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The Canadian Real Estate Association (CREA; French: L'Association Canadienne de l'Immeuble, ACI) is a trade association that represents real estate brokers, agents, and salespeople in Canada. [2] CREA's membership includes over 130,000 individuals, working through 90 real estate boards and associations across Canada. [2]
Canada is a nation heavily dependent on the real estate industry which accounted for roughly 14% of its GDP in 2020 [120] and over 20% in 2023. [121] There is a high risk that if investor sentiment changes, buyer demand may drop significantly, triggering a vicious cycle of prices declines that snowball . [ 122 ]
It started by managing assets previously managed by British Columbia's Ministry of Finance. BCI was modeled after other Canadian pension plan investment managers such as Caisse de dépôt et placement du Québec. [2] [3] [4] In July 2016, BCI formed QuadReal Property Group to manage real estate investments. This was in line with other Canadian ...
A multiple listing service (MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.
In both 2020 and 2021 real estate sales records were broken. By the end of 2021, the MLS Home Price Index was a record 25.3% higher than 2020. [83] During the pandemic, inter-provincial migration was also strong and continued into 2022, which also contributed to high prices. [83]
The province's name was chosen by Queen Victoria, when the Colony of British Columbia (1858–1866), i.e., "the Mainland", became a British colony in 1858. [27] It refers to the Columbia District, the British name for the territory drained by the Columbia River, in southeastern British Columbia, which was the namesake of the pre-Oregon Treaty Columbia Department of the Hudson's Bay Company.
RioCan Real Estate Investment Trust is the second-largest real estate investment trust (REIT) in Canada. [2] As of 2024, it has an enterprise value of approximately $14.3 billion and owns 188 properties with a net leasable area of 33 million square feet. [3] The company properties are located across Canada.
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