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The 5 priciest homes in one of the country’s hottest markets
News Canadian Real Estate Magazine   May 29, 2017   97   0   0   0   0   0
Take a look at some of the country’s most luxurious homes currently for sale. These are the most expensive homes currently for sale in and around the country’s hottest housing market. As someone who covers housing for a living, there’s nothing quite like perusing some good old fashioned real estate porn.I’m sure you faithful readers can agree. While modern builds with their sky-high windows or hard lofts with their sprawling floorplans are always fun to explore, there’s nothing quite like gandering at some of the country’s priciest homes. And there seems to be a few more than usual currently on the market. Pont2Homes, an online agency, rounded up the 10 most expensive homes currently for sale in and around Toronto.Check them out below. 1.A Yorkville Penthouse Yorkville is one of the most sought-after neighbourhoods in Toronto (there are even rumours that Mike Babcock, current coach of the Toronto Maple Leafs, chose to coach in Toronto over Buffalo due to his wife’s desire to live in the posh ‘hood). It’s home to some extravagant shopping spots and swanky restaurants;and also to the province’s current most expensive home. Listed at a cool $36,000,00, this beauty is located at the top of the Four Seasons Hotel. 2.A Bridle Path
Real estate activity fuelling Quebec economic strength - report
News Canadian Real Estate Magazine   May 29, 2017   96   0   0   0   0   0
In its latest outlook, The Conference Board of Canada predicted that the trend of real estate driving economic strength in Quebec’s leading metropolitan markets will lead to sustained growth in the next few months. The Board’s recently released “Metropolitan Outlook:Spring 2017” study anticipated real GDP growth in Quebec City and Montreal to increase to 1.9 per this year. “Quebec’s two largest metropolitan economies continue to pick up speed and are expected to post stronger growth this year,” according to Alan Arcand, associate director with The Conference Board of Canada.“Montreal’s economic improvement is being driven by massive infrastructure investments and an accelerating manufacturing sector, while widespread gains across Quebec City’s services sector, including in real estate and tourism, is supporting stronger growth in the provincial capital.” In Quebec City, the services sector (which currently accounts for over 80 per cent of the city’s economy) will see generous growth this year, along with tourism. “[The] finance, insurance and real estate industry is poised to bounce back after three years of lacklustre growth, thanks in part to strong commercial and industrial real estate activity in Quebec City and Levis,” the study noted. In Montreal, the construction sector is expected to rally after a four-year trend of decline, “thanks to work on the Champlain Bridge and Turcot Interchange, the
News Canadian Real Estate Magazine   May 29, 2017   116   0   0   0   0   0
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Canadians' Faith In Real Estate Fizzles As Toronto Sales Plunge
 
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Canadian Real Estate Jarek BucholcJarek Bucholc   May 29, 2017   109   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)
 
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Canadian Real Estate CanadianREI   May 26, 2017   129   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
 
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Canadian Real Estate CanadianREI   May 26, 2017   97   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...
Sales Volume on Net Lease Assets Roughly Flat with Last Year’s
 
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Canadian Real Estate CanadianREI   May 26, 2017   108   0   0   0   0   0
It seems there’s no investment sector safe from the current political uncertainty, including net lease assets. Investment sales volume in the sector in 2017 will likely end up flat with 2016 levels, industry sources say. The first quarter of 2017 ended with about $11.43 billion in sales involving office, industrial and retail single-tenant net lease assets, according to research from Stan Johnson, a national net lease brokerage firm. That figure paced very closely to the first quarter of 2016, when $11.89 billion in net lease sales closed. Across properties in the sector, first quarter 2017 cap rates averaged 6.24 percent, Stan Johnson reports, just above the 6.23 percent average for the same period last year. “Certainly, activity was down in the first quarter. We expect activity to end about flat this year; any movements will be nominal, at plus or minus 5 percent,” says Patrick Nutt, managing director at Calkain, a boutique net lease brokerage and advisory firm. Investment sales volume is expected to pick up in the second and third quarters, sources say. Many investors “assumed Clinton would be elected, and we would continue [Obama administration policies] in a low growth, low interest rate environment. When Trump won, investors retrenched, they had to understand what that meant micro-economically,” Nutt adds, noting Calkain observed about four months of investor hesitation to commit capital. Investors instead used their dollars to ride the equity markets. “The first quarter lull was a wait-and-see, with some people doubling down on the...
Nearly 40% of Canadians lack fiscal stability – survey
News Canadian Real Estate Magazine   May 26, 2017   91   0   0   0   0   0
A new survey conducted by IPSOS for Toronto-Dominion Bank showed that close to 40 per cent of Canadians (around 10 million) experienced inconsistent and/or unstable month-to-month income over the past year, with incomes shifting by as much as 25 per cent for an estimated 3.3 million working adults.   “Our findings suggest that impact is both pervasive and profound – making it hard for many people to live the life they want today, let alone plan for and feel confident about their future,” TD Bank Group CEO and president Bharat Masrani told RCI.   Prosper Canada CEO of national charity Elizabeth Mulholland said that these numbers only confirm the dire need for a “sea change” in the availability of opportunities for financial stability among Canadian households.   “Rising income volatility appears to be making it far more challenging for households at all income levels to manage financially, but Canadians with lower incomes are really feeling this most sharply,” Mulholland noted.   In addition, a study by Manulife Bank of Canada uncovered an 11 per cent increase in mortgage debt last year, up to $201,000.Around half of those surveyed (51 per cent) had $5,000 or less allocated for financial emergencies, while 20 per cent have no funds set
Cottage country heating up from Toronto’s boomers
News Canadian Real Estate Magazine   May 26, 2017   87   0   0   0   0   0
A wave of equity-rich older people from Canada’s most in-demand housing market is beginning to heat up Muskoka and Haliburton, according to real estate agents in the area.   Most of these would-be buyers are aged around 50, and are seeking quieter locales farther north for retirement or telecommuting purposes, the Toronto Star reported.   While the Toronto housing segment has recently entered a period of slightly more moderate activity, its impact on “cottage country” remains undeniable, according to Lakelands Association of Realtors president Mike Taylor.   “We haven’t seen a slowdown like the Toronto market has over the last month as yet, but it may be filtering our way.As the end of May comes and we are getting more listings put on the market for waterfront, it will be interesting to see how that all plays out,” Taylor stated.   Latest numbers from the Association revealed that waterfront property sales in Muskoka, Haliburton, and Orillia went up by 5.1 per cent year-over-year, while sales volume dramatically shot up by 51.4 per cent in the same time frame (up to $118.1 million).   Royal LePage Lakes of Muskoka–Clarke Muskoka Realty broker Bob Clarke noted that a contributing factor is the record-low supply level of
Investors vote to protect their houses
News Canadian Real Estate Magazine   May 26, 2017   97   0   0   0   0   0
When asked whether marijuana regulations should prohibit growing in rental units, CREW readers voted massively in favour. A whopping 89% said the government update pot rules to prohibit growing in rentals;compared to 8% who said no and 2% to are undecided. “I believe they should since renters have no to stake in the property and how much damage that could be done to the home,” one CREW reader wrote in the forum.“Who will know how many plants were grown in the home?Owners will have to be vigilant when drafting rental agreements.” The Cannabis Act was introduced in the House of Commons earlier this week.Under the act, adults will be permitted to grow as many as four marijuana plants in their homes. The announcement has one landlord group calling for reform already. "Fundamentally we want marijuana growing to still be prohibited in rental units and in multiple-dwelling units, (including) condos (and) co-operatives," The Canadian Federation of Apartment Associations President John Dickie told CBC News."Because, from that point of view, there are impacts on the neighbours." There are also concerns about the impact grow-ops can have on the resale value of a home because of the stigma attached to those homes. Growing plants in-house can also cause mould issues and increase the possibility
 
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Canadian Real Estate CanadianREI   May 25, 2017   97   0   0   0   0   0
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Canadian Real Estate CanadianREI   May 25, 2017   102   0   0   0   0   0
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10 Must Reads for the CRE Industry Today (May 25, 2017)
 
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Canadian Real Estate CanadianREI   May 25, 2017   93   0   0   0   0   0
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 10 Must Reads for the CRE Industry Today (May 19, 2017) May 19, 2017
More Optimism About U.S. Buying Climate Signals Spending Rebound
 
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Canadian Real Estate CanadianREI   May 25, 2017   96   0   0   0   0   0
(Bloomberg)—Consumer spending may be set to emerge from a weak first quarter as Americans last week became more upbeat about the buying climate than at any time in the last 15 years and optimism about personal finances reached a decade high, Bloomberg Consumer Comfort Index figures showed Thursday. Highlights of Bloomberg Consumer Comfort (Week Ended May 21) Buying-climate gauge jumped to 46.7, highest since December 2001, from 44.8 Measure of  personal finances increased to 62.1 last week from 60.6 Sentiment about  national economy eased to 43.9, lowest since February, from 45.3 Overall comfort measure was 50.9 after 50.2 Key Takeaways Americans are gaining confidence in their financial well-being amid buoyant stock prices and improving property values, and steady job gains should give way to burgeoning wage growth. At the same time, their soaring post-election optimism about the U.S. economy continues to evaporate. Together the gauges paint a picture of still-strong consumer comfort that should help keep household purchases as the engine of growth as the economy emerges from a soft patch at the start of 2017. Other Details Sentiment in the Northeast soared to 54.6, the highest since March 2007, from 51.4; comfort also rose to a nine-week high in the West while easing in the South and Midwest Comfort continues to be divided along party lines, with Republicans’ sentiment outpacing that of Democrats and political independents Full-time workers were the most upbeat since early April, while sentiment among unemployed respondents was at a four-week high, showing...
Why One CMBS Investor Still Sees Value in Regional Malls
 
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Canadian Real Estate CanadianREI   May 25, 2017   91   0   0   0   0   0
Mention regional malls these days and images of shuttered stores pervade the public imagination. For retail real estate investors, some of that is grounded in truth. Since the beginning of 2017, more than 10 retail chains have filed for bankruptcy and about 40 have announced store closings, according to “U.S. CMBS Retail Exposure Bears Scrutiny,” a recent analysis from Fitch Ratings. Yet the data does not necessarily mean doom for all corners of the retail real estate market, at least to investors like Brad Friedlander, portfolio manager for Atlanta-based Angel Oak Capital Advisors. NREI caught up with Friedlander to discuss what’s currently happening in the retail sector and how it goes about finding value for its portfolios. NREI: Can you provide an overview of Angel Oak Capital Advisors’ investment parameters? Brad Friedlander: We are a fixed-income investment firm. We take an alternative approach for investors to get real estate exposure. We manage a large public mutual fund, the Angel Oak Multi-Strategy Income Fund, as well as a high-yield corporate bond strategy, the High Yield Opportunities Fund; and a fund called the Flexible Income Fund, which is a public fund. We also manage hedge funds. NREI: When looking at the CMBS market, what are your investment parameters? Brad Friedlander: We would be part of the [CMBS investor group] through the new issuance cycle. We’re also able to pick up secondary market paper. A lot of debt is 10 years old, but we actually favor the ones that are...
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