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Found 25 results

  1. du NationalPost Nobody is selling real estate and few are buying it, so how do you value it? The question dominated a panelist discussion that included the leaders of some of the largest real estate companies in the world. The consensus at the 14th annual North American Real Estate Equities conference, put on by CIBC World Markets, is the Canadian market will see little activity in 2009. Pinned down on what Toronto's Scotia Plaza might fetch in today's market, Andrea Stephen, executive vice-president of Cadillac Fairview Corp., said she couldn't answer. "It is difficult becaus
  2. Vacancy rates keep rising in third quarter for Canada's commercial real estate sector, report shows (CP) – 44 minutes ago TORONTO — The amount of empty office space across Canada continued to rise in the third quarter due to higher unemployment in white-collar industries and excess inventory in some cities, a new report shows. Vacancy rates for commercial real estate are expected to keep rising "well into 2010" as the country works through the impact of the recent recession, CB Richard Ellis Ltd. said in report released Monday. Vacancy rates rose for the third straight quarter to
  3. Discard your stereotypes: people in the U.S. own fewer passenger vehicles on average than in almost all other developed nations. Americans love cars. We pioneered their mass production, designed iconic autos from the Model T to the Deville to the Corvette, and are a major exporter as well as importer. It's practically a part of the American national identity. But it turns out, according to a new paper from the Carnegie Endowment for International Peace on worldwide car usage, that American per capita car ownership rates are actually among the lowest in the developed world. The U.S. is
  4. Foreclosures, immigration linked in report Areas hit hardest have high percentage of foreign-born heads of household By Timothy Pratt (contact) Wed, May 13, 2009 (2 a.m.) Las vegas Sun Counties with high foreclosure rates also tend to have large immigrant populations, according to a Pew Hispanic Center report released Tuesday. The study ranked Clark County sixth nationwide in foreclosure rates last year with 8.9 percent of the valley’s houses in the courts. Nearly 1 in 4 heads of household locally were foreign-born, much higher than the national rate of 4.7 percent. Half of thos
  5. Cleaned up? Not so much One-Quarter of Montrealers see problem behaviour in their neighbourhoods The view on St. Antoine St. W. Almost a quarter of Montrealers said social incivility in one form or another is a problem in their neighbourhoods. Fifteen per cent mentioned drug use and five per cent specified prostitution. CHRISTOPHER MAUGHAN, The Gazette Published: 20 hours ago Montreal has been known as "sin city" for the better part of a century, ever since Americans started coming here to drink freely during the Prohibition era. A new survey suggests little has changed sin
  6. Cities Grow at Suburbs' Expense During Recession By CONOR DOUGHERTY U.S. cities that for years lost residents to the suburbs are holding onto their populations with a mix of people trapped in homes they can't sell and those who prefer urban digs over more distant McMansions, according to Census data released Wednesday. Growing cities are growing faster and shrinking cities are losing fewer people, reflecting a blend of choice and circumstance. In Chicago, Matthew Sessa and his wife sold their townhouse and decided against buying a four-bedroom house in the suburbs. They bought
  7. Ste. Catherine St. has top lease rates Tied with Bloor St. in Toronto. Most expensive retail corridors in Canada By LYNN MOORE, The Gazette June 8, 2010 Toronto's Bloor St. and Montreal's Ste. Catherine St. are Canada's most expensive retail corridors, according to Colliers International's 2010 Global Retail Report, released yesterday. Ste. Catherine St. is tied in 32nd position with Toronto's Bloor St. on the global list of shopping hot spots. Merchants in the two most popular Canadian shopping areas pay an average lease rate of $300 per square foot, according to the
  8. Prepare for home prices to drop Most Canadian housing markets overpriced, UBC study finds With Metro Vancouver past the peak of its current real-estate market cycle, more discussion is emerging about what the cycle's downside will look like. The latest discussion points lean towards a price correction in the double digits, with one study showing current Vancouver house prices overvalued by 11 per cent on a particular measure and an economist observing that prices are falling at a rate of 10 per cent or more this year. University of B.C. real-estate economist Tsur Somerville was le
  9. Read more: http://www.montrealgazette.com/Montreal+149th+best+place+live+Canada/6329887/story.html#ixzz1pgyzR8Wp Not sure how Winnipeg is 10th? Isn't that place the crime capital of Canada?
  10. (Courtesy of the Financial Post) :confused: Okay, I pay the bank like what $4 a month. That 0.13% for someone that has $50 million the bank, is going to lose like $65,000 per month ($780,000 per year). I have a feeling many people that deal with custodian banks, will look somewhere else. I guess the banks had to go after their largest customers.
  11. McGill College office space experiencing a revival By Allison Lampert, Montreal Gazette October 6, 2010 When 1981 McGill College was sold two years ago, the new owners were purchasing an office building that would soon be almost a third empty. At the time, a major tenant, the law firm Ogilvy Renault, which occupied about 177,000 square feet out of 630,000 square feet of leasable space, was moving to Place Ville Marie. "It's a risk that we took," said Martin Rousseau, leasing director for the new owner, Industrial Alliance Insurance and Financial Services Inc. "But now it's
  12. (Courtesy of The Globe and Mail) Weak loonie or strong loonie we get screwed I bet if C$1 = US$1.20 we would still get ripped off.
  13. ...de Only The Lonely (SSP) J'ai toujours été curieux de voir de vraies statistiques sur l'obésité, autres que fameux 36% d'Américains... Montréal est plutôt dans le milieu de ces métropoles, mais parmi les 6 plus peuplées, seule Calgary est plus obèse. Tout ça malgré le fait qu'on ait le moins de fast-foods par habitant? 21,2 % est bien pire que j'imaginais, il me semble qu'on parlait de ~16% pour le Canada (il y a 2-3 ans). Aussi, Only The Lonely fait remarquer quelque chose d'intéressant :
  14. Office vacancy rates to go even higher: report Financial Post Published: Wednesday, August 05, 2009 Neither Calgary nor Toronto can expect any immediate relief, as both will see millions of square feet of new supply coming onto the market over the next 24 to 36 months (seven million for Calgary and five million for Toronto). Sean DeCory/National Post Neither Calgary nor Toronto can expect any immediate relief, as both will see millions of square feet of new supply coming onto the market over the next 24 to 36 months (seven million for Calgary and ... OTTAWA -- Vacancies in Canada'
  15. Avison Young Montreal | 2008 Review and 2009 Forecast | 2008 In Review At the start of 2008, a strong Canadian dollar negatively impacted the province’s export industry. However, Montreal still posted positive economic growth of 1.7% for the year.2008 was a challenging year for the Montreal economy. The combination of a strong Canadian dollar for most of the year and the recent financial crisis in the United States negatively impacted the province’s export industry. Quebec’s economy is positioned in industrial sectors that are lagging or in a slump, such as the clothing, fores
  16. Montreal is approaching 2011 at full speed August 25, 2010 - John Clinkard (Market Insights) As Montreal heads into the second half of 2010, it’s clear that the city must be doing something right. For the past seven months it has consistently exhibited stronger year-over-year job growth than all but two of the 10 largest metro areas in the country. Job growth has been particularly strong in wholesale and retail trade (+35,200), followed by finance insurance and real estate (+25,800); health services (+17,900); construction (+17,200); accommodation and food services (+10,600); an
  17. July 28, 2010 Economic Snapshot Office vacancy rates hit five-year high, despite uptick in office jobs JOHN CLINKARD consulting economist, CanaData The national office vacancy rate reached 9% in the second quarter of 2010, continuing a trend that started in the fourth quarter of 2008. This rate was up from 8.8% in the first quarter and was its highest level since the second quarter of 2005. According to the most recent numbers from Cushman & Wakefield, the increase was largely due to the addition of 1.5 million square feet of new supply. And it occurred despite the
  18. Je pense que ça va vous faire plaisir... LORI MCLEOD Globe and Mail Update April 16, 2008 at 1:43 PM EDT Montreal has edged ahead of midtown Manhattan to create an all-Canadian list of the top five office rental markets in North America in the first quarter of 2008, according to a study released Wednesday by real estate brokerage Cushman Wakefield & LePage. Canada's five largest cities had the lowest office vacancy rates of the 15 major leasing markets in North America in the first three months of the year, according to Cushman Wakefield's data. Downtown Montreal t
  19. Immigrants' children more likely to graduate from university Statistics Canada's new study. Close-knit South American family has played major role in her success, student says SHANNON PROUDFOOT, Canwest News Service Published: 8 hours ago The odds of celebrating a university graduation vary widely for young adults in Canada, largely depending on where their parents were born, according to a new study from Statistics Canada. The children of immigrants are more likely to toss a graduation cap in the air than their peers with Canadian-born parents. However, the children of Chine
  20. 10. Port Richey, Florida: $59,900 9. Holiday, Florida: $59,900 8. Youngstown, Ohio: $57,550 7. Dearborn Heights, Michigan: $55,000 6. Whiting, New Jersey: $52,450 5. Warren, Michigan: $49,900 4. Redford, Michigan: $40,000 3. Gary, Indiana: $39,900 2. Flint, Michigan: $31,950 1. Detroit, Michigan: $21,000 Cities Where Homes Cost Less Than a Car July 20, 2012 by 247wallst Source: Flickr - Marshall Astor For many Americans, homeownership is the epitome of living the American dream. Yet, in towns with high tumbling home prices and double-digit vacancy rates, median-priced hom
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