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Rents keep rising, demand stays strong in GTA industrial sector
Rents keep rising, demand stays strong in GTA ind. sector
Industrial remains the Greater Toronto Area's (GTA) most desirable asset class, given its low availability, strong rent growth and continued appetite for newly developed product, a group of experts said at a Land & Development Conference panel discussion.
Vancouver land prices tops in Canada: Colliers
Metro Vancouver has the highest land prices in all of Canada across the residential, commercial and industrial asset classes, according to a new report from Colliers. For industrial land, the price per acre in Vancouver is almost $5 million.
Ground broken on Gehry-designed Forma tower
After over a decade of dreaming and planning, the groundbreaking for the east tower of the Frank Gehry-designed Forma was celebrated Wednesday in Toronto. Dream Unlimited, Great Gulf and Westdale Properties are the co-developers of the 84-storey mixed-use tower.
Starlight acquires 1,529 apartments in GTA, Ontario, Montréal
Starlight Investments has announced the acquisition of two major apartment portfolios over the past several days, totalling 1,529 housing units in the Greater Toronto, Southern Ontario and Montreal areas.
Two ATCO towers receive facelift in Calgary
At the corner of 8th Street and 11th Avenue S.W. in Calgary, Cana Construction crews are busy renovating the two ATCO Towers. Christie Simpson, vice-president of ATCO land and development, said converting to residential did not tick the right boxes.
IWG opens new Red Deer shared workspace
Flexible workspace and office provider IWG continues its expansion in Western Canada with the announcement of a new two-storey shared workspace in a Red Deer heritage building formerly home to the Canada Revenue Agency.
 | 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 |
PSP earns 0.2% return on real estate
PSP Investments earned a 4.4 per cent return for its most recent financial year as it faced a challenging market environment. Its real estate holdings returned 0.2 per cent and infrastructure investments gained 19.0 per cent.
CAGBC unveils annual list of award winners
The Canada Green Building Council unveiled the winners of its annual CAGBC Awards at the Building Lasting Change conference on June 1 in Vancouver.
 | The Industrial Real Estate Show Step up your commercial real estate prospecting skillsChad GriffithsPartner, NAI Commercial |
Indigo founder retires, 40% of board steps down
Indigo Books and Music (IDG-T) founder Heather Reisman announced she is retiring, as four of the book retailer’s 10 board members also step down. Reisman founded the Toronto-based book shop 25 years ago with the first location in Burlington.
COBS Bread plans hundreds of new stores
COBS Bread bakery is celebrating its 20th anniversary and has plans to expand up to 350 stores within the next five years. COBS Bread started in Australia and expanded into Canada in 2003 with its first location in North Vancouver.
60% of office real estate in ‘purgatory’: PGIM CEO
PGIM chief executive officer David Hunt said the market for office real estate is heading for a shakeout, with about 60% of buildings in “purgatory” because they aren’t up to standards to draw tenants.
U.S. REIT sector outlook lowered to deteriorating
Fitch Ratings reduced its 2023 U.S. REIT sector outlook to Deteriorating from Neutral, reflecting further tightening of CRE lending conditions stemming from the U.S. banking sector stress, as well as ongoing pressure on valuations and fundamentals from higher interest rates.
NorthWest finalizes U.K. JV, sells hospital, suspends drip
NorthWest Healthcare Properties REIT (NWH-UN-T) announced its $276 million U.K. health-care real estate joint venture acquisition will close in June; the $76 million sale of Bakersfield Hospital in Bakersfield, Calif., closed; and suspension of its distribution reinvestment plan.
T&T to open U.S. flagship store in Bellevue, Wash.
Richmond, B.C.-headquartered T&T Supermarkets, Canada's largest chain of Asian grocery stores, is expanding into the U.S. with a 76,000-square-foot store in Bellevue, Wash., to open next summer. Loblaw Companies Ltd. (L-T) acquired T&T in 2009.
Rental market will suffer most after interest rate hike
The Bank of Canada’s latest rate hike puts additional pressure on rentals “(keeping) homebuyers on the sidelines as they wait for rates to come down – meaning more people will now compete for a rental unit,” said Realosophy Realty's John Pasalis.
Pinetree loses licence after bumping up price of house
Ontario's Home Construction Regulatory Authority (HCRA) has revoked Mississauga-based Pinetree Developments' licence to build or sell homes in the province after it says the company tried to charge a buyer over $500,000 more than was contractually agreed upon.
Peel breakup puts Ont. housing goals at risk: Mayor
Negotiations to dissolve Peel region have yet to start, but Brampton fired the first shot Tuesday in its fight over the provincially imposed divorce by taking direct aim at the Ford government’s own ambitious housing goals.
Calgary rejects proposal for more affordable housing
An expert task force put forward its recommendations to Calgary city council Tuesday on how to deal with the housing affordability crisis, but the advice was rejected after some councillors worried their constituents might have concerns with the proposed solutions.
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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