Canada

interest rates

CondoBusiness

Bank of Canada interest rates remain on hold

The Bank of Canada has announced it is keeping its target overnight lending rate at 0.5 per cent, but lower interest rates are expected for the near future.
factory

Canadian Facility Management & Design

GE factory breaks ground in Welland

A ground-breaking ceremony was held in Welland for GE’s first Brilliant Factory in Canada. PCL Constructors Canada is the project’s general contractor.
Royal Alberta Museum

Canadian Facility Management & Design

Royal Alberta Museum set to open in late 2017

Construction on the exterior of the new Royal Alberta Museum is complete, bringing the facility one step closer to opening in late 2017.
Doors Open Toronto

Canadian Facility Management & Design

Doors Open Toronto issues call for proposals

The 18th annual Doors Open Toronto, a free weekend-long celebration of Toronto’s architecture, history and urban design, will be held May 27 and 28, 2017.
NexRev

Canadian Facility Management & Design

NexRev establishes Canadian operations

NexRev LLC has launched its energy efficiency improvement expertise in Canada with a regional office in Toronto. The Plano, Texas-based company, which also specializes in
Luxury housing market

CondoBusiness

Toronto’s luxury real estate market on the rise

According to a new report released by Christie’s International Real Estate and Canadian affiliate Chestnut Park Real Estate of Toronto, Toronto is the world’s second-hottest

REMI Network

Canadian business cost competitiveness ranked

Mexico and Canada offer the most competitive combination of costs for facilities, utilities, tax, transportation and labour among 10 countries recently surveyed for their amenability to international business.
rent

CondoBusiness

CREA expects rebalanced housing market in 2016

The Canadian Real Estate Association (CREA) has updated its forecast for home sales through the MLS Systems for 2016 and has also included 2017 in
housing starts

CondoBusiness

February housing starts relatively unchanged

In February 2016, the trend measure of Canadian housing starts was 198,880 units, compared to 199,107 units in January, according to Canada Mortgage and Housing
Rentseeker

Canadian Apartment Magazine

Average cost to rent an apartment in Canada

Rentseeker.ca, Canada’s leading apartment finder and real estate listing website, recently published its Fall 2015 infographic featuring the average cost to rent an apartment throughout Canada. Broken
home sales

CondoBusiness

CREA revises 2015 and 2016 home sales forecast

The Canadian Real Estate Association has revised its forecast for home sales activity through the MLS Systems for both 2015 and 2016. Following its last
rent

CondoBusiness

Canada modifies mortgage insurance rules

On Dec. 11, Finance Minister Bill Morneau announced changes to the rules for government-backed mortgage insurance in order to contain risks in the housing market,
housing starts

CondoBusiness

Housing starts trend higher in November: CMHC

According to Canada Mortgage and Housing Corporation (CMHC), Canadian housing starts trended upward in November at 208,401 units, compared to 206,125 in October. The trend
housing starts

CondoBusiness

Canadian housing starts trend upward in October

According to Canada Mortgage and Housing Corporation (CMHC), the trend measure of housing starts in Canada for October was 206,089 units, compared to 202,793 in
rent

CondoBusiness

Canadian home sales dipped slightly in July

Canadian home sales, as tracked through the MLS systems of real estate boards and associations across the country, dipped 0.4 per cent from June to July. This marks the second
Home and apartment sales Canada

CondoBusiness

Harper pledges to help first-time home buyers

Prime Minister Stephen Harper unveiled a pledge Wednesday to raise the Home Buyers’ Plan withdrawal limit from $25,000 to $35,000 if re-elected.
construction of residential house

CondoBusiness

Building permit values rose 14.8 per cent in June

The total value of building permits rose 14.8 per cent in June to $7.7 billion, following a 13.9 per cent drop in May, reports Statistics Canada.