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Westmount Park, HighSide team up across N. America
Westmount Park, HighSide team up across N. America
Westmount Park Investments and HighSide Companies have partnered to act on hundreds of millions of dollars of commercial and multiresidential real estate development opportunities in the United States and Canada.
Nicola Wealth rebrands T.O. subsidiary as Nicola Blackwood
Two years after acquiring Toronto-based Blackwood Partners Inc., Nicola Wealth Real Estate is taking the next step in its integration of the firm by rebranding it as Nicola Blackwood Realty Advisors.
Yorkdale sets record as highest-performing shopping centre
Sales came roaring back to Toronto’s Yorkdale Shopping Centre in 2022 after pandemic lockdowns hammered the retail industry. A report from ICSC indicates record-breaking sales per square foot and overall sales that surpassed $2 billion for the first time.
Loblaw to open 38 Shoppers Drug Mart, grocery stores
Loblaw, the country’s largest grocer, says it plans an increase in spending this year as it renovates hundreds of locations, opens 38 new or relocated grocery and Shoppers Drug Marts. Two-thirds of the new locations will be Shoppers Drug Marts.
Malls turn to rollerskating, haunted houses to boost traffic
Henry O’Brien didn’t initially think his idea to launch a pop-up rollerskating business in 2021 would be part of the mixed bag of solutions commercial real estate owners would test to save malls from extinction; then landlords started responding.
Winner in the world’s biggest housing boom: Stephen Smith
Perhaps no one has made more money off the world’s biggest housing boom than Canadian financier Stephen Smith. But as Smith tells it, he built his fortune — estimated by Bloomberg at $3.6 billion — without needing property prices to soar.
 | The Industrial Real Estate Show The power of class-B industrial real estateChad GriffithsPartner, NAI Commercial |
Industrial property taxes in Victoria to rise 22% to 37%
Victoria council voted Thursday that residential and business property owners — other than industrial — will face a relatively modest increase of 6.15 per cent. Major industry will face a 37 per cent increase, light industrial properties a 22 per cent rise.
Waterloo region OP gets OK for expanded boundaries
The Region of Waterloo's official plan has been approved by the Ontario Ministry of Municipal Affairs and Housing, allowing the region to expand its boundaries – beyond what was expected – by an additional 2,380 hectares.
Downtown Hamilton to see high-density projects
Sourcing statistics and information from UrbanToronto, UTPro generated a report that compiles a list of all projects within 800 metres of 60 James Street North in Hamilton, a central position in the city's burgeoning downtown.
Calgary industrial lease rates rise as demand spikes
Calgary industrial vacancy rates ticked up slightly in Q1 2023, to a still-tight 1.7 per cent, but lease rates are rising “significantly” according to a new report from commercial real estate agency JLL.
Average rents across Canada rose 1% from February to March
A new report by Rentals.ca and Urbanation released Thursday concluded the rental market reaccelerated in the spring, bringing the average rent to $2,004 in March. That's a 10.8 per cent gain compared with a year earlier.
Billion-dollar manufacturing plans hit real estate snags
Twenty U.S. industrial projects with investments over $1B were announced last year, but there are fewer than two dozen sites available across the country that can accommodate them. That math could add up to a real problem.
Wave of distressed CRE sales coming: Colliers
Sales of distressed CRE assets, which have been sparse both in percentage of deals and dollar volume in recent years, will soon spike Colliers reports, citing MSCI data that over $2T of debt maturities due by 2027.
Walmart closes 4 more locations in retreat from city centres
Walmart is closing four of its eight Chicago stores, the latest in a wave of urban-area closures: It plans to close 19 U.S. locations across 11 states, from Hawaii to Wisconsin. Walmart attributed its decision in Chicago's poor economic performance.
Colliers acquires New Zealand project management firm
Colliers International has acquired a controlling interest in Greenstone Group Ltd. a leading project management and property advisory firm in New Zealand. The Greenstone senior leadership team will remain significant shareholders of the business under Colliers’ unique partnership model.
Home sales continue to rise in March as markets tighten: CREA
The Canadian housing market showed signs of a rebound in March, with demand increasing and monthly home prices rising. After declining for 12 consecutive months, the national home price index rose 0.2 per cent to $709,000, February to March.
OSFI warns of longer-term risks as banks extend mortgage terms
The Office of the Superintendent of Financial Institutions is warning that while extensions to mortgage payment periods have helped borrowers absorb surging costs, they will keep them in debt for longer, threatening their financial stability and the banking system.
MVRD receives provincial support to build 2,000 affordable homes
The new-build affordable housing strategy of Metro Vancouver Regional District, including construction of 2,000 affordable homes over a decade, will be rolled out with financial support from the British Columbia government.
Fire razes 71 homes under construction in Vaughan
Approximately 71 homes under construction in Vaughan, Ont., at the Klein Estates by builder Lindvest, have been destroyed by fire. Valued at up to $2M, they include 32 detached homes, 21 townhouses and 16 at the basement stage.
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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