Peter Mitham
Contributor at Wines & Vines
WineBusiness Analytics publishes the monthly Wine Analytics Report, maintains the wine industry’s most accurate databases, and provides data-driven analysis.
Articles
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3 days ago |
westerninvestor.com | Peter Mitham
Canada’s mortgages in arrears rate is low compared to other advanced economies, the Canadian Bankers Association reported with the release of March mortgage data on May 30. “Canadians are ... careful borrowers and this is evident when looking at national mortgage delinquency rates in Canada that show that more than 99 per cent of mortgage holders in Canada are in good standing,” the association reported.
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2 weeks ago |
westerninvestor.com | Peter Mitham
Henday Centre, a neighbourhood retail centre in Innisfail, Alberta, with 78,233 square feet of leaseable space, sold to local investor Brookstone Investment Corp. on March 31 for $11.25 million. Occupancy averages 95 per cent, with key tenants IDA Pharmacy and Dollarama ensuring stable, long-term cash flow for Brookstone, whose portfolio of commercial assets now totals $50 million.
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2 weeks ago |
westerninvestor.com | Peter Mitham
Strong sales performance following significant reinvestment has driven the sale of Cottonwood Centre in Chilliwack to a private Vancouver-based investor. An investment consortium led by PCI Group acquired Cottonwood Centre in 2019 for $73 million with significant vacancies left by Sears Canada and Target.
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1 month ago |
westerninvestor.com | Peter Mitham
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1 month ago |
westerninvestor.com | Peter Mitham
A combination of land, location and the necessities of life are keeping retail assets in demand in Western Canada, despite the risks to discretionary spending posed by tariffs and other economic headwinds. “Retail is the top use and demand for all investors, and most of the retail that is trading is open malls,” said Bob Levine, principal with Avison Young (Canada) Inc.’s capital markets group in Vancouver.
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