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Bullish signals are now present in the Canadian office market, but overall improvement is still needed.
In the second quarter, the top office market in Canada has shown positive signs, with vacancy rates decreasing for two consecutive quarters. However, the overall market situation is still grim, with vacancy rates remaining high above pre-epidemic levels. Reports show that the vacancy rate of Grade A office buildings has decreased, but the prospects for Grade B and C office buildings are not optimistic.
Forced multi-unit renovation promotes housing reform, can BC Province's new policies shape a residential paradise?
On June 30th, the BC government will require all major cities in BC to allow the construction of more residential units on land currently designated as single-family or duplex residences.
Statistics Canada on the New Housing Price Index for May 2024
The national index rose by 0.2% in May compared with April with prices growing in 10 of the 27 census metropolitan areas (CMAs) surveyed.
With an increase in housing stock, a decline in sales, and a decline in operating rates, where will Canadian real estate go in the context of high interest rates?
The number of listings in the Canadian real estate market surged, and listed inventory recorded the biggest monthly increase on record, as demand for home buyers weakened amid high interest rates.
Madison Pacific Properties Swings to Loss for 6 Months Ended Feb. 29 on Tax Provision
Madison Pacific Properties (MPC.TO), a Vancouver-based real estate company, over the weekend reported a net loss of $43.4 million, or $0.73 per share, for the six months ended Feb. 29, compared with n
Madison Pacific Properties Inc. Announces the Results for the Six Months Ended February 29, 2024
VANCOUVER, British Columbia, April 12, 2024 (GLOBE NEWSWIRE) -- Madison Pacific Properties Inc. (the Company) (TSX:MPC), a Vancouver-based real estate company announces the results of operations for the six months