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Real Estate

  • News
    The Canadian Press

    In federal budget, Ottawa looks to Canada Post land for building housing supply

    OTTAWA — The federal government is eyeing underutilized Canada Post and National Defence properties as a way to deliver affordability and supply to the country's housing market. In its federal budget released Tuesday, it announced plans to free up lands held by both entities in order to build housing at a pace and scale "not seen in generations" and help younger Canadians get into the real estate market. The goal is creating a supply of 3.87 million new homes — adding two million net new homes t

  • News
    Bloomberg

    Post Offices, Armories Enlisted to Ease Canada Housing Crunch

    (Bloomberg) -- Canadian Finance Minister Chrystia Freeland’s budget unveiled more details about a plan to turn the federal government, which is the country’s largest landowner, into a provider of low-cost leases for builders and developers.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainChina Tells Iran Cooperation Will Last After Attack on IsraelRed Lobster Considers Bankruptcy to Deal With Leases an

  • Business
    The Canadian Press

    General Motors to move Detroit HQ to new downtown building, plans to redevelop Renaissance Center

    DETROIT (AP) — General Motors will move its Detroit headquarters to a new downtown office building next year and work to redevelop its iconic home along the Detroit River, company and city officials confirmed Monday. The announcement was made at the site of the old Hudson’s department store, which is being developed into a tower and 12-story office building that will house GM and is being built by the Bedrock real estate firm. Bedrock will join GM, the city, and Wayne County in coming up with id