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Construction costs not falling anytime soon: GTA panel
Construction costs not falling anytime soon: GTA panel
Construction costs have climbed quickly in recent years, and where they go from here could have a major impact on development. An Urban Land Institute Toronto webinar examined the situation and where costs could be headed.
Mach buys, plans to refurbish InterContinental Montreal
Groupe Mach has invested about $80 million to purchase the 357-room InterContinental Montreal Hotel in Old Montreal, and plans $20 to $25 million to refurbish the property during the next 24 to 30 months.
New Horizon proposes 15-building project in Hamilton
New Horizon Development Group's residential proposal for Hamilton's east Mountain neighbourhood includes two 25-storey towers, one 20-storey tower, two 15-storey buildings, one 13-storey structure, two eight-storey buildings and seven three-storey stacked townhouses.
 | The Property Law Hub Beware: Decisions raise major new weakness for commercial contractsDaniel WaldmanLawyer, Dickinson Wright LLP |
Companies rethinking portfolios in light of hybrid work
The great experiment in balancing working from home and returning to the office is still on the drawing board, according to a new report from Colliers Canada called The New Age of Hybrid Work.
Turning empty offices into housing easier said than done
With residential rents increasing and a housing shortage in much of Canada, the idea of turning empty offices into housing is very trendy. But what are the keys to making an office conversion work?
 | Yardi Challenge ’23: Meeting the needs of a changing office landscapeAs the Canadian office real estate industry begins to move through 2023, professionals dive deeper into the keys to creating a real estate strategy that aligns with industry expectations and unlocks value. Sponsored by: Yardi |
Castlepoint Numa proposes 40-storey tower in Weston Village
Developer Castlepoint Numa has added a third proposal to the revitalization of Toronto’s Weston Village neighbourhood. 1800 Weston, a 40-storey residential tower designed by BDP Quadrangle, would deliver a total of 488 new dwelling units.
Anatolia Turkish Foods looks to expand from Calgary base
Calgary-based Anatolia Turkish Foods has embarked on an expansion strategy that will see the brand grow into other markets in Canada. The company, which also has a wholesale business, is looking at Vancouver, Edmonton and the Toronto market for growth.
ANALYSIS: Reclaiming the spirit of the shopping mall
From Halifax to Richmond, B.C., major shopping malls across Canada are seeing proposals to develop high-density mixed-use neighbourhoods in the parking lots that surround them. Cadillac Fairview and Shindico Realty-owned CF Polo Park has now joined the club in Winnipeg.
Ont. needs faster approvals, harmonized standards: RESCON
Ontario should speed up new housing approvals, increase skilled trade immigration, and “rein in” municipalities introducing varying green building standards, the Residential Construction Council of Ontario (RESCON) says. The province is receiving requests for funding and policy changes pre-budget.
P.E.I. CRE prices stabilizing, supply issues remain: Realtors
After a turbulent few years, real estate agents on Prince Edward Island including Kevin Quinn, a realtor with RE/MAX Charlottetown, say the commercial real estate market is starting to show signs of stabilizing, but supply challenges continue.
Bed Bath & Beyond seeks to raise US$1B to avoid bankruptcy
Bed Bath & Beyond Inc (BBBY-Q) said on Monday it was planning to raise some $1-billion through an offering of preferred stock and warrants in a last-ditch effort to stave off bankruptcy.
Amazon pumps the brakes on brick-and-mortar grocers
Amazon is temporarily halting the growth of its brick-and-mortar Amazon Fresh grocery stores and closing some locations as it attempts to recalibrate just three years after rolling out the concept.
Vornado wins $90M Regus lease dispute over San Fran offices
The California Court of Appeals panel has ruled in favour of Vornado Realty Trust over the lease Regus signed in 2109 but then terminated in San Francisco. IWG, which owns the Regus brand, must pay at least $90 million.
Metro Loft developer vows to remake New York
Nathan Berman's roughly 25-person firm, Metro Loft Developers LLC, has converted more than 3.5 million square feet of offices in Lower Manhattan into thousands of residential units, likely the most of any developer in the city.
Economy, elevated mortgages drag down 2023 B.C. housing
The British Columbia Real Estate Association (BCREA) says the chill across the province's property sector will drag on through this year, but it calls for a strong rebound in 2024.
Waterloo Region home sales down 41 per cent year-over-year
January was a slow month for real estate sales in Waterloo Region. According to data released by the Waterloo Region Association of Realtors on Friday, sales were down 41.9 per cent year-over-year. Only 297 homes were sold locally last month.
London-area home prices down 25% in a year
The average home price has fallen about 25 per cent in one year, but London-area sales plunged to their lowest level in more than a decade last month as interest rate hikes bit into the market.
Saskatoon sees lowest number of homes listed since 2008
Saskatoon is facing a housing supply challenge, according to the Saskatchewan Realtors Association (SRA). The SRA says 415 homes were listed in Saskatoon in January — the lowest level since 2008.
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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