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Hines Bayside Toronto delivers huge mixed-use waterfront dev.
Hines' Bayside Toronto huge mixed-use waterfront dev.
Activating Toronto's downtown waterfront is central to efforts to invigorate its core, and global developer Hines provided an overview and update on its huge Bayside Toronto development for thousands of attendees at the Urban Land Institute Spring Meeting.
HBC to expand Zellers brand into 20 new locations
Hudson’s Bay Company (HBC) will be expanding its Zellers brand across Canada – initially through an additional series of pop-up boutiques within Hudson's Bay stores.
Slate cancels Burnaby AAA office project: Source
Slate Asset Management’s Capital Point Metrotown project, which was set to become the first fully-strata AAA office tower in Burnaby, has been cancelled, according to an employee at one of the firms previously involved in the project.
Office building values still trending downward
Appraisers generally expect office building values to keep slipping over the course of 2023. When Altus Group recently surveyed its Canadian valuation staff, more than two-thirds of respondents projected a further five to 15 per cent decline.
Ontario will put ‘more money on the table’ to keep Stellantis
Ontario Premier Doug Ford says Ontario is prepared to give more money to Stellantis NV to keep the company’s electric-vehicle battery plant in the province.
CMHC increases MLI Select operating expense benchmarks
GUEST SUBMISSION: CMHC announced that, following its first review of the Multi-Unit MLI Select product, there are no immediate changes to the product criteria. However, it did release new operating expenses benchmarks for 2023-'24.
 | Equiton Understanding the three ways to invest in apartmentsInvesting in multi-family real estate can be divided into three categories: value add, newly constructed and development. Learn about the three ways to invest in apartments and why having a mix of all three in your portfolio is important. Sponsored by: Equiton |
Hotel property sales soared to $335 million in Q1
Spurred by an increase in room revenues and potential for a rise in international visitors, buyers have pushed sales of hotel assets up 70 per cent to $335M in the Q1 of this year, compared to Q1 of 2022.
The Well could offer blueprint for post-COVID office space
Some new projects suggest there is room to build more livable communities in office-dense neighbourhoods, with RioCan REIT's The Well in Toronto and office-to-residential conversions in Calgary set to put that idea to the test.
Van.'s Stanley Park District attracts new developments
The Stanley Park District in downtown Vancouver is seeing renewal with notable developments like 1818 Alberni St. by Landa Global Properties, 1515 Alberni St. by Bosa Properties and Westbank’s Alberni building which is designed by renowned architect Kengo Kuma.
Ottawa's Carling Avenue could be ‘hot spot’: Realtor
A wellness and social club that is moving into the former Canadian Tire store on Ottawa's Carling Avenue could be the first of many businesses opting for a location near but not in the downtown core, said realtor Lorne Scott.
GeoLagon to develop net-zero geothermal villages
Four energy self-sufficient, carbon-neutral villages and geothermal lagoons are set to be built by GeoLagon Inc. across Quebec, ranging in cost from $325 million to $500 million. They will be powered largely by clean energy.
Brookfield REIT, GIC to buy India assets for $1.89B
Brookfield Asset Management will sell two commercial properties in India to a partnership of its locally listed REIT Brookfield India and Singapore sovereign wealth fund GIC in a deal with an enterprise value of $1.89 billion Cdn.
PacWest to sell $2.6B in loans for $2.4B
PacWest Bancorp, one of the U.S. lenders engulfed in the regional banking turmoil, agreed to sell a $2.6 billion portfolio of 74 construction loans amid efforts to shore up liquidity for about $2.4 billion to Kennedy-Wilson Holdings Inc.
Top Abu Dhabi wealth fund hires Manulife exec
The Abu Dhabi Investment Authority hired one of Manulife Financial Corp.’s top executives to lead its Americas real estate unit as the $1 trillion sovereign wealth fund seeks to expand its property portfolio in the U.S.
Starlight fund sells 56 Atlanta homes for $13.77M US
Starlight U.S. Residential Fund (SURF-U-X) announced it has entered into a binding agreement to dispose of 56 of its 98 single-family homes located in the suburban area of Atlanta for approximately $13.77 million US.
B.C. has highest no-fault eviction rate in Canada
British Columbia has the highest rate of no-fault evictions in Canada, but some landlords say the province's tenancy rules make it too hard for landlords to raise rent and evict tenants for valid reasons.
Cottage country has found its new normal
After two summers of frenzied buying, there’s a return to normal in cottage country real estate. Royal LePage expects a five per cent price drop to an average $603,060 for single-family homes in resort areas in 2023.
N.S. tops list for most out-of-province investors
Statistics Canada’s second residential report shows the rate of out-of-province investors in Ontario (0.5 per cent) and Manitoba (1.4 per cent) was lower than in B.C. (2.7 per cent), New Brunswick (3.0 per cent) and Nova Scotia (3.8 per cent).
London shifts from single-family homes to apartments
Only 45 building permits were issued in London for single-family homes in Q1, a 74 per cent-plus year-over-year decrease. Meanwhile, five apartment towers received permits valued at $116 million, compared to three apartment buildings worth $29 million year-over-year.
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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