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QuadReal, Hungerford kick off Abbotsford's XChange Business Park
QuadReal, Hungerford begin Abbotsford's XChange Business Park
Construction has begun on a major 140-acre industrial park in Abbotsford, one of the rare large-scale industrial projects to be built in the region.
Shift underway in how investors see U.S. CRE: GPM
Five prominent real estate executives discussed opportunities and challenges of investing in the United States as part of the Global Property Market conference in Toronto.
Lenders look to grow real estate loan portfolios
Virtually all lenders say they want to grow their real estate loan portfolios in 2023, with the multiresidential and industrial sectors the focus as borrowers eye rising interest rates and development plans stall, according to a CBRE survey.
Adi settles with regulator over condo project
Adi Developments has agreed to pay a $60,000 penalty and $2.6 million to purchasers of its Nautique condos in downtown Burlington as part of a settlement with the Home Construction Regulatory Authority, which accused it of “unethical” practices.
B.C. CRE agent numbers down at top brokerages
The number of agents working at British Columbia’s largest real estate firms has declined, according to data collected on Business in Vancouver’s list of the biggest commercial real estate brokerages in B.C.
Ontario’s real estate industry regulator ineffective: AG
Ontario’s Auditor General Bonnie Lysyk found the Real Estate Council of Ontario (RECO) does not adequately ensure the industry complies with the regulations and has failed to do enough to protect consumers.
 | Yardi How to meet and catalyze ESG expectations in Canadian real estateWith buildings, including homes, accounting for 12% of Canada’s GHG emissions, many property owners are utilising ESG strategies to not only align with financial returns but with societal values as well. Sponsored by: Yardi |
Coalition forged to promote accessibility
Choice Properties REIT, BentallGreenOak, Cadillac Fairview and The Daniels Corporation and organizations that provide services and advocacy for people with disabilities have joined forces to promote accessibility in the built environment.
Top 10 office building construction projects
The accompanying table show the top 10 major upcoming Private and Government Office Building construction projects in Canada. They are all in the planning stage and are mainly new projects, but may also involve additions and/or alterations.
Canada’s construction industry experiences labour pains
A shortage of tradespeople in Canada’s construction industry continues to worsen in major urban centres from coast to coast. Developers are looking at cancelling projects, costly delays and new tactics to secure a reliable supply of skilled workers.
Skale proposes 25-storey mixed-use near Leaside station
Skale is proposing a 25-storey, mixed-use building just west of the soon-to-open Leaside station on Eglinton Line 5. The Turner Fleischer Architects-designed building would include 300 residential units - 59% one-bedrooms, 31% two bedrooms and 10% three-bedrooms - and at-grade retail.
First Capital leads climate forum, verifies climate targets
First Capital REIT (FCR-UN-T), one of Canada’s largest real estate companies, verified its greenhouse gas emissions reduction goal by the Science Based Targets initiative (SBTi), and led an inaugural climate forum for tenant and property owner engagement.
Brookfield buying Nordic portfolio for $1.35B
Swedish property company Samhallsbyggnadsbolaget (SBB) is to sell a 49% stake in its Nordic education portfolio to Brookfield Asset Management Inc. for up to $1.35 billion Cdn. The EduCo portfolio consists of 585 income-producing assets spread across the Nordics,
Meta reduces NYC Hudson Yards space
Facebook parent Meta Platforms Inc. is giving up some offices at Manhattan’s Hudson Yards as the company seeks to slash expenses and cull its workforce. Meta will return its space at 30 and 55 Hudson Yards to landlord Related Cos.
New demand for U.S. office space rises again
According to the latest VTS Office Demand Index (VODI) analysis, new demand for U.S. office space rose for the second consecutive month, up 8.3 per cent from a VODI of 48 in September to 52 in October.
Blackstone to limit withdrawals from giant fund
Blackstone Inc.’s (BX-N) $69 billion real estate fund for wealthy individuals said it will limit redemption requests after breaching limits this quarter, sending the private equity firm’s stock down the most in more than five months.
Ski country property prices rising despite sales decline
Prices for vacation homes in Canada’s most popular ski regions are still rising despite a significant slowdown in sales volumes, according to Royal LePage’s 2022 Winter Recreational Property Report that found a surge of interest from Americans.
HSBC Canada sale could raise mortgage rates
HSBC Canada, acquired by Royal Bank of Canada for $13.5 billion, has become a feisty competitor to Canada’s largest banks since entering the residential mortgage market in a big way in 2016, undercutting rates and taking market share.
Feds reconsidering mortgage stress test
OPINION: Federal regulators are in the midst of reconsidering the mortgage-rate stress test with an announcement to come on Dec. 15. And they should reconsider hard, because the risks of the past are not the risks of the future.
Borrowers returning to fixed-rate mortgages
Mortgage growth slowed and consumers increasingly turned back to fixed-rate mortgages as interest rates rose in the second quarter of 2022, according to an analysis of trends in the Canadian mortgage market by the Canada Mortgage and Housing Corporation.
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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