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Canadian Home Sales Up in January

Canadian Home Sales Up in January

by Phil Hall | Feb 14, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Home sales activity recorded over Canadian MLS Systems in January was up by 3.7% from the previous month, according to the latest data from the Canadian Real Estate Association (CREA). The actual (not seasonally adjusted) monthly activity came in 22% above January...
Abhi Goel Joins Mantella Corp. as Director of Finance

Abhi Goel Joins Mantella Corp. as Director of Finance

by Phil Hall | Feb 13, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Mantella Corp., a Toronto-headquartered real estate and land development company, has hired Abhi Goel as a director of finance. Goel will be the lead within Mantella’s finance and accounting group, reporting directly to President and Chief Financial Officer Craig...
Omni Quality Living Acquires Long-Term Care Property

Omni Quality Living Acquires Long-Term Care Property

by Phil Hall | Feb 12, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Omni Quality Living, a portfolio business of the Hillcore Group that operates long-term care and retirement homes in Canada, has acquired the Wildwood Care Centre in St. Mary’s, Ontario. This is the company’s second acquisition in 12 months, following the March...
Marcus & Millichap’s IPA Capital Markets Division Expands into Canada

Marcus & Millichap’s IPA Capital Markets Division Expands into Canada

by Phil Hall | Feb 9, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

IPA Capital Markets, a division of Marcus & Millichap (NYSE: MMI), has recruited Jeff Wagner as senior managing director of capital markets in Toronto. Wagner brings over 20 years of commercial real estate experience, which includes closing over $2 billion in debt...
New Forecast Predicts 77,000 Home Sales for Greater Toronto Area in 2024

New Forecast Predicts 77,000 Home Sales for Greater Toronto Area in 2024

by Phil Hall | Feb 8, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Greater Toronto Area is expected to generate 77,000 homes sales during 2024, according to a new forecast from the Toronto Regional Real Estate Board (TRREB). The average selling price for all home types in the GTA market will reach $1.17 million this year, the...
OpenHouse.ai Raises $1.5 Million in Seed Funding

OpenHouse.ai Raises $1.5 Million in Seed Funding

by Phil Hall | Feb 7, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

OpenHouse.ai, a Calgary-based start-up that uses artificial intelligence (AI) to deliver real solutions to real problems in the home building industry, has closed on a $1.5 million seed funding round led by Trico Ventures Corp. with participation from home builders in...
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