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Allied puts Toronto data centre portfolio up for sale
Allied puts Toronto data centre portfolio up for sale
Allied Properties REIT (AP-UN-T) has decided to offer its downtown Toronto urban data centre (UDC) portfolio for sale following a review of its options for the three properties.
 | The People Space New Minto REIT CEO, moves at Hines, PSP, Colliers, Slate...Don WilcoxManaging Editor, RENX |
Van. aims to turn Granville into a street that never sleeps
Can Granville Street be both a nightlife district and a daytime hub? Both things can coexist, say Vancouver city councillors. However, they say, a street that never sleeps might not be the place for homes.
Home prices to remain below 2022 levels through '24: CREA
The Canadian Real Estate Association forecasts another year of housing market declines in 2023 as prices sank for the 10th straight month in December. Prices will rebound slightly in 2024, but remain below 2022 levels, the report says.
How vacant office spaces get new life
A sea change of sorts is upon the office sector, and much like the leading cause of the shift – the remote-work trend – there's no stopping it. Multiresidential, industrial, retail, hospitality, the number of projects is on the rise.
Federal workers decry lack of direction, long commutes
Ottawa public servant YuTaek Hwang has been working remotely for nearly three years. With a back-to-office mandate for federal workers taking effect this week, Hwang said his department has not offered any information about when he should return.
OPINION: The danger of downtown decline
Is the generation-long boom that has transformed downtown Toronto coming to an end? It is easy to think so these days. The office vacancy rate reached 16 per cent last year, quadruple the pre-COVID-19 figure.
Cost overruns and deadlines for all major projects
Le Quotidien has identified major projects to be completed in 2023 in Saguenay-Lac-Saint-Jean and all face delays, including Dubuc Bridge, three seniors homes, a school faility, Roberval courthouse, Saguenay-Bagotville Airport, The Micoua-Saguenay line, and the Centre L’Équilibre.
Quarries must be close to Toronto’s development
OPINION: How do we balance legitimate environmental concerns of extracting aggregate with the infrastructure demands of today and tomorrow? The answer is to ensure that pits and quarries are located as close to where the material is needed as possible.
Vorlage ski resort aims for new heights
After celebrating its 75th anniversary last year, Ski Vorlage is kicking off 2023 with a new name and new owners. Centre Vorlage will expand its offerings to include mountain, fat biking, alpine touring and bike-in/ski-in cabins.
Stantec adds 4 SaaS platforms to Azure market
Global design and consulting company Stantec Inc. has added four of its software-as-a-service (SaaS) platforms to Microsoft’s Azure Marketplace, offering its expertise in flood management and prediction and sustainable finance.
Real estate podcasts
Adrian Rocca, Fitzrovia: Developing 6,000 rental units, CRE Library
Antonia Cardone, Cushman & Wakefield: The value of being together in the workplace, Tenant Experience Network
Suzanne Sears, Best Retail Careers International: Retail staffing in 2023, Retail Insider
Spear Street pays $248M for Atlanta office assets
Spear Street Capital has purchased three office buildings in Atlanta for $247.5 million. The class-A assets are situated within Perimeter Summit. According to CommercialEdge data, State Street was the previous owner of all three office buildings.
NYC office market ended 2022 with a whimper
High availability rates and a slow end to the year have thrown a cloud over New York’s office leasing market. 23.2M square feet of space was leased in Manhattan in 2022, up 14% year-over-year, CBRE reports.
Russian buyers help propel Dubai housing sales to record
Russians were the biggest international buyers of Dubai real estate last year, when the city emerged as a safe haven amid geopolitical and economic uncertainty elsewhere, according to brokerage Betterhomes.
Trump Organization fined $1.6 million for tax fraud
Donald Trump’s company was fined $1.6 million Friday as punishment for a scheme in which the former president’s top executives dodged personal income taxes on lavish job perks – a symbolic, hardly crippling blow for an enterprise boasting billions of dollars in assets.
Windsor committee supports 42-unit residential building
St. Clair Rhodes Development Corp.'s five-storey, 42-unit residential building proposed for a vacant riverfront lot passed another hurdle, earning approval by Windsor's planning and heritage committee.
Market watchers have little faith in housing affordability moves
ANALYSIS: New federal housing policies are being met with significant skepticism as to whether they will curb speculation and increase affordability. The federal anti-flipping tax and the two-year ban on foreign home purchases came into effect this month.
B.C. owners, renters have highest housing expense in Canada: Survey
2022 saw record-breaking gas prices, rising inflation rates, and overall high living costs. A recent Point2Homes survey reports Canadian homeowners spend 24 per cent more of their income (or almost $300) than renters on monthly housing costs.
People are leaving biggest cities amid housing crunch
Canada’s largest cities are getting bigger and more expensive, forcing hundreds of thousands of people to search for affordable housing elsewhere. Nearly 100,000 people left the Toronto area over a one-year period to July 1, Statistics Canada reports.
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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