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Ferial Sheybani leads charge for women in CRE data tech
Ferial Sheybani leads charge for women in CRE data tech
Ferial Sheybani had spent more than 25 years working in progressively senior technology-related roles with different companies before joining Colliers as its vice-president and head of technology and data in December 2019.
Bringing workers back to the office: The challenge continues
Companies abandoned their offices three years ago amid government mandates to contain COVID-19. But since a level of relative normalcy has returned, both landlords and tenants have been trying to figure out how to bring these workers back.
Bank of Canada keeps key rate at 4.5%
For the first time in more than a year, the Bank of Canada is leaving interest rates alone, but warned more increases are possible. The bank announced that it was keeping its key overnight rate at 4.5 per cent.
Calgary's Southcentre Mall leases all of former Sears space
Sears' former 240,000-square-foot retail space over three floors at Calgary's Southcentre Mall is about to be completely filled. The Oxford Properties Group-owned mall will fill the 80,000 feet on the third floor with entertainment, food and beverage space.
Malls could convert Nordstrom stores to housing: Domenico
Jane Domenico, senior vice-president of retail at Colliers Real Estate Investment Services, says Canadian mall operators looking to fill spaces left behind after Nordstrom Inc. stores depart this year could cash in on the country's strong demand for residential housing.
Best Buy plans to open more outlet stores
Best Buy Co Inc. (BBY-N) is planning to open more outlet stores in a bid to attract "value-focused" shoppers. The outlet stores, which Best Buy began opening in 2021, allow customers to shop for open-box electronics and appliances.
Vancouver's office vacancy rate could reach 11.6%: AY
Avison Young is forecasting the vacancy rate in downtown Vancouver will reach up to 11.6% by the end of 2023. This is up from 9.8% in 2022 and about two per cent in early 2020 before the pandemic.
Electric aircraft company Beta opens Montreal hub
Vermont-based electric aircraft company Beta Technologies said Wednesday it has opened an engineering hub in Montreal with more than 50 employees. Plans are afoot to “significantly increase” staffing by year’s end, Beta said without being specific.
Surrey to relaunch development firm
Surrey City Council is expected to provide City of Surrey staff with the green light to resurrect Surrey City Development Corporation, which was dissolved in 2020 by then-mayor Doug McCallum and his Safe Surrey Coalition councillors.
$1B Great Canadian Casino Resort Toronto to open in summer
Great Canadian Entertainment's $1-billion Great Canadian Casino Resort Toronto will open this summer. The destination adjacent to Woodbine Racetrack will feature a modern Vegas-style casino, integrated 400-room hotel, 5,000-seat live entertainment venue and on-site dining.
Avison Young partners with tech accelerator OneEleven
Avison Young has announced a partnership as the preferred CRE advisor for Toronto-based OneEleven, a community of venture-backed tech companies, to gain insights into the technology landscape and offer member companies leasing and occupancy expertise.
Booming Cochrane close to maxing out water licence capacity
Booming growth in Cochrane, Alta., is putting pressure on the town as it edges closer to maxing out its water licence capacity of 44,000 residents as more and more housing developments are planned.
Bad office debt drives February jump in CMBS delinquency
The percentage of commercial mortgage-backed securities delinquent on debt payments jumped 18 basis points to 3.12% in February, the second-largest monthly increase since June 2020. The grim fate of the U.S. office sector is the biggest contributor.
Chicago leads U.S. in CRE investment for 10th straight year
Despite the losses of Boeing, Citadel and Caterpillar, for the 10th consecutive year the Chicago area has retained its No. 1 spot as the nation’s leading city for commercial real estate investment.
Heightened industrial demand boosts new lease rates
Demand for U.S. industrial space has been consistently high since the start of the pandemic and property owners are taking advantage of this when leases expire, the latest CommercialEdge industrial report shows. As a result, lease spreads have increased significantly.
Self-storage returns to steady growth
Coming off two years of unprecedented occupancy, rental and development growth, self-storage is returning to normalcy. And while investment volume is slowing down like all other CRE investment, there is still plenty of capital looking for a home in self-storage.
‘Record-high’ number believe they’ll never own a home
A “record-high” number of Canadians believe they’ll never have the finances to purchase a home, says a survey from Mortgage Professionals Canada released Tuesday. The survey, prepared by Oxford Economics, was taken by more than 2,000 in December.
Husmates a Tinder for property co-ownership
Since becoming a real estate agent in 2015, Lesli Gaynor has specialized in co-ownership. In 2021, she and business partner Parimal Gosai launched Husmates: a platform that works like a dating app by matching buyers looking to purchase property together.
Bully offers, bidding wars back in T.O. real estate market
Toronto-area buyers have been enticed into the market by lower prices for properties that range from downtown condo units to large suburban houses. Bidding contests, offer dates and properties selling for more than the asking price have made a comeback.
Housing prices in Waterloo Region drop nearly 25% Y-O-Y
Newly released statistics from the Waterloo Region Association of Realtors show in February the average price for residential homes across the region was just over $750,000, a near 25 per cent decrease in sale prices compared to February 2022.
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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