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Canadian housing affordability improves even as Toronto, Vancouver remain an “impossible obstacle” for most buyers: RBC Economics

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RBC’s housing affordability measure improves for the second-straight quarter in Q1 2019 The improvement was widespread across the country as prices declined in the West and parts of Atlantic Canada Severe affordability issues remain an “impossible obstacle” for most living in Toronto, Vancouver and Victoria TORONTO, June 27, 2019 /CNW/ – Housing affordability has improved… [Read More]

Empire Company Finishes Fiscal 2019 with Strong Sales and Earnings; Exceeds Sunrise Targets; Announces 9% Dividend Increase and Share Buyback

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Fourth Quarter Summary Same-store sales excluding fuel increased by 3.8% (4.2% excluding pharmacy) Fourth consecutive quarter of tonnage growth Earnings per share of $0.45 compared to $0.26 last year Adjusted earnings per share of $0.46 compared to $0.35 last year Project Sunrise exceeded targets for fiscal 2019 Capital investment program for fiscal 2020 expected to… [Read More]

Pure Multi-Family REIT LP Responds to Unsolicited Conditional Proposal and Announces Pre-Existing Exclusive Negotiations With a Third Party

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VANCOUVER, June 26, 2019 /CNW/ – Pure Multi-Family REIT LP (“Pure Multi-Family”) (TSX: RUF.U, RUF.UN, RUF.DB.U; OTCQX: PMULF) confirms that it received an unsolicited conditional proposal today from American Landmark/Electra America (“ALEA”) for the acquisition by ALEA of all of the outstanding Class A Units of Pure Multi-Family on the terms set out in the public announcement made… [Read More]

Inovalis Real Estate Investment Trust Announces Change of Chief Financial Officer and Appointment of New Trustee

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/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO, June 26, 2019 /CNW/ – Inovalis Real Estate Investment Trust (“Inovalis REIT” or the “REIT”) (TSX:INO.UN) today announced that Mr. Khalil Hankach has been appointed the new interim Chief Financial Officer of the REIT effective immediately. Mr. Hankach remains as the Chief… [Read More]

Tricon Announces Voting Results from Annual and Special Meeting of Shareholders

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/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES./ TORONTO, June 26, 2019 /CNW/ – Tricon Capital Group Inc. (“Tricon” or the “Company”) (TSX: TCN), a residential real estate company primarily focused on rental housing in North America, is pleased to announce that it has received shareholder approval for all resolutions… [Read More]

CAPREIT Announces Timing of Second Quarter 2019 Results & Conference Call

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TORONTO, June 26, 2019 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today it will issue its financial results for the three and six months ended June 30, 2019 after markets close on: Tuesday, August 13, 2019 A conference call hosted by Mark Kenney, President and Chief Executive Officer, and… [Read More]

Imperial Equities announces the purchase of the RME building (Vegreville)

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EDMONTON, June 26, 2019 /CNW/ – Imperial Equities Inc. (“Imperial”) today has announced it has completed the Purchase of the Rocky Mountain Equipment Building located 6425 – 55 Avenue, Vegreville, Alberta.  The transaction, which closed on June 21, 2019 between 1456253 Alberta Ltd. and Imperial, is in the amount of $2,550,000.00 and is Imperial’s second… [Read More]

Common Announces International Expansion to Canada in Partnership with Dream

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Located in Ottawa, Common Zibi signals the coliving leader’s broader push into Canadian cities NEW YORK, June 26, 2019 /CNW/ — Common, the nation’s leading residential brand enhancing the quality of living for members through convenience and community, today announced its first international expansion into Canada in partnership with Dream Unlimited Corp. (TSX: DRM). Dream is… [Read More]

Automotive Properties REIT Completes Acquisition of a Portfolio of Three Dealership Properties from AutoCanada

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/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO, June 25, 2019 /CNW/ – Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (the “REIT”) announced today that it has completed the previously-announced acquisition of a portfolio of three automotive dealership properties from AutoCanada Inc. (TSX: ACQ) (“AutoCanada”) for a… [Read More]

Lakeview Hotel Investment Corp Amends Amended and Restated Credit Agreement

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WINNIPEG, June 25, 2019 /CNW/ – Lakeview Hotel Investment Corp (“LHIC“) announces that it has amended its amended and restated credit agreement dated January 31, 2018 as amended by a first amending agreement on December 18, 2018 (the “ARCA“) with a syndicate of lenders led by Alberta Treasury Branches and including Business Development Bank of Canada… [Read More]

BTB announces the acquisition of two properties located on the South Shore of Montréal, Québec

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MONTRÉAL, June 25, 2019 /CNW Telbec/ – BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB” or the “Trust“) is pleased to announce the acquisition of two properties located on the South Shore of Montréal, Québec.  This $62.6 million transaction, excluding transaction fees, brings to 67 the number of properties owned by the Trust and its rentable area… [Read More]