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Winnipeg Real Estate Agent Gets License Suspended for Concealing Home’s Defects

Winnipeg Real Estate Agent Gets License Suspended for Concealing Home’s Defects

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

A Winnipeg real estate agent had his license suspended and was fined for concealing the defects in a home prior to its sale and then lying to investigators about his actions. CBC News reported Mahmood Peyawary bought a home in the Westdale section of Winnipeg in March...
Morguard Breaks Ground on Rental Community in Mississauga

Morguard Breaks Ground on Rental Community in Mississauga

by Phil Hall | Oct 11, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The real estate and property management company Morguard Corporation (TSX: MRC) has begun construction of as new purpose-built rental community in the Port Credit section of Mississauga, Ontario. The new development will encompass one nine-story and two eight-story...
Moscow’s Luxury Housing Market Sales Hits Record High

Moscow’s Luxury Housing Market Sales Hits Record High

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

Moscow’s luxury housing market recorded a record-breaking $1.8 billion in sales during the first nine months of this year. According to a report from the Russian business news site Vedomosti citing data from the real estate firm NF Group, 1,270 luxury apartments were...
Ares Management Corporation to Acquire GCP International

Ares Management Corporation to Acquire GCP International

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

Ares Management Corporation (NYSE: ARES) announced it will acquire the GCP International, the global business of GLP Capital Partners Limited, for approximately $1.8 billion in cash and approximately $1.9 billion in Ares Class A Common Shares. According to the...
Competition Bureau Begins Probe into Canadian Real Estate Association

Competition Bureau Begins Probe into Canadian Real Estate Association

by Phil Hall | Oct 3, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Competition Bureau, the independent law enforcement agency in charge of regulating competition in Canada, has obtained a court order to advance its investigation into potential anti-competitive conduct by the Canadian Real Estate Association (CREA) related to...
Toronto Home Sales Up While Prices Drop

Toronto Home Sales Up While Prices Drop

by Phil Hall | Oct 3, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Home sales were up in the Greater Toronto Area (GTA) during September while prices were down, according to new data from the Toronto Regional Real Estate Board (TRREB). A total of 4,996 home sales were recorded through TRREB’s MLS System last month, up 8.5% from the...
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