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EV battery plant, auto sector spark Windsor industrial surge
EV battery plant, auto sector spark Windsor industrial surge
Industrial availability is opening up in the tight Windsor market where a huge production facility for lithium-ion batteries and a coming resurgence in automotive production are combining to turn around the city's fortunes.
Uncertainty in office REIT space due to higher costs: Cooper
VIDEO: Michael Cooper, chair and CEO of Dream Office REIT, joins BNN Bloomberg to discuss the sale of a Toronto office property, and the outlook for office REITs given inflationary pressures.
Calgary hotels aim to return to pre-pandemic levels in 2023
A grinding two-year downturn pushed Calgary hotel operators to the brink early in the pandemic, but the industry is now staging a remarkable recovery — and some industry leaders say it could return to pre-COVID business levels in 2023.
OPINION: REIT investors may be disappointed by results
REITs on average offer very little yield advantage compared with bonds and that bodes poorly for future returns. The trailing 12-month yield on the REIT index is 4.3 per cent and the five-year bond yield is 2.9 per cent.
REM densification is coming to West Island
OPINION: West Islanders need to accept that high-density residential development projects in close proximity to the Réseau express métropolitain (REM) will continue to roll into town over the coming years.
CentreCourt's PRIME Condos hits halfway mark
PRIME Condos, developed by CentreCourt in partnership with Centrestone Urban Developments, is now more than halfway through its climb to a final height of 46 storeys at 319 Jarvis St. The IBI Group-designed structure will deliver 596 residential units.
Imperial invests $720M in Alta. renewable diesel facility
Imperial Oil Ltd. (IMO-T) will invest approximately $720 million in the construction of its renewable diesel complex, to be located at its existing Strathcona refinery, just east of Edmonton.
Canadian Tire to take over former Kelowna Costco site
Kelowna's Canadian Tire store is moving into a former Costco location. Submitted drawings indicate the warehouse will be expanded to 179,000 square feet, including about 107,000 square feet of ground-floor retail and a 14,000 square foot service centre.
Subway doubling pace of Canadian expansion
Subway Canada will open double the amount of stores from last year as it emerges from the pandemic. It plans to renovate existing locations and create new innovations to enhance consumer experience, says Ismail Azmy, director of business development.
Sport Chek to close Edmonton City Centre location
A sporting goods store – one of the larger retail tenants in Edmonton City Centre – has thrown in the towel. Sport Chek is closing its location on the east side of the downtown shopping centre effective March 12.
Supply chain issues expected to impact retailers until 2025
Gary Newbury, founder of RetailAID Inc., said 2022 was a period of adjustment across the supply chain and Canada faces another two years of adjustment and transformation until the final stage of rebalancing arrives in 2025.
Amazon to sell Bay Area office complex
Amazon.com Inc. is selling a vacant Bay Area office complex purchased for $123 million in October 2021, the company’s latest effort to unwind a pandemic-era expansion that left it with a surfeit of warehouses and employees.
CPP leads Harbor Group’s $1.6B fundraise for debt fund
CPP Investments' Credit Investments III is contributing $585 million to Harbor Group’s $1.6 billion fundraise for its Multifamily Credit Fund. The fund will target U.S. multifamily credit opportunities including senior mortgages and Freddie Mac K-series bonds.
Bed Bath & Beyond receives default notice from JPMorgan
Bed Bath & Beyond Inc. (BBBY-Q) edged closer to a bankruptcy filing on Thursday after the retailer said it had received a default notice from JPMorgan Chase & Co., its loan agent, and warned it didn’t have enough funds to make payments.
Surfside condo collapse emphasizes need for prevention
The collapse of the 12-storey condominium at Surfside, Fla. in the summer of 2021 killed 98 people and raised concerns in the structural engineering community about other buildings in the U.S., Canada and around the globe.
Toronto condo owners slapped with special fees
Condo owners at two Toronto buildings have been hit by demands for between about $25,000 and close to $50,000 above their regular fees, something industry insiders say may become a wider problem even in newer buildings.
Private lenders rein in real estate borrowers
As financial pressures intensify, real estate industry professionals are keeping a wary eye on debt-burdened homeowners – particularly those who rely on cash from private lenders. Mark Morris, Toronto-based real estate lawyer with LegalClosing.ca has a growing sense of foreboding.
Immigration targets exacerbate B.C.’s housing crisis
As Canada aims to welcome 465,000 new permanent residents in 2023, B.C. is grappling with the question of not only where they will live, but how to factor record national immigration levels into an existing housing crisis.
Victoria council adopts missing middle housing program
Missing middle housing, the biggest overhaul of the city’s residential zoning process ever undertaken, is now a reality after Victoria adopted the initiative. The program is designed to encourage medium-density housing options such as houseplexes, small apartment buildings and townhouses.
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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