A new report on commercial retail trends in Canada pointed to signs of an “upswing in demand,” with strength in retail and industrial sectors despite the ongoing struggles with office spaces
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Monthly Archives: June 2023
Streets Alive purchases downtown building to help reintegration efforts
Streets Alive Mission has acquired a new building to be able to continue helping those who are helping themselves get reintegrated into society.
Read more: https://tinyurl.com/2uf4sjac
Council looking to finalize rec centre strategy
Whether to maintain, modernize or expand city pools, arenas and rec centres may be debated at a special meeting of council to determine a direction for the bandied about issue, according to the head of a committee tackling it.
Read more: https://tinyurl.com/5n7ratkz
May sales reach a record high
Thanks to a significant gain in apartment condominium sales, May sales rose to 3,120, a new record high for the month. While the monthly gains have not outweighed earlier declines, this does reflect a shift from the declines reported at the start of the year.
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With housing in short supply, some resort towns pay landlords to rent to locals
Amber Kennedy worked at a pizza shop for the summer last year in Ketchum, Idaho. She was hoping to stick around in the resort town, but other seasonal workers told her and her roommates: “Don’t even try.”
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Home seekers face massive competition as private rentals disappear in big cities
Home seekers are scrambling for the increasingly scarce rental properties available in the free sector, housing platform Pararius reported based on its own figures. In the first three months of this year, there were an average of 33 requests for viewing or information about each vacant rental home, compared to only eight requests two years ago. According to Pararius director Jasper de Groot, this increase is related to a decrease in the number of available rental properties in large cities.
Read more: https://tinyurl.com/wy7csawa
Edmonton’s William Hawrelak Park renovations proceed without changes
Renovations at Edmonton’s William Hawrelak Park will proceed as planned despite public pushback over the risk of damage to hundreds of trees that will need to be protected.
Read more: https://tinyurl.com/uw573zcx
More Canadian cities are turning office towers into homes to save their downtown cores
Higher borrowing costs, inflation and office vacancies resulting from remote work are prompting investors to be cautious when it comes to commercial real estate, with industrial buildings used for distribution and warehousing providing bright spots in the sector, according to Re/Max.
Read more: https://tinyurl.com/p2bk4nrc
New home listings fall to record low as stock levels, prices flatten
The number of homes for sale nationwide has levelled out, and it could indicate the beginning of a market shift, Realestate.co.nz says.
Read more: https://tinyurl.com/3tu6xddw
Trail users discouraged by clear-cut logging plans for West Bragg Creek recreation area
Critics of a proposal to clear-cut in a popular hiking and biking wilderness area just west of Bragg Creek are pressuring Spray Lake Sawmills (SLS) to significantly modify their logging plans, while some are questioning why they have to send their harvesting crews into the area at all.
Read more: https://tinyurl.com/mrdzappj