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Labour, financing among today's top CRE concerns
Labour, financing among today's top CRE concerns
It's not easy to continue developing at a rapid pace amid labour shortages and financial uncertainty. However, that is what the industry must do, senior executives agreed during the closing panel May 30 at the Land & Development Conference.
High-density land remains coveted asset: Colliers
Land acquisitions have been on the rise and as Canada’s population surges at a record pace, high-density land should continue to command premium prices, according to Colliers’ National Land Report.
Vancouver eyes development of last waterfront site
ANALYSIS: The City of Vancouver is working on a proposal to rezone publicly owned industrial land in Southeast False Creek that is also the last of the developable inner city waterfront, making it highly valuable real estate.
Buttonville Airport makes way for new development
After 60 years, Toronto’s Buttonville Municipal Airport is in its final descent. Once poised on the fringes of the city, the small regional airport where thousands of pilots earned their wings is now in the direct path of encroaching development.
Feds must be open on office plans: Colonnade BridgePort
Hugh Gorman, CEO of Colonnade BridgePort, Ottawa’s largest property management firm, says the federal government needs to be “much more transparent” about its plans for its downtown office footprint so landlords can start preparing now for future vacancies.
Ivanhoe CEO on return to office and CRE stress
VIDEO: Nathalie Palladitcheff, Ivanhoe Cambridge CEO, joins ‘Squawk on the Street’ to discuss the state of the global real estate market and corporate real estate stress.
Three-storey downtown Edm. Union Bank Building sold
Union Bank Holdings has acquired the pre-First World War, three-storey rectangular brick and limestone-faced Union Bank Building at 10053 Jasper Ave. in downtown Edmonton. The building will be renovated to include a 6,500-square-foot corporate headquarters for Grow Lending Group.
Market solid for Vancouver industrial, retail: RE/MAX
Access to Metro Vancouver commercial real estate remains solid amid an atmosphere of rising borrowing costs and high inflation that’s holding back demand somewhat, according to a new report from RE/MAX Canada.
Ontario sorely lacking in condo managers: CMRAO
The Condominium Management Regulatory Authority of Ontario (CMRAO) is raising the alarm about the province's growing condo market, saying there's not a sufficient number of property managers to handle an expected influx of units.
SHIFT Energy, Blackstone announce tech partnership
SHIFT Energy and Toronto-based Blackstone Energy Services Ltd. announced a strategic partnership which will incorporate SHIFT’s energy management system into Blackstone’s energy and greenhouse gas platform for buildings. SHIFT’s technology will be folded into Blackstone's blackPAC distributed energy system software.
T&T Supermarket opens second store in Coquitlam
A massive line-up of shoppers showed up for the opening day of Coquitlam's new Lougheed T&T Supermarket, at 1085 Woolridge St. on Thursday. The 33rd store in the Asian grocery store juggernaut comprises 37,000 square feet.
Lennard Commercial opens North York office
Lennard Commercial, a provider of commercial real estate solutions, announced the grand opening of its sixth office located at Oxford Properties Group's office building at Yorkdale mall. This is Lennard's third new office opening in the last 14 months.
Fairfax to acquire majority of $2.1B PacWest loans
A subsidiary of Kennedy-Wilson Holdings plans to sell about $2.1 billion of a loan portfolio it bought from regional lender Pacific Western to Fairfax Financial Partners (FFH-T).
Invesque sells seven Illinois nursing facilities for $101.3M
Invesque Inc. (IVQ-U-T) today announced the sale of seven skilled nursing facilities in Illinois for US$101.3 million which closed on June 1. These assets were previously part of an absolute net lease with Symphony Care Network.
Brookfield India REIT targets US$400M raising: Sources
Brookfield India Real Estate Investment Trust (REIT) has appointed eight investment banks for its planned equity raising of around $400-million, and is targeting the deal’s closure by July, three sources said.
Veritas in running for its own $1B in delinquent debt
Veritas Investments is planning to bid on its own delinquent debt of $1 billion associated with San Francisco apartment buildings. The investor probably will do so with a new deep-pocketed capital partner to forestall the possibility of another default.
Wildfires, other extreme weather driving insurance costs up
The wildfires plaguing residents in Alberta and Nova Scotia are part of a larger trend that’s driving up the cost of home insurance as extreme weather becomes more common, insurance experts say.
Remove Transfer Tax on cheap homes: REBGV
The Real Estate Board of Greater Vancouver (REBGV) is calling on the provincial government to make policy changes to help with affordability including removing the Property Transfer Tax (PTT) on any home costing under $755,000.
Vancouver-area home sales increase 15.7% Y-O-Y
The Real Estate Board of Greater Vancouver (REBGV) says May home sales increased 15.7 per cent year-over-year ago as average prices also rose. The composite benchmark price for Metro Vancouver residential properties was $1,188,000, down 5.6 per cent year-over-year.
Canmore could phase out tourist homes
The Town of Canmore has drafted a new housing action plan, which lists four main initiatives to combat its ongoing housing crisis — including phasing out tourist homes to open up vacancy for permanent and long-term residents.
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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