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Morguard JV acquires 'highly coveted' Ottawa office tower
Morguard JV acquires 'highly coveted' Ottawa office tower
Morguard Corp., one of Ottawa's largest office owners and operators, has increased its holdings by acquiring a 50 per cent stake in the nine-storey class-A Telus building at 215 Slater St.
Vancouver's Headwater Projects expands north to Nanaimo
Former commercial real estate broker Erin Gibault established Headwater Projects in 2008 to “get into business on the landlord’s side.” It's now active across B.C. in the Vancouver and Victoria areas and, most recently, Nanaimo.
Shopify puts huge Toronto office space up for sublease
Shopify Inc. (SHOP-T) put its office space in downtown Toronto on the sublet market Tuesday, flooding the country’s largest business hub with more unused space. The lease is for 348,103 square feet, spanning seven floors of the new tower.
75- and 76-storey towers proposed on Yonge St. strip
KingSett Capital plans to continue increasing density and height along Toronto’s most significant civic thoroughfare with a proposed 75-storey tower, following on the heels of a recently announced 76-storey tower, also on Yonge St.
Home buyers desperate to exit pre-construction condo deals
Toronto’s pre-construction real estate market may face disruption as buyers worry about their ability to close purchase agreements due to higher interest rates, according to realtors who've noticed a rise in assignment sale inquiries.
TO planning application volume drops dramatically: UTPro
In January 2022, UrbanToronto Pro highlighted an impressive number of November 2021 applications for development to the City of Toronto. Fast-forward to November 2022 when the UTPro Highlight reports only nine applications were received, compared to 49 in 2021.
 | Altus Group Cost escalation in three parts: past, present, futureMarlon Bray, Senior Director, Cost & Project Management at Altus Group shares his opinion/prognostication on the past, present, and future of construction cost escalation. Sponsored by: Altus Group |
Toronto’s 2023 $65.4 budget hikes taxes, seeks $2B bailout
The City of Toronto's proposed 2023 spending plan totals $65.4 billion for services and capital projects. Details revealed Tuesday indicate police and transit remain the biggest operating costs, along with several other new standout expenses.
Strong demand continues for industrial on Vancouver Island
Scarcity of supply and continued demand for industrial properties on Vancouver Island has resulted in a 10 to 20 per cent year-over-year increase in valuations, according to B.C. Assessment – and a record low 0.2 per cent vacancy rate.
3-D-printed industrial buildings planned near Kingston
This fall, the construction site for two large warehouses near Kingston will look different than a regular building site, with only a few people working mobile devices that control software operating an immense 3-D-printing machine.
Heavy machinery gets busy in Bécancour
Ahead of the official ground breaking, heavy machinery is busy in the Bécancour industrial and port park, the cradle of the Quebec battery industry. In this race against time, the General Motors and POSCO complex is about to take shape.
Ledcor considered for non-competitive Edmonton project
Ledcor could land a $26.5-million City of Edmonton sole-source, non-competitive construction contract for a pedway to a private development Ledcor is building. The pedway connects Churchill LRT station to Station Lands, a private multi-tower residential development.
Massive mixed-use project to transform Detroit community
A $300 million, 50-acre housing and commercial development in Detroit will transform one of Michigan’s oldest horse racing tracks with 450 single-family, row houses, carriage houses, townhomes, high-end apartments and luxury condos.
Vantage invests $814M in London, UK market
Vantage Data Centers, a US-based provider of hyperscale data center campuses, has entered the London market with the development of a 48MW $814-million campus. It also opened a 40MW data center on its Cardiff campus outside London.
Notre Dame’s restoration in Paris enters a new phase
At Notre Dame Cathedral in the week before Christmas, hundreds of workers toiled around the midpoint of Paris’ most famous sacred building, where a 600-tonne, 100-metre-high temporary structure was growing to support reconstruction work.
Home Capital rejected two offers before accepting original bid
Home Capital Group Inc. rejected two previous takeover bids from billionaire financier Stephen Smith before ultimately settling on the current deal. Smith Financial Corp. is acquiring the alternative mortgage lender for $1.7-billion, or $44 a share.
Weakest level of homes sales since 2001 predicted: TD report
A new report from TD Economics predicts in 2023 Canada will see the weakest level of home sales since 2001. The outlook attributes the prediction to the poorest affordability level since the late 1980s and early '90s.
Home sales off to 'more predictable' 2023 start in Waterloo
Waterloo region's housing market is a "little bit more predictable" for both buyers and sellers at the start of 2023, the president of the Waterloo Region Association of Realtors says, very different than last year's red-hot market in the region.
B.C. stratas skirting wide-open rentals, convert to 55 plus
Some strata corporations are using an exception in the new law prohibiting rental bans by converting to seniors-only or 55-plus buildings. Housing Minister Ravi Kahlon insists it’s not a loophole, and may be good news for seniors.
Landlords likely to bypass government program in PEI
Not allowing landlords to receive both a government compensation program and rent increases beyond the allowable standard will undermine the P.E.I. government program, a landlords group says. Last week the province announced a property tax rebate program.
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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