Eric Horie

Jan 14, 2025 | renx.ca | Eric Horie

The Canadian economy and real estate markets shifted significantly over the course of 2024, driven by the Bank of Canada (BoC) charting the most aggressive course of rate cutting among major central banks. In December, a 50-basis point (bps) reduction capped a cumulative 175 bps reduction in 2024, bringing the policy rate to 3.25% at year-end. This sharp reduction promises to improve the outlook for 2025 as consumers and businesses take advantage of lower financing costs.

Dec 5, 2024 | renx.ca | Don Wilcox |Chad Griffiths |Steve McLean |Eric Horie

Just blame Canada? Economist Benjamin Tal’s message to over 2,700 attendees at the Real Estate Forum in Toronto on Wednesday suggested that, when it comes to “uncertain” economic conditions we should at least in part, just blame America. “We are operating in very uncertain times,” Tal told the commercial real estate professionals, gathered for the two-day event at the Metro Toronto Convention Centre, in his annual keynote economic presentation.

Nov 19, 2024 | renx.ca | Don Wilcox |Steve McLean |Eric Horie

Minto Apartment REIT (MI.UN-T) has sold its 241-unit Castleview apartments tower in Ottawa for $69 million as the trust continues to divest older assets and use the proceeds to reduce debt.

Nov 19, 2024 | renx.ca | Steve McLean |Don Wilcox |Eric Horie

Chuck Scott was looking for a new challenge when he left his position as Cushman & Wakefield's chief executive officer in Canada and Latin America at the end of 2023. He has found it as CEO for the newly launched venture capital group Ruck Lane. “I wanted to move on and explore something different, though obviously staying in the commercial real estate sector, which has been my entire career,” Scott told RENX.

Nov 19, 2024 | renx.ca | Eric Horie

With 2025 on the horizon, the Canadian commercial real estate investment market presents a unique blend of challenges and opportunities for the year ahead. Economic shifts, including regulatory changes, interest rate stabilization and updates in immigration policy, continue to reshape housing demand across the country. In response, developers are actively adapting, especially in multi-family residential and industrial sectors.