CALGARY— This year has registered the second best nine-month start on record for commercial real estate transactions in the Calgary region, says a report by RealNet Canada Inc.
So far this year after three-quarters, total dollar volume in sales of all commercial assets has reached $3.394 billion with 332 transactions.
Read more: http://tinyurl.com/b66hmon
Homeowners and developers continued wrestling Tuesday over a contentious commercial complex being proposed in Springbank.
A scaled-down version of the Bingham Crossing project was back on the table during a land-use hearing hosted by RockyView County.
Read more: http://tinyurl.com/d2mheqf
CALGARY—Calgary’s commercial real estate investment market saw a significant 111 per cent dollar volume increase in the first half of this year compared with a year ago, says a report released Thursday by Avison Young.
Read more: http://tinyurl.com/cwjz6m8
CALGARY— The million-dollar question these days in Calgary’s commercial real estate sector is just where the downtown office market is headed after a few years of exceptional leasing activity.
During a panel discussion Wednesday at the Calgary Real Estate Forum, moderator Randy Fennessey, president of Colliers International in Calgary, said the city’s downtown office market over the last couple of years has been “very dynamic” with more than five million square feet of absorption over close to three years.
Read more: http://tinyurl.com/8qgnewu
CALGARY— Vendors remained firmly in the driver’s seat as Calgary’s commercial real estate market exhibited strong momentum in the first half of 2012, according to the RE/MAX Commercial Investor Report released Wednesday.
Read more: http://tinyurl.com/d5sem2y
MISSISSAUGA, ON, Oct. 17, 2012 /CNW/ – While residential housing sales may be slowing in some parts of the country, demand for commercial real estate continues to climb, according to a report released today by RE/MAX.
The RE/MAX Commercial Investor Report, highlighting trends and developments in nine Canadian centres—Greater Vancouver, Calgary, Edmonton, Regina, Winnipeg, London, Greater Toronto, Ottawa, and Halifax-Dartmouth—found that almost all markets saw an increase in commercial sales and dollar volume over the six-month period ending June 30, 2012. Canadian and foreign investors are behind the push, snapping-up apartment buildings and small strip malls given continuing low interest rates and a generally bullish tone for the Canadian economy. Private investors, in particular, have gained a serious foothold in recent years, spurring demand for entry-level properties such as multi-unit residential, suburban and urban retail storefronts, and smaller office buildings.
Read more: http://tinyurl.com/bmvcfvr
Homeowners are paying an increasing proportion of property taxes in Vancouver and Toronto– but not in Montreal, where businesses are increasingly picking up the tab.
That’s the finding of a report to be released Monday by the Real Property Association of Canada, which represents large commercial real estate developers, including real estate investment trusts (REITs), banks and pension funds. The industry argues that business is shouldering too much of the property-tax burden, decreasing the ability of cities to attract companies and jobs.
Read more: http://tinyurl.com/8vs7q7a
Tucked within an encouraging report on building permits for the year is the fact that as far as new commercial development, Medicine Hat is close to being shut out this year.
Read more: http://tinyurl.com/9tbx7uv
EDMONTON – A plan to consolidate civic staff downtown could spur the construction of Edmonton’s largest office tower, a commercial real estate agent says.
The city put out a formal request this week for interested building owners to outline what space they could provide, what it would cost and other details.
Read more: http://tinyurl.com/9s4vfzc
When Murray Barker goes shopping, he ignores the advertisements and looks for cars. Using a wheelchair to move around the city, Baker said many drivers are distracted looking at commercial signs, and don’t watch out for pedestrians.
Providing complimentary donuts and ballots, the St. Albert trail improvement plan committee set up its tables last Saturday to seek the public’s input. They met local business owners and shoppers at St. Albert Place to ask what they thought was necessary to improve the city’s busiest commercial district.
Read more: http://tinyurl.com/8reppku