International News
New Board Chairman Appointed at QuadReal Property Group
R. Scott Hutcheson replaces Thomas Garbutt, who is stepping down after serving as chairman since 2018. Continue Reading New Board Chairman Appointed at QuadReal Property Group
Canadian Rental Housing Vacancy Rate at 3.1%
Toronto’s purpose-built apartment vacancy rate hit 3% for the first time since the pandemic. Continue Reading Canadian Rental Housing Vacancy Rate at 3.1%
European Central Bank Cuts Rates for Second Consecutive Month
This is the first time in 13 years that the ECB enacted back-to-back rate cuts. Continue Reading European Central Bank Cuts Rates for Second Consecutive Month
Sienna Senior Living Acquires Four-Property Portfolio in Alberta
The four properties encompass a total of 540 suites. Continue Reading Sienna Senior Living Acquires Four-Property Portfolio in Alberta
Canada Invests Nearly $71 Million into 207 Rental Units in Montreal
Funding for this endeavor will be provided through the Apartment Construction Loan Program. Continue Reading Canada Invests Nearly $71 Million into 207 Rental Units in Montreal
Australian Real Estate Agent Reportedly Flees Nation After Stealing $230,000 from Company
Debra Lawry was facing either the suspension or cancelation of her real estate license by Consumer Affairs Victoria. Continue Reading Australian Real Estate Agent Reportedly Flees Nation After Stealing $230,000 from Company
Coldwell Banker Expands Presence in Africa
The new franchise will focus on both residential and commercial clients. Continue Reading Coldwell Banker Expands Presence in Africa
New Ownership for Unfinished Ontario Condo Complex
At the moment, only one of the 15-story towers is more than halfway through construction. Continue Reading New Ownership for Unfinished Ontario Condo Complex
Winnipeg Real Estate Agent Gets License Suspended for Concealing Home’s Defects
Mahmood Peyawary is a Royal LePage agent who was both the seller and listing agent on the property. Continue Reading Winnipeg Real Estate Agent Gets License Suspended for Concealing Home’s Defects
Morguard Breaks Ground on Rental Community in Mississauga
“This project will enable residents to experience rental living at a higher level,” said Morguard Senior Vice President of Development Brian Athey. Continue Reading Morguard Breaks Ground on Rental Community in Mississauga
Moscow’s Luxury Housing Market Sales Hits Record High
1,270 luxury apartments were sold in Moscow between January and September. Continue Reading Moscow’s Luxury Housing Market Sales Hits Record High
Ares Management Corporation to Acquire GCP International
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...
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