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Montreal's Top-10 CRE transactions of 2022
Montreal’s Top-10 CRE transactions of 2022
Transaction activity in Montreal’s commercial real estate market was much heavier in the first part of 2022 than the rest of the year, as interest rate increases made a major impact.
Too many roadblocks stymie B.C. rental building: Wesgroup
Construction costs, high interest rates and government programs that no longer accommodate the current market are making purpose-built rentals next to impossible to move forward with in B.C., according to Brad Jones, senior vice-president of Wesgroup Properties.
Forge & Foster redeveloping Brantford twine factory
Hamilton-based investment manager Forge & Foster is redeveloping the four existing brick buildings of a120-year-old former Brantford twine factory into a commercial community. The 190,000-square-foot space's tenants will include a cycle shop, bridal centre, craft brewery and poutine shop.
 | Forging Hamilton Hamilton's high-density development sector is maturingAlex ManojlovichDirector, Strategy and Research, Forge and Foster |
Flexible workplaces 'win-win' for workers, employers: Study
A new study on work-life balance by the International Labour Organization says flexible schedules and shorter work weeks can lead to more productive, healthy and loyal workers.
Insured damages from Hurricane Fiona surpass $800M
The Insurance Bureau of Canada says insured damage from hurricane Fiona will now surpass $800 million, according to an estimate by Catastrophe Indices and Quantification Inc. (CatIQ). The previous insured damage estimate was $660 million.
OPP may investigate Ontario’s plan to develop Greenbelt
Investigators with the Ontario Provincial Police’s anti-rackets branch have begun making calls as they work to determine whether to open an investigation into the Ford government’s plan to allow development in parts of the Greenbelt
Receiver seeks order developer’s transactions fraudulent
Grant Thornton Ltd., the receiver for Paramount Equity Financial Corp., a mortgage investment company found to have defrauded investors, has escalated its legal battle with Toronto developer Enzo Mizzi whose projects were allegedly central to the company’s collapse.
Greater Vancouver investment deals stalled in Q3
A range of macroeconomic factors, led by rising interest, rates stalled Metro Vancouver real estate investment in the third quarter. Altus Group Q3 sales data indicates 435 deals were done with an aggregate value of $2.3 billion.
Aurora closes sale of Edmonton-area facility for $15M
Aurora Cannabis Inc. (ACB-T) says it has closed the sale of its Aurora Polaris facility in Leduc, Alta. The Edmonton-based company says gross proceeds from the sale totalled about $15 million.
Vulcan Industrial building Alta. warehouse/service centre
Houston-based Vulcan Industrial, a provider of mission-critical engineering services and systems, will open a new warehouse and service centre in Clairmont, Alta. The northern Alberta facility will be fully operational on March 1, 2023.
RVE's EV energy management systems for homes
With the number of electric vehicle (EV) charging stations across Canada increasing every month, Laval, Que.-based Recharge Véhicule Électrique (RVE) is satisfying a growing market need with its DCC line of EV energy management systems.
Amazon will take years to recover from overbuilding binge
It could take Amazon three years to recover from a pandemic-era warehouse expansion binge that left the e-commerce giant with too much space, according to new estimates from consulting firm MWPVL International.
Cineworld locks focus on group sale as shares slide
Cineworld will focus on a sale of the group as a whole rather than individual assets, the British cinema operator said on Tuesday, sending the troubled company’s shares sharply lower.
Smaller banks stepping into U.S. CRE lending void
The U.S. commercial real estate debt market crumpled last year, weighed down by historically aggressive interest rate hikes, but regional and community banks have stepped in to partially fill the void as giants like JPMorgan Chase have retreated.
McDonald’s abandoning Kazakhstan over war
McDonald’s Corp. is set to abandon Kazakhstan after disruptions triggered by the invasion of Ukraine left the central Asian nation without a substitute for Russian meat supplies, according to sources.
There’s more trouble ahead for real estate in 2023
ANALYSIS: They said it wouldn’t last and it didn’t. The real estate frenzy that took flight with the pandemic came crashing down to Earth in March with the first of seven interest rate hikes. It has been grounded ever since.
Montreal housing sales plunge 39% year-over-year
A total of 2,232 units were sold in Greater Montreal in December, a 39 per cent drop year-over-year, the Quebec Professional Association of Real Estate Brokers said in a report published Thursday.
Ottawa home sales down 30% year-over-year
The Ottawa Real Estate Board reported a 30 per cent year-over-year drop in home sales in December, while the average price for a residential property dropped seven per cent at the end of the year.
The most expensive homes sold in 2022
Here’s a look at some of the highest sale prices achieved across some of our major cities in 2022.
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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