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Nathalie Palladitcheff talks REALPAC, Ivanhoé Cambridge outlook
Palladitcheff talks REALPAC, Ivanhoé Cambridge outlook
Commercial real estate investors and developers should look at affordable housing more closely as one way to solve some of the country’s housing problems, Nathalie Palladitcheff, president and CEO of Ivanhoé Cambridge, said in a wide-ranging interview with RENX.
1,995-unit res. development proposed in Hamilton
An application from owner 499 Mohawk Inc. seeks a total of 1,995 housing units in Hamilton. The plan includes eight- to 25-storey buildings on the four-acre site, including 1,945 condominiums and seven three-storey stacked 50-unit townhouse blocks.
Montreal wants to facilitate conversion of offices into housing
As the normalization of teleworking leaves many offices deserted, the City of Montreal wants to facilitate the conversion of downtown towers into apartments, to help alleviate the housing crisis. The housing vacancy rate in Montreal is three per cent.
Back-to-office order for public servants expected soon
The Treasury Board of Canada is expected to soon issue a mandate to require all federal public servants to go back to the office for a set number of days - widely speculated to be two or three days - every week.
False Creek Flats leads Van. CRE development into 2023
Strata office space in the False Creek Flats, a 450-acre site in East Vancouver that is seen as shaping the future of Vancouver commercial real estate, is currently selling for $1,400 to $1,600 a square foot.
Zincton All-Seasons Resort proposal faces challenges
Decades of flat skier numbers and climate change are threats to new resort proposals, but David Harley hopes to buck the odds with his proposed Zincton All-Seasons Resort, pinched between B.C.'s quiet Kootenay burrows of New Denver and Kaslo.
BTB REIT sells Quebec office property for $4.58M
BTB Real Estate Investment Trust (BTB-UN-T) announced the sale of an office property at 81-83 Turgeon St. in Sainte-Thérèse, Qué. The 24,925-square-foot building, acquired in November 2007 and renovated in 2017, sold for $4.58 million.
Ontario building permits jumped in October: OCS
The Ontario Construction Secretariat reports Ontario building permit values increased from September to October by 46 per cent, from $1.08 billion to $1.58 billion. The commercial sector led the way with an increase of 62.9 per cent.
Parkland expects record adjusted EBITDA in 2023
Parkland Corporation (PKI-T) announced its 2023 guidance which underscores the strength of its differentiated business model, diversified customer base and operating geographies. Parkland expects to deliver record adjusted EBITDA in 2023 and reach $2 billion by 2025.
Desjardins, EDC partner on $1B green projects funding
Desjardins Group and Export Development Canada (EDC) announced a loan guarantee partnership to provide up to $1 billion in sustainable financing over three years to medium and large export businesses looking to reduce their greenhouse gas emissions.
 | The Industrial Real Estate Show Investing during uncertain timesChad GriffithsPartner, NAI Commercial |
Real estate podcasts
Phil Fraser, Killam Apartment REIT: Growing Into a REIT, CRE Podcast
Don McDonald, Waverley Corporate Financial Services: Raising equity to scale, CRE Library
Sara Tabita, Granite Properties: Facilitating workplace needs through tenant partnerships, Tenant Experience Network
Meta pulls back on new 310K-sq.-ft. London office
Tech giant Meta won’t occupy a new 310,000-square-foot London office for which it signed a lease just last year. Facebook's parent company will now look to sublease the space at 1 Triton Square, which is owned by British Land.
U.S. sale-leaseback dollar volume drops by half In Q3
The number of sale-leaseback deals nationwide remained robust during Q3, but the dollar volume represented by those deals halved, according to SLB Capital Advisors' latest report. The dollar volume was $5.1 billion following Q2's $10.2 billion.
Welltower hiding losses In 'shell game': Short seller
Welltower (WELL-N), a $32 billion REIT that owns senior housing and health-care real estate, may be under more financial distress than its public statements have indicated, a new report by short seller Hindenburg Research alleges.
L.A. approves tax increase on deals over $5M
Los Angeles voters approved a tax on the sale of mansions and other multimillion-dollar real estate transactions to raise money for affordable housing in the second-largest U.S. city.
Proposed residential tower rises from 36 to 60 storeys
Landowner 462226 Ontario Limited's revised proposal for a tower at 295 Jarvis St. includes an increase to 60 storeys from 36. The IBI Group-designed tower would include 618 residential units, 12 vehicle parking spaces and 697 bicycle parking spots.
National Bank reverses mortgage portability decision
National Bank of Canada (NA-T) has reversed its decision to cancel mortgage portability on existing customers. Portability is a mortgage feature that allows customers to transfer their existing mortgage to a newly purchased property, allowing them keep lower interest rates.
False housing data helped terminate N.B. rent cap
An apparent misreading of housing data led Service New Brunswick Minister Jill Green to mistakenly believe new apartment construction in New Brunswick had fallen dramatically in 2022, when in it fact had increased substantially.
Van life grows in housing-stressed Vancouver
Jaden King, 23, and his girlfriend Baylee Talan, 24, are both chemical engineers who work full-time and make good incomes, but they have decided to save money by living out of their van in North Vancouver, B.C.
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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