The pace at which construction costs in in Canada have been rising has slowed, but elevated development and building prices remain among the major challenges impeding the pipeline of new housing projects, stakeholders say.
UPDATED WITH SALE CLOSING, NEW DETAILS: H&R REIT (HR-UN-T) has closed on the sale of one of its premiere remaining office properties, the million-square-foot downtown ONE60 Elgin complex in Ottawa, to Montreal-based Groupe Mach and Sarees Investments.
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