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Canadian love affair with Manhattan real estate seen continuing
2016-02-05 21:33:51| Real Estate - Topix.net
Feb 5 Strong Canadian investment in the Manhattan commercial property market is expected to continue this year after quadrupling and hitting a record level in 2015, real estate specialists said. Canadians accounted for almost a third of the $25.6 billion in foreign capital that poured into Manhattan commercial properties last year, with investment swelling to $8.3 billion from $1.97 billion a year earlier, according to data from Real Capital Analytics.
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Real estate agents fined over deal which made $165,000
2016-02-05 16:21:21| Real Estate - Topix.net
Three North Shore real estate agents have been found guilty of unsatisfactory conduct after they were involved in a deal where one bought a property the other was selling, then onsold it a few weeks later for an extra $165,000. A complaints assessment committee of the Real Estate Agents Authority has released a decision on the agents who worked for Shoreside Real Estate, trading as Ray White Milford: Mr Hyun Park, Ms Won Ok Oh and Ms Mary Youngshin Watkins.
B.C. budget to address Vancouver's hot real estate market
2016-02-05 06:33:05| Real Estate - Topix.net
Premier Christy Clark chats with B.C. Finance Minister Mike de Jong before tabling the 2014 provincial budget. The 2016 budget of Feb. 16 will address Metro Vancouver's superheated real estate market, Mr. de Jong says.
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Alexandria Real Estate Equities Inc (ARE) Lowered to "Hold" at Zacks Investment Research
2016-02-04 01:55:31| Real Estate - Topix.net
According to Zacks, "Alexandria Real Estate Equities, Inc., Landlord and Developer of Choice to the Life Science Industry, is a publicly-traded real estate investment trust focused principally on the ownership, operation, management, selective redevelopment, development and acquisition of life science properties. Our properties are designed and improved for lease primarily to institutional, pharmaceutical, biotechnology, medical device, life science product, service, biodefense and translational medicine entities, as well as governmental agencies.
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Real estate market drop has been good to some first-time buyers
2016-02-03 19:58:23| Real Estate - Topix.net
There's no denying that the current economic climate has many Albertans feeling anxious, but for 21-year-old Calgary homebuyer Brandon Jacklin, it made sense to invest and buy a new home now. "My realtor told me it would be a good time to buy based on the market going down a bit."
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