LocationsRecent Articles
Top-10 CRE transactions of 2022 in the GTA, GGH
Top-10 CRE transactions of 2022 in the GTA, GGH
Commercial real estate transaction activity in the Greater Toronto and Greater Golden Horseshoe areas slowed considerably in the second half of 2022 after an initial strong carry-over from 2021.
BGO co-CEO Sonny Kalsi says put money on office
Wanna make money in the next five years? Sonny Kalsi, co-CEO of BentallGreenOak, says to buy office as lenders stop being so understanding and start to move distressed deals to the market. Kalsi co-founded GreenOak Real Estate in 2010.
T.O. condo developer Peter Freed moves into rec. market
In late 2021, Peter Freed, the founder of Freed Developments, announced he was taking control of a handful of Ontario’s most familiar resort properties. Freed has ambitious ideas to expand Freed Hotels & Resorts with 5,000 to 7,000 units for recreational use.
Multiresidential sector could see surge of investment in 2023
Canada’s multiresidential sector is bracing for a big year of activity in 2023.
Tech layoffs to have minimal effect on Van. office vacancies
An expanding wave of layoffs in the tech sector will have minimal impacts on Vancouver’s office market “We obviously have heard about layoffs in the tech sector, Amazon being one . . ., but so far they’re holding course,” said Colliers' Susan Thompson.
Winnipeg mall owners plan parking lot apartment complex
The owners of Winnipeg's Northgate Shopping Centre have proposed to build an apartment complex on the south parking lot of the mall. The plan calls for 204 rental units in three buildings.
Thornhill's Promenade Shopping Centre to be redeveloped
The Promenade Shopping Centre, in the heart of Thornhill, will be the centrepiece of a multi-phase development as part of an emerging urban centre. Liberty Development Corporation's first two condominium towers are currently under construction with occupancy expected in 2024.
Retailers must master hybrid business model: Report
Retailers are required to master both online and in-store shopping experiences, according to research by SOTI Inc., and those who don’t use technology to enhance both experiences risk losing customers to their competitors faster than in previous years.
Proposed 67-storey mixed-use tower step closer in Surrey
Westland Living's proposal to build the tallest building in Surrey — a 67-storey mixed-use tower — received third-reading approval from council. The high-rise would include 746 residential units, a seven-storey commercial and office podium and an eight-storey residential podium.
BMO Nesbitt Burns’ analyst upgrades and downgrades
BMO Nesbitt Burns’ Peter Sklar is downgrading his rating from buy to hold for First Capital REIT (FCR-UN-T). "The rise in investor activism has led us to move to the sidelines until a clearer path emerges,” he said.
 | The Industrial Real Estate Show NAIOP's Anand Pye on CRE development and public policyChad GriffithsPartner, NAI Commercial |
Public pension funds graded poorly on climate
The 2022 Canadian Pension Climate Report Card by charity Shift Action found Canada’s largest public pension managers representing almost $2 trillion in assets have significant room to improve on their climate efforts, despite incremental progress.
Amazon pulling out of downtown Seattle office tower
For only the second time since Amazon came to downtown Seattle, it is allowing a major office lease to expire. Amazon will move workers out of its offices in Port 99 on Eighth Avenue when the lease expires next April.
Lawsuit against CBRE over dual representation dismissed
CBRE (CBRE-N) has prevailed in a lawsuit a D.C. landlord filed against it last year, with the judge ruling it can keep its $11.6M commission on a 600,000-square-foot sublease signed in 2018 with the Whittle School & Studios.
U.S. CRE construction expected to hold steady in 2023
Despite current headwinds, nonresidential construction spending is expected to increase at a moderate rate this year, mostly due to healthy architect and contractor backlogs, according to a new forecast from the American Institute of Architects.
Bargain hunters buying old U.S. offices
Office buildings are at the bottom of the list of assets most investors want to buy. However, as prices fall, there is a brave minority of buyers putting millions behind the belief office demand will return on a large scale.
ANALYSIS: Canada’s housing market stronger than it looks
“Many sidelined buyers are waiting patiently for the bottom to be revealed,” says Royal LePage CEO Phil Soper. “Once interest rates stabilize and consumers adapt . . ., many of today’s sidelined buyers will be back — sooner than many analysts are predicting.”
At least 30 GTA homes sold without owners' knowledge
A handful of organized crime groups are behind real-estate frauds in which at least 30 homes in the Greater Toronto Area (GTA) have either been sold or mortgaged without the real owners' knowledge.
Declining market could expose Van. condo buyers to significant risk
ANALYSIS: The Vancouver region is poised for a record year of condo completions, with 20,468 presale units scheduled for occupancy by year’s end, according to Zonda Urban, marketing analysts who track the sale of condominiums prior to or under construction.
How recessions have impacted B.C. real estate market
The real estate market is often considered a good indicator of the business cycle, so to get a feel for what may be coming, it may be wise to look at past recessions and how they’ve affected B.C. real estate.
Industry Events
-
Canada Real Estate Auction
Oct 22 2024
-
Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
-
MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
Follow us on Social Media
Follow RENX on your favorite social media platform for news delivered to your feed.
Locations
