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Pure Industrial in 2022: A year of 'enormous' growth
Pure Industrial in 2022: A year of 'enormous' growth
By any standard, the growth of Pure Industrial across Canada during 2022 was impressive. Shocking might be a better word.
CMLS Financial partners with Skyhawk Capital Advisors
Toronto's CMLS Financial has entered a strategic partnership and made an undisclosed investment in New York City-headquartered Skyhawk Capital Advisors.
Transportation supply chains are near breaking point
More than a hundred days since the Supply Chain Task Force’s independent report to the federal government indicated “Canada’s transportation supply chain is nearing its breaking point,” Canadian businesses are still waiting on concrete action.
Indigenous ‘renaissance’ driving B.C. development
The Lower Mainland is in the midst of an Indigenous real estate renaissance, says Dennis Thomas Whonoak, senior business development manager with the Tsleil-Waututh Nation. A growing number of First Nations-led development projects are in progress or in the pipeline.
Halifax moving commercial tax burden to business parks
Halifax's new commercial tax system will shift the burden to business parks so big-box stores pay more. Municipal commercial taxes in Dartmouth Crossing, Bayers Lake and Bedford Commons would go up by $5 million overall.
The rise and fall of Calgary's Eau Claire Market
The demise of Calgary's Eau Claire Market was long overdue, including in the eyes of site owner Harvard Developments, which has been planning to wipe it out and build anew since at least 2006.
Lina’s prepares to open 15,000-sq.-ft. location In Calgary
Calgary chain Lina’s Italian Piazza is building a 15,000-square-foot grocery store and dining establishment in the Inglewood neighbourhood based on the concept of an Italian public square or marketplace. The concept is the fourth location in Calgary.
St. Lawrence Seaway traffic down 5% in 2022
The St. Lawrence Seaway saw nearly two million fewer tonnes of cargo shipped via the international waterway in 2022. Overall traffic on the seaway declined by five per cent from 2021, with 36.2 million tonnes of cargo.
62-storey 11 YV rising above podium in Bloor-Yorkville
The 62-storey 11 YV, a joint mixed-use development from Metropia, Capital Developments and RioCan REIT, has reached the first floors of its tower portion. The residential and retail tower at 11 Yorkville Ave. was designed by Sweeny&Co Architects.
RED Mountain Resort sells out Crescent condo project
Red Development Company, the real estate division of RED Mountain Resort, recently sold out The Crescent at RED, a collection of 102 homes, ranging from studios to one-bedrooms and lofts.
Four Seasons executive George Schwab dead at 94
George Schwab, a pioneering hotelier who opened and managed properties in Calgary, Vancouver, San Francisco, Santa Barbara, Calif., New York and other cities for Toronto-based Four Seasons Hotels and Resorts’ founder Isadore Sharp, has died at 94.
HTEC to build B.C.'s largest green hydrogen plant
HTEC, a Vancouver-based hydrogen supply company, plans to build the largest green hydrogen production plant in B.C. The project is linked to HTEC's purchase of ERCO Worldwide's 19-acre industrial property on the North Vancouver coast.
CPP anchors new IndoSpace fund with US$205M investment
Indian warehouse and parks developer IndoSpace said CPP Investments will invest $205 million in its new real estate fund. The investment from Canada’s biggest pension fund is part of IndoSpace’s new fund targeting $600 million in equity commitments.
Can Aritzia live up to the hype in the U.S.?
Founded in Vancouver in 1984, Aritzia has long been a mainstay for Canadian shoppers, and has steadily grown its U.S. presence since opening two stores in Seattle and Santa Clara in 2007. Its popularity in the U.S. has exploded.
Manhattan’s Spiral tower lands new tenants
Tishman Speyer signed leases with two new tenants at the Spiral, one of its Manhattan skyscrapers. Consulting firm Baker Tilly and Swedish bank SEB AB struck deals for office space at the 66-storey tower near Hudson Yards.
China owns vast network of U.K. real estate
The Chinese government owns a vast network of U.K. real estate via offshore secrecy jurisdictions such as Luxembourg and the Isle of Man, the Guardian can reveal, raising questions about Beijing’s grip on links in the U.K. supply chain.
Hamilton to restrict short-term rentals
It will soon be illegal for Hamilton homeowners to rent their properties short-term if they don't actually live there. Enforcement will begin in June with the hopes of freeing housing stock for longer-term rentals for Hamilton residents.
Credit unions offering way around stress tests set to grow
Provincially regulated credit unions such as Meridian and DUCA are not bound by federal rules, and can choose whether or not to apply OSFI’s strictest qualifying standards for uninsured mortgages, subject to any rules adopted by their provincial regulators.
Rapidly cooling housing market helping to slow inflation
Housing costs and Canada’s unique way of capturing them in inflation, suggest that consumer price gains may slow rapidly in coming months. As the largest expense for most households, shelter makes up 30 per cent of Canada’s consumer price index.
T.O. housing market went from euphoric high to major burden
In the heady days of February 2022, the GTA’s record high home values peaked. For the first time in history, detached houses in the City of Toronto were selling for more than $2 million on average.
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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