Media highlights

December

• Altus Group in The Globe and Mail (December 2, 2024) - Investors have fled preconstruction condos and no one knows when they are coming back

• Altus Group in Mortgage Professional America (December 2, 2024) - Commercial real estate recovery hinted at in report

• Altus Group in The Times Australia (December 3, 2024) - Sluggishness at the top imperils Australia's housing shortage

• Altus Group in The Financial Post (December 11, 2024) - Will latest bank of canada rate cut boost the housing market? Analysts weigh in

November

• Altus Group in The Independent (November 4, 2024) - Hospitals and police stations set for tax hikes in business rates overhaul

• Altus Group in Property Week (November 13, 2024) - Retail leads as CRE values turn positive for the first time since 2022

• Altus Group in Green Street News (November 15, 2024) - Slow recovery seen for Toronto's real estate market: Altus

• Altus Group in Mile High CRE (November 19, 2024) - Altus Group releases Inaugural U.S. Investment & Transactions Quarterly Report

• Altus Group in The Globe and Mail (November 19, 2024) - The office vacancy crisis: Can older buildings compete?

• Altus Group in Connect Canada CRE (November 20, 2024) - Commercial property taxes almost three times higher than residential: Altus

October

• Altus Group in The Toronto Star (October 2, 2024) - Toronto's top-tier office towers are finally filling up but outlook for older buildings is 'very bleak'

• Altus Group in The Guardian (October 13, 2024) - Rachel Reeves must keep promise to ease business rates burden, say retallers

• Altus Group in Canadian Lawyer (October 16, 2024) - Tough markets, tougher deals: Jessica Lee, assoclate GC at Altus Group

• Altus Group in Australian Property Investor (October 16, 2024) - UN goals won't be met If affordable housing is a box-ticking exercise

• Altus Group in GlobeSt. (October 21, 2024) - Investor sentiment Improves for multifamily amid broad decline for CRE

• Altus Group in The Financial Post (October 24, 2024) - Bank of Canada needs deeper rate cuts to bring real estate sector off sidelines, say experts

September

• Altus Group in GlobeSt. (September 3, 2024) - Five sunbelt markets with high multifamily returns

• Altus Group in The Urban Developer (September 10, 2024) - Cost Increases continue, but end In sight: Altus

• Altus Group in The Times (September 23, 2024) - Pubs face double whammy of tax rises, warns Industry

• Altus Group in Connect Canada CRE (September 26, 2024) - More canadian Investors looking to trade assets: Altus

• Altus Group in The Globe and Mail (September 28, 2024) - Calgary bullders lure Investor buyers

August

• Altus Group in Connect CRE (August 1, 2024) - A peek into the economic crystal ball

• Altus Group in Bisnow (August 1, 2024) - Chicago projects being dragged down by development hurdles

• Altus Group in The Globe and Mail (August 11, 2024) - Real estate insolvencies in Canada set to surpass levels of global financial crisis

• Altus Group in REMI Network (August 14, 2024) - Canada a hyper version of multifamily trends

• Altus Group in Property Week (August 20, 2024) - Valuation declines are moderating 'significantly', Altus data finds

July

• Altus Group in The Australian Property Journal (July 3, 2024) - Construction materials cost continue to rise

• Altus Group in Connect CRE (July 11, 2024) - Economic recap and federal reserve actions

• Altus Group in RENX (July 16, 2024) - Bottom Is in sight for most CRE valuations, office still a struggle: Altus

• Altus Group in Globest.com (July 26, 2024) - CRE firms make plans for stabilizing environment

• Altus Group in Connect Canada CRE (July 28, 2024) - Interest rate cuts will spur office transactions: Wong
  

June

• Altus Group in Connect Canada CRE (June 12, 2024) - Canadian investors have reason for optimism

• Altus Group in The Times (June 3, 2024) - Heathrow braced for £900m business rates bill

• Altus Group in The Independent (June 17, 2024) - Last orders: 80 pubs shut for good each month

• Altus Group in Connect CRE (June 20, 2024) - Chicago tops the list for commercial real property tax rates

• Altus Group in The Urban Developer (June 24, 2024) - Quarry fast track: No solid solution to Victoria housing crisis

• Altus Group in Daily Commercial News (June 26, 2024) - CRE Q2 survey shows office sector expected to be the worst performer
  
  

May

• Altus Group in Balance the Grind (May 1, 2024) - Balancing the Grind with Gordon Richardson, President, APAC at Altus Group

• Altus Group in Bloomberg (May 14, 2024) - Europe’s property slump easing as rents increase

• Altus Group in The Calgary Herald (May 16, 2024) - Housing starts hit record high in 2023

• Altus Group in Connect CRE (May 20, 2024) - Connect CRE’s 2024 Next Generation Awards

• Altus Group in ET HR World (May 23, 2024) - Economic Times’ Future Ready Organization Award

• Altus Group in Commercial Observer (May 27, 2024) - Why grocery-anchored retail keeps drawing so much attention

• Altus Group in The Australian Property Journal (May 29, 2024) - The global outlook for construction – and what it means for Australia

April

• Altus Group in Storeys (April 24, 2024) - Q1 sets record lows for new home sales in the GTA

• Altus Group in Connect Canada CRE (April 24, 2024) - Demand for newer office space to remain strong: Altus

• Altus Group in Daily Commercial News (April 24, 2024) - University of San Diego real estate team wins first place in 2024 ARGUS University Challenge

• Altus Group in The Real Deal (April 16, 2024) - Commercial property tax appraisals soar by 21% in Dallas County

• Altus Group in Commercial Property Executive (April 9, 2024) - SoCal shopping center commands $90m

• Altus Group in The Times (April 1, 2024) - National living wage rises by £1 to £11.44 an hour

March

• Altus Group in REjournals (March 27, 2024) - Altus Group’s positive prediction? Expect CRE sales activity to tick up during next six months

• Altus Group in BisNow (March 26, 2024) - More investors expect to deploy capital as buyers, sellers get closer on pricing

• Altus Group in The Globe and Mail (March 15, 2024) - In Calgary, some condo owners cashing out as others climb in

• Altus Group in BNN Bloomberg (March 14, 2024) - Office real estate faces 'reckoning' amid other tailwinds: research director

• Altus Group in The Toronto Star (March 14, 2024) - Canada’s largest pensions bet big on commercial real estate — now offices are emptying and valuations are crashing

• Altus Group in The Financial Post (March 13, 2024) - The 'nightmare scenario': High interest rates are pushing more developments into receivership

• Altus Group in Crain’s New York (March 11, 2024) - New debt deals show markets are open to some commercial landlords

• Altus Group in La Libre (March 14, 2024) - This new platform will delight investors: “Better understand why real estate values ​​change"

• Altus Group in The Urban Developer (March 4, 2024) - Construction material prices on the rise

February

• Altus Group in The Calgary Herald (February 22, 2024) - Varcoe: Calgary hotel owners 'stood up', and sky high property tax hikes came down

• Altus Group in Daily Commercial News (February 22, 2024) - Controlling the boil: Altus Group’s Norman outlines ‘unsteady’ housing economy

• Altus Group in Estates Gazette (February 21, 2024) - European property values experience 16% decline

• Altus Group in Real Asset Insight (February 21, 2024) - New valuation database ‘raises bar for analytics’ in Europe

• Altus Group in BNN Bloomberg (February 17, 2024) - Systemic risk concerns grow among money managers as real estate woes cause turmoil

• Altus Group in The London Evening Standard (February 14, 2024) - The Body Shop UK: What the administration could mean for High Streets and landlords

• Altus Group in Storeys (February 9, 2024) - "A total distraction”: Experts skeptical as governments zero in on foreign home buyers

• Altus Group in Toronto Sun (February 2, 2024) - As for Canada’s fragile housing market, more turbulence ahead

January

• Altus Group in Storeys (January 25, 2024) - Construction costs have moderated, but "equilibrium" to be short-lived

• Altus Group in RENX (January 25, 2024) - Construction cost hikes eased in 2023, trend might continue: Altus

• Altus Group in Daily Commercial News (January 19, 2024) - Record growth reported for industrial construction in Canada

• Altus Group in Storeys (January 19, 2024) - How Canada's commercial real estate markets will play out in 2024

• Altus Group in RENX (January 19, 2024) - Foreign buyers dominate GTA, GGH Top-10 CRE transactions of 2023

• Altus Group in Western Investor (January 17, 2024) - B.C.'s office, industrial real estate markets to adjust in 2024

• Altus Group in The Urban Developer (January 14, 2024) - Planets align for build-to-sell to bounce back

• Altus Group in Canadian Mortgage Professional (January 12, 2024) - Appetite for Canada's industrial space remains robust

• Altus Group in Financial Post (January 11, 2024) - Office tenants have upper hand amid glut of available space across Canada

December

• Altus Group in Storeys (December 29, 2023) - The Biggest Commercial Real Estate Deals in Metro Vancouver in 2023

• Altus Group in the NYREJ (December 26, 2023) – 2023 Year in Review: Omar Eltorai, Altus Group

• Altus Group in BBC News (December 23, 2023) – Pub closures: The communities stopping last orders for their local

• Altus Group in the Toronto Star (December 21, 2023) – Inventory of newly built homes at best level since 2015, building industry says

• Altus Group in Property Week (December 11, 2023) – UK’s property taxes highest in the developed world, Altus study reveals

• Altus Group in The Independent (December 11, 2023) – UK tax level rises to highest on record – OECD

• Altus Group in Mortgage Professional America (December 8, 2023) - Will America go into recession in 2024?

• Altus Group in REMI Network (December 7, 2023) – Interest rates subdue multifamily developers

• Altus Group in Australian Property Investor (December 7, 2023) - Construction costs easing but developer margins still stretched

• Altus Group in the Globe and Mail (December 6, 2023) – Commercial real estate expected to recover through 2024

November

• Altus Group in The Financial Times (November 22, 2023) – UK’s biggest companies excluded from business rates freeze

• Altus Group in Property Week (November 22, 2023) – Autumn Statement: Hunt ‘gives with one hand, takes with another’ with planning and business rates changes

• Altus Group in The Australian Financial Review (November 19, 2023) – Lingering risks turn subcontractors off residential work: Altus

• Altus Group in BusinessDesk NZ (November 10, 2023) – Canadian multinational buys former All Black's software company

• Altus Group in The Australian Property Journal (November 9, 2023) – Altus invests in commercial property valuation software

• Altus Group in The Toronto Star (November 8, 2023) – ‘This is a huge blow:’ Toronto’s empty office space crisis worsens as WeWork teeters on bankruptcy

October

• Altus Group in Connect CRE (October 20, 2023) - Altus Group's Heidi Learner recognized as a Connect CRE 2023 Women in Real Estate Awards winner

• Altus Group in Property Week (October 18, 2023) – Altus predicts overall business rates bill will rise £1.95bn next April

• Altus Group in Wealth Professional (October 16, 2023) – Property taxes are out of step with CRE investors facing oversized costs

• Altus Group in The Calgary Herald (October 12, 2023) – Varcoe: Soaring tax share for Calgary businesses sets table for key city council decisions next month

• Altus Group in Bloomberg (October 11, 2023) – Tax Gap worsens Commercial Real Estate Woes in Canada

• Altus Group in RENX (October 11, 2023) – CRE-residential tax gap increased from last year: Altus

• Altus Group in The Australian Property Journal (October 11, 2023) – Managing construction costs in an inflationary market

• Altus Group in BBC News (October 8, 2023) – London has most pub closures over six months in England - study

• Altus Group in RENX (October 2, 2023) – Altus' downtown Montreal 'worst-case' office forecast: 33.7% vacancy

September

• Altus Group in Toronto Star (September 22, 2023) – Nearly 15,000 affordable rental homes ‘stuck’ in the pipeline, city says

• Altus Group in BBC News (September 18, 2023) – Two pubs a day disappearing in England and Wales

• Altus Group in The Wall Street Journal (September 13, 2023) – In-Person Work Doesn’t Look the Same Anymore

• Altus Group in The Globe and Mail (September 8, 2023) – Battle of Alberta: Why are Edmonton homes so much more affordable than Calgary’s?

• Altus Group in The Property Tribune (September 4, 2023) – Australia’s density dilemma: When every dollar counts, is the only way up?

August

• Altus Group in REMI Network (August 28, 2023) – Ontario keeps clinging to 2016 market values

• Altus Group in Toronto Star (August 19, 2023) – Property reassessment across Ontario postponed as system’s accuracy, fairness under review

• Altus Group in Financial Post (August 18, 2023) – Residential construction investment falls for fourth straight month in June: Statistics Canada

• Altus Group in Financial Post (August 17, 2023) – 'Like an Ikea set': Is prefab construction the solution to Canada's housing supply woes?

• Altus Group in HITEC (August 16, 2023) - Altus Group’s Jorge Blanco named to the 2024 HITEC 100 list

• Altus Group in Financial Post (August 15, 2023) – Posthaste: Real estate investors are shying away from Canada's biggest city

• Altus Group in Storeys (August 14, 2023) – Commercial Real Estate Investment Drops 27% Across The GTA

• Altus Group in Bloomberg (August 8, 2023) – Demolishing Office Buildings for the Land Underneath Is Latest Property Bet

July

• Altus Group in The Globe and Mail (July 31, 2023) - With office vacancies still high in Toronto, tenants privately negotiating best deals in years

• Altus Group in Australian Property Investor Magazine (July 20, 2023) - Lower construction costs offer hope to troubled building sector

• Altus Group in The Morning Advertiser (July 18, 2023) - Warning over alcohol tax changes increasing closures

• Altus Group in Financial Post (July 17, 2023) - Real estate industry closely watching sale of two Vancouver office towers in test of market

• Altus Group in Wealth Professional (July 10, 2023) - Canadian CRE investment remains slow says Altus Group

• Altus Group in IREI (July 1, 2023) - Property appraisals become more challenging in the absence of an active transaction market

June

• Altus Group in The Globe and Mail (June 26, 2023) - Homebuyers and homeowners struggle with ‘obscenely’ high building costs

• Altus Group in The Globe and Mail (June 21, 2023) - Single-family home construction in Calgary unable to meet demand

• Altus Group in RENX (June 21, 2023) - New Canadian dream? Industrial growth over home ownership

• Altus Group in BBC News (June 11, 2023) - Powys: Man spends 60 years pulling pints behind same bar

• Altus Group in The Globe and Mail (June 7, 2023) - Real estate experts propose mixed-use solutions for high-end retail spaces vacated by Nordstrom

• Altus Group in RENX (June 6, 2023) - Toronto's office space glut could persist for 20 years

• Altus Group in TVO (June 1, 2023) - Who should pay for growth?

May

• Altus Group in Sky News (May 30, 2023) - Only a third of hospitality firms optimistic about their future - as average energy prices rise by 81%

• Altus Group in The Globe and Mail (May 26, 2023) - Calgary sees a real estate comeback

• Altus Group in The Toronto Star (May 25, 2023) - Time for the wrecking ball? Report warns Toronto’s glut of empty office towers could last at least two more decades

• Altus Group in BE News (May 23, 2023) - Successful real estate investing requires smarter use of advanced tech

• Altus Group in XREMI Network (May 15, 2023) - Multifamily asset values hold steady

• Altus Group in Post City (May 15, 2023) - Empty office buildings could become your new apartment in Toronto

• Altus Group in Storeys (May 15, 2023) - Toronto’s New Multiplex Allowances Signify “A Very Big Milestone,” Here’s Why

• Altus Group in Canadian Lawyer Magazine (May 11, 2023) - Canadian Law Awards winners, 2023 edition, revealed

• Altus Group in GlobeSt.com (May 1, 2023) - CRE's Women of Influence, Class of 2023

April

• Altus Group in Benzinga (April 21, 2023) - Stranded Assets: Climate Change Could Put CRE In A Precarious Position

• Altus Group in The Globe and Mail (April 21, 2023) - Immigrants struggling amid Calgary’s tight rental market

• Altus Group in The Independent (April 11, 2023) - Over 150 pubs shut down in 2023 as energy bills cripple industry

• Altus Group in The Urban Developer (April 6, 2023) - Builders Hit ‘Most Dangerous Phase’ in Downturn

• Altus Group in CBC News (April 5, 2023) - Les bureaux continuent de se vider au Canada

• Altus Group in PERE News (April 4, 2023) - The great valuation challenge for the office sector

• Altus Group in RENX (April 3, 2023) - Canada’s CRE industry lags global peers on data science: Altus

• Altus Group in The Globe and Mail (April 3, 2023) - Canada’s downtown office vacancy rate hits 19 per cent as workers embrace remote work

March

• Altus Group in Property Week (March 14, 2023) - Spring Budget: industry urges government to lower business rates burden

• Altus Group in Storeys (March 6, 2023) - Data Science Remains an Untapped Resource for Commercial Real Estate Investors: Report

• Altus Group in Wall Street Journal (March 6, 2023) - The Invisible Role Taxes Play in America’s Housing Shortage

• Altus Group in Financial Post (March 4, 2023) - Nordstrom joins the exodus of U.S. retailers from Canada: What you need to know

February

• Altus Group in Bloomberg Tax (February 22, 2023) - Here’s Why Canada Has One of the Highest Property Tax Rankings

• Altus Group in The Guardian (February 20, 2023) - Loss of nearly 15,000 UK retail jobs a ‘brutal start to 2023’, report says

• Altus Group in The Globe and Mail (February 17, 2023) - Renters in Calgary, Edmonton pay more for housing than homeowners, study says

• Altus Group in Daily Commercial News (February 7, 2023) - Altus Group returns with 2023 Cost Guide after turbulent 2022

• Altus Group in The Times (February 7, 2023) - Retail crisis claims 15,000 jobs this year

• Altus Group in CBC News (February 6, 2023) - Turning empty offices into housing is a popular idea. Experts say it's easier said than done

• Altus Group in GlobeSt.com (February 3, 2023) - Altus Group recognized as 2023 CRE Tech Influencer by GlobeSt.com

• Altus Group in BNN Bloomberg (February 2, 2023) - Empty Office Towers Show Remote-Work Pain Rippling Through Montreal

January

• Altus Group in Bloomberg (January 2, 2023) - Grocers Set for Almost £550m Tax Reduction From 2023

December

• Altus Group in The Times (December 18, 2022) - More than one pub a day closes in England and Wales, real estate adviser Altus finds

• Altus Group in IR Magazine (December 11, 2022) - IR basics: An introduction to investor targeting

November

• Altus Group in The Globe and Mail (November 28, 2022) - Toronto and Vancouver’s office vacancies on the rise as companies try to get rid of space

• Altus Group in The Guardian (November 28, 2022) - Amazon’s UK tax bill could rise by £29m amid business rates overhaul

• Altus Group in The Wall Street Journal (November 22, 2022) - Housing shortage reflects the cheap cost of holding vacant land

• Altus Group in The Globe and Mail (November 22, 2022) - Long-term office outlook appears positive, says insider

• Altus Group in The London Evening Standard (November 21, 2022) - Premier League clubs face multi-million tax hikes over stadiums next year

• Altus Group in Property Week (November 21, 2022) - Large retailers’ rates bill slashed by over a third

• Altus Group in Vancouver Sun (November 13, 2022) - Downtown Vancouver hasn't recovered from COVID but it's showing more signs of life

• Altus Group in The Globe and Mail (November 11, 2022) - Alberta touts its affordability advantage to attract workers from Toronto and Vancouver

• Altus Group in RENX (November 9, 2022) - CRE bears brunt of property tax burden: Canada-wide update

October

• Altus Group in BNN Bloomberg (October 21, 2022) - Most mortgage holders have been stress tested for paying higher rates

• Altus Group in The Independent (October 19, 2022) - Firms face £2.7bn business rates rise from April due to inflation

• Altus Group in The Globe and Mail (October 14, 2022) - Why investors dominate the Calgary condo market

• Altus Group in Commercial Observer (October 13, 2022) - The 30 Most Powerful People in Commercial Real Estate Proptech | Jim Hannon & Rich Sarkis

• Altus Group in GlobeSt.com (October 11, 2022) - A Fed Rate Hike Reverberates Through the Capital Stack for Months

• Altus Group in The Caterer (October 10, 2022) - Pubs ‘vanishing' at increasing rate over last three months

September

• Altus Group in The Wall Street Journal (September 25, 2022) - The US is running short of land for housing

• Altus Group in Business in Vancouver (September 22, 2022) - Vancouver investment deals strong in Q2 as headwinds increase

• Altus Group in Storeys (September 14, 2022) - Just How Much is Riding on the Fall Real Estate Market?

• Altus Group in HITEC (September 9, 2022) - Altus Group's Jorge Blanco named to the 2023 HITEC 100 list

• Altus Group in The Globe and Mail (September 2, 2022) - More Calgary property investors are turning to short-term rentals even as demand increases for long-term tenancies

August

• Altus Group in The Global and Mail (August 28, 2022) - Nearly complete London, Ont., development put into receivership

• Altus Group in The Independent (August 15, 2022) - Chancellor urged to act over £750m in business rates disputes

• Altus Group in Commercial Observer (August 9, 2022) - Altus Group’s Jim Hannon Has a Big Appetite for Proptech Startups

• Altus Group in GlobeSt (August 4, 2022) - Inflation May Be More Supportive of Tight Cap Rates

• Altus Group in BNN Bloomberg (August 2, 2022) - Once the cycle of interest rate hikes ends the housing market will improve: Chief economist

July

• Altus Group in RENX (July 14, 2022) - Canadian CRE transaction value hit $23.8B in Q1: Altus

• Altus Group in Business Insider (July 7, 2022) - Has the Phoenix Valley real estate market hit its pandemic ceiling?

• Altus Group in BBC News (July 4, 2022) - Pub numbers fall to lowest on record

• Altus Group in The Real Deal (June 10, 2022) - Investors love the Sun Belt multifamily market