Calgary about to see 'tidal wave' of industrial deliveries

A ‘tidal wave’ of new buildings is expected to come onto the Calgary industrial real estate market in 2023 to meet the burgeoning demand for space in the city and its outskirts.

Choo plans $2B in student housing dev., seniors living growth

Choo Communities plans to invest $2 billion to build 10,000 beds student housing beds across Canada over the next several years under its Envie banner.

Canmore given right to appeal massive developments

The Town of Canmore has been granted the right to appeal a tribunal’s green-lighting of Three Sisters Mountain Village Properties' huge residential developments in the Rockies. Stewart Creek and Three Sisters Village would provide space for 12,000 more residents.

Nanaimo council supports mixed-use tower development

A redevelopment on the north edge of downtown Nanaimo has won unanimous support from city council. The numbered company's  project would include 10,000 square feet of commercial space, a six-storey hotel and conference centre, towers and approximately 760 residential units.

Nature’s Emporium continues expansion across Ontario

Nature’s Emporium is planting its health-food flag in Oakville, Ont.  The family-run grocer, which has locations across Ontario in Newmarket, Maple, Burlington and Woodbridge, is opening a new 24,000-square-foot store in Oakville’s Dorval Crossing shopping centre next year. 

Chick-fil-A expanding to 20 new locations in Canada

Hapeville, Ga.-headquartered chicken chain Chick-fil-A plans to expand to 20 Canadian locations by 2025. Founded in 1967, the concept has plans to grow from “six to 20 stores by 2025.”

IKEA opening planning centre in Greater Montreal

IKEA is opening a ​​​​7,319-square-foot  planning and ordering centre in Brossard in the spring of 2023. The concept allows customers to meet IKEA advisers by appointment to carry out a large-scale project such as a bathroom or a kitchen.

Rising interest rates lead hoteliers' concerns

Rising interest rates were a key topic at the Western Canada Lodging Conference in Vancouver this week, but concern is muted by this summer’s strong demand and above-average revenue performance.

G2S2 requisitions special meeting of Slate Office unitholders

G2S2 Capital Inc. and its wholly owned subsidiary, Armco Alberta Inc., have requisitioned a special meeting of Slate Office REIT (SOT-UN-T) unitholders to add what it calls four highly experienced and independent nominees to the board.

REIT third-quarter financial results

Allied Properties REIT, (AP-UN-T), Globe Newswire

Morguard North American Residential REIT, (MRG-UN-T), Canada Newswire

Morguard REIT, (MRT-UN-T), Canada Newswire

Manulife sees rising competition for Singapore’s REITs

The managers of Singapore’s REITs are bracing for headwinds amid volatile global markets, according to top executives from Manulife US REIT, Lendlease Global Commercial REIT, and JLL in a panel at the Mingtiandi Singapore Forum.

What’s next for industrial development: Savills

Over the past few years, the industrial sector experienced record growth. Ever-increasing investments are pouring in, but the road ahead is not without challenges and concerns, says Gregg Healy, executive vice-president & head of Savills Industrial Services Group in North America.

Nicola acquires Dallas-area mid-bay industrial asset

Nicola Wealth Real Estate (NWRE) has acquired 1473 Terre Colony Court, located six miles west of downtown Dallas. The transaction, acquired through a partnership with CanTex Capital, totals 78,350 square feet on a 3.43-acre site.

U.S. mortgage rates surpass seven per cent

Freddie Mac (FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing the 30-year fixed-rate mortgage (FRM) averaged 7.08 per cent, surpassing seven per cent for the first time since April 2002.

Tory announces new T.O. development and growth division

Just days after being re-elected mayor for a third term, John Tory officially announced the creation of a new City of Toronto development and growth division — something he promised during campaign time as part of his five-point affordable housing plan. 

Toronto rent prices surge by double digits in third quarter

Rental prices in the Greater Toronto Area rose by double-digit levels on a year-over-year basis in Q3, as limited supply and steady demand contributed to tight market conditions, according to the Toronto Regional Real Estate Board.

Metro Vancouver pre-sale condo market slows

Sales of Metro Vancouver condos and townhomes that won’t be delivered for several years have slowed to levels not seen since 2012. Observers say rising interest rates and economic uncertainty are causing buyers to retreat and developers to delay projects.

Real estate dip expected to continue into 2023: Economists

Rising interest rates are one factor affecting Canada’s housing market and contributing to the decline in home sales. Economists on a Finder expert panel agreed the downturn will continue into early 2023 during the winter season.