Blog

HSBC Emerging Markets Index shows growth declined: that’s a “good thing”

July 9, 2011

HSBC’s quarterly Emerging Markets Index showed growth declined to the lowest rate in two years in the second quarter. That’s a good thing, according to the Globe and Mail: (Emerging market) economies were growing too fast, threatening asset-price bubbles that would force policy makers to pump up interest rates and risk a sharp drop in growth [...]

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Big bump up for Calgary’s commercial real estate market

July 7, 2011

Calgary’s commercial real estate market is leading the country in the drop in office space vacancies, according to a report by by CB Richard Ellis Ltd. The report, the Calgary 2011 Market Outlook at a glance (PDF), states: A stronger oil & gas sector and increased foreign investment helped stabilize Calgary’s economy in 2010. Many shelved projects [...]

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“Significant” growth ahead for REITs

July 4, 2011

The retail asset class in Canada is still fairly fragmented, there is a pretty significant base of existing retail that private REITs can go after, according to League Assets in a recent interview in Property Biz Canada. Says Adam Gant, League Founding Partner: There is lots to go after so we can grow our portfolio pretty [...]

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Canadian REIT news: Walmart buys Zellers space

June 28, 2011

Back in January, HBC sold the bulk of its weakest chain, Zellers Inc., to U.S. retail giant Target. Target assumed control of up to 220 Zellers stores and is spending $1-billion to convert 100 to 150 of them to its own brand. But what of the remaining locations? Late last week competing retailer Walmart signed a deal with Target [...]

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League Assets profiled in Property Biz Canada

June 22, 2011

League Asset’s new Colwood City Centre project has recently been profiled in Property Biz Canada, an online magazine published by the Real Estate New Exchange (RENX). The article discusses how the Colwood City Centre project will be one of the largest commercial real-estate developments in Canada, and how the project has the potential to transform [...]

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Buy real estate or REITs?

June 20, 2011

In a recent poll, Globe Investor asked its reader this question: What do you think is the better investment right now: Actual real estate or REITs? The response choices were: Real estate. At least it can give me a place to live or provide rental income Real estate. I feel prices will outperform equities REITs. [...]

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Skip Treasuries, buy REITs

June 15, 2011

Jim Cramer suggests buying 5% yielding REITs instead of Treasuries for safe money Video: Cramer says US investors should skip Treasuries, and buy REITs - Charles Edwards frequently blogs on real estate investment trust topics

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Canadian REITs bet on Alberta

June 13, 2011

Looking for commercial real estate investment opportunities in Canada? Bet on Alberta, says the Globe and Mail. Surging oil prices and more activity in the oil fields in that province are helping Alberta make a significant recovery that is pushing up rents in the office market. Says the Globe and Mail: But (public) REITS “are [...]

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Canada rental market: demand is outstripping supply

June 9, 2011

The Canada Mortgage and Housing Corporation has released its Rental Market Survey today covering rental apartment vacancy rates in Canada’s 35 major cities. According to the report, vacancy rates declined to 2.5% in April 2011 from 2.9% in April 2010. What this means is that rents may increase. According to CMHC, the major Canadian cities [...]

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What are the most expensive retail streets in Canada?

June 8, 2011

Today’s Vancouver Sun has a short news story that identifies the 30 most expensive retail streets in the world. The Van Sun story is based on a recently released report from Colliers International that ranks retail streets according to rent per square foot. What was the most expensive street? New York’s Fifth Avenue, where rents for retail [...]

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