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Reckoning coming for many of Canada's B and C office bldgs.
Reckoning coming for many of Canada's B and C office bldgs.
A lack of demand for suburban class-B and -C office space in cities like Toronto will accelerate the number of conversions to apartments, industrial spaces or life science labs in 2023, says JLL Canada CEO Alan MacKenzie.
Search for B.C. industrial land extends to Chilliwack
In Chilliwack, industrial lease rates are in the $15 to $16 per-square-foot range, but industrial strata space has sold for as low as $243 per square foot, well below the average of $429 in Greater Vancouver.
Maclab adding housing to Edmonton shopping centre
Edmonton-based Maclab Development Group bought Mill Woods Town Centre and aims to infill the site with rental housing “that will bring more activity and density to the area,” the company announced.
 | Real Estate by the Numbers Developing great real estate is how to overcome 'Reality Privilege'Volodya GusakPresident, Denciti Development |
Staples Canada discusses the future of work
VIDEO: Michelle Micuda, president, Staples Professional, discusses a recent Future of Work Trend Report. Micuda talks about flexibility in the workplace, productivity of people going back to work, home office setups and incentives to lure people back to the office.
 | Altus Group Cost Escalation in Three Parts: Past, Present, FutureMarlon Bray, Senior Director, Cost & Project Management at Altus Group shares his opinion/prognostication on the past, present, and future of construction cost escalation. Sponsored by: Altus Group |
Hullmark proposes 15-storey mixed-use in Little Portugal
Hullmark is proposing a 15-storey mixed-use building at 450 Dufferin St. in Toronto's Little Portugal. The design by superkül would stand 189 feet tall and include 143 residential units and 10,010 square feet of commercial space.
FortisBC, builders create housing case studies
FortisBC Energy Inc. has teamed with Tyee Homes and other provincial builders to develop six net-zero-ready homes case studies for different climates across B.C.
The rise of pop-up and short-term retail
A space in Toronto’s Union Station devoted to pop-up retail sees a host of start-ups, entrepreneurs and artisans offering a bounty of merchandise, from fashion to food, explains Jessica Lemire, manager of marketing activities and event sponsorship for developer Osmington.
Arc’teryx plans for 15 North American stores in 2023
Retailer Arc’teryx, specializing in outerwear and outdoor equipment, has major expansion plans in the works for the coming year. Delaney Schweitzer, chief commercial officer, said 15 new store openings are planned across North America, including Denver, Edmonton, Chicago and Ottawa.
Harden celebrates opening of Super C in Quebec
Real estate company Harden Monday marked the on-schedule completion of the first phase of Quartier Beauharnois, a 35,000-square-foot premises occupied by Super C, which opened its doors earlier this month in Beauharnois, Que.
Real estate podcasts
Nitin Jain, Sienna Living: Housing our seniors, CRE Podcast
Salima Rawji, CreateTO: The municipal approach to real estate, CRE Podcast
Ivanhoe Electric ditches Vancouver for new Arizona HQ
Robert Friedland’s Ivanhoe Electric Inc. is moving its headquarters out of Canada. The minerals explorer has opted to trade its Vancouver head office location for a southern U.S. base in Arizona, according to its new Phoenix-based CEO Taylor Melvin.
Trez Capital announces new leadership in Florida
Trez Capital is restructuring its Florida office; ending its partnership and closing its Palm Beach office. Trez is opening a new Florida office in metro Miami with new regional leadership.
Amazon ubiquitous, but it isn't invincible anymore
Amazon.com Inc.’s founder has long been obsessed with the company’s beginning — and its end. In 2013, Jeff Bezos told 60 Minutes that companies have short life spans, “even the shiniest and most important of any era.”
Institutions targeting U.S. CRE heading into 2023
It sounds counterintuitive to the slowdown in new investment activity seen in recent months, but a new industry survey shows institutions are continuing to raise their target allocations to U.S. commercial real estate.
Vaughan shooting gives industry pause in condo disputes
A long history of grievances harboured by a building resident against members of a Vaughan condo’s board of directors appears to have spurred Sunday’s mass shooting. Ontario lawyers say the attack will leave other condo boards and residents reeling.
Brampton homebuyers struggling to close
Ontario residents who purchased pre-construction homes in Brampton at the peak of the recent real estate frenzy say they're struggling to close on their deals because of rising interest rates, falling home prices and stricter federal mortgage rules.
Adding gentle density to Toronto’s housing supply
Architects and contractors who have cobbled together a portfolio of laneway suite projects in the past few years are discovering that building garden suites – the City of Toronto’s latest attempt to add as-of-right gentle density to low-rise neighbourhoods – is proving to be anything but a garden-variety home improvement venture.
Edmonton approves 5% property tax hike next year
Property owners in Edmonton can expect to pay about five per cent more in taxes in each of the next four years after city council approved the 2023-'26 operating and capital budgets Friday. Administration had proposed a 3.9% increase.
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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