Armour launches Westway IV office bldg., co-working venture

RENX  Commercial  •  Office, Human Resources  •  Atlantic Canada

Westway IV, the latest office building at The Armour Group Limited’s Westway Park Corporate Campus in suburban Halifax, is ready for occupancy this week and will include the company’s own Modspace co-working space.

Montoni, AIMCo break ground on Écoparc ind. campus

RENX  Commercial  •  Industrial  •  Greater Montreal

Shovels are now in the ground at the 1.6-million-square foot Écoparc industrial campus in Saint-Bruno-de-Montarville in Greater Montreal. Montoni Group and partner Alberta Investment Management Co. are constructing two buildings at the campus.

B.C. biotech real estate awakening from ‘nuclear winter’

Commercial  •  Business In Vancouver

Purpose-built labs in Vancouver’s life sciences sector were in a state of a “nuclear winter” just prior to medicinal and recreational cannabis getting green lights in the previous decade, according to Blair Quinn, executive vice-president of CBRE Canada.

Allied, Colliers CEOs discuss Canadian real estate

Residential, Commercial  •  Bloomberg

VIDEO: Michael Emory, president & CEO, Allied Properties REIT and Brian Rosen, president & CEO, Canada, Colliers International discuss the real estate market in Canada with Bloomberg’s Denise Pellegrini at the Bloomberg Canadian Finance Conference.

Downtown Van. office vacancy falls to 7%: Colliers

Commercial  •  Daily Hive  •  Western Investor

The rental office vacancy rate in downtown Vancouver dropped in the third quarter of 2022 from 7.3% to 7.0%, a reflection of “renewed optimism” in the local office market, according to a new quarterly report by commercial real estate firm Colliers.

Sponsored by Yardi Can technology solutions encourage a return to office?

Yardi serves clients in every real estate market, across Canada, the U.S., and the world. From Saskatoon to San Antonio to Stuttgart, the question on their minds is remarkably similar: What does a return to the office look like . . .

Young people are transforming the office

Commercial  •  Financial Post  •  Financial Post  •  Ottawa Business Journal

A recent Microsoft Corp. survey revealed 58 per cent of gen Z workers are considering quitting their current jobs within the year. The survey also suggested since the pandemic, employees are now more likely to prioritize health and well-being over work.

Calgary’s Sierra Place reopens as affordable homes

Residential, Commercial  •  Canada Newswire

After just 12 months of renovations, Calgary has one fewer vacant office tower and 82 more affordable homes. The 10-storey office tower formerly known as Sierra Place, located at 706 7^th Avenue SW, has been completely renovated into 82 units of affordable housing.

Peachland approves Romspen residential, golf course

Residential, Commercial  •  Western Investor

Peachland council (near Kelowna) voted unanimously to approve a revised phasing strategy for lands owned by the Toronto-headquartered Romspen. The plan includes construction of approximately 445 residential units as well as a nine-hole, Les Furber-designed golf course.

Longevity proposes 50-storey mixed-use in North York

Residential, Commercial  •  Urban Toronto

WND Associates has proposed on behalf of Longevity Properties Ltd, a 50-storey mixed-use building at 6979 through 6691 Yonge St. in North York. The BDP Quadrangle-designed proposal includes 427 residential units – 188 one-bedrooms, 196 two-bedrooms and 43 three-bedrooms – plus 2,573 square feet of retail space.

The Industrial Real Estate Show › Podcast: Denciti industrial developer, entrepreneur Volodya Gusak

Chad Griffiths: Partner, NAI Commercial

Cartier renovating, relocating Canadian stores

Commercial  •  Retail Insider

Richemont-owned luxury French jewellery brand Cartier is upgrading its Canadian operations with store renovations, expansions and a relocation. The move signals confidence in the Canadian market following challenges relating to pandemic lockdowns.

Cineworld ruling halts Cineplex case in Ontario

Commercial  •  Toronto Star

Cineplex Inc. says a U.S. court ruling will mean the Ontario Court of Appeal won’t hear a case between the Toronto theatre giant and its once-suitor Cineworld Group PLC as scheduled.

Life sciences slowdown sets in: JLL

Commercial  •  Bisnow  •  Commercial Property Executive

JLL’s recent life sciences report finds the sector, significantly slowed down from the heady fundraising days of late 2020 and early 2021, is still seeing significant capital and investment, staying afloat amid the swirling uncertainty across VC markets and the larger economy.

Founders, investors sour on proptech sector: Survey

Commercial  •  Commercial Observer  •  Bisnow

Even as many proptech startup founders, venture capitalists and traditional real estate companies agree the industry needs technological innovation more than ever, macroeconomic headwinds have caused them to temper their enthusiasm for the sector, at least in the near future.

U.S. apt. construction set to reach 50-year high

Residential  •  Multi-Housing News  •  CNBC  •  PR Newswire

As demand for apartments continues to soar amid an ever-competitive housing market, U.S. multifamily development is at a historic high this year, according to a recent report by RentCafe.com, which projects 420,000 new rental units will be completed this year.

Inside Elton John’s new Toronto penthouse

Residential  •  Globe and Mail

Sir Elton John is the latest famous face to scoop up a pricey piece of Toronto real estate. The British superstar and his Canadian partner David Furnish have purchased a penthouse in King West’s upcoming King Toronto development.

15 actions gov’ts must take to boost housing: RESCON

Residential  •  Globe Newswire

The Residential Construction Council of Ontario (RESCON) is calling on all governments to tackle the housing supply and affordability crisis by immediately adopting recommendations to speed up dysfunctional planning approvals processes and allowing more infill development.

Some GTA renters paying more than homeowners

Residential  •  Toronto Star

A Star analysis of census data shows that in several neighbourhoods across the GTA, tenants pay more in monthly housing bills, on average, than homeowners. Those areas buck the long-standing trend of renting being the more affordable option.

Vacancy control, rate caps harm B.C. renters

Residential  •  Western Investor

OPINION: It has been suggested vacancy control tying rent controls to a unit rather than the tenant would be the most cost-effective way to provide renters with immediate and genuine housing security. But that is not true.