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SHAPE's new tower about to fill up at Burnaby's City of Lougheed
SHAPE's new tower about to fill up at Burnaby's Lougheed
SHAPE is offering what it calls a first in Metro Vancouver – the sales launch of an entire tower of newly constructed, ready-to-move-in condominiums in Tower THREE at its massive City of Lougheed development in Burnaby.
Cardinal Health tops 1.1M sq. ft. with new GTA facility
Cardinal Health Canada Inc. will increase its nation-wide distribution centre network to over a million square feet when it opens a new state-of-the-art robotics facility in the Greater Toronto Area later this year.
True North plans $550M facelift for downtown Wpg. mall
A 16-storey residential building is part of True North Real Estate Development's $550-million plan to redevelop downtown Winnipeg's Portage Place mall. True North intends to exercise the option to purchase the mall from Vancouver-based Peterson Group.
CAPREIT makes $55M in transactions in Montreal, Edmonton
Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) (CAR-UN-T) has sold a non-core Montréal portfolio of 180 residential suites and one commercial unit for $27.8 million. It acquired a new 89-suite Edmonton property for $27.2 million
RioCan saw strong Q1 retail occupancy levels: Gitlin
CEO Jonathan Gitlin says retail committed occupancy across RioCan Real Estate Investment Trust's (REI-UN-T) portfolio edged up to 98 per cent in the first quarter of the year from 97.4 per cent in the same period of 2021.
Minto Apartment REIT refinancing mortgages
Minto Apartment REIT (MI-UN-T) is refinancing hundreds of millions of dollars’ worth of mortgages as rising interest rates jack up the costs of servicing its debt and eat into its cash flow, the company says.
 | The Industrial Real Estate Show Canada market update: Daniel Foch of RARE Real EstateChad GriffithsPartner, NAI Commercial |
The Remington Group, Reynolds won't bid on Senators
Vaughan-headquartered The Remington Group and actor Ryan Reynolds won’t be putting their $1-billion bid on the table to buy the Ottawa Senators. It’s believed Remington was looking for an exclusive 30-day negotiating window for a new rink.
Costco issued building permit for Brantford site
Heather Carvalho, manager of communications for the City of Brantford, confirmed building permits were issued for a Costco warehouse and gas bar on March 10. The $33-million store will span more than 16,000 square feet, according to Carvalho.
IKO opens shingle recycling line at Ont. facility
IKO Industries Inc. recently commissioned its asphalt shingle recycling line at its Hawkesbury, Ont., manufacturing facility. Planning for the two-storey, 28,000-square-foot facility began in late 2019.
U.S. office REITs look at diversification for a life raft
As the pressure increases on the U.S. office sector, investors have voted with their dollars and office REIT stocks are trading well below net asset values. By that metric, office REITs are the worst off among public sector owners.
Office revival program coming to Midtown Manhattan
The NYC Economic Development Corp., in a partnership with the NYC Industrial Development Agency, unveiled the Manhattan Commercial Revitalization Program, an initiative designed to provide tax incentives for the renovation of office buildings in Midtown Manhattan.
Empty U.S. office buildings could lead to financial chaos
Many Americans may never return to the office full-time, raising questions about the future of some buildings — and raising the prospect of a financial meltdown. "I see a tsunami of loans coming due," said Rising Realty Partners' Christopher Rising.
Bankruptcies, bank failures haven't dented retail recovery
Several prominent U.S. retailers have filed for bankruptcy and three of the biggest bank failures in U.S. history have taken place in the past few months, but none of that has yet blunted demand for retail space.
Ontario Premier calls Greenbelt design a ‘scam’
Premier Doug Ford said Ontario’s “so-called” Greenbelt area is a “scam” he claimed was drawn up at random by a previous Liberal government, while defending his recent move to allow developers to build houses on parts of the protected lands.
Metro Vancouver rent climbs to $2,318
The average price for an unfurnished, one-bedroom rental unit in Metro Vancouver in May climbed to $2,318, up $55 from $2,263, according to liv.rent's latest report.
OPINION: Housing bubble could shift into high gear
The housing balloon, bubble or whatever you want to call it, finally popped last year, but on Monday, we could see its comeback accelerate. That’s when the Canadian Real Estate Association releases April resale data.
B.C. real estate prices trending up: BCREA
B.C.’s real estate market appears to be seeing an uptick in prices. The British Columbia Real Estate Association (BCREA) says month-over-month, prices have picked up consistently for the past three months. However, they remain lower year-over-year.
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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