Forward | Unsubscribe | Sign Up | Archives June 30, 2016
THIS WEEK'S TOP 5 TRENDING STORIES
1. Canada could see some Brexit ripple effects
Last week’s majority vote in favour of extracting the United Kingdom (UK) from the European Union (EU) is expected to reverberate in real estate markets on both sides of the English Channel, with the potential for some Brexit ripple effects to reach Canada. Over the longer term, London’s office sector, industrial facilities in manufacturing regions and warehouse space in logistics hubs are deemed most vulnerable, while several alternative locations in other EU countries are poised for increased demand. More immediately, uncertainty in the capital markets is the larger concern.
 
2. May high-rise sales mark near record month
Consumers snapped up 3,623 new high-rise homes in the GTA in May, making it the second-best month on record, next to November, 2011.
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3. Boardwalk acquires new Calgary apartment community
Boardwalk Real Estate Investment Trust is pleased to announce that it has acquired Auburn Landing, a recently constructed 238-unit Calgary apartment community.
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4. Chinook Regional Hospital expansion opens
Chinook Regional Hospital, one of two major healthcare facilities serving the communities of southern Alberta, celebrates the grand opening of its new addition.
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5. Working group launched to study housing market
In an effort to further its goal to help the middle class and those that are working hard to join it, the Government of Canada has announced it will form a working group to study the Canadian housing market and provide policy recommendations.
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