The seasonally adjusted annual rate for housing starts in Canada was down by a scant 0.2% in May, with 279,510 units compared to the 280,181 units in April. According to data from the Canada Mortgage and Housing Corporation (CMHC), actual housing starts were up 9%...
CityBlue Hotels, the Africa-focused lodging chain, has partnered with the Kenyan developer SMB Properties to launch the 256-unit Le Mirage Residences by CityBlue, a luxury residential tower in Kenya’s capital city of Nairobi. According to the companies, Le Mirage...
Australia’s commercial property market size reached $33 billion in 2024 and is projected to grow to $78.5 billion by 2033, with a compound annual growth rate of 9.3% during the forecast period. According to a new IMARC Group report titled “Australia Commercial...
A coalition of affordable housing, tenants’ rights and anti-poverty activist groups is planning to hold a march through downtown Toronto on June 14 to protest what they describe as a housing crisis created by “corporate greed and government inaction.” In a press...
A total of 4,992 single-family home sales were recorded in the Montreal Census Metropolitan Area during May, a 10% year-over-year increase and a 13% spike from two years before. Last month’s total of 22,462 active listings for single-family homes was unchanged from...
Different strategies for financing new stadiums, problematic approaches to cutting property taxes, and a misguided attempt to generate five-star online reviews. From the wild and wooly world of real estate, here are our Hits and Misses for the week of June 2-6. Hit: A...
