Alberta economy has ‘healthy pulse’ as Calgary’s office space glut finally stabilizes, reports say

There was also good news in the latest report from CBRE, the largest commercial real estate and investment firm in the world. In its 2018 Canadian Real Estate Market Outlook, it says vacancy rates will finally stabilize in Calgary, after two years of worsening numbers, as the recovery in Alberta takes hold …
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Early Moves to Watch – Canada Goose Holdings Inc (NYSE: GOOS)

The S&P 500 fell 1.27 percent to finish at 2,744.28 as real estate, consumer discretionaries and telecommunications pulled the broader market lower. The Dow and S&P remain 4.5 percent and 4.4 percent off their all-time highs respectively. The Nasdaq composite fell 1.23 percent to close at 7,330.35 …
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Kanata office vacancy rate to hit 10-year low: CBRE

“Investors are not shying away from Canadian commercial real estate,” said CBRE Canada executive managing director Paul Morassutti. “We have record low vacancy rates, record low unemployment, increasing institutional allocation to real estate and supportive immigration that fuels population …
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Canada: Case Summary: Vanderveen v Waterbridge Media Inc.

The Defendant Waterbridge Media "Waterbridge" was commissioned to produce a sales video for a real estate developer to market an unbuilt residential condominium project in an Ottawa neighborhood. The video showcased the local area including restaurants, coffee shops, public transit points, …
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Commercial property deals in Canada set record at $43 billion

“Despite the relatively late stage in the cycle, investors are not shying away from Canadian commercial real estate,” Paul Morassutti, executive managing director for CBRE Canada, said in the statement. “We have record-low vacancy rates, record-low unemployment, increasing institutional allocation to …
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Canada: Coming Soon To A Backyard Near You???

Late last year, City council approved a backyard chicken pilot project which will allow residents in four wards (Ward 5:Etobicoke-Lakeshore; Ward 13:Parkdale-High Park; Ward 21:St. Paul's and Ward 32 Beaches, East York) to keep up to four chickens in their backyards. The eggs they produce are …
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Canada: US Partnership Interest Sale Triggers 10 Percent Withholding

The new provisions of the Code apply FIRPTA treatment to a partnership interest in the United States that is not tied to real estate. This tracking is onerous for the partnership and impedes a non-US partner from selling a US partnership interest that is not tied to US real estate to another non-US partner.
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