Market Insights
Devron will go it alone to develop Toronto’s 101 Spadina
Fron RENX.ca – Devron Developments has received zoning approval from the City of Toronto to move forward with a 39-storey condominium development at the southeast corner of Spadina Avenue and Adelaide Street West.
Commercial real estate woes in Canada worsened by tax gap
From Financial Post – Commercial real estate owners, battered by higher interest rates, are grappling with another big challenge in Canada: a property tax system that’s increasingly tilted against them, according to a report by Altus Group Ltd.
A closer look at Toronto’s housing affordability plan
From Altus Group – Toronto’s new Mayor Olivia Chow has proposed a self-funded housing plan that aims to provide 25,000 homes made up of market-rate, affordable, and deeply affordable housing.
As good as gold: Opportunities for institutions to extract land value through strategic redevelopment
From Altus Group – As land values increase and physical structures inevitably wear out, valuable real estate may be suitable for strategic redevelopment.
Challenges abound, but retail REITS, owners drive business forward
Fron RENX.ca – Bricks-and-mortar retail has performed better than many expected after lockdowns, increased online shopping and other challenges brought on in recent years by the pandemic and ensuing economic uncertainty.
Project managing development risk in volatile times
From Altus Group – Altus experts discuss the key risks now facing developers and, more importantly, how to mitigate them and find success in an uncertain market.