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Category: Residential

Sale of 6 seniors residences nixed due to pandemic

Don Wilcox Residential Transactions Ontario Mar. 26 2020

An agreement to sell six Canadian retirement residences to a Singapore-based company has been scuttled by the COVID-19 pandemic. Singapore Press Holdings Limited announced this week it will not proceed with the $233-million purchase of the residences in Ontario and

Melcor announces staff, salary and dividend reductions

RENX Staff Residential Market Trends International Mar. 26 2020

Melcor Developments (MRD-T) and Melcor REIT (MR-UN-T) are reducing investor payouts, executive and staff salaries and laying off about 25 per cent of their employees in response to the “unprecedented economic challenges” being presented by the COVID-19 virus pandemic. In a release issued

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