quarter of this year, says commercial real estate firm Colliers International. “This also marks the second time since 2012 that Colliers has recorded two consecutive…

Kindersley (SK) Mall now officially under new ownership

The new owners knew the grocery store in the mall was closing but the Home Hardware closure came as a surprise

Kindersley (SK) Mall now officially under new ownershipKenneth Brown of The Clarion A real estate management firm has announced the closing of its transaction to acquire the Kindersley Mall as part of a large portfolio of 44 retail properties. Strathallan Capital Corp., a Toronto-based firm that manages and operates four private funds, issued a news release on Oct. 4 to announce the…