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Toronto industrial market has millions of new sq. ft. on the way
Toronto industrial market has millions of new sq. ft. on way
Industrial real estate transactions in the GTA slowed in Q3, and developers and landlords may be becoming more cautious due to current economic conditions, but the outlook remains positive for the approximately 840-million-square-foot market.
5 major Canadian housing REITs launch ForAffordable.ca
In the face of a federal government plan to re-examine the tax treatment of REITs, and economic conditions making it increasingly challenging to build affordable housing, five of Canada’s largest residential owners/operators have launched ForAffordable.ca.
Groupe Sélection undergoes financial restructuring
Groupe Sélection filed an application Monday under the Companies' Creditors Arrangement Act. This process will allow for a financial and operational restructuring to pursue the growth plan and the development of services.
NorthWest's $765M JV targets U.K. health-care real estate
NorthWest Healthcare Properties REIT (NWH-UN-T) today announced the formation of a JV targeting U.K. health-care real estate with an aggregate equity commitment of $765 million to be funded 85% by a U.K. institutional investor and 15% by the REIT.
Toronto Region Board of Trade opens new T.O. office
The Toronto Region Board of Trade Friday opened its new state-of-the-art office and event space at 100 Queens Quay E. on Toronto’s waterfront. The 38,000-square-foot event space was built by Menkes Developments Ltd. and designed by SGH Design Partners
 | Austin Birch Austin Birch sheds light on new market in recent reportAustin Birch, the GTA’s strategic pre-construction partner of choice, releases the latest Austin Birch Report for the end of 2022. Reviewing real-time market data, the publication discusses the growing importance of having an experienced sales teams in today’s buyer-led market. Sponsored by: Austin Birch |
CF's Vancouver offices certified as zero carbon
Cadillac Fairview (CF) has achieved Zero Carbon Building certifications for performance across seven of its office buildings in Vancouver, spearheading a sustainability push as the city implements stricter greenhouse gas regulations for the built environment.
Slate Office schedules special meeting of unitholders
The Board of Trustees of Slate Office REIT (SOT-UN-T) has scheduled an annual and special meeting of unitholders for March 28, 2023 in response to the previously announced unitholder requisition from G2S2 Capital Inc., an entity chaired by George Armoyan.
Sandpiper Group increases its position in Artis to 16.14%
Sandpiper Group, together with its joint actors, has increased its position in Artis REIT (AX-UN-T) to 16.14%. The units were acquired for investment purposes. Sandpiper believes the units of Artis are undervalued and represent an attractive investment opportunity.
Grmada proposes 30-storey mixed-use tower
Grmada Holdings Inc. proposes a 30-storey mixed-use tower at 3750 Bathurst St. The WZMH Architects-designed tower would include 479 residential units, 9,182 square feet of ground-floor retail, 134 parking spaces and 512 bicycle parking spots.
Sky Property proposes 20-storey mixed-use
Sky Property Group has proposed a 20-storey mixed-use development with grade-level retail at 720 Sheppard Ave. E. The Kirkor Architects Planners-designed building would include 432 residential units and three retail units combining for 15,231 square feet of space.
China’s property sector rescue package lifts stocks, bonds
Chinese property stocks and bonds soared on Monday as the market cheered Beijing’s “most comprehensive” support measures aimed at boosting liquidity in the sector in its latest attempt to stabilize a key pillar for the world’s second-largest economy.
Walmart lifts forecast, announces US$20B share buyback
Walmart Inc. (WMT-N) on Tuesday forecast a smaller fall in annual profit as demand for groceries holds up despite higher prices, while discounts on clothing and electronics attract more inflation-hit shoppers to the top U.S. retailer’s stores.
Home Depot forecasts steady as U.S. housing market slows
Home Depot Inc. (HD-N) on Tuesday left its annual forecasts unchanged even as quarterly results topped Wall Street expectations, raising concerns about demand heading into the holiday season amid a slowing housing market.
Four Seasons adds new resort project in Saudi Arabia
Four Seasons Hotels and Resorts is building a new coastal resort in Jeddah, Saudi Arabia. Four Seasons will be working with Saudi-based investment firm Midad Real Estate on the Four Seasons Hotel and Private Residences Jeddah at the Corniche.
Home sales post first monthly gain since February
The Canadian Real Estate Association says home sales in October posted their first monthly gain since February. The CREA says sales in October were up 1.3 per cent from September.
Canadians have been slow to ditch variable mortgages
Canadians have been slow to turn away from variable-rate mortgages despite a slew of central bank interest rate hikes since March. It’s an unusual trend that mortgage brokers chalk up to economic uncertainty, regulations and sometimes a need for flexibility.
B.C. housing sales slump 45% year-over-year
B.C.’s housing sales downturn deepened in October as interest rate hikes and economic uncertainty sidelined potential buyers. There were 5,242 residential sales, according to the latest report from the B.C. Real Estate Association — a 45 per cent year-over-year decline.
Vacancy tax capturing some of the wrong people
Tax-law specialists, including Thorsteinssons lawyer Noah Sarna, say many well-meaning owners are getting caught in audits because the popular new speculation and empty-homes taxes being brought in by many governments are overly crude.
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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