AGP Executive Report
Last update: an hour agoFlexible Offices: Premier Workspaces signed an 11-year lease for 18,078 square feet in Studio City, adding more than 70 furnished offices. The site is slated to open in winter 2027. Redevelopment Setback: Voorhees’ Echelon Mall plan collapsed after the developer failed to secure a $90 million state tax credit, leaving the fire-damaged site without a clear path forward. The proposal included more than 300 homes. Office Sales: Four more former Slate towers in downtown Calgary sold to multiple buyers for $41.7 million, extending a series of sales from the distressed portfolio. Housing Policy: Canada’s federal budget proposes insured financing of up to 90% for eligible triplex and fourplex projects, longer amortizations for some rental buildings and faster approvals. TRREB says the measures could support new supply. Market Cooling: Montreal-area home sales fell 17.7% year over year in October as inventory rose 18.2%; the median detached-home price edged up 1.6% to $640,000. Corporate Wind-down: Elme Communities transferred its remaining assets and liabilities to a liquidating trust and dissolved on Nov. 6.
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