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Qualico grows Calgary development land bank to 5,000 acres
Qualico grows Calgary development land bank to 5,000 acres
Qualico Communities Calgary has made its largest land purchase in Cochrane, Alta., acquiring 536 acres that will be used to develop the future master-planned community Southbow Landing.
Canada’s CRE industry lags global peers on data science
Canada’s commercial real estate firms lag well behind global peers in adopting, and adapting, data science into their investment strategies, according to Altus Group's The State of Data Science in Commercial Real Estate Investing report.
Calgary, Van. reshaping empty office spaces in different ways
As workers slowly return to downtown, Vancouver has made a firm decision not to cede any of its office-tower space to residential, resisting suggestions such conversions might help lessen the city’s serious housing crisis. Calgary is doing the opposite.
Credit upheaval could impact Vancouver office sector
Financial pressure points in the global banking system threaten to torment Vancouver’s commercial real estate market, which has recently managed to weather market shocks. “It’s like the classic duck on the water right now,” said Colliers International's Susan Thompson.
Chinatowns in Western Canada evolve and renew
Every Thursday to Sunday, the wait staff at Victoria’s Ugly Duckling Dining & Provisions restaurant carefully set knives and forks on chopstick rests at each table. The Ugly Duckling, which opened less than two months ago, is not a Chinese restaurant.
Vancouver's Mount Pleasant attractive office destination
Eclectic coffee shops, breweries and thrift stores are not the businesses one would expect to see nestled in Vancouver’s “up and coming” corporate office neighbourhood of Mount Pleasant, said Avison Young's Glenn Gardner. The neighbourhood is dubbed Vancouver’s innovation district.
Ironclad's five-building Kelowna mixed-use set to begin
Winnipeg-based Ironclad Developments is ready to begin construction on a 401-unit mixed-use complex across from Kelowna's Orchard Park Mall. The development will include five six-storey buildings with a mixture of studio, one- and two-bedroom units as well as commercial.
Montreal innovation hub to open in December 2024
Governments will provide almost half of the funding for Ax-C, a $100-million entrepreneurship hub in downtown Montreal that will mirror existing structures in cities such as Paris and aims to turn Montreal into a global innovation leader.
Dilawri increases ownership in Automotive Properties
893353 Alberta, in concert with Dilawri Investment Trust, has acquired beneficial ownership of, or control or direction over, 982,900 trust units of Automotive Properties Real Estate Investment Trust (APR-UN-T) at a weighted average price of $12.55 per unit.
AHIP, K2 'support' agreement gives investor seat on board
American Hotel Income Properties REIT (HOT-UN-T) today announced it has entered into a support agreement with The K2 Group, a significant securityholder, enabling K2 Group to nominate one individual for election to the board of directors of AHIP.
Woodland Eco Homes promises zero-carbon housing
Woodland Eco Homes is attempting to replicate the evolving commercial real estate paradigm in the residential housing sector by building an eco-friendly, 3,200-square-foot single-family home that will serve as a prototype for a zero-carbon home.
Extra Space, Life Storage set to merge
Extra Space Storage (EXR-N) will acquire Life Storage (LSI-N) in an all-stock transaction. The company is expected to have a pro forma equity market capitalization of $36 billion and total enterprise value of $47 billion.
Tech’s retrenchment hammers U.S. office landlords
U.S. tech giants, grappling with a post-pandemic slowdown, have laid off tens of thousands of workers. Now they’re dumping millions of square feet of office space, pushing vacancies in city centres to record highs and ratcheting up pressure on CRE.
Saputo selling two Australian milk processing plants for $95M
Montreal-headquartered Saputo (SAP-T) has signed a deal to sell two milk processing plants in Australia to supermarket giant Coles Group Ltd. for about $95 million. Saputo says the fresh milk processing facilities are in Victoria and New South Wales.
ECB warns of risks posed by $1.66T in funds
Funds investing in CRE pose a threat to financial stability after growing significantly over the last decade, says the European Central Bank. The net asset value of the investment funds more than tripled to more than $1.66 trillion.
Demand for recreational homes outpacing supply
Jamie Robinson and other real estate agents say the ability to work remotely during the COVID-19 pandemic and a wave of people taking up outdoor hobbies have supercharged demand for recreational homes — and supply isn’t keeping up.
Student housing shortage more acute with record immigration
OPINION: The record arrival of more than one million new immigrants and non-permanent residents (mostly international students) last year has further fuelled the demand for rental housing while the growth in rental supply has been deficient.
Who is buying property in Vancouver?
VIDEO: In February, one big takeaway of a Statistics Canada report is that investors are snapping up most of the new properties in the Vancouver area. Lien Yeung breaks down the numbers to figure out what it all means.
80% of Quebec Airbnbs are illegal: RCLALQ report
A report by housing group Regroupement des comités logement et associations de locataires du Québec (RCLALQ) says almost 80 per cent of Airbnbs listed in Quebec were illegal. Airbnb said the data in the report is "inaccurate."
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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