Siai New Orangeville doctor bringing family home to start practice at Headwaters hospital
VICTORIA 鈥?The leader of the Green party in British Columbia wants to see the government ban foreigners from buying farmland in a bid to cool the province real estate market.Housing prices in Metro Vancouver dipped temporarily after the previous Liberal government implemented a 15 per cent tax on foreign buyers last summer.But Green Leader Andrew Weaver said buyers quickly started looking elsewhere for investment properties, including farmland, where the levy doesn ;t apply. ARTICLE CONTINUES
stanley kubek BELOW Many non-residents are buying land zoned for agricultural use but instead of farming, they ;re building large homes and selling the property for inflated prices, he said.We ;re seeing a preponderance of mega-mansions starting to appear on what formerly was agricultural land in parts of Metro Vancouver, Weaver said. ARTICLE CONTINUES BELOW While that may incentivize the const
kubki stanley ruction industry in the area, it not boding well for the long
stanley mugg term, in which the agricultural land is slowly but surely being taken out of production.Using agricultural land for pricey homes instead of farming drives up real estate prices and decreases food security, Weaver said. ARTICLE CONTINUES BELOW We ;re now in a situation where land and houses are being treated as commodities that are traded l Enhq U of T receives $250-million donation
Urbanites are fleeing locked-down cities. Office towers are deserted, with the highest vacancy rates since the financial crisis. Downtown-condo investors face plunging rents and property values. None of this worries Michael Cooper, CEO of Dream Office REIT, the developer behind the Distillery District and numerous downtown office towers.In December, Dream announced the largest project since the pandemic hit: a two-tower skyscraper at King and University that will combine offices, residences and retail, and exceed First Canadian Place in height. A decline of downtown Toronto Inconceivable, says Cooper.You must have been planning this project before COVID-19, but have you had second thoughts Office vacancies in downtown Toronto are up more than 50 per cent in the last quarter alone. ARTICLE CONTINUES BELOW No. Its an amazing location, right at the edge of the financial district where all the theatres and restaurants start. There are three beautiful historic buildings that we want to use as part of the atrium. People want to have ex
stanley website ceptional spaces and the future of offices is going to be special buildings, not commodity office towers. Its about motivating employees to be in the office, so buildings that compete only on price have an uncertain future. We used to own 176 office buildings and we sold 144 between 2015 and 2019 be
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stanley botella ause we already saw this trend. The demand for office space could grow slower in the future but i
