LocationsRecent Articles
Canada faces 'very light recession': Economist tells CRE forum
Canada faces 'very light recession': Economist to CRE forum
Canada is heading for a soft recession, but its effects should be slight thanks to the country’s “explosive” immigration-fuelled growth, Desjardins' chief economist said at this week’s Montreal Real Estate Forum.
Birch Cliff dev. contrasts with Toronto's push for density
Diamond Kilmer Developments' new Birchley Park development, which will include 868 market-rate condominiums in mid-rise buildings on formerly city-owned land in Toronto, offers a stark contrast to the local government’s evolving approach to affordability, amid a push for density.
GTA condo market comprises many sub-markets: Tridel
“The one thing about (the GTA) condo market . . . it's not one marketplace. It's made up of many sub-markets that have different needs,” says Tridel CEO Jim Ritchie. However, he still would not describe most condo offerings as “affordable.”
Large project proposals down 21% Y-O-Y in Toronto
Developers submitted applications for 41 new large projects to the City of Toronto in Q1, a 21% decline from the 53 proposals year-over-year. This is a continuation of the trend which began last year, driven by increasingly tighter credit markets.
Retail leasing shows positive momentum in Q1: Morguard
According to Morguard’s 2023 Canadian Economic Outlook and Market Fundamentals First Quarter Update, the retail leasing market continued its positive momentum despite notable closures as several segments, particularly in discount, restaurant and food, continued to absorb space across the country.
 | HOPA Ports HOPA Ports re-creating Great Lakes sites for modern industryHOPA Ports and partners are reinventing legacy industrial spaces for modern users. Two new projects in Hamilton and Niagara provide the multimodal infrastructure that new industries require. Sponsored by: HOPA Ports |
Six retailers added to Royalmount's lineup
Royalmount, a new retail and lifestyle destination coming to Montreal next year, announced Saint Laurent, Versace, Jimmy Choo, Michael Kors, David Yurman and TAG Heuer as the latest luxury brands set to open, with first launches in summer 2024.
Outdoor retailer La Cordée opens Mtl. flagship store
As part of the celebrations marking its 70th anniversary, La Cordée officially opened its 25,000-square-foot store at Promenades Cathédrale in the heart of downtown Montréal. La Cordée is owned by Mach Capital, an investment company of the Mach Group.
The Amazing Brentwood adding retailers
Burnaby's Amazing Brentwood, a co-venture by Shape Properties, Healthcare of Ontario Pension Plan and L Catterton Real Estate, is welcoming retailers including Alberta-based Evolve Strength Fitness and Amsterdam-based Suitsupply, plus restaurants Tap & Barrel, Bow & Stern and Hello Nori.
TAS debuts impact sustainability measurement system
Toronto-based developer TAS has released its second annual impact report, which features the debut of its impact measurement system – showcasing around 930 indicators its using to track its progress along sustainable and social metrics.
 | The Industrial Real Estate Show Exploring the South Asian industrial sectorChad GriffithsPartner, NAI Commercial |
Camping goes upscale as land, operating costs soar
Private campground operators are upgrading sites and investing in amenities as high land costs and rising expenses put an emphasis on cash flow. Glamping – a neologism for glamorous camping – exploded in popularity during the pandemic.
Was Brookfield's $1.6B price right for Hibernia REIT
One year on from Brookfield's blockbuster $1.6 billion takeover of listed property company Hibernia REIT — one of the biggest deals in Irish real estate history — Dublin, real estate and the world are very different places.
Canada freezes Asian Infrastructure Investment Bank ties
Canada is freezing ties with the China-led Asian Infrastructure Investment Bank (AIIB) while it probes allegations it is dominated by the Chinese Communist Party, finance minister Chrystia Freeland said on Wednesday.
Google’s $1B data centre development takes big steps
Four years after the Mesa City Council approved a development and tax-incentive agreement with Google to build a $1 billion data centre project on about 187 acres in southeast Mesa, Ariz., the project — codenamed Red Hawk — is taking flight.
91.8% of U.S. homeowners have mortgages below 6%
91.8% of U.S. homeowners with mortgages have an interest rate below six per cent, according to a new report from real estate brokerage Redfin. That’s down just slightly from the record high of 92.9% hit in mid-2022.
Home sales post first Y-0-Y increase since June 2021
Canada’s real estate market continued to heat up in May with home sales posting their first year-over-year increase since June 2021 and the average price seeing its first year-over-year gain in a year, according to the Canadian Real Estate Association.
Canadian housing starts fell 23% in May
Canadian housing starts fell 23 per cent in May, compared with the previous month, as groundbreaking decreased on multiple unit and single-family detached urban homes, data from the Canadian Mortgage and Housing Corporation shows.
Housing stock outpaces population growth in Vancouver, T.O.
The stock of housing in Canada’s two biggest cities grew more quickly than the population between 2019 and 2021, according to new data from Statistics Canada that adds a wrinkle to the national debate over housing affordability.
Frenzy to buy vacation properties eases
While many Canadians still aspire to own a lakeside haven or oceanfront retreat, the frenzy to buy has subsided to a languid search thanks to higher interest rates, economic uncertainty and government tinkering with rules and taxes.
Industry Events
-
Canada Real Estate Auction
Oct 22 2024
-
Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
-
MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
Follow us on Social Media
Follow RENX on your favorite social media platform for news delivered to your feed.
Locations
