Canadian Real Estate

Canadian Real Estate

The latest news from the Canada Real Estate Club Team

Filters
1132 results - showing 1 - 15  
« 1 2 3 4 5 ... »  
Ordering 
 
 
0.0
 
0.0 (0)
CanadianREI   May 31, 2017   94   0   0   0   0   0
{"id":0}
 
0.0
 
0.0 (0)
CanadianREI   May 31, 2017   96   0   0   0   0   0
{"id":0}
 
0.0
 
0.0 (0)
CanadianREI   May 31, 2017   99   0   0   0   0   0
{"id":0}
 
0.0
 
0.0 (0)
CanadianREI   May 31, 2017   105   0   0   0   0   0
{"id":0}
What’s at Issue in the Jared Kushner Investigation
 
0.0
 
0.0 (0)
CanadianREI   May 31, 2017   124   0   0   0   0   0
The outcry surrounding the potential conflicts of interest faced by President Trump’s son-in-law, White House advisor and New York real estate scion Jared Kushner continues to grow. The latest development involves the call for investigation into “potentially fraudulent statements” made by two companies marketing a Kushner Companies development[1] to Chinese EB-5 investors, according to Reuters. The companies include Chinese immigration agency Qiaowai and the U.S. Immigration Fund (USIF), based in Jupiter, Fla. The firms have worked together to market Kushner Companies’ One Journal Square[2], a mixed-use tower in Jersey City, N.J., to Chinese buyers through the EB-5 program. At issue? According to Reuters, the promotional materials used by Qiaowai referred to a green card “safeguard,” even though permanent U.S. residency is not guaranteed to EB-5 investors at this stage in the process. As a result, Chuck Grassley, a Republican senator from Iowa and the chairman of the Senate Judiciary Committee, has requested a review of Quiaowai claims. “It is a fundamental rule of the EB-5 program that an applicant’s investment must remain ‘at risk’ up to the end of the alien’s conditional permanent resident status, and a ‘guaranteed’ investment fails this basic EB-5 test; if Qiaowai is in fact guaranteeing the safety of the investment principal, all related EB-5 petitions should be rejected by USCIS,” Grassley wrote in a letter addressed to the Department of Homeland Security and the SEC. (The full text of the letter can be accessed on the senator’s website[3]). The news comes just a few weeks after...
Meadowlands Mall Builder Sets Year's Top Unrated Muni Sale
 
0.0
 
0.0 (0)
CanadianREI   May 30, 2017   110   0   0   0   0   0
(Bloomberg)—The Canadian developer building the long-stalled mega-mall in New Jersey’s Meadowlands plans to sell $800 million of tax-exempt municipal bonds next week to help complete the construction of the complex begun more than a decade ago. Goldman Sachs Group Inc. is managing the deal, the largest sale of unrated municipal bonds this year, for mall owner Triple Five Group, run by the billionaire Ghermezian family. The bonds are backed by payments in lieu of property taxes and will be issued through a Wisconsin agency, the Public Finance Authority, that specializes in acting as a conduit for risky debt. Borrowers for speculative projects sometimes forgo credit ratings rather than risk the taint of being labeled junk. The sale may benefit from a rally in the tax-exempt securities market as investors steer money into municipal-bond mutual funds, pushing yields to the lowest since early November. As investors seek bigger returns, high-yield state and local bonds have delivered gains of 6.1 percent this year, compared with 3.6 percent for the overall market, according to Bloomberg Barclays indexes. Initial construction on the project in East Rutherford, about 10 miles (16 kilometers) west of Manhattan, began in 2004, only to be halted after the initial developers ran short of funds. Triple Five took over the project in 2011 and will receive $350 million in grants from New Jersey if the project meets sales-tax revenue targets. The 2.9 million square-foot (270,000 square-meter) American Dream, originally called Xanadu, will feature an indoor amusement park and water...
Rise in Home Prices in 20 U.S. Cities Reflects Lean Inventory
 
0.0
 
0.0 (0)
CanadianREI   May 30, 2017   105   0   0   0   0   0
(Bloomberg)—A larger-than-forecast increase in home prices in 20 U.S. cities in March underscores both steady demand and lean inventory, figures from S&P CoreLogic Case-Shiller showed Tuesday. Highlights of Home Price Report (March) 20-city property values index rose 5.9% from March 2016 (forecast 5.7%), matching February as biggest since July 2014 National price gauge climbed 5.8% in the 12 months through March Seasonally adjusted 20-city index rose 0.9% from a month earlier (matching forecast) Key Takeaway Mortgage rates at a six-month low, along with a strong job market and healthier finances, are giving prospective buyers more wherewithal to make purchases. In addition to rising demand, persistent inventory shortages in the previously owned property market are also contributing to price gains. At the same time, wage growth has been slower to pick up than property values, representing a potential headwind to even faster price gains. Economist Views “While there is some regional variation, prices are rising across the U.S.,” David Blitzer, chairman of the S&P index committee, said in a statement. The gain reflected “unusually low inventory of homes for sale.” He said “there is no way to tell when rising prices and mortgage rates will force a slowdown in housing.” Other Details All 20 cities in the index showed year-over-year gains, led by a 12.3 percent increase in Seattle and a 9.2 percent advance in Portland, Oregon After seasonal adjustment, Minneapolis had the biggest month-over-month rise at 1.3 percent, followed by Detroit...
10 Must Reads for the CRE Industry Today (May 30, 2017)
 
0.0
 
0.0 (0)
CanadianREI   May 30, 2017   117   0   0   0   0   0
10 Must Reads for the CRE Industry Today (May 26, 2017) May 26, 2017 10 Must Reads for the CRE Industry Today (May 25, 2017) May 25, 2017 10 Must Reads for the CRE Industry Today (May 24, 2017) May 24, 2017 10 Must Reads for the CRE Industry Today (May 23, 2017) May 23, 2017
How Multifamily Owners Can Maximize Revenue before Peak Leasing Season
 
0.0
 
0.0 (0)
CanadianREI   May 30, 2017   82   0   0   0   0   0
Before peak leasing season is in full swing, there are several steps that multifamily property owners and managers must take to ensure that they make the most out of the busy time. Owners who invest the time and effort now will drive strong net operating income and stable cash flow for their properties year-round. With the busy season starting in early summer, now is the time to implement low-cost changes that will generate a high return on investment and impress new and prospective residents. As a property management firm that manages 171 apartment communities totaling 23,645 units, we’ve identified several key strategies to implement prior to peak leasing season in order to maximize property value, attract new tenants and drive long-term revenue. Invest in capital improvements First and foremost, multifamily owners should utilize this time wisely to invest in capital improvements that will add long-term value to their apartment communities. By addressing deferred maintenance items and upgrading the common areas, owners can ensure that their properties are leased at maximum capacity by the end of the summer. So which capital expenditures will generate the highest return on investment? Investing in communal gathering areas and indoor/outdoor amenity spaces can help establish a sense of community at your property, thereby driving resident retention and minimizing turnover. Some of the most sought-after amenities that build this sense of community include larger clubhouses, BBQ areas and on-site movie theaters, among others. Upgrading and modernizing interior features of empty units...
Investment Sales Market for Multifamily Begins to Recover after a Pause
 
0.0
 
0.0 (0)
CanadianREI   May 30, 2017   127   0   0   0   0   0
The year isn’t turning out quite the way apartment experts expected it to just a few months ago. In January, it seemed like interest rates would begin an upward climb, which would push cap rates higher for investments in apartment properties. Instead, interest rates have sagged from their highs at the end of 2016, and cap rates are falling once again. “Apartment cap rates, and cap rate spreads, are declining,” says Jim Costello, senior vice president with Real Capital Analytics (RCA), a New York City-based research firm. “However, deal volume is also down considerably.” This year is likely to be starkly different from 2016 in the volume of apartment properties that are traded. “It is going to be incredibly difficult to surpass the volume of both single asset sales and portfolio transactions we experienced in 2016,” says Will Matthews, senior vice president with real estate services firm Colliers International. Investors finally began buying apartment properties again in April 2017. Sales volume for the month was up 6.0 percent compared to the year before, according to RCA. However, one active month can’t make up for the incredibly slow first quarter of 2017. “The trepidation that was prevalent at the start of the year due to the election, anticipated interest rate hikes and geopolitical uncertainty, led many groups to sit on the sidelines in the first quarter,” says Matthews. As a result, it’s unlikely that this year’s sales volume is going to catch up to last year’s levels....
How Multifamily Owners Can Maximize Revenue before Peak Leasing Season
 
0.0
 
0.0 (0)
CanadianREI   May 30, 2017   2   0   0   0   0   0
Before peak leasing season is in full swing, there are several steps that multifamily property owners and managers must take to ensure that they make the most out of the busy time. Owners who invest the time and effort now will drive strong net operating income and stable cash flow for their properties year-round. With the busy season starting in early summer, now is the time to implement low-cost changes that will generate a high return on investment and impress new and prospective residents. As a property management firm that manages 171 apartment communities totaling 23,645 units, we’ve identified several key strategies to implement prior to peak leasing season in order to maximize property value, attract new tenants and drive long-term revenue. Invest in capital improvements First and foremost, multifamily owners should utilize this time wisely to invest in capital improvements that will add long-term value to their apartment communities. By addressing deferred maintenance items and upgrading the common areas, owners can ensure that their properties are leased at maximum capacity by the end of the summer. So which capital expenditures will generate the highest return on investment? Investing in communal gathering areas and indoor/outdoor amenity spaces can help establish a sense of community at your property, thereby driving resident retention and minimizing turnover. Some of the most sought-after amenities that build this sense of community include larger clubhouses, BBQ areas and on-site movie theaters, among others. Upgrading and modernizing interior features of empty units...
Investment Sales Market for Multifamily Begins to Recover after a Pause
 
0.0
 
0.0 (0)
CanadianREI   May 30, 2017   2   0   0   0   0   0
The year isn’t turning out quite the way apartment experts expected it to just a few months ago. In January, it seemed like interest rates would begin an upward climb, which would push cap rates higher for investments in apartment properties. Instead, interest rates have sagged from their highs at the end of 2016, and cap rates are falling once again. “Apartment cap rates, and cap rate spreads, are declining,” says Jim Costello, senior vice president with Real Capital Analytics (RCA), a New York City-based research firm. “However, deal volume is also down considerably.” This year is likely to be starkly different from 2016 in the volume of apartment properties that are traded. “It is going to be incredibly difficult to surpass the volume of both single asset sales and portfolio transactions we experienced in 2016,” says Will Matthews, senior vice president with real estate services firm Colliers International. Investors finally began buying apartment properties again in April 2017. Sales volume for the month was up 6.0 percent compared to the year before, according to RCA. However, one active month can’t make up for the incredibly slow first quarter of 2017. “The trepidation that was prevalent at the start of the year due to the election, anticipated interest rate hikes and geopolitical uncertainty, led many groups to sit on the sidelines in the first quarter,” says Matthews. As a result, it’s unlikely that this year’s sales volume is going to catch up to last year’s levels....
Canadians' Faith In Real Estate Fizzles As Toronto Sales Plunge
 
0.0
 
0.0 (0)
Jarek BucholcJarek Bucholc   May 29, 2017   106   0   0   0   0   0
Canadians’ confidence in the housing market hit an all-time high less than a month ago — but a month, it turns out, is a long time in real estate. That confidence is now falling as evidence mounts of a slowdown in the Toronto area, Canada's largest housing market. The Bloomberg Nanos consumer confidence barometer found the share of Canadians expecting house prices to rise in the next six months has fallen to 45.5 per cent, from a record high of 50.1 per cent just three weeks earlier. That was the highest level since Nanos Research started the survey in 2008. “Recent declines in consumer confidence scores were most likely to be driven by a cooling of real estate sentiment after hitting a high in early May,” Nanos Research chairman Nik Nanos wrote in the survey[1]. Single-family homes in Toronto's inner city. After a rip-roaring start to the year, which saw Toronto house prices spike 33 per cent in March, the city’s market appears to have cooled considerably. According to data compiled by brokerage Realosophy[2], sales of single-family homes fell 26 per cent in the Toronto area the month following the introduction of the new provincial rules, compared to the same period a year earlier. Some areas saw much steeper drops. The suburb of Richmond Hill saw the steepest sales decline, down 61 per cent. “The frenzy is over — it’s over,” Century 21 brokerage owner Joanna Evans told...
10 Must Reads for the CRE Industry Today (May 26, 2017)
 
0.0
 
0.0 (0)
CanadianREI   May 26, 2017   127   0   0   0   0   0
10 Must Reads for the CRE Industry Today (May 25, 2017) May 25, 2017 10 Must Reads for the CRE Industry Today (May 24, 2017) May 24, 2017 10 Must Reads for the CRE Industry Today (May 23, 2017) May 23, 2017 10 Must Reads for the CRE Industry Today (May 22, 2017) May 22, 2017
What New Technologies Mean for the Future of Office Space
 
0.0
 
0.0 (0)
CanadianREI   May 26, 2017   96   0   0   0   0   0
Changes in the workplace have come fast and furious over the past few years, with new technologies advancing digital mobility and giving rise to worker demands for a flexible work environment. Office users have responded by creating open, collaborative office environments with a variety of workspaces and amenities to attract and retain talent. A “fourth industrial revolution,” driven by rapid technology innovation, is infusing digital into every aspect of society, notes a new report from real estate services JLL on “The Future of Work[1].” The report was developed with input from a C-suite of 20 clients that included top executives in real estate, finance, human resources and IT, as well as leaders from other disciplines. The report explores how to manage uncertainty following fast, profound change and leverage disruption to “create an agile workplace and adaptable model for achieving ambitions in an environment where stability is an illusion or, worse, a sign of stagnation.” According to Paris-based Marie Puybaraud, PhD, JLL’s global head of research for corporate solutions and leader of the Future of Work project, the three game-changers affecting an organization’s financial performance and operational excellence, in order of importance, are: the human experience, digital technology and innovation—how collaborative and cooperative are changes in an organization. “The two pillars that most concern our clients are digital drivers and human experience,” she says. In the past, JLL’s technical conversations with clients revolved around issues involving their service lines, Puybaraud notes. Now clients are encouraged to think about work as...
1132 results - showing 1 - 15  
« 1 2 3 4 5 ... »  
Results per page: