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Imperial Oil to lease, sell 325,000 sq. ft. of prime Calgary office
Imperial Oil to lease, sell 325,000 sq. ft. of prime Calgary office
More than 325,000 square feet of high-quality office space in the Imperial Campus in southeast Calgary is for lease or for sale in what is considered one of the best office properties in any suburban Canadian market.
Public servants to return to office 2-3 days per week by April
Federal public servants will be obligated to report to the office up to three days a week as of March 31, despite strong opposition by unions.
Suburban work for public servants could become common
As Ottawa contemplates the future of its downtown and the role of federal public service workers in it, the federal government could begin offering employees more flexible workspaces in the suburbs.
Shopify still paying rent at The Well: Allied
Despite scuttling plans to move into The Well office tower in downtown Toronto, Ottawa-based e-commerce company Shopify (SHOP-T) has not defaulted on its lease obligations, said Michael Emory, chief executive officer of tower co-owner Allied Properties REIT.
Van. industrial sales expected to be strong in 2023: CBRE
Metro Vancouver CRE experienced a period of adjustment similar to that seen in the residential market in 2022, according to a CBRE Vancouver Market Outlook, resulting in a mixed near-term outlook going into 2023.
T&T opens largest store in Montreal
T&T Supermarket is opening its first and largest store in Montreal as it continues to expand its footprint across the country with two more new stores opening in the New Year. The store has 70,000 square feet of space.
Shell Canada snapping up gas stations
After announcing its purchase of 56 gas stations from the parent company of Sobeys Thursday, Shell Canada is on the lookout for other potential acquisitions as it seeks to grow its retail fuel footprint across the country.
Parkland to double W. Canada EV fast-charging network
Parkland Corporation (PKI-T) will double the size of its ultra-fast electric vehicle (EV) charging network in Western Canada – from 25 ON the RUN chargers to 50 – and is keeping its foot on the pedal for its Canada-wide expansion plans.
Delta Hotels by Marriott Vancouver Delta opens
Delta Hotels by Marriott Vancouver Delta opened Friday 15 minutes from the BC Ferries Terminal and 20 minutes from the Vancouver International Airport. The hotel is part of Delta Hotels by Marriott, from Marriott Bonvoy’s portfolio of 30 hotel brands.
 | Real Estate with Howard Drukarsh Jacob Cohen, COO of The Daniels Corp.Howard DrukarshHost, Real Estate with Howard Drukarsh |
Agreements signed for Saskatoon’s ninth urban reserve
The City of Saskatoon and Pelican Lake First Nation have signed urban reserve agreements, clearing the path to designate the First Nation’s land on St. George Avenue, the site of Adam’s Lumber, as an urban reserve.
Real estate podcasts
Paul Lessner, JLL: The new retail success strategy, CRE Podcast
Adrian Rocca, Fitzrovia: Developing 6,000 rental units, CRE Library
Kendall Pretzer, Grace Hill: The creative and flexible imperative for hybrid success, Tenant Experience Network
Zara founder buys Seattle skyscraper for $323M
Spanish billionaire Amancio Ortega, founder of retail giant Zara, has agreed to buy a South Lake Union skyscraper for $323 million. Forty-story Kiara, a luxury apartment building, has 461 units and 15,247 square feet of retail.
U.S. CRE in 2023 'won't be pleasant': CBRE
Next year is likely to bring a downturn for most asset classes in commercial real estate, according to CBRE's 2023 United States Real Estate Outlook, which predicts increased vacancy rates and curtailed demand followed by a rebound in 2024.
Trends that will shape U.S. industrial real estate in 2023
In the second half of 2022, the U.S. industrial market began to show signs of tempering fundamentals, and it is likely the historical achievements of the past two years will take a step down, according to Marcus & Millichap’s Alan Pontius.
U.S. rents drop at fastest rate in seven years
Rent prices fell 0.4% in November — the largest month-over-month drop since Zillow started tracking this data in 2015, according to the real estate company’s latest rent report.
Toronto’s vacant home tax looms
Toronto’s new annual tax on vacant residences kicks in on Jan. 1 and it will have a significant impact on how real estate transactions take place as purchasers could be on the hook for penalties of up to $10,000.
Toronto approves Tory’s housing policy changes
Toronto Mayor John Tory easily secured council support Wednesday to kick-start the city’s most sweeping housing policy changes in decades. The suite of proposals includes everything from more mid-rises on main streets to allowing small apartments in every neighbourhood.
B.C. expanding speculation and vacancy tax in 2023
The B.C. government is expanding its speculation and vacancy tax to smaller municipalities, including North Cowichan, Duncan, Ladysmith, Lake Cowichan, Lions Bay and Squamish for the 2023 tax year.
59% of N.A.’s potential luxury homebuyers are millennials
North America’s luxury real estate market is being driven by millennials. According to luxury brokerage Engel & Völkers' report. 59% of those looking to buy a home above the $3 million price point were born between 1981 and 1996.
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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