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Chard to construct rare hotel project, 3-tower site in Victoria
Chard to construct rare hotel project, 3-tower site in Victoria
Chard Development expects to soon start work on the first new hotel in downtown Victoria since the Parkside Hotel and Spa opened in 2009.
Stellantis stops construction on Windsor EV battery plant
A standoff over subsidies for the first EV battery plant being built in Canada has escalated, bringing into view the bind in which Ottawa finds itself as other automakers demand public backing comparable to the sums recently committed to Volkswagen.
New AI tools may be the tech that shakes up real estate
Across the real estate industry, people are conducting their own tiny experiments to see how new artificial intelligence tools can help them do their jobs better, such as development site searches or prospecting for a purchaser for a building.
Slate unveils 'preliminary vision' for huge Hamilton Steelport
UPDATED WITH QUOTES, BACKGROUND: Slate Asset Management has unveiled a “preliminary vision” for its 800-acre industrial redevelopment property on the Lake Ontario waterfront in Hamilton, which will be known as Steelport.
The effort to turn an aging office tower into housing
The Beaux Arts-style tower at Yonge and King Streets was languishing even before the pandemic rearranged the rhythms of work in Toronto’s financial district. Its small, dated floor plans were a hard sell compared to the sleeker, expansive nearby offices.
Alterra amends Sherbourne dev. to retain heritage elements
Alterra Group of Companies has submitted Official Plan and zoning by-law amendment applications for a project at Sherbourne and Bloor streets that would impact several heritage buildings. The site is irregular, with two- to three-storey heritage buildings.
 | MNP How to protect yourself against real estate and construction fraudThe impacts of fraud can be devastating but many people underestimate the potential scope of the wreckage. Sponsored by: MNP |
Downtown Vancouver office vacancy rate above 10 per cent
The office vacancy rate in downtown Vancouver has eclipsed 10 per cent for the first time in almost two decades, a trend driven by tech and other companies giving up leased space according to CBRE.
Vancouver condo developers asked council for tax break
Letters show that last month, representatives of at least three major real estate development firms contacted Vancouver’s mayor and council imploring them to create a new tax exemption and apply it retroactively. Weeks later, council’s majority did just that.
 | The Industrial Real Estate Show Do lawyers kill commercial real estate deals?Chad GriffithsPartner, NAI Commercial |
Decathlon continues aggressive expansion in Canada
Global sporting retailer Decathlon is aggressively expanding the brand in Canada with upcoming store openings expected in Quebec, Calgary, Ontario and B.C. There are 15 stores in Canada and flagship stores are typically 35,000 to 60,000 square feet.
Nordstrom Rack stores in Canada shuttered
All of Nordstrom Rack’s Canadian stores shut at the end of day on Sunday, marking the end for the chain that saw seven of the off-price stores open in major Canadian markets. Nordstrom Rack’s first Canadian stores opened in 2018.
Coca-Cola to build $650M facility in New York State
Gov. Kathy Hochul announced The Coca-Cola Company has selected a site in the town of Webster for a 745,000 square-foot fairlife facility. The $650 million investment will create an estimated 250 jobs.
Brookfield puts holiday chain Center Parcs up for sale
UK holiday village chain Center Parcs has been put up for sale by its owner, private equity firm Brookfield (BN-T). The company is looking to raise between £4B ($6.75B) and £5B ($8.44B) from the sale.
Leasing activity animates slow Manhattan office market
The U.S.'s biggest office market is still struggling with redefining itself in a post-COVID-19 era. At the end of the first quarter, Manhattan had 15.1 million square feet under construction, representing 3.1 per cent of total office stock.
Sharp decline in CRE investment globally signals challenges
Global CRE investment faced a significant setback in Q1 with a staggering 55 per cent year-over-year drop, amounting to $147B. The Americas, Europe, and Asia-Pacific declined 56 per cent, 64 per cent, and 20 per cent, respectively.
Average Toronto rent prices skyrocket by shocking amount
The latest National Rent Report from Rentals.ca and Urbanation shows the Toronto area’s average rents increased 41% over the past two years. It now costs an average $2,526 to lease a one-bedroom unit in the GTA.
B.C. is Canada's eviction capital, new research shows
Roughly one-in-10 households that rent in B.C. say they were forced to move during a recent five-year period, a significantly higher eviction rate than any other region in Canada, says a new University of B.C. report.
FOMO is returning to Canada's housing market
John Pasalis, president of Realosophy Realty, talks with the Financial Post’s Larysa Harapyn about the housing market, and how low supply is sparking bidding wars and rising prices.
The crumbling of Vancouver's Point Grey Village
OPINION: Vancouver's Point Grey Village once formed the heart of one of Canada's most sought-after neighbourhoods. Now it’s bleak, punctuated by boarded-up windows. Twenty per cent of its shopfronts are empty, compared to a citywide average of eight per cent.
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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