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Ontario's property tax system is getting increasingly complex
Mar 15, 2024 · The property tax assessment cycle in Ontario has doubled in length; 2024 marks the eighth year of what was originally a four-year cycle. Much has been made of the impact of the reassessment delay on the increased complexity of the property tax assessment appeal system.
Dream Office cuts distributions by 50% - RENX
Feb 16, 2024 · After initially trying to ride out an “uncertain” office market, Dream Office REIT has followed several of its peers by announcing a 50 per cent distribution cut, to take effect when it enacts a one-for-two share consolidation later this month. The announcement was made in the REIT’s Q4 and year-end 2023 financial report and discussed by chief executive office Michael Cooper on its call ...
Bosa Properties' robust Surrey pipeline shows confidence in …
Oct 11, 2024 · Bosa Properties' Parkway development in Surrey, B.C. (Courtesy Perkins & Will / Bosa) Vancouver-based developer Bosa Properties says it has roughly 6,000 homes either recently completed, under construction or proposed in Surrey City Centre.. It's a commitment motivated by a fast-growing population and surge in post secondary-related student demand.
Northbridge buys ‘extremely rare’ 30-acre Vaughan industrial site
Dec 23, 2021 · Northbridge Capital has acquired an “extremely rare” 30-acre industrial property with redevelopment potential in a prime area of the Greater Toronto Area city of Vaughan for $110 million.. The off-market transaction involves three parcels at 101/189/205 Doney Crescent. It’s situated along Highway 407 near Keele Street, bordering the CN MacMillan railyard, and just a short distance from ...
Record growth continues in data centre sector: C&W
Sep 18, 2024 · Despite an expanding pipeline, data centre demand continues to outpace supply across the Americas, resulting in consistently declining vacancy rates. Canada's largest data centre market, Toronto, saw vacancy decline from five to four per cent so far in 2024.
Alex Thomson: Canada's first NAIOP chair-elect - RENX
Oct 11, 2024 · Alex Thompson is the first Canadian selected as chair-elect of NAIOP, where he will assume the position in 2025. Thompson joins the show to discuss the organization itself, his involvement and today's commercial real estate issues.
CAPREIT bulks up liquidity with $740M portfolio sale to TPG: CEO
Jul 15, 2024 · CAPREIT has an agreement to sell its Canadian portfolio of 75 manufactured homes communities (MHC) to TPG Real Estate for $740 million, a move president and CEO Mark Kenney calls a major step toward becoming a pure-play apartment REIT.. The communities comprise a total of 12,138 residential lots. “The portfolio was unencumbered so it represented an opportunity to really get a lot of ...
Montreal's Nofada makes its largest acquisition: 214-unit apt. towers
Sep 11, 2024 · Tours Chapdelaine, a two-tower apartment complex in Quebec City, has been acquired by Nofada Immobilier of Montreal. (Courtesy Nofada) Nofada Immobilier has made the biggest acquisition in its 10-year history, purchasing the 214-unit Tours Chapdelaine in Quebec City from Canadian Apartment Properties Real Estate …
Drop in valuations results in $499M Q4 net loss for Allied
Feb 5, 2024 · Cecelia Williams, president and CEO of Allied Properties REIT. (Courtesy Allied) Allied Properties REIT suffered a $499.34-million net loss in its fourth quarter ended Dec. 31, in large part due to a $425-million decline in rental property valuations in Toronto, Montreal, Calgary and Vancouver and a $70-million drop in development property …
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