Colliers Canada

Sep 25, 2023 | renx.ca | Colliers Canada |Steve McLean

Since March 2022, the Bank of Canada has raised interest rates 10 times. The policy lending rate has ballooned from a historically low rate of 0.25 in early 2022 to five per cent today. It’s all part of the bank’s bid to ease elevated inflation, cool the housing market and slow down a national economy that has surprisingly remained heated despite various national and global headwinds.  How did Canada’s economy get here? And where is it headed next?

Aug 14, 2023 | renx.ca | Steve McLean |Evan Duggan |Colliers Canada |Don Wilcox

The quick sell-out of Phase 1 of a Penticton condo project reveals pent-up demand in B.C.'s South Okanagan market, with potentially thousands of others eager to join the city’s buyer pool, say the teams behind the two-building development. Sokana, by Chilliwack-based Kerkhoff Develop-Build, is a two-phase, two-building project with studios, one-, two- and three-bedroom homes tailored for a mix of long-term residents and investors.

Aug 14, 2023 | renx.ca | Steve McLean |Colliers Canada |Don Wilcox |Evan Duggan

Ernst & Young Inc. (EY) has been appointed receiver and manager and given responsibility to market and sell the Rexdale Mall in Toronto's west-end Etobicoke neighbourhood following an Ontario Superior Court of Justice order. Romspen Investment Corporation says it was owed loan payments by mall owner Sunpact Holdings Inc., which is controlled by Chris Hinn.

Aug 11, 2023 | renx.ca | Colliers Canada

Mark Ang, the CEO and co-founder of GoBolt, has emerged as a change-maker in e-commerce logistics in Canada. Ang joined Marc Kirshenbaum, executive vice-president with Colliers’ Brokerage operations in Toronto, to explore GoBolt's origins and growth as it leverages smart tech and electric delivery strategies.

Aug 11, 2023 | renx.ca | Steve McLean |Colliers Canada |Mario Toneguzzi

Fiera Real Estate and Berkshire Axis Development have completed their 10th partnership deal with the acquisition of 19 acres of industrial land in the Greater Toronto Area (GTA) city of Brampton. The partners acquired the development land from DG Group for $53 million on July 4. The site, which was marketed by Lennard Commercial Realty and subject to a bidding process, is bordered by Ace Drive to the north, Inspire Boulevard to the east, Dixie Road to the south and Tasker Road to the west.