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In Canada's oil capital, a real estate glut compounds the misery

In Canada's oil capital, a real estate glut compounds the misery
businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.

United States , Nova Scotia , British Columbia , Van Dijk , Ray Wong , Todd Throndson , Avison Young , Jason Kenney , Roelof Van Dijk , Strategic Group , Altus Group , North America , Brookfield Place , Premier Jason Kenney , Canadian Select ,

Real estate bubble ready to burst?

Author of the article: Nicole McKnight
Publishing date: Apr 25, 2021 • 3 hours ago • 2 minute read •
Housing starts are at an all-time high, meaning supply will eventually catch up to demand, says one expert. SUPPLIED
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Article content
Experts weigh in on whether it’s a speculative bubble or pandemic trend
Many experts are astounded at the prices of recent sales in some of Canada’s major markets. Media stories about bidding wars and homes selling as soon as they hit the market for hundreds of thousands over asking are everywhere. Such a frothy market has experts wondering if the bubble will burst and put Canada’s economic recovery at risk. ....

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Decluttering and new façades revitalize aging commercial buildings

The Globe and Mail
Wallace Immen
Published April 13, 2021
Tom Arban/Handout
The St. Clair Centre in Toronto’s midtown was an elegant design when it was built 50 years ago, but it had become cluttered and drafty as scores of different tenants made alterations to the building over the years.
“Inside, only 50 per cent of the building could be leased to tenants. The rest of it had become corridors, storage and unusable space,” says Steven Paynter, principal at Gensler, a global architecture and design firm, which did a total rethink of the building at Yonge and St. Clair inside and reclad the exterior to eliminate air leakage. ....

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