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Canadian recreational house prices soar 11.5% as remote work drives demand in cottage country

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Canada’s recreational property market forecast to increase 8% in 2021 86% of recreational property regions are reporting lower inventory as demand outpaces supply 54% of recreational property regions are reporting a significant increase in buyers who are purchasing a new primary residence where they will work remotely TORONTO, Nov. 30, 2020 /CNW/ – According to… [Read More]

Minto Apartment REIT Files Preliminary Base Shelf Prospectus for $800 million in Securities

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OTTAWA, ON, Nov. 27, 2020 /CNW/ – Minto Apartment Real Estate Investment Trust (the “REIT”) (TSX: MI.UN) today announced that it has filed and obtained a receipt for a preliminary short form base shelf prospectus with the Securities Commissions in each of the provinces and territories of Canada. The preliminary short form base shelf prospectus is… [Read More]

Melcor REIT Trustees Held Meeting to Review the Substance of the Press Release Issued by Firm Capital

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FOR IMMEDIATE DISTRIBUTION. NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES. EDMONTON, Alberta, Nov. 26, 2020 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (TSX:MR.UN) (“the REIT“) today announced that its Board of Trustees held a meeting on November 25, 2020 to consider the substance of the press release issued… [Read More]

CAPREIT Acquires Property in Growing Maple Ridge, B.C. Community

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TORONTO, Nov. 26, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has purchased a four-building apartment campus containing 147 suites on 3.15 acres of land in the heart of the Maple Ridge Town Centre, just outside Vancouver, British Columbia. CAPREIT paid $29.2 million for the property,… [Read More]

Lanesborough REIT Reports 2020 Third Quarter Results

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WINNIPEG, MB, Nov. 26, 2020 /CNW/ – Lanesborough Real Estate Investment Trust (“LREIT”) (TSXV: LRT.UN) today reported its operating results for the quarter ended September 30, 2020. The following comments in regard to the financial position and operating results of LREIT should be read in conjunction with interim management’s discussion & analysis – quarterly highlights and the… [Read More]

MEDIA ADVISORY – Empire Company Limited Advisory of Q2 Fiscal 2021 Results Conference Call

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STELLARTON, NS, Nov. 26, 2020 /CNW/ – Empire Company Limited (TSX: EMP.A) will release its second quarter fiscal 2021 results on December 10, 2020 at 6:30 a.m. (Eastern Standard Time). The release will be followed by a conference call beginning at 12:30 p.m. (Eastern Standard Time) with senior management. The dial-in numbers for the conference… [Read More]

ERES REIT Announces Appointment of Stephen Co as Chief Financial Officer

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TORONTO, Nov. 25, 2020 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX:ERE.UN, “ERES” or the “REIT”) and Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN, “CAPREIT”) are pleased to announce the appointment of Mr. Stephen Co to Chief Financial Officer of ERES, replacing Mr. Scott Cryer, effective January 1, 2021. Mr. Co joined… [Read More]

Intact Announces $1.3 Million Commitment to Help Build More Resilient Communities

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Intact Adaptation Action Grants awarded to projects that are helping people and communities adapt to floods, wildfire and extreme heat TORONTO, Nov. 24, 2020 /CNW/ – To help Canadians adapt to climate change and build more resilient communities, Intact Financial Corporation (TSX: IFC) is committing more than $1.3 million to five Canadian charitable partners. These partners… [Read More]

CAPREIT Ranks in Top Quartile For 7th Consecutive Year in Kincentric Best Employers Program

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TORONTO, Nov. 23, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today that, for the 7th consecutive year, CAPREIT has ranked in the ‘Above Canada Top Quartile Average’ in Kincentric’s 2020 Best Employers Program. CAPREIT has participated in the Best Employers Program since 2010, and the collected data… [Read More]

Trez Capital Senior Mortgage Investment Corporation Announces Renewal of Mortgage and Termination of Management Agreement with Trez Capital Fund Management LP

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TORONTO, Nov. 23, 2020 /CNW/ – Trez Capital Senior Mortgage Investment Corporation (TSX: TZS) (the “Company”) announced today the renewal of a mortgage with a principal amount of approximately $27.7 million (of which the Company’s portion is approximately $14.7 million), which is the more significant of the two remaining mortgages in its portfolio, for a period… [Read More]

Morguard Corporation Announces Full Repayment of Series B Senior Unsecured Debentures

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MISSISSAUGA, ON, Nov. 23, 2020 /CNW/ – Morguard Corporation (“Morguard” or the “Company”) (TSX:MRC) announced that it has fully repaid the $200 million 4.013% Series B senior unsecured debentures on maturity. Proceeds for repayment of the Series B senior unsecured debentures were generated by Morguard issuing $175 million 4.402% Series G senior unsecured debentures, as… [Read More]