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Vancouver office: A tenant's market, but where will they come from?
Van. office: A tenant's market, but where will they come from?
Over the past 30 years, there have been only two or three tenant-friendly periods in the Vancouver office market, but we’re in one now according to Bart Corbett, a tenant leasing specialist with Cushman & Wakefield.
Major Port Moody residential development underway
Edgar Development has launched pre-sales and will begin construction this summer on the first master-planned residential community in Port Moody, B.C., in nearly 20 years. Portwood will be a $1-billion development spanning 20 building across five new neighbourhoods.
Blue Jays' prez reveals $300M Rogers Centre reno strategy
A $300-million investment in Toronto's Rogers Centre that includes fan-related facilities where the baseball game itself is a mere backdrop, is a stop-gap measure intended to extend usage of the centre for 10 to 15 years.
REITs mark 30th anniversary in Canada
To mark the 30th anniversary of Canada's REITs, REALPAC and Real Estate Equity Securitization Alliance members opened the TSX on March 29. Since 1997, REITS in the TSX REIT Index have generated an average annual return of 9.7 per cent.
Ontario proposes allowing cities to expand more quickly
Ontario is proposing to allow municipalities to expand their boundaries more quickly and easily, to open up more land for housing and help the province reach its goal of building 1.5 million homes in the next decade
Tessera Group to build new HQ in north Durham, Ont.
North American manufacturing company Tessera Group Inc. will build its new corporate home in north Durham. Tessera’s new headquarters will combine its various locations across the Greater Toronto Area under one roof. The new investment will include 95 jobs.
Kubota closing one of its Orillia, Ont. facilities
A 39,000-square-foot plant that opened in 2013 at Kubota Materials Canada on Commerce Road in Orillia will shut down later this year. Kubota president Hiroshi Makino said the Orillia TXAX plant will be “ceasing production” in June.
RBC Capital Markets team enjoys strong sales in CRE sector
Despite many concerns about commercial real estate ,Jason Cottle, managing director of RBC Capital Markets Real Estate Group, says as Alberta experiences unparalleled levels of net migration, retail sales, rental growth and property is experiencing lively interest among buyers.
The Zellers reboot creates a buzz, raises strategic questions
Hudson’s Bay Co. rebooted discount brand Zellers as a special store-in-store section in selected department stores in March. Retail strategist Lisa Hutcheson says it's jarring to see the sprawling, former brick-and-mortar Zellers stores reduced to 10,000-square-foot areas.
Dollarama targets 2000 stores by 2031
Montreal-based Dollarama added five stores in Manitoba, bringing its provincial store count to 47 with a net national expansion of 65 new stores during 2023. There are currently 1,486 stories across Canada with plans to reach 2,000 by 2031.
Sleep Country to buy Casper’s Canadian operations
Sleep Country Canada Holdings Inc. says it will acquire Casper Sleep Inc.’s Canadian operations. Toronto-based mattress retailer Sleep Country says it will pay US$20.6-million for the U.S. mattress-in-a-box company’s Canadian assets.
T&T Supermarket to open in London
An Asian grocery giant is coming to London opening in the former Food Island space at Oxford Street West and Wonderland Road. T&T is a fast-growing, B.C.-based chain owned by Loblaw Companies, with 31 stores in four provinces.
A $1.5-trillion wall of debt is looming for US CRE
Almost $1.5 trillion of U.S. commercial real estate debt comes due for repayment before the end of 2025. The big question facing those borrowers is who’s going to lend to them?
Record EV battery plant breaks ground in Washington state
Leveraging over $700 million in public and private funding, Group14 claims its project is the world’s largest commercial factory for advanced silicon battery materials. Group14 Technologies has begun constructing the facility, its second factory, in Washington state.
Tesla to build Shanghai factory to make Megapack batteries
Tesla Inc. is opening a factory in Shanghai, capable of producing 10,000 Megapack energy products per year to complement a huge existing Shanghai plant manufacturing electric vehicles. Tesla also has a Megafactory in Lathrop, Calif.
Brookfield, Cbus to develop A$500m office building in Perth
Brookfield and Cbus Property have formed a venture to develop a A$500m office building in Western Australia. The Nine The Esplanade project in Perth’s Elizabeth Quay, currently under construction, is anticipated to be completed in 2025.
Vancouver staff recommend rezoning over 200 Cambie Corridor lots
Vancouver city staff is recommending that council allow 220 parcels in the Cambie Corridor area, which are currently designated for single-family homes and duplexes, to be rezoned for potentially building some 1,600 townhome and row-house units.
Interest in backyard homes grows amid soaring costs
In November, 2018, Chauncey Birch was scoping out a fixer-upper in Toronto’s Cabbagetown neighbourhood to buy, renovate and then rent out. He came across an outdated four-bed, three-bath duplex sitting on a lot that was 63 metres deep.
The First Home Savings Account is finally here.
Buying a home in Toronto, with the average cost of a home topping $1.1 million requiring a 20 per cent down payment of $220,000, is being made more affordable with a federal tax-free homebuyers savings plan.
B.C.'s short-term rental policies has issues with enforcement
Even though B.C. is on track with its policies to target short-term rentals like Airbnbs, issues still persist when it comes to enforcement and compliance throughout municipalities.
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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