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Recession no sure thing, Bank of Canada exec tells Ottawa RE forum
Recession no sure thing: BoC exec tells Ottawa forum
Fears of an imminent recession in Canada might be a bit overblown – at least according to one senior Bank of Canada economist who spoke at Thursday’s Ottawa Real Estate Forum.
Wpg. needs more shovel-ready industrial land: Experts
Commercial real estate experts including Bob Antymniuk, senior sales and leasing director for Capital Commercial Real Estate in Winnipeg. say roughly 90 per cent of all industrial land sales in the Winnipeg region take place outside the city's borders.
QuadReal, Reliance propose two rental towers
Reliance Properties Ltd. and QuadReal Property Group will propose two rental towers of up to 29 storeys for the site of the former Mountain Equipment Co-op flagship store at 130 West Broadway in Vancouver under a rezoning application.
Qualico develops Edm. warehouse for Leon's/The Brick
Qualico Properties will develop a 500,000-square-foot distribution centre in Edmonton for Leon’s Furniture Limited, replacing the nationwide furniture retailer’s existing facility in the Alberta capital.
Lee Valley investing in robots, facility upgrades
To accommodate its growth, Ottawa-headquartered Lee Valley is investing $5 million in technology that will use robots to pluck items from specially designed bins at its 150,000-square-foot warehouse and manufacturing plant and deliver them to employees for shipping.
Feds earmark $136M for supply-chain digitization
Ottawa is spending big bucks to alleviate many bottlenecks experienced during the height of the COVID-19 crisis with Transport Minister Omar Alghabra visiting Vancouver Friday to pledge $136 million in spending to pursue the “digitization” of supply chains.
Vancouver retail to remain strong until year's end: JLL
Retail leasing in Vancouver continues to be robust with vacancies continuing to trend downwards and the expectations for the second half of 2022 continue to stay strong, as the retail market has been resilient throughout the summer months, says JLL.
Regal Plaza energy usage to beat OBC requirements
SAMM Developments is in the midst of construction on the Regal Plaza Corporate Centre in Toronto — a new mixed-use business complex that will reduce total energy consumption by 15 per cent compared to current Ontario Building Code (OBC) requirements.
New plans aim to guide future of Calgary's Chinatown
Calgary's infrastructure and planning committee unanimously supported the Chinatown cultural plan and a new area redevelopment plan for the historic downtown community. Chinatown Business Improvement Area chair Grace Su said the plans address public concerns about future Chinatown buildings.
Calgary economy to expand in 2022: Conference Board
Even with several barriers ahead, Calgary’s economy is expected to expand by 3.8 per cent next year — trailing only Saskatoon among Canada’s largest cities — after growing a torrid 6.3 per cent this year, according to the Conference Board of Canada.
Edmonton wants more affordable homes in Blatchford
Edmonton is looking for ways to make living in Blatchford more affordable, which could speed up the pace of development and allow different people to live in the neighbourhood. The average home price in the Blatchford development is $650,000.
Famed Winnipeg architect Étienne Gaboury dead at 92
Étienne Gaboury, the renowned Franco-Manitoban architect behind some of Winnipeg's most iconic structures including the Royal Canadian Mint, Esplanade Riel, St. Boniface Cathedral and the spiral-roofed Precious Blood Roman Catholic Church in St. Boniface, has died at 92.
Abu Dhabi Royal firm to invest $10B In U.S., Europe
Royal Group, an investment firm controlled by a top Abu Dhabi royal, plans to plow as much as $10 billion into US and European stocks and other assets hammered by rising fears of a global recession.
U.S. hotel development to be uphill slog
Travel and hospitality have recovered in a big way from the long sparse summer of 2020, but hotel development nationwide is caught in a vise, squeezed between high interest rates and the high cost of everything else, especially construction labour.
Proptech seen as cost-cutting tool In CRE
A rolling series of challenges, from the pandemic to labour shortages to an unfolding economic downturn, have increased focus on performance, efficiency and cost-cutting within commercial real estate, leading to a push for proptech focused on streamlining work.
Manulife acquires 1,400 acres of Calif. agricultural land
Manulife Investment Management Friday announced two agricultural acquisitions in Fresno County, Calif., on behalf of investors. The properties include a 500-acre almond, pistachio, and citrus orchard and an approximately 900-acre pistachio orchard.
Rents in September reached historic highs: Bullpen
Canadian September rents reached historic highs, with the average monthly asking price exceeding $2,000, a 21.9 per cent increase from April 2021, when rents plummeted to their lowest rates due to COVID-19, according to Bullpen Research & Consulting.
Pre-construction condo flippers may be out of luck
Nervous investors looking to offload their pre-construction condos in the secondary market may find themselves out of luck, industry watchers say, as a softening real estate market and rising interest rates send buyers to the sidelines.
Investors dominate Calgary condo market
In 2021 Statistics Canada found that more than 60 per cent of condo units in Calgary’s central neighbourhoods were rented out by investors – the largest share in Canada. One reason are the lower barriers investors face in entering this market.
Quebec prices down nearly 10% quarter-over-quarter
Rising interest rates are having an impact on the real estate market across Quebec, which is showing signs of slowing down in the third quarter, according to data from the Association professionnelle des courtiers immobiliers du Québec (APCIQ).
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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