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Condos, apartments, retail, office on way at Quartier des lumières
Condos, apts., retail, office on way at Quartier des lumières
Groupe Devimco has begun construction of Phase 2 of its Auguste & Louis condo project at Montreal's huge Quartier des lumières development. Soon to follow is more office space, apartments and retail from fellow Quartier developer Groupe Mach.
Bank earnings at risk from office exposure: Analyst
Canada’s banks may not be as exposed to CRE as their U.S. counterparts, but that doesn’t mean their earnings aren’t at risk, particularly from the office segment pummelled by remote work, according to National Bank Financial analyst Gabriel Dechaine.
Wawanesa Ins. preps for its new 21-storey Wpg. HQ
In January, Wawanesa Insurance will open its North American headquarters, a 21-storey, 370,000-square-foot tower in Winnipeg's True North Square. But employees won’t need to return to the facility, estimated in 2019 to cost $136 million.
IWG's Wayne Berger fan of the 15-minute city
IWG Americas head CEO Berger is a big believer in the 15-minute city, an urban planning concept that would place all of a city dweller’s daily essentials — from work to parks — within a 15-minute walk or bike ride.
Wpg. assisted living facility to be converted to apts.
Developer Daniel Serhal has purchased Assiniboine Links, a west Winnipeg assisted living facility, and plans to convert it to rental apartments. Serhal's proposal to build a 199-unit apartment complex next to it was turned down last year.
Republic proposes 24-storey mixed-use in Parkdale
Republic Developments has proposed a 24-storey infill mixed-use development at 1266 Queen St. W. in Toronto’s Parkdale neighbourhood. The BDP Quadrangle-designed building would include 381 residential units along with retail and community spaces.
Loblaw unveils 2025 plan to buy renewable electricity
Loblaw Companies Limited (L-T) has announced it will power its Alberta operations – comprising over 280 locations – with renewable electricity from TC Energy starting in 2025. It says it will cut its nationwide operating emissions 17 per cent.
East Coast Lifestyle opening new HQ; plans expansion
Nova Scotia-based clothing brand East Coast Lifestyle, celebrating its 10th anniversary this year, is preparing to open its new headquarters in Bayer’s Lake, Halifax and expand further in Canada and internationally.
JLL Canada opens office in Kitchener
Real estate firm JLL Canada has opened a new office in Kitchener. The 5,000-square-foot office in the GloveBox development, the company’s first in Southwestern Ontario, presently has 11 employees with room to grow to more than 25.
Restaurant Brands posts profit, sales gain
Tim Hortons and Burger King parent company Restaurant Brands International Inc. (QSR-T) reported increasing sales and profits in Q1 2023 as traffic to its restaurants increased and the company raised prices to offset higher costs of commodities, labour and energy.
The top Canadian REITs to buy in May
Dream Industrial REIT's (DIR.UN-T) stock is up 25% in 2023. BSR REIT (HOM.U-T) owns and operates 31 U.S. garden-style multifamily communities. First Capital REIT (FCR.UN-T) has 22.3 million square feet of some of Canada's best-located grocery-anchored retail properties.
5 of the 6 largest U.S. CRE brokerages post Q1 losses
Colliers, Cushman & Wakefield, JLL, Newmark and Marcus & Millichap all posted net losses in the first quarter. Colliers reported a net loss attributable to the company of $20.2 million and C&W posted a net loss of $76.4 million.
Cordish, Caesars unveil details of $2B S. Florida mixed-use
The Cordish Cos., in partnership with Caesars Entertainment, has unveiled details of The Pomp, a $2 billion mixed-use development currently under construction in Pompano Beach, Fla. The Cordish Cos. first announced the 223-acre project back in 2018.
I-RES REIT survives shareholder revolt
I-RES REIT CEO Margaret Sweeney and CFO Brian Fagan survived an investor shareholder revolt by Vision Capital at the company’s AGM, but the threat of an EGM still looms. Toronto-based CAPREIT is IRES' founder investor.
Moody's downgrades Wanda Commercial
Moody's credit rating agency downgraded China's Dalian Wanda Commercial Management (DWCM) on Friday citing on increased liquidity and governance risks, and said the firm is on review for a possible further downgrade.
Housing market has finally turned the corner: RBC
There had been signs Canada’s housing market would hit its bottom this spring, but “April pretty much sealed the deal ,” said RBC's Robert Hogue. “Early results from real estate boards gave strong indications local markets turned a corner last month.”
Penticton experiencing a mini housing boom
ANALYSIS: With people downsizing from busy careers in expensive Lower Mainland markets, cashing out and getting more bang for their buck, the low-lying Okanagan city of Penticton, B.C., is seeing a mini boom it hasn’t experienced in decades.
More rent control isn’t going to fix T.O.'s housing problem
OPINION: Numerous studies and decades of experience have shown that putting controls on annual rent increases usually backfires. Landlords spend less on maintenance, so their properties deteriorate. Developers build fewer rental units because the profits aren’t there.
Parking requirements at new apts, housing across Canada
An increasing proportion of new apartment buildings are being constructed with fewer parking spaces than the total number of families they house. Space for 30 cars can take the space of about six 35×50 residential building lots.
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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