British Columbia / Alberta

Bank Of Canada Cuts Interest Rate To 2.50% After Three Consecutive Holds
Economy

Bank Of Canada Cuts Interest Rate To 2.50% After Three Consecutive Holds

​This follows three consecutive holds from the central bank in April, June, and July.

Construction

Housing Starts Fall 16% In August, Pointing To Construction Slowdown

"If sustained, this adjustment in the level of housing starts would be consistent with both our forecast and current market intelligence indicating a slowdown in the pace of housing construction."

Development Projects

Holborn Submits Plans For 3 Tallest Towers In Vancouver, Including Supertall Hotel

The three towers proposed by Holborn are set for 501 and 595 W Georgia Street in Vancouver and include a 63-storey tower, a 68-storey tower, and a 79-storey tower.

Finance

Where Every Big Bank Stands On Wednesday's Interest Rate Announcement

We could be looking at a quarter-point interest rate cut this week, but a strong inflation reading on Tuesday could change the name of the game.

Real Estate News

Montreal, Ottawa Lead National Home Sales To Best August Since 2021

​National home sales have picked up 12.5% since March, and CREA economists are optimistic for a more active fall.

People

Ana Bailão Named Inaugural CEO Of Build Canada Homes

The former Toronto deputy mayor and housing advocate will lead Ottawa’s new federal housing entity, which Prime Minister Carney launched with $13B in funding on Sunday.

Policy

Build Canada Homes Launches With $13B In Funding And First Round Of Projects

The launch of Build Canada Homes comes after Mark Carney pledged to create a new federal housing entity during the election.

Listed Commercial

Connect Centre And Tower Development At Edmonton ICE District Listed For Sale

Avison Young and TD Cornerstone are marketing the Connect Centre — home to Loblaws CityMarket — along with air rights for a future high-rise next to Rogers Place.

Industry

Rennie Launches New Commercial Real Estate Brokerage

​Real estate services firm rennie has had commercial brokers for some time, but is now officially launching a commercial real estate brokerage called Rennie Commercial.

Multifamily

CAPREIT Sells International Plaza In North Van To Squamish Nation For $54.2M

The International Plaza Apartments in North Vancouver sit on reserve land and the transaction brings the property back under Squamish Nation ownership.

Development Projects

Beedie Submits New Design For Controversial Keefer Street Project In Chinatown

Ten years in the making, the 105 Keefer development has faced pushback, politics, and the courts. Beedie is trying again — with a new architect and design.

Industry

How Real Estate Podcasts Are Meeting Canadians' Demand For Answers

"The industry is infamous for tiptoeing around stuff... but people are really craving genuine discussions about what's happening."​

Industry

Exclusive: Keltic Development CEO Explains How Nexus Landed In Receivership

CEO Rachel Lei says Masimo’s withdrawal and loan amendments from SHAPE Capital left Keltic struggling to keep Nexus on track.