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Metro Vancouver's Top-10 CRE transactions of 2022
Metro Vancouver's Top-10 CRE transactions of 2022
When it comes to assessing commercial real estate trends in B.C.’s Lower Mainland, “2022 was a sort of ‘tale of two cities,’” according to Doug Pulver, the executive managing director in Colliers' Vancouver office.
BOMA BEST building certifications to expand into U.S.
Building Owners and Managers Association (BOMA) International and BOMA Canada have signed a letter of intent to implement the BOMA BEST building certification program in the United States.
Toronto Star owner sells remaining printing facility
Records show Torstar’s printing facility in Toronto was sold earlier this month for $16.5 million to what appears to be a holding company called Tempo Vic Corp. Torstar spokesman Bob Hepburn said the transaction has not yet closed.
Equity, pension funds show interest in day-care industry
Private equity firms and institutional investors are increasingly taking an interest in the day-care industry amid government investment in the sector, a trend child-care experts say could cause problems unless strict cost-control measures are introduced.
Rowntree JV proposes five Toronto mixed-use towers
Rowntree Enterprises is lead developer on a proposed five-tower mixed-use development at 1075 Leslie St. The towers, ranging from 13 to 49 storeys, would include 1,846 housing units and commercial and retail space wrapped around a green, pedestrian-oriented public courtyard.
61-storey Eight Cumberland tops off in Yorkville
Bloor-Yorkville is welcoming another peak to its skyline, with Eight Cumberland now topping off at 8 Cumberland St. The 51-storey Great Gulf and Phantom Developments project, designed by architects—Alliance, will include a total residential unit count of 399.
 | 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 unlock value. Sponsored by: Yardi |
Companies slapping catchphrases on hybrid-work plans
Employers are coming up with a whole new class of catchphrases to promote their flexible-work options, illustrating the various ways companies see the plans shaking out — and how hard it is to get them right.
Retailer bankruptcies lower than expected since pandemic
The tsunami of creditor protection filings expected as a result of the COVID pandemic simply hasn’t happened, but more are likely this year with the end of government support programs, says Insolvency Insider.
Tip Top betting on spiffy suits to help it weather downturn
A special-events industry still benefitting from pent-up pandemic demand has Grafton Apparel CEO Lance Itkoff confident the owner of specialty menswear brands Tip Top Tailors and others can weather an economic downturn already putting pressure on businesses and consumers.
Zellers restaurants are coming back — as food trucks
Hudson’s Bay Co. (HBC) said it’s launching a fleet of food trucks with dishes from the old Zellers Family Restaurant as part of its relaunch of the discount retailer this spring.
With an aging population, Chartwell a good buy
Mississauga-based Chartwell Retirement Residences (CSH-UN-T) indirectly owns and operates a complete range of seniors housing communities. Shares have plunged 19% year-over-year as of close on Jan. 27. The stock has jumped 19% to kick off the New Year.
U.S. offices hit 50% occupancy for first time since COVID
More than half of workers in major U.S. cities went to the office last week, the first time return-to-office rates crossed 50 per cent of pre-pandemic levels, according to security firm Kastle Systems.
Falling European property values create $55B funding gap
There’s a gap of $55 billion US between the amount owed by commercial property owners across Germany, France and the U.K. and the credit likely to be available for refinancing when the borrowings mature, according to AEW Europe SA.
Norway wealth fund boosts stake in largest RE firms
Norway’s $1.3-trillion sovereign wealth fund increased its stakes in the four property companies - Germany’s Vonovia SE and U.S.-based Alexandria Real Estate Equities, Equity Residential and Invitation Homes - where it has the biggest absolute positions among real estate stocks.
Blackstone cracks down on non-paying residential tenants
Blackstone and its subsidiaries began the process of evicting tenants behind on rent at its multifamily and single-family rental properties last year and anticipates ramping up evictions this year, the Financial Times reports.
Rising home prices have equipped Canadians for downturn: RE/MAX
Canadians are in a better position to weather the housing downturn than they would have been 10 years ago thanks to an increased amount of equity in their homes, says a new report from RE/MAX Canada.
GTA suburb sees 44 per cent price drop: TRREB
Areas in the GTA suburbs that saw skyrocketing home prices during the pandemic are facing a crash with Scugog leading with a 44 per cent plummet in average sales price since February, according to the Toronto Regional Real Estate Board.
B.C. property ownership registry in full effect
Two years after a B.C. land ownership transparency registry was introduced to help combat money laundering and tax evasion, it is in full force. It will likely take years for the usefulness of the registry to be tested and proven.
CREB, Alberta Real Estate Association may merge
The Calgary Real Estate Board will vote on its future existence on March 15. The 79-year-old organization is considering a merger with the Alberta Real Estate Association and has a series of open houses scheduled before a special meeting.
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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