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IWG pushes growth, to open 9 new Canadian flex work offices
IWG pushes growth, to open 9 new Canadian flex work offices
Flexible workspace and office provider IWG had a successful 2022 and will open nine new Canadian sites in the first part of this year as it looks to grow by 100 locations – to 250 sites – during the next three years.
Proptech Local Logic joins forces with Rental Beast in U.S.
Local Logic and Rental Beast have integrated their services to expand the Canadian data firm's U.S. reach and provide Rental Beast a more robust database of information for both real estate industry professionals and consumers.
Alphabet's DeepMind lays off staff, closes Edmonton office
Alphabet Inc.’s research lab DeepMind will close its Edmonton outpost and lay off some operational staff in the U.K., part of its program of cost-cutting. The Edmonton office was the only DeepMind site not housed within a Google-managed office.
 | The Apartment Building Expert The rise of the permanent renterDerek LoboFounder and CEO , SVN Rock Advisors Inc. |
Skyline expects more development of industrial assets in 2023
In 2023, Guelph-based Skyline Industrial REIT aims to maintain its focus on acquiring light industrial, logistics, and warehousing properties along major highway corridors, transportation routes, and global shipping outlets across Canada, capitalizing on 2022's momentum, says president Mike Bonneveld.
 | Equiton The time is right to invest in real estateSuccessfully investing in real estate means understanding that not all real estate is created equal. While single-family homes have experienced falling prices, multi-residential apartments continue to see positive gains. Sponsored by: Equiton |
Queenscorp proposes three mixed-use buildings in Etobicoke
Queenscorp Residences has proposed three buildings at 522 Royal York Rd. One Turner Fleischer Architects-designed building would include 35- and 17-storey residential towers, while the other buildings would be 20 and 10 storeys with 3,326 square feet of office.
Rural mayors raise concerns about Ontario housing plan
Premier Doug Ford and his top ministers on Monday got an earful from members of the Rural Ontario Municipal Association who raised concerns about the province’s housing plan and its move to allow development on parts of the protected Greenbelt.
How food courts are emerging from the pandemic
As workers in Toronto’s Financial District scurry through the Brookfield Place food court on their lunch breaks, the darkened Starbucks at the space’s far end looms large. Adjacent to the Starbucks, a closed Marche’s is boarded up.
Discount grocers to outperform in 2023: Report
Discount grocery stores are expected to outshine their conventional counterparts in 2023 as shoppers seek out cheaper food to cope with staggering price increases, a new report by DBRS Morningstar said.
Farm Boy opening Toronto’s 10th location next month
Ottawa-headquartered Farm Boy is opening a new store on the waterfront next month. Set to open Feb. 9, the 29,600-square-foot location at Sugar Wharf will be the 10th Farm Boy to open in Toronto and the 47th in Ontario.
Metro hikes dividend by 10% as high inflation fuels sales gain
Grocery retailer Metro Inc. (MRU-T) boosted its dividend paid to shareholders by 10 per cent and reported that profits grew by 11.3 per cent in the first quarter, as inflation continues to push food sales up.
Amazon Web Services investing $35B in Virginia data centres
Amazon Web Services (AWS), the cloud computing division of Amazon, will invest $35 billion through 2040 to create multiple data centre campuses across the state of Virginia, according to Virginia Gov. Glenn Youngkin. The sites will be announced at a later time.
Developers plan $850M redevelopment of Phoenix mall
Concord Wilshire Capital, TLG Investment Partners and Carl DeSantis’ CDS International Holdings have closed on the acquisition of the Metrocenter Mall in Phoenix. Hines will partner on an $850-million redevelopment at the site.
Europe bracing for sharp and abrupt real estate reversal
From a fraught refinancing process for an office building in London to the strained sale of the Commerzbank Tower in Germany’s financial hub, investors are scrambling to find ways to bridge financing gaps as European lending markets seize up.
Milan luxury real estate booms as bankers leave London
The market for luxury flats in Milan is booming as bankers, fund managers and private equity investors are flocking to Italy’s financial capital. Milan has become a popular landing spot for finance workers leaving London in the wake of Brexit.
Mortgage rates will likely peak this week: Economists
Mortgage holders across Canada can breathe a sigh of relief: fixed and variable mortgage rates are likely peaking this week, economists say, and could begin heading back down again by the end of the year.
Sales of new GTA construction homes plunged in 2022
Sales of new construction homes in the GTA plunged as much as 68 per cent year-over-year in 2022, but prices declined only four per cent on the single-family home side and three per cent for condos, BILD reported on Tuesday.
More houses sold for a loss in GTA in 2022
A Burlington detached home was sold mid-reno for hundreds of thousands less than what it got in summer 2021. A Brampton townhouse went for about $340,000 under what it fetched the year before.
Montreal rent $1,000 less than in Toronto
Quebec is home to nine of the 10 cheapest Canadian cities for renters, according to a study by Point2. Trois-Rivières, a city 138 kilometres northeast of Montreal, is the most affordable, with shelter costs averaging $676 per month.
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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