Canada's national office vacancy rate dips in Q3: CBRE

The office markets in Canada’s major cities aren’t as buoyant as during pre-pandemic days, but are still doing relatively well in comparison to those in other countries.

Summit Industrial buys second dev. site in Kitchener

Summit Industrial Income REIT is continuing to grow its development pipeline in the area surrounding Toronto. The trust and an unnamed partner will acquire a second plot of industrial land in the Grand River West Business Park in Kitchener.

First Capital REIT reaffirms value-creation strategy

First Capital REIT (FCR-UN-T) reaffirmed its commitment to its enhanced capital allocation following recent public claims and demands by the Segal Group, which the REIT says is to advance an agenda to appoint two director candidates.

Chinese billionaire plans to turn B.C. retail into res.

Chinese billionaire Liu Weihong, who has purchased three major B.C. shopping centres - Victoria’s Mayfair Shopping Centre, Nanaimo’s Woodgrove Centre and the Tsawwassen Mills mall in the last two years - plans to turn some of her retail property into market housing.

Devimco a well-oiled developing machine

Since the early 2000s, the Devimco Group has multiplied real estate projects in the greater Montreal area. Serge Goulet, founding CEO of the group, gives an update on Devimco and explains the next projects that are underway.

Firms turning to amenities to lure staff back to offices

When Lightspeed Commerce staff headed back to their Montreal office after a pandemic hiatus, they found a space double the size of their last with a restaurant serving free meals, a smoothie bar and a barista to craft custom drinks.

George Brown unveils future of work pilot building

As employers and employees across Canada navigate their return to the office, George Brown College is re-imagining how and where its employees work with the launch of its Future of Work pilot building at 230 Richmond St. E. in Toronto.

EnerSavings, EnPowered partner for retrofit program

Energy management company EnerSavings has partnered with cleantech company EnPowered on a new retrofit program to help reduce the carbon footprints of buildings.

Mirvish Village features micro-retail, restored buildings

Designed as a new, vibrant community hub and gathering place, Toronto's Mirvish Village will integrate a new park and market, called The Kitchen, an extensive public realm, micro-retail, 24 restored heritage buildings in addition to unique restaurants and shops.

New spin on parking spaces reaps benefits

The pandemic shone new light on parking lots, leading many to start using the space in more valuable ways. Meanwhile, a growing push for sustainability had already prompted fresh thinking around the vast swathes of land dedicated to car storage.

Toronto retail seeing increasingly robust leasing activity

A retail report by JLL says retail leasing activity in Toronto should remain robust after a strong push in Q2 2022. Both enclosed and open-air Toronto retail properties have attracted new concepts, with a special attention from first-to-market.

Simon buying 50% of real estate investor Jamestown

Mall giant Simon Property Group Inc. is buying 50% of real estate investment firm Jamestown, stepping up its expansion beyond shopping centres. The Atlanta-based firm had more than $13 billion in assets under management as of June 30.

U.S. REITs index down 27.93% year-to-date

As warehouses multiply, some U.S. cities say enough

A growing coalition of residents and leaders in Colton and neighbouring California cities – a logistical hub for the U.S. – increasingly frustrated with the proliferation of warehouses in the region as well as the side effects of the rapid expansion.

$2.5B Alabama aluminum recycling plant breaks ground

Novelis Inc., the world’s largest recycler of aluminum, has broken ground and begun construction on a $2.5 billion low-carbon recycling and rolling plant in Bay Minette, Ala.

Even bigger home price drops seen looming

The higher expectations for interest rate hikes climb  — and they are climbing — the bleaker the outlook gets for global housing markets. Capital Economics expects bigger price drops in some of the more vulnerable markets, including Canada.

Opportunistic buyers step to the stage in GTA

Ira Jelinek, real estate agent with Harvey Kalles Real Estate Ltd., is seeing an increasing number of “opportunistic” buyers emerge after prices fell from their February peak. Some have been looking at properties for years and years, he says.

The problem is finding people to build houses

The push to build more homes to ease an affordability crisis is running into a critical problem: There aren’t enough workers to build those homes.

Florida snowbirds face rising real estate, rental prices

Aging Canadians have looked to South Florida for affordable winter-month properties for decades, but stiff competition in the rental and homeownership markets, compounded by the rising cost of living, are making it more difficult for the nation’s snowbirds.