Monday, February 25, 2013


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Commercial Real Estate News, Monday, February 25 2013

Tyco Security

Can Tim Hortons fight off McDonald's attack?

After closing for several weeks, a Tim Hortons restaurant in north Toronto reopened this month with a new look: A sleek flat-screen television is now mounted on a stone wall above a gas fireplace, while customers slide onto benches to sip their lattes at tables overlooking an enlarged kitchen area. McDonald’s is also giving its Canadian restaurants a facelift ...

Globe and Mail   Sat Feb 23 2013

Gatineau charts $135M waterfront revitalization - Destination Gatineau

There aren’t many places in the National Capital Region to go and enjoy the waterfront, but a group of tourism officials from the Quebec side of the Ottawa River are hoping to change that. The City of Gatineau is standing behind a new initiative to spend $135 million on attracting new visitors to the city. The centrepiece of the proposal, called Destination Gatineau.

Ottawa Business Journal   Mon Feb 25 2013

Calgary commercial real estate sales top $4.8 billion in 2012 - Realnet Canada

The Greater Calgary real estate market accelerated its recovery from 2009, climbing by 81 per cent in terms of overall investment dollar volume in 2012 from the previous year, says a report by RealNet Canada. The real estate information services company said there were 445 transactions over $1 million during the year totalling $4.84 billion.

Calgary Herald   Mon Feb 25 2013

ArchiDATA Offers the Best Visualization Tool to Access Your Building Information

ArchiDATA allows you to view your buildings in 3D/BIM on a private layer of Google Earth and access information quickly such as floor plans, color-coded blocking plans, vacancies, BOMA reports, asset information, etc..

Visit our website or call us at 1-866-870-1770


CPR to be out of downtown Calgary in 2013 - Canadian Pacific Railway

Calgary-based Canadian Pacific Railway will move all of its employees from its downtown headquarters at Gulf Canada Square to a new building at the company’s Ogden Yard in southeast Calgary by the end of this year, the Herald has learned. Ed Greenberg, spokesperson for CP, said the main headquarters will be a two-storey, 214,000-square-foot building.

Calgary Herald   Sun Feb 24 2013

Toronto school board faces city over development plans

Davisville Junior Public School, a stout brown-brick structure with weathered white trim, holds fewer than 400 students. There is nothing remarkable about this small elementary school, in other words, but for one big wrinkle: The academy is at the centre of a high-stakes battle between a cash-starved school board and the guardians of the city’s skyline.

Globe and Mail   Sat Feb 23 2013

First Capital Realty objects to casino at Toronto CNE - First Capital Realty Inc.

Opposition to a casino at Exhibition Place is mounting, with a major Liberty Village developer warning it will "immediately end" gentrification in the area and the head of Toronto’s annual exhibition vowing to mobilize "CNE nation" to stop the proposal. First Capital Realty has sent a letter to the city manager to voice its "strong opposition" to a casino proposed for nearby Exhibition Place.

Globe and Mail   Sun Feb 24 2013

Canmarc vets behind new PROREIT - PRO Real Estate Investment Trust

To those who follow the Canadian REIT space, there are two familiar names at the top of Taggart Capital Corp., a real estate company that intends to convert into a new REIT called PRO Real Estate Investment Trust (PROREIT). The Montreal-based company is headed by James Beckerleg and Gordon Lawlor, who used to lead Canmarc REIT.

Property Biz Canada   Mon Feb 25 2013

CMLS Financial Ltd. Financing Real Estate since 1974

CMLS Financial specializes in commercial mortgages for multi-family, CMHC insured multi-family, retail, office and industrial properties.

Call us for more information or email:

Vancouver (604) 687-2118 - Calgary (403) 398-2160 - Toronto (416) 646-1005
Ottawa (613) 237-8111 - Montreal (514) 205-6650 - Halifax (902) 407-8864


Target's first Canadian ads put bull's-eye on rival Walmart - Target Canada

Target's brand is well known to the bulk of Canadians, according to research, not just for its distinctive bull’s-eye logo but for its entrenched reputation as a purveyor of affordable style. The retailer's first Canadian ads from KBS+ Canada begin airing during the Oscar telecast on Sunday night, and they echo the style and cheeky spirit of Target’s U.S. commercials.

Financial Post   Mon Feb 25 2013

Did Loblaw and Metro miss an opportunity with Safeway? - Safeway Inc.

Safeway Inc. looks less likely to sell its Canadian assets after the supermarket chain’s fourth quarter profit beat estimates and its discount program appears to be on the right track. It shares surged more than 13% on Thursday after the company’s fourth quarter results beat expectations and same-store sales for the first quarter of 2013 trended higher.

Financial Post   Mon Feb 25 2013

Montreal's changing skyline

Looking out over the skyline of Montreal's downtown core, it's easy to see that things are changing. Cranes can be seen, hammers can be heard and new buildings seem to be going up overnight. There's no question that Montreal is undergoing a boom in development. But why now? And what does it mean for the city?

Montreal Gazette   Mon Feb 25 2013

Sam Mizrahi is a micromanagerm and proud of it - Mizrahi Developments

Sam Mizrahi freely admits he’s a mega micromanager. So it suits the president of Mizrahi Developments just fine that his head office is located right next door to the construction site for 133 Hazelton, a Parisian-style nine-storey luxury condo his company is building at Davenport Rd. and Hazelton Ave.

Toronto Star   Mon Feb 25 2013

Real Property Solutions:
Financial Due Diligence Consultants

For experienced and cost effective assistance on $5 to $250 million deals,
contact Alison Macintosh or Michael Lee, 905-337-2400,

Financial Due Diligence
Commercial Mortgage Advisory - Asset Management


IPD investment forum in the US: Managing risk after the credit crisis - IPD

Today more than ever, real estate investment is all about interpretation of risk. That was a strong message during IPD’s U.S. Real Estate Investment Forum, which took place on Thursday at the Grand Hyatt in New York City. The conference marked an unveiling of the new PREA/IPD U.S. Property Fund Index, really two indexes focusing on open-end funds and core diversified open-end funds.

CP Executive   Mon Feb 25 2013

Google plans enormous real estate expansion

Google is spending a fortune to expand its already huge Googleplex site. Google is preparing to break ground on a 42-acre campus called Bayview which will be based around nine structures, most of which will be four stories tall. Each building will be shaped like bent rectangles to make room for courtyards and will be connected by bridges, one of which will lead to a green roof with an outdoor cafe.   Mon Feb 25 2013

Morgan Stanley unit buys Moscow Mall in blockbuster deal

Morgan Stanley Real Estate Investing says one of its funds has bought the Metropolis shopping mall in what it called Russia's biggest commercial real estate deal. Metropolis, which has a total size of 205,000 square meters, is one of Russia's most sizable shopping centers. It was acquired from Capital Partners, a real estate developer, for a price of $1.2 billion, several sources told Reuters.

Globe St.   Mon Feb 25 2013

LatAm office rents drive global rise in prime office rents

Office rents in Brazil and Colombia largely drove a global 3% increase in prime office rents last year as continuing economic uncertainty stalled growth in Asia's growth economies, according to a report from Cushman & Wakefield. Prime rents in Brazil rose 10%, with multinational demand making Rio de Janeiro the most expensive per-square-foot location in the region.

IPE Real Estate   Mon Feb 25 2013

Real Estate Forums 2013 - Winter/Spring Event Calendar



February 26, 2013

Montreal Real Estate Leasing Conference


May 23, 2013

Montreal Real Estate Forum


April 4, 2013

Vancouver Real Estate Forum


April 9, 2013

Green Real Estate Forum


April 11, 2013



April 18, 2013

Saskatchewan Real Estate Forum


April 30, 2013

Edmonton Real Estate Forum


May 9, 2013

For more information visit:


Home > Commercial > Real Estate Companies

IMC completes third Canadian CMBS transaction - Institutional Mortgage Capital

Institutional Mortgage Capital announces the successful completion of its third Canadian CMBS issuance in 24 months, adding even more support to this outperforming asset class. The most recent IMC CMBS issue of approximately $250 million was distributed by private placement and received very strong interest from investors.

Canada Newswire   Mon Feb 25 2013

Home > Commercial > Real Estate Investment Trusts

BTB purchases a 50% participation in a retail complex property - BTB REIT - BTB.UN-T

BTB Real Estate Investment Trust it has now purchased a 50% participation in a retail complex in Saint-Lazare, Québec, for the purchase price of $2.5 million excluding closing costs. With the conclusion of this acquisition, BTB has now closed approximately $500 million worth of properties representing over 4.3 million square feet of leasable area.

Canada Newswire   Mon Feb 25 2013

InterRent announces $18 Million of acquisitions in Ottawa, Ontario - InterRent REIT - IIP.un-T

InterRent Real Estate Investment Trust has entered into an unconditional agreement to acquire two (2) properties ideally situated in Ottawa's west end for a combined purchase price of $18,350,000. The properties are located in the Crystal Beach neighborhood, in the west end of Ottawa, and include a combination of garden homes and apartments with a total of 141 suites.

Marketwire   Mon Feb 25 2013

Australian REIT Income Fund Announces Exchange Ratios - Harvest Portfolios

Harvest Portfolios Group Inc., the manager of Australian REIT Income Fund is pleased to announce the Exchange Ratios available to Canadian REITS for the Exchange Option as provided for in the preliminary prospectus of the Fund dated January 30, 2013.

Marketwire   Mon Feb 25 2013

Home > Commercial > Market Trends and Research

RECO decision riles education providers

The Real Estate Council of Ontario (RECO) is set to introduce a new online mandatory continuing education program that it says will provide significant benefits to registrants. The courses will be administered and delivered directly from RECO, a move that has riled the province’s third-party education providers.

REM Online   Mon Feb 25 2013

Before you pull out the tape measure ...

A reader recently asked me for my thoughts on the challenges with using BOMA’s Standard Methods of Measurement to measure the area of a given building. It says a lot when an industry professional who works with the latest technology expresses frustration with how margins of error remain that can spark disputes between landlords and tenants.

Property Biz Canada   Mon Feb 25 2013

Home > Commercial > Retail

Pizza Nova Celebrates 50th Anniversary - Pizza Nova

Pizza Nova, the Ontario based Pizza Chain is gearing up to celebrate their 50th Anniversary with contests, promotions and festivities throughout the year. In January they launched a contest inviting customers to share online with them their fondest Pizza Nova Moments and Memories.

Canada Newswire   Mon Feb 25 2013

Canadian grocery stocks: Tasty, but with a limited shelf life

This will be a transformational year for Canada’s big grocery chains. The imminent arrival of Target Corp., coupled with continued expansion by Wal-Mart Stores Inc., suggests one or more of the incumbents could do a major deal to bulk up and compete better against the U.S. behemoths. And investor excitement about the transactions could lead to gains for the grocers’ shares.

Globe and Mail   Sat Feb 23 2013

Barnes & Noble chairman to bid for company’s retail assets - Barnes & Noble Inc.

Barnes & Noble Inc. Chairman Leonard Riggio has told the board he plans to buy the retail assets of the company including Barnes & Noble Booksellers Inc. and, but excluding the Nook Media business, sending the company’s shares up as much as 26 percent before the bell on Monday.

Globe and Mail   Mon Feb 25 2013

Lowe’s makeover bears fruit; Sandy helps sales - Lowes Companies - LOW-N

Lowe’s quarterly results beat analysts’ estimates as sales benefited from rebuilding after Hurricane Sandy and the retailer’s efforts to improve product selection and customer service. Lowe’s, which has lagged behind larger rival Home Depot , is in the middle of a makeover. It has closed locations, curbed openings, cut jobs, streamlined its supply chain and invested in its stores and its online business.

Globe and Mail   Mon Feb 25 2013 - Montreal Gazette

Home > Commercial > International

CBRE arranges $1b for 27-asset EQR sale - CBRE

CBRE Capital Markets’ Debt & Equity Finance group recently arranged multiple loans exceeding a total of $1 billion to finance the acquisition of a portfolio of 27 multifamily assets located in eight markets across the US. CBRE worked exclusively on behalf of the borrower, a joint venture between Goldman, Sachs & Co. and Greystar, to arrange the 27 individual Freddie Mac loans.

Globe St.   Mon Feb 25 2013

European retail real estate rewritten

Online shopping may not be the only culprit for the retail market's problems, says Shayla Walmsley. That so many things can be happening to European retail markets at the same time s

Posted via email from collingwoodrealestate's posterous


Read it online

Housing Research - February 2013

red squareFeature

Energy Efficiency Building Envelope Retrofits

Interior Retrofits for 1960s and 1970s Two-Storey Houses - 10% or 25% Space Heating Energy Savings
This fact sheet describes options for adding insulation to, and air sealing, the foundation, walls and attics of typical 1960's and 70's two storey houses to achieve space heating energy savings. This fact sheet describes the starting point (what these houses typically have), interior air-sealing and insulation options to achieve the targeted energy savings, technical considerations to keep in mind in the planning of the retrofit project, and general precautions to avoid common pitfalls and unintended consequences of envelope retrofit projects.

red squareResearch Highlight

2006 Census Housing Series: Issue 20 — Métis Households: Housing Conditions and Core Housing Need
This Research Highlight examines the housing conditions of Métis households in Canada based on custom data from the 2006 Census. Housing conditions are assessed using CMHC's measures of acceptable housing and core housing need. Household characteristics and housing conditions of Métis at the national and provincial or territorial levels for owners and renters are examined.

red squareAbout Your House

Accessible Housing by Design — Home Automation
The use of technology and automation in the home can help create living spaces that are convenient and energy efficient, that minimize the potential for accidents, and result in a house that is able to adapt to life's changes. Home automation provides many benefits to people with physical, sensory and mental disabilities, allowing them to live more independently. This article describes systems and devices that can control elements of your home environment such as, lighting, appliances, telephones, home security and mechanical entry and safety systems.

red squareCMHC At Large

Research Highlights — RSS Feeds
Keep up to date by subscribing to our RSS feeds. RSS feeds allow you to access the content that you want, the way you want. What is RSS?

Canadian Housing Information Centre
The Canadian Housing Information Centre is the library of Canada Mortgage and Housing Corporation. Located at the National Office of CMHC in Ottawa, it is the most extensive housing information source in the country, serving consumers, builders, developers, academics and industry decision-makers.

red squareEvents and Items of Interest

Canadian Home Builders' Association Annual Conference
March 7 – 9, 2013.
Lake Louise, Alberta

TRIECA 2013 Conference
March 26 & 27, 2013
Markham, ON
Hosted by Toronto and Region Conservation Authority and Great Lakes Chapter of the International Erosion Control Association, this conference will feature a CMHC presentation on EQuilibriumTM Communities projects, focussing on their water-sensitive urban design features and lessons learned. The session will also include a presentation on an EQuilibriumTM Communities-funded performance monitoring study on stormwater bioretention projects across Canada.

16th Annual Alberta Sustainable Building Symposium
May 7, 2013
Edmonton, Alberta

red square Did you know

That renovation spending in Canada grew 3% in 2011 to $43.8 billion? See the 2012 Canadian Housing Observer, Chapter 3: Housing Markets for more information on renovation spending.

Find out what is new and upcoming with CMHC. Visit our Events Calendar.

To find out what is going on in the industry, see this List of other Housing-Related Events and Conferences.

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This e-update provides general information only. It does not provide advice, and should not be relied upon in that regard. CMHC assumes no liability of any kind in connection with the information provided.

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© 2013 Canada Mortgage and Housing Corporation

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Thursday, February 21, 2013


RE/MAX Press Announcement

Canadian homebuyers more experienced, financially prudent moving forward, says RE/MAX

Mississauga, ON (February 21, 2013) - Against a backdrop of strong equity gains and lower interest rates, move-up buyers are once again set to ramp up their role in major Canadian housing markets, according to a report released today by RE/MAX.

The RE/MAX Move-Up Buyers Report found that activity in traditional move-up price ranges have climbed year-over-year (2012 vs. 2011) in 87 per cent (14) of the 16 markets examined—a trend expected to continue throughout 2013. The only exceptions were Victoria and Vancouver, where softer sales activity was reported. Driving the upward movement has been substantial price appreciation in most major centres. The average Canadian home has escalated 93 per cent over the past decade; individual markets experienced increases ranging from 62 per cent in Saint John (4.96 per cent compounded annually) to 199 per cent in Regina (11.57 per cent compounded annually).


Posted via email from collingwoodrealestate's posterous

Tuesday, February 5, 2013


A great start to  LUCKY 2013!

Second best January on record for Georgian Triangle home sales

Residential sales recorded through the MLS® System of the Georgian Triangle

Association of REALTORS® posted the second best January on record in 2013,

marking a considerable rebound following a bit of a slowdown in the final months of


Home sales numbered 100 units in January 2013, rising 15 per cent on a year-overyear


“Resale housing demand kicked off 2013 on an exceptionally strong note, with home

sales in the region topping January sales figures in every other year on record with

the exception of 2002,” said Andres Paara, President of the Georgian Triangle

Association of REALTORS®. “At the same time, we saw a jump of similar size in the

number of new listings coming on stream in January. So while both demand and

supply began the year much stronger than we were seeing at the end of 2012, the

balance between the two was little changed.”

New residential listings numbered 452 units in January 2013, up 24 per cent from a

year earlier. This was the highest level of new supply ever reported in the month of


There were 1,224 active residential listings on the Association’s MLS® System at the

end of January 2013, down four per cent from year-ago levels.

There were 12.2 months of inventory at the end of January, down from 14.7 months

at the end of January 2012. This stands just below the long-run average for the

months of inventory measure at this time of the year. The number of months of

inventory is the number of months it would take to sell current inventories at the

current rate of sales activity.

The value of all residential transactions in January was $30.6 million, up 12 per

cent from a year earlier.

Sales of all types of properties numbered 113 units in January, an increase of nine

per cent compared to the same month in 2012. The total value of all properties sold

in January 2013 was $36.5 million, up 14 per cent on a year-over-year basis.

The Georgian Triangle Association of REALTORS® represents an estimated 360

REALTORS® registered with its member offices. The geographical area served by the

Association covers the area known as the Georgian Triangle region of Ontario, and

includes Clearview Township, Wasaga Beach, Collingwood, The Blue Mountains, Grey

Highlands and Municipality of Meaford.

Jonathan J. Knight

Broker - Re/Max Clearview

Inc. Brokerage Independantly

Owned and Operated

O - 705 428 4500

P - 705 441 6839

F - 705 428 5951

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