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Real Estate

Canadian Insolvencies, Market Update

Hello friends, I hope everyone is doing well, and welcome to 88West Realty’s Highlights of Bloomberg’s report on Canada’s insolvencies. Graciously, Canadian’s number of Insolvencies filings have plunged to the lowest level since 1997, due to the massive government’s cash injections. * There were 6,464 insolvency filings in August 2020 about 42% decline from a year earlier* From April to...

September Market Update

Here at 88West, we keep an eye on the market trends so that we can keep you informed about real estate trends & opportunities. On Sep 30th, Bloomberg reported that office vacancies are rising in Canada.- Toronto - office vacancies rose to 4.7% from 2.7% reported in the second quarter,- Vancouver - office vacancies increased to a 4.6% vacancy rate, up from 3.3%. Of these vacant office buildings,-...

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