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BAZIS buys midtown Toronto property, plans 41-storey tower
BAZIS buys midtown Toronto property, plans 41-storey tower
BAZIS has closed on the acquisition of a Yonge St., site in midtown Toronto where it has already submitted an application to construct a 41-storey mixed-use development.
Landa acquires Toronto redev. site from KingSett for $81M
Landa Global Properties has closed on its first Toronto property, the $81-million acquisition of 2075 Kennedy Rd. from KingSett Capital, which is slated for a major redevelopment.
Feds' co-working spaces proving popular
Federal public servants are flocking to government-operated co-working spaces after some departments began calling employees back to the office. The federal government operates five co-working sites across the National Capital Region and four across the rest of the country.
Construction costs set to ease, say industrial builders
There’s hope in sight after a year of supply chain disruptions and outsized construction cost increases, according to a panel commercial real estate association NAIOP hosted in Vancouver on Oct. 27 focused on the industrial market.
Ottawa planning committee approves 4 towers
Ottawa's planning committee has approved a zoning amendment allowing four towers to be built ranging in height from 24 to 32 storeys. The plan includes 950 apartments, shops and office space near the Trim Road LRT station.
KingSett proposes 47-storey residential tower
KingSett Capital has proposed a 508-foot, 47-storey tower with a six-storey podium and 619 dwelling units at 214 through 230 Sherbourne St. The Hariri Pontarini Architects-designed tower would include 66 parking spaces and 620 bicycle parking spaces.
Stanford proposes 36-storey residential development
Stanford Homes is seeking approvals for a 36-storey residential development at 632-652 Northcliffe Blvd., in central-west Toronto. The tower, designed by Toronto-based superkül architects, would deliver 437 new units.
Recession fears a new headwind for CRE rebound: Emory
Concern over the state of the economy is making prospective commercial real estate clients take their time before inking leases, according to Michael Emory, CEO of Allied Properties REIT (AP-UN-T), one of the country’s largest office REITs.
Ren’s Pets Announces 8 Store Openings for 2023
Ren’s Pets is expanding by eight new stores in 2023 and are planning to continue to expand and fill in gaps throughout Canada, one of these stores is going to be opening in Newfoundland and Labrador – its first.
Saskatchewan selling all 34 liquor stores
The Saskatchewan government is exiting retail sales of alcohol and selling off Saskatchewan Liquor and Gaming Authority permits after it closes all of its 34 locations by March 31 2023. Physical assets, including 19 buildings, will be sold in separately.
A&W CEO won’t let a recession slow down chain’s expansion
The COVID-19 pandemic hit A&W harder than most quick-service restaurant chains. Now CEO Susan Senecal — a 30-year A&W veteran —has some ground to make up, just as ill winds threaten to snuff the economy’s flame.
Aritzia sets sights on U.S. growth
Fashion retailer Aritzia Inc. (ATZ-T) is aiming to significantly grow its brick-and-mortar footprint in the United States and expand its e-commerce offerings as part of a five-year plan to extend its pandemic-era success.
CPI Capital building single-family homes to rent
In Tucson, Vancouver-based real estate investment firm CPI Capital and its team of 14 is currently overseeing the development of 71 detached single-family homes that are being built to rent. CPI wants to bring that same model to Canadian cities.
CRE hits inflection point as debt cost outpaces rent
About $5.5 billion, or 28%, of new commercial mortgage-backed securities had negative leverage — where the cost of debt exceeded projected returns on investments — in the third quarter, according to a report by Moody’s Analytics.
U.S. colleges dabble in real estate to help staff afford housing
The lack of affordable housing is threatening school administrators’ ability to attract and hire employees. So now the University of Vermont and a number of schools across the U.S. have employed a new strategy: building homes targeting faculty and staff.
The long, long road to building rental housing
ANALYSIS: Since 2018, Vancouver's Moscone brothers say they have spent more than $200,000 in consultancy reports, design and other fees and they still don’t know if they will get permission to rezone a commercial site for low-rise rental.
Brace yourself for economic hit of burst housing bubble
OPINION: Canada’s housing bubble has burst. We estimate the negative wealth effect associated with MLS house price index's prediction of a 30 per cent or so decline will pull down gross domestic (GDP) growth by about 2.5 percentage points.
Ontario needs more housing, not more sprawl
OPINION: Ontario needs more housing. The province’s three largest political parties, the federal government and the Canada Mortgage and Housing Corp. are all on board. But Queen's Park is pushing forward sprawl policies that are environmentally, fiscally and socially destructive.
High-end Okanagan shrugs off real estate blues
Sales of prime waterfront, residential land and luxury properties in B.C.’s Okanagan continue, despite the angst that has stunted much of British Columbia’s real estate market in the second half of 2022, according to Coldwell Banker's Jane Hoffman.
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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