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Omnia president to Montreal: We'll build housing if we can get approvals
Omnia prez to Montreal: We'll build housing if we get OKs
Omnia Technologies has five residential projects under active development in Montreal and its president says it could have several more under construction if only the city would step up its speed in granting permits.
Sphere scales up projects, keeps focus on fringes of Toronto
Sphere Developments is based in Mississauga, but the two-year-old company has found its comfort zone with projects on the periphery of the Greater Toronto Area (GTA).
CEOs, boards should be terrified of activist investors
In Canada, two hedge funds have taken on established REITS already this year: K2 at H&R and Ewing Morris at First Capital. These attacks can be challenging as a small fund may have a bigger fish behind it.
Montoni breaks ground on $450M Que. industrial complex
Montoni Group recently broke ground on its Ecoparc Saint-Bruno multi-industry complex in Saint-Bruno-de-Montarville, Que. and announced Master Group and Colabor as tenants. The $450-million, two-building complex will comprise 1.6 million square feet of leasable logistics space.
Speedy Transport opening 2 Quebec shipment centres
Minicucci Architect has just delivered two transhipment centre projects for carrier Speedy Transport, which intends to increase its presence in Quebec. Groundbreaking ceremonies have taken place for the centres in Vaudreuil-Dorion and in St-Augustin-de-Desmaures in the Quebec City area.
 | The Industrial Real Estate Show Earn more business in real estate brokerageChad GriffithsPartner, NAI Commercial |
How Toronto's Distillery District was transformed
More than 20 years ago, John Berman and some of his business partners pretended they were scouting locations for a film to tour a collection of Victorian-era industrial buildings in Toronto's east end — and got an idea.
CPP's real estate investments lost 1.2% last year
CPP Investments' real estate investments lost 1.2 per cent in its last fiscal year. Weak results from retail assets were driven by a shift to e-commerce and office assets suffered due to hybrid working trends, but logistics assets performed better.
T&T opens 36,000-sq.-ft store at CF Fairview Mall
Canadian Asian supermarket chain T&T Supermarket has opened its latest location in CF Fairview Mall in Toronto as part of an $80-million revitalization development by owner Cadillac Fairview. The supermarket opened in a former Sears space.
Winnipeg made skyscraper history 120 years ago
In Winnipeg in spring 1903, the corner of Main and William Avenue, the edge of a former creek bed, was chosen as the site for what would become Western Canada's first skyscraper - the 11-storey Union Bank building.
Fusion enlists Sasaki for Guelph Innovation District
Guelph-based homebuilder Fusion Homes has appointed Sasaki as the urban designer for the Guelph Innovation District — emphasizing sustainable building materials, energy and nature preservation. The partnership with Sasaki will focus on the sustainability of the community.
369-unit student housing opens at SFU's Burnaby campus
More students will have access to housing at Burnaby's Simon Fraser University after the opening of the Courtyard Residence. SFU says the residence has 369 student rooms and will also host "The Simon," providing short-term accommodations for visitors.
Amazon seeks to demolish 11 offices for data centres
Amazon plans to demolish at least 11 office buildings in Northern Virginia and replace them with data centres as part of its $35 billion expansion in the area. The four data centres would comprise more than 900,000 square feet.
Manulife acquires controlling interest in data centre firm
Manulife Investment Management has entered into an agreement to acquire a controlling interest in data centre firm Serverfarm, which has eight data centre assets across North America, Europe and Israel. The details of the transactions were not disclosed.
Remote work could slash NYC office values by 43.9%
A New York University and Columbia University report last summer predicted New York City office values would drop 28% by 2029. In an update this month, the authors now project an average value drop of 43.9% from 2019 to 2029.
Toronto real estate market makes slow return
Slowly, haltingly, real estate may be getting back toward something like prepandemic normal in the Toronto area. A combination of low inventory and a period of relative stability in mortgage rates is pushing sale prices higher, according to industry watchers.
GTA homebuyers finally return to newly built market
Sales of new construction single-family homes in the GTA rose 81 per cent year-over-year in April, the Building Industry and Land Development Association reported Wednesday. The 1,064 sales of detached, semi-detached and townhouses remained 16% below the 10-year average.
Investor-occupants 9.6% of B.C. homeowners in 2020
Investor-occupants made up 9.6 per cent of homeowners in British Columbia in 2020, Statistics Canada said Tuesday. About 12.5 per cent of Vancouver owners and 12.2 per cent of Victoria owners were investor-occupants in 2020.
Up to gov't to verify compliance of listings: Airbnb
Airbnb is ready to remove offers of illegal lodging on its site, but says it’s the Quebec government’s responsibility to check offers for compliance. Tourism Minister Caroline Proulx tabled Bill 25 earlier in May, aimed at combatting illegal tourist accommodation.
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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