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Canadian Tire Corp. Acquires 10 Bed Bath & Beyond Leases

Canadian Tire Corp. Acquires 10 Bed Bath & Beyond Leases

by Phil Hall | May 2, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Canadian Tire Corp. Ltd. (TSX: CTC, CTC.A) announced the expansion of its retail store presence through a $1.6 million acquisition of 10 real estate leases formerly held by Bed, Bath & Beyond (NASDAQ:BBBY). The 10 leases combined represent more than 242,000 square...
Survey Details Canadian Homeowner Agitation Over Rising Mortgage Rates

Survey Details Canadian Homeowner Agitation Over Rising Mortgage Rates

by Phil Hall | May 2, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Canadian homeowners are pessimistic over the prospect of maintaining their mortgage payments in the wake of rising rates. According to a new study from the nonprofit Angus Reid Institute that polled 1,600 Canadian adults, nearly one-third (30%) of respondents said...
Toronto’s Starlight Investments Enters UK Build to Rent Market

Toronto’s Starlight Investments Enters UK Build to Rent Market

by Phil Hall | May 2, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Toronto-based Starlight Investments has launched a European residential asset management platform through of a collaboration with multiple global institutional partners that is focused on the U.K. Build to Rent (BTR) market. This new endeavor is Starlight’s...
New UK Blockchain Platform for Investing in African Real Estate

New UK Blockchain Platform for Investing in African Real Estate

by Phil Hall | May 1, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A U.K.-based digital platform is offering investors a new opportunity to become involved in Africa’s real estate market. Firmseed is providing a blockchain-based environment for fractional real estate investing, which allows individuals to own a portion of a property...
European Commercial Real Estate Deals at 11-Year Low

European Commercial Real Estate Deals at 11-Year Low

by Phil Hall | Apr 28, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

European commercial real estate dealmaking hit an 11-year low in the first quarter of the year, according to data published by the finance company MSCI (NYSE:MSCI). Approximately $40.3 billion in transactions occurred during the quarter, down 62% from one year...
New Forecast Points to Continued Challenges in Canada’s Housing Market

New Forecast Points to Continued Challenges in Canada’s Housing Market

by Phil Hall | Apr 28, 2023 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Recent Canadian home price declines from pandemic-era record highs are expected to cease in mid-2023, according to the latest Housing Market Outlook published by Canada Mortgage and Housing Corporation (CMHC). However, the average annual price for Canadian homes is...
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