British Columbia / Alberta
Office
Cadillac Fairview Sells 26-Storey Calgary Office For $16.9M To Enright Capital
The office building sits at 635 8th Avenue SW in Calgary and was acquired by Calgary-based Enright Capital.
Oct 29, 2024
Industrial
TransLink Pays $85.6M For Two Industrial Properties In Surrey
TransLink has acquired 13221 76th Avenue and 7678 132nd Street, two properties adjacent to the Surrey Transit Centre.
Policy
Poilievre Pledges To “Axe” GST From New Homes Under $1M
“Getting rid of the GST on new home builds will stimulate 30,000 additional homes built every single year, which, incidentally, will actually generate more income tax revenue for the government without raising rates,” Poilievre told reporters on Monday.
Industry
Waterstock Properties' Surrey Southend Village Master Plan Under Foreclosure
Waterstock Properties was planning four buildings along 16 Avenue in Surrey, near Peace Arch Hospital.
Superbly Located Development Site Hits The Market At Bay And Dundas
The 0.34-acre site includes holding income through existing tenants, unparalleled connectivity to transit, and the potential to build a 59-storey mixed-use development.
Real Estate News
StatCan Unveils First Renovation Price Index, Reports Most ‘Cost Pressure’ On West Coast
“There has been growing interest in understanding price changes in this sector in recent years, as increasing renovation activity has led residential renovations to account for a growing share of gross fixed capital formation in residential structures,” StatCan said on Friday.
Listed Country
685-Acre Buck Lane Ranch In BC Southern Interior Hits Market For $15.5M
This property is in a remote location — the closest major city is Penticton, about a two-hour drive away — but with ranch properties, that's oftentimes exactly the appeal.
Listed Country
Waterfront Oasis With Private Dock On BC's Gabriola Island Asks $2.5M
This arts-and-crafts-style home is currently on the market with an asking price of $2,499,000. And it's more than a work of art; it's a masterpiece.
Economy
RBC Already Calling For Another 50-Bps Interest Rate Cut In December
“We continue to expect one more 50-bps rate cut from the BoC this December to bring the overnight rate to the top end of the BoC’s estimate of its neutral range (3.25%) before a return to a more gradual pace of easing in 2025.”
Industry
Prop-Tech Platform Spark Announces “Strategic Acquisition” Of Juniper
“The acquisition of Juniper extends the Spark offering beyond the sales and marketing timeline, and into completion, warranty management and homeowner care, covering more of the real estate development journey.”
Development Projects
PCI Developments Refines Twin 39-Storey Spring Street Project In Port Moody
The transit-oriented development is planned for 60 Williams Street and 3006-3020 Spring Street and will also include a public transit plaza adjacent to Moody Centre Station.
Industry
CREA Members Vote To Shift REALTOR.ca To For-Profit
Earlier today, CREA members voted to transition Canada's leading MLS site Realtor.ca into a for-profit entity.
Listed Country
Inside The Award-Winning Inukshuk Chalet At BC's Big White Ski Resort
The cozy Inukshuk Chalet sits at 620 Feathertop Way, overlooking the ski run at the Big White Ski Resort.
Economy
Bank Of Canada Goes Big With 50 Bps Interest Rate Cut, Largest Since 2020
Wednesday’s interest rate decision brings the policy rate down to 3.75% in the largest cut from the Bank since 2020.
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