Tag: Real Estate News EXchange

Toronto, Montreal data centre markets grow, but face challenges | RENX

by Bobby Chaim ( markets)

“Our biggest challenge in both markets is finding available land sites,” Cushman & Wakefield Global Data Centre Advisory Group vice-chairman Randy Borron told RENX. “The ideal scenario for operators, builders and developers of data centres is to go into a market and find a site for an initial build with land for at least one, […]

Rare acquisition opportunity in Calgary’s rental market | RENX

by Bobby Chaim ( markets)

The Portfolio offers a total of 608 rental suites that include a 278-suite concrete high-rise building and a 330-suite concrete garden-style property. The garden-style low-rise, suite mix and large suite sizes of Wyldewood Estates lend itself favourably to the area’s family-style demographic while the sophisticated high-rise nature of The Pinnacle attracts a more affluent client […]

Montreal remains key market for multires investors | RENX

by Bobby Chaim ( markets)

Minto entered the Montreal market in 2019 with the purchase of the Rockhill Apartments. “Three years ago, we didn’t have anything” and now the trust has just under 2,000 units. Jarvis, who noted Hazelview Investments has about 25 buildings in Montreal with more than 3,200 units, discussed the company’s purchase of 4545 and 4550 Walkley […]

Two record multiresidential sales in hot Kelowna market | RENX

by Bobby Chaim ( markets)

“The Kelowna market is very, very, very active,” Laursen told RENX in an interview. “Typically, institutional buyers don’t buy in locations where there’s a population of under 100,000 people. “A lot of the institutions are active to buy this product, but it doesn’t exist,” said Gibson. “From a developer’s standpoint, it de-risks the development for […]

‘COVID catalyst’ to keep driving housing market: Soper | RENX

by Bobby Chaim ( markets)

“I believe it will cause policymakers, central banks Bank of Canada to pause in their battle against inflation. The brokerage forecasts the median prices of a single-family detached property and condominium will increase 11 per cent and eight per cent next year, respectively. People’s homes have become their offices and kids’ schools, and with entertainment […]