Mississauga waterfront featured at forum
ULI Toronto is hosting a presentation next Friday, Feb. 5 highlighting waterfront developments in Mississauga billed as Mississauga: Waterfront Rising. Mayor Bonnie Crombie will report on the Lakeview and Brightwater projects and there will be a panel discussion.
Crestpoint acquires Vancouver, Winnipeg properties
Crestpoint Real Estate Investments Ltd. today announced the acquisition of two investments with a total value of $205 million. The Legacy Apartment Portfolio is comprised of 15 multi-family residential properties, acquired from six different vendors, located across Metro Vancouver. The portfolio includes nine concrete mid-rise apartments and six wood-frame apartments. The other is the FedEx Distribution Centre, a new 248,000-square-foot design-build package distribution and sorting facility located in southeast Winnipeg.
Construction up slightly in November: StatsCan
Statistics Canada reported today that real gross domestic product (GDP) grew 0.7 per cent in November, following a 0.4 per cent increase in October. Construction edged up 0.1 per cent in the month. Engineering and other construction activities increased 0.6 per cent and repair activities edged up 0.1 per cent. Partly offsetting the gains was a 0.9 per cent decline in non-residential construction, with residential construction unchanged in November.
Building permits decline sharply in Ontario
In another Statistics Canada release, from yesterday, it was reported that the total value of building permits issued nationally decreased 4.1 per cent to $9.1 billion in December, following a month during which several high value permits were issued. Declines were reported in every component except single-family dwellings. Gains in seven provinces, led by Newfoundland and Labrador, were largely offset by a decrease in Ontario of 13.2 per cent.
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