Developing Leader Spotlight: A Catalyst for Positive Change

May 30, 2024

Marie Ruff

“The spaces we occupy profoundly influence our lives, and it is my goal to shape those spaces in a way that enhances the well-being, productivity and creativity of individuals and businesses alike,” said Jace Jonsson, a recipient of the 2023 Developing Leaders Award. Jonsson said that his commercial real estate career has always been driven by the desire to be “a catalyst for positive change” within the commercial real estate industry and the broader community of Calgary in Alberta, Canada.

What’s Inside the 2024 Government of Canada Budget

May 1, 2024

Paul Brown

The Canadian government tabled its 2024 federal budget on April 16. The federal budget outlines a broad list of spending and tax measures to be implemented in the coming year. In broad macroeconomic terms, this budget lays out a path of significant spending increases, deficit projections well into the future, and tax increases to offset some of the spending.

Canadian Government Amends Prohibition on Residential Property Purchase by Non-Canadians

April 5, 2023

Leona Savoie

The Canadian government enacted legislation on Jan. 1, 2023, that disrupted commercial and residential real estate development across the country. The Prohibition on the Purchase of Residential Property by Non-Canadian Act (the “Act”) was originally intended to be a demand-side solution to make housing more affordable for Canadians by prohibiting residential purchases by non-Canadians over the next two years. However, the regulations under the Act, released only a week before enactment, unintentionally halted commercial investment in current and future residential and mixed-use projects in major metro areas.

Market Share

The Official Blog for Commercial Real Estate

Tag: Canada