Canada Pension Plan Investment Board (CPPIB) and IndoSpace, India’s largest developer of modern industrial and logistics real estate, announced the creation of IndoSpace Core, a joint venture that will focus on acquiring and developing modern logistics facilities in India. CPPIB has initially committed approximately US$500 million to the joint venture and will own a significant …
Tag Archives: Canadian property
CMCH : Greater Toronto Area house prices affecting other markets
Increasing home prices in the Greater Toronto Area (GTA) are having a spillover effect in surrounding centres, particularly those within commuting distance, according to the Canada Mortgage and Housing Corporation’s (CMHC) latest Housing Market Insight (HMI) which reveals the relationship between GTA home prices and neighbouring markets. While most Ontario markets have seen substantial home …
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Canadian home sales rise from November to December, says CREA
According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were up on a month-over-month basis in December 2016. Highlights ; -National home sales rose 2.2% from November to December. -Actual (not seasonally adjusted) activity in December was down 5.0% from a year earlier. -The number of newly listed homes …
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Foreign purchasers buy 3% of residential properties in October in Metro Vancouver
Foreign purchasers were involved in 3% of Metro Vancouver residential real estate transactions in October, a rate equal to the provincial average for that month, according to the latest real estate transaction data released by B.C. government. About 140 residential property transfers valued at $115 million involved foreign nationals in Metro Vancouver during October, from …
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Hong Kong’s Bluesky to acquire Canadian InnVest for $1.6 billion
InnVest Real Estate Investment Trust and Bluesky Hotels and Resorts Inc.announced that they have entered into an arrangement agreement pursuant to which Bluesky will acquire all the issued and outstanding units of InnVest for $7.25 in cash per unit, pursuant to a court-approved plan of arrangement.The proposed transaction values InnVest at approximately C$2.1 billion($1.6 billion), …
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Housing starts in Canada stable in April, says CMCH
The trend measure of housing starts in Canada was 195,064 units in April compared to 196,103 in March, according to Canada Mortgage and Housing Corporation (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. “While the trend for Canada remained stable in April, there were …
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