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Groupe Mach acquiring 2 premiere Halifax office buildings
Groupe Mach acquiring 2 premiere Halifax office buildings
Groupe Mach spent $40 million to purchase the 22-storey 1801 Hollis St., one of the largest office buildings in downtown Halifax, in the developer’s first foray into Atlantic Canada. It's also acquiring a second tower in neighbouring Dartmouth.
Canada's office market fights on, ind. stays strong: Colliers
Suburban office vacancy rates were considerably lower than downtown in many markets across Canada, according to Colliers Canada’s 2022 Q4 National Market Snapshot report, which updates trends and statistics in the office and industrial sectors.
Canada’s cities see immigration-driven population surge
Canada’s urban areas experienced their strongest population growth in two decades, led by the Atlantic Provinces, rebounding from a weak expansion during COVID. Canada's CMAs grew 2.1 per cent – 574,000 people – over the year ending July 1, 2022.
Vancouver begins Granville Entertainment District plan
Vancouver city staff are set to embark on a planning process to guide future redevelopments within downtown Vancouver’s Granville Entertainment District, encompassing properties in a five-block area.
Opposition leaders call for Greenbelt development probe
Ontario’s three opposition leaders joined together to ask the province’s auditor-general to investigate the PC government’s move to carve 7,400 acres out of the protected Greenbelt, which the government claims will result in construction of 50,000 homes.
Developers push forward with construction programs
Despite high construction costs and other headwinds, strong demand for residential, industrial and institutional assets means plenty of opportunities for developers. Projects in B.C., Alberta and Ontario have pushed construction volumes at Vancouver's Concert Real Estate to record levels.
 | Trez Capital Equity strategies to consider in the current market environmentAs the Federal Reserve and Bank of Canada continue to combat inflation along with efforts to ensure a ‘soft landing’ to the predicted recession in 2023, the real estate investment market in North America is in flux Sponsored by: Trez Capital |
Oshawa begins major transit station area study
The City of Oshawa has initiated a Central Oshawa Major Transit Station Area (MTSA) Land Use and Area-specific Transportation Master Plan. The integrated MTSA study area is centred on the future central Oshawa GO Station site at 500 Howard St.
Subway explores sale that could top $10 billion, sources
Subway, which first opened in 1965 and has about 37,000 locations in more than 100 countries, is exploring a potential sale that could value the chain at more than US$10 billion, says a source familiar with the matter.
Nokia opens office in Toronto, plans Canadian expansion
Nokia is opening a new office in downtown Toronto’s Harbourfront community, part of its efforts to expand in Canada. The company recently announced an Ottawa research and development hub expected to create 340 jobs.
Demand for Ottawa industrial space ‘still huge’
Ottawa’s industrial availability rate rose to 2.6 per cent in Q4 2022, gaining nearly a full percentage point over the year as new projects boosted inventory, but rents continued their steady climb, according to CBRE.
FirstService Residential acquires two NYC businesses
FirstService Residential has acquired Charles H. Greenthal & Co. and Tudor Realty Services Corp. The existing property management teams of Greenthal and Tudor will continue to oversee their respective day-to-day operations. Terms were not disclosed.
Magil strikes back
Montreal's Magil Construction describes as "slanderous" the comments of the Minister of Sports of Cameroon about its withdrawal from the Olembé Sports Complex project. Magil says it had no choice but to withdraw from the development.
Canadian networks part of Ukrainian rebuilding efforts
Speaking during a recent webinar sponsored by the Canadian Urban Institute (CUI), members of ReStart Ukraine outlined some of their early steps to tackle the challenge of reimagining and reassembling a ravaged built environment.
Uptick of US office loan defaults is likely on the way
Turmoil in the economy has the CRE industry coming to terms with the fate of beleaguered office buildings as fourth-quarter reports paint a grim picture heading into 2023. For some, that will mean giving up and handing over the keys.
NYC REIT completes reverse stock split, ends REIT status
New York City REIT said Thursday it completed a 1-for-8 reverse stock split, which became effective Jan. 1, and terminated its REIT status. It owns a portfolio of commercial real estate in the five NYC boroughs.
City of Vancouver opens rental building at Cambie Gardens
A nine-storey rental building with 138 affordable-housing units has opened at the large Cambie Gardens development on Vancouver’s west side. The building is a result of city rules requiring developers to make community amenity contributions.
Indigenous-led housing project to include below-market units
An Indigenous-led affordable housing project in East London slated to start construction this year is a four-storey, 42-unit complex to be located at 18 Elm St., a former elementary school site.
Average rent in Canada back above $2,000: Urbanation
After hovering just above and then just below the $2,000-per-month mark in September and October, the national average rent for all property types bounced back over the threshold in November, rising 2.5 per cent to $2,024.
Foreign home buying violation has $10,000 penalty
A two-year ban on homebuying by non-Canadians exempts temporary work-permit holders and international students, subject to some conditions, and has the potential for $10,000 fines for violations.
Industry Events
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Canada Real Estate Auction
Oct 22 2024
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Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
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MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
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