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New Vancouver Centre II office tower officially opens
New Vancouver Centre II office tower officially opens
The 33-storey downtown Vancouver Centre II officially opened Thursday amid a very different office market than when GWLRA and co-owners HOOPP and Canada Life Assurance Company kicked off the development five years ago.
Harrison Street, Gracorp break ground on Block 15 in Calgary
Investment management firm Harrison Street and partner Gracorp Properties have broken ground on Block 15, a 303-unit multifamily property for young adults and students in Calgary’s University District.
Calgary's Eau Claire Market to be demolished for LRT station
A deal to locate an underground Green Line LRT station at Eau Claire will lead to the iconic Eau Claire Market's demolition, says Harvard Developments. It will also cause more than 50 businesses to be displaced next year.
Castlepoint Numa proposes 45-storey tower at Weston Village
The team of Castlepoint Numa, KIN Capital Partners and Forthlane Partners is proposing 1830 Weston, its third tower with adjacency to Weston UP Express Station. The 45-storey building would bring 562 new residential units to market.
Hybrid offices creating liability headaches for employers
ANALYSIS: Liability headaches are heaping up for companies in a range of industries as large numbers of employees work from home. They involve everything from occupational health and safety issues to privacy and security concerns.
Greenbelt Council does about-face, supports homebuilding
As Ontario's government faces increased scrutiny over its decision to open up parts of the Greenbelt for housing development, the head of an advisory group once seen as a defender of the land has thrown her support behind the move.
NCC ‘optimistic’ LeBreton lease deal with Senators near
The National Capital Commission says it’s on track to seal a long-term agreement with the Ottawa Senators later this year for a new NHL arena at LeBreton Flats. The site was identified in the 2021 LeBreton Flats Master Concept Plan.
Nicola Wealth's real estate portfolio tops $8.5 billion
Nicola Wealth Real Estate’s (NWRE) pace of acquisitions slowed in the second half of the year, but still amounted to 50 acquisitions totalling $1 billion of gross asset value. NWRE's portfolio has grown to over $8.5 billion.
Merge Spaces Scarborough’s newest collaborative workspace
At LCH Developments' Merge Spaces, ideas are bubbling. A vibrant mix of people brainstorm in the cafe while drinking bottomless coffees, learn breath techniques on Wellness Wednesdays, and celebrate victories by snapping content-worthy selfies.
 | The Saskatchewan Edge The Bay is resurrecting ZellersKelly MacsymicBusiness Manager, Stuart Commercial Inc., Sales Associate, ICR Commercial Real Estate |
CF Chinook Centre to welcome new retailers in 2023
Calgary’s CF Chinook Centre will see the addition of at least five retailers in 2023, including the first Uniqlo for Calgary, a Nike flagship store, Herschel, Mejuri and Jo Maloner. The shopping centre will also relocate and expand Birks.
ReNew’s 2023 Top100 projects have $273B value
ReNew Canada has released its 2023 Top100 Projects report and transit infrastructure led this year’s list. The Top100 projects reached a total value of $273 billion, unchanged from 2022.
Global CRE market faces $175B debt spiral
The slump in the world’s biggest asset class has spread from the housing market to commercial real estate, threatening to unleash waves of credit turmoil across the economy. Almost $175 billion of real estate credit is already distressed.
KKR latest REIT to cap withdrawals
KKR & Co. joined rivals including Blackstone in limiting withdrawals from a real estate investment trust after investors sought to pull out more money. KKR Real Estate Select Trust received requests in Q1 to repurchase 8.1% of net asset value.
Google parent firm Alphabet to lay off 12,000
Google’s parent Alphabet Inc. (GOOG-Q) is eliminating about 12,000 jobs, or 6% of its workforce, it said Friday, as Silicon Valley reels from layoffs and faces a troubled outlook.
WeWork announces global layoffs, Cutting 300 Jobs
WeWork announced it will eliminate 300 jobs globally in an effort to cut costs, primarily focusing on underperforming locations. Shares for the company (WE-N) dropped on the news.
Foreign buyer ban could further squeeze rental market
Canada’s temporary ban on home purchases by foreign buyers is likely to add demand to an already overheated rental market, housing experts including Benjamin Tal, deputy chief economist of CIBC World Markets, say.
Calgary housing market on the boil: Scotiabank
Population will be the main driver of housing markets for the foreseeable future, according to Scotiabank, with Alberta leading the way. Scotiabank economist Farah Omran singled out Calgary as the market in Western Canada benefiting the most.
Edmonton house prices expected to fall from record high
The value of an average detached house in Alberta's capital is expected to fall 2.9 per cent in 2023 as rising interest rates and the cost of living drive buyers to seek cheaper options, says the Realtors Association of Edmonton.
Properly pauses home sale guarantees amidst 'volatility”
Properly — which entered the proptech scene in 2018 — has announced a pause on all new Sale Assurance offers, under which the brokerage purchased clients’ homes that sat on the market for more than 90 days for a pre-agreed-upon price.
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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