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JLL expands strategic partnership with Manulife Investment Management to provide property management services across its Canadian real estate portfolio
CHICAGO, December 15, 2022 – JLL declared currently that it has expanded its strategic partnership with Manulife Financial investment Management to assume home administration and setting up functions obligation at 195 Canadian belongings managed by Manulife Financial commitment Administration. The portfolio comprises business office, industrial, multi-family and retail structures totaling almost 30 million sq. feet in Alberta, British Columbia, New Brunswick, Nova Scotia, Ontario and Quebec. “JLL has extended been a assets administration partner to Manulife Financial investment Administration in the United States, and we’re thrilled to increase our partnership and partnership into Canada. We goal to generate operational performance making use of technology and most effective operating procedures, and…
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Canadian home prices fall 6{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in April, down for 2nd month in a row
Canadian property charges fell six for each cent to $746,000 in April, as larger desire prices poured cold water on a red-sizzling real estate current market. Household profits fell 12 for each cent nationally in April, with the largest drops witnessed in significant towns like Toronto, the Canadian True Estate Association claimed Monday. Costs peaked at a history substantial of additional than $816,000 in February this year and average home rates have now declined for two months in a row. In March, the common selling price stood at $796,000, in advance of slipping a different six for each cent in April, which is commonly a solid thirty day period for the housing industry. “Pursuing a report-breaking few…
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Condominium Sales Dominate Canadian Luxury Real Estate
2022 First Quarter Highlights Rising inflation and favourable interest rates continue to strengthen demand for Canadian real estate as a hedge investment. Greater Toronto Area luxury residential sales over $4 million rose 30{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} year-over-year, as City of Toronto $4 million-plus transactions climbed 29{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}. Condominium sales gains dominated the $1 million-plus market, with annual gains of 120{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} and 72{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in the GTA and City of Toronto respectively. Vancouver luxury residential sales were capped by the city’s significant inventory deficit, as residential sales over $4 million contracted 14{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} year-over-year overall. Annual percentage gains in $1 million-plus condominium sales surpassed other top-tier housing types at 29{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} with 559 units sold, just shy of…
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MyHomeUpgrade.ca Launches a Free Tool Designed to Help Canadian Consumers Plan Their Home Improvement Projects
TORONTO–(Organization WIRE)–We are fired up to announce the start of a model-new web-site, MyHomeUpgrade.ca—a totally free useful resource to Canadian owners for inspirational articles and house renovation suggestions and tricks to assist customers get the house advancement venture of their desires. It also provides a free renovation calculator, connects customers with recommended local contractors, distinctive offers, versatile funding selections, and just one-on-one aid from residence enhance authorities. The dwelling renovation calculator is created to function across distinctive varieties of residence renovation assignments. Buyers will stroll via a sequence of thoughts concerning their household renovation. As they give information, the calculator will update the believed price of the venture. At any…
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At least 20{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of Canadian MPs hold rental, investment real estate amid housing crunch – National
At least 65 Canadian members of Parliament hold rental or investment real estate assets, according to their filings with the federal conflict of interest commissioner. However, that number may actually be much higher because 91 MPs either have not yet completed their disclosure process or the conflict of interest commissioner’s office hasn’t yet published their filings. All of that is legal and all of the MPs disclosing the assets have fulfilled their duties under Canadian conflict of interest laws to report their assets to the federal conflict of interest commissioner. Yet their disclosures come at a time of growing scrutiny and frustration about the role of real estate investors in…
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Canadian Luxury Real Estate Market Caps Historic Year with
2021 Highlights Significant deficit of conventional and luxury housing severely constrained sales and the housing mobility of Canadians. The Greater Toronto Area’s luxury performance transcended the Canadian market as $4 million-plus residential sales soared 224{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} year-over-year and $10 million-plus sales increased 238{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}. City of Toronto sales over $4 million and $10 million surged 188{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} and 173{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} respectively. Vancouver posted annual gains of 171{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} in sales over $4 million, saw the highest annual percentage gains in single family home sales over $10 million of Canada’s largest cities at 240{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9}, and broke historic regional records for the highest single family residential sale on a single lot. Multiple records were shattered by Montreal…
