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April 2010

Ally

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News articles for April 2010.
 

Ally

Research Assistant
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Mar 24, 2009
Messages
16,743
Real Estate comes of age

They had a national coming out party for Winnipeg`s commercial real estate market on Wednesday, and its days as one of the country`s wallflowers are over.

A bigger-than-expected crowd of nearly 500 real estate industry players, including 140 from outside the province, descended on the Fort Garry Hotel for a one-day forum on Winnipeg`s commercial real estate market.

It`s the first time that MMPI Canada, a Toronto-based firm that has been staging real estate forums in Canada since 1992, held one in Winnipeg.

And MMPI Canada vice-president George Przybylowski said there will be more to come.

"The answer is definitely yes. No question about it. The only question is the timing, and the feedback I`m getting is that it would be best to do it every two years."

He said the reason the company never held one here before was because there was never enough interest in the Winnipeg market from industry players outside the province.

But all that changed last year after the Manitoba economy and the local commercial real estate market escaped the recession relatively unscathed compared to much of the rest of the country. Suddenly, outside investors were keen to learn more about the Winnipeg market and its prospects for the future.

Read the full article here.
 

Ally

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Properity comes to the Prairies

Saskatchewan`s great bust-to-boom ride can be charted through its iconic vehicles – starting with the 1930s "Bennett Buggies," stripped-down cars drawn by horses and derisively named after a Depression prime minister.

Fast-forward to the hulking combines of the Big Wheat economy, and the pickup trucks that marked the oil-roughneck phase of the past decade.

So what will be the representative vehicles of the coming years? Very likely, they will be the $120,000 Porsches that will soon adorn Vaughn Wyant`s Saskatoon showrooms – the new buggies for professionals and executives who typify a thrusting Saskatchewan.

Mr. Wyant`s imminent opening of Saskatchewan`s first full-service Porsche dealer signals that the province, and the city of Saskatoon, are emerging from their post-Depression funk – a long period of economic lethargy that wheat markets, even in their best years, were never able to banish.

Saskatoon is engulfed in a paroxysm of conspicuous spending, from the million-dollar-plus houses in the Willows, the golf course development near Mr. Wyant`s suburban showroom, to the forest of cranes at University of Saskatchewan, which is in the midst of a billion-dollar building program.

Read the full article here.
 
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