Media highlights

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