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GWLRA finds success with upscale Livmore multires banner
GWLRA finds success with upscale Livmore multires banner
GWL Realty Advisors (GWLRA) has inaugurated its third Livmore-branded residential development and plans to build more rental projects under the banner across Canada in coming years.
Work from home leaves downtown Van. in ‘state of flux’: AY
The technology sector's embrace of remote working has left downtown Vancouver in a “state of flux” after the pandemic rapidly shifted employee and employer expectations for the workplace, according to a new report from Avison Young (Canada) Inc.
Downtown T.O. foot traffic still 46% lower than pre-COVID
Foot traffic in downtown Toronto has continued to fall significantly since pre-pandemic norms in 2020, as hybrid work persists and fewer residents travel to work downtown, a Canadian Chamber of Commerce’s Business Data Lab study on workplace mobility trends found.
Proment's 26-storey Montreal condo approved
After being blocked by the City of Montreal for two-and-a-half years, Proment got the green light to continue with its integrated Quartier Pointe-Nord project in L'Île-des-Sœurs. Evolo Nex 1 will stand 26 storeys and include 258 units.
Tacc Group close to winning battle to build Greenbelt homes
Almost 20 years after taking the province to court, pushing to change local zoning rules, Silvio De Gasperis of the Tacc Group of companies may now finally be set to cash in on his multi-million-dollar Greenbelt development gamble.
Ontario should act to stop ClubLink's Kanata development
OPINION: Now may be a good time to readdress ClubLink’s determined efforts to convert the 175 acres of open space of the Kanata Golf and Country Club into a development project including high-density to single-family housing.
Summit unitholders set to vote on $5.9B takeover
Summit Industrial Income REIT (SMU-UN-T) unitholders are set to meet on Dec. 16 in Toronto to vote on the acquisition proposal by Singapore-based investment manager GIC and Dream Industrial REIT (DIR-UN-T) for $5.9 billion Cdn.
Prescription offered for dealing with P3 sector upheaval
Public-private partnerships in Canada are now 30 years old and have reached a crossroads, delegates attending the Nov. 21 Canadian Council for Public-Private Partnerships (CCPPP) conference heard from CCPPP president and CEO Lisa Mitchell.
TAF study shows hurdles of reducing GTHA emissions
A 2021 regional inventory from The Atmospheric Fund (TAF) has revealed an increase in carbon emissions across all regions in the Greater Toronto and Hamilton Area (GTHA), demonstrating the challenge of decarbonizing cities.
GoodGood ceases operations, shutters retail spaces
Unique Toronto-based local commerce retailer and foodservice business GoodGood has ceased operations and shut its six retail spaces, including its flagship store at 410 Adelaide St. W., citing business challenges in this economic climate.
Couche-Tard earnings rise on gas sales in Q2
Canadian convenience store giant Alimentation Couche-Tard (ATD-T) reported earnings for the second quarter ended Oct. 9 were up 16.6 per cent. Net earnings for the quarter were $810.4 million, or 79 cents per diluted share.
Brookfield sells Nashville mixed-use to Northwood
Brookfield Properties has sold Fifth + Broadway, a new 6.2-acre mixed-use, open-air centre in downtown Nashville, to Northwood Investors. The project includes 250,000 square feet of retail and entertainment and 367,000 square feet of class-A office space.
Tech layoffs could worsen Boston's struggling office market
In the Boston area, the new wave of big tech layoffs headlined by Amazon, Meta and Twitter — three companies with large office footprints in the city — could serve as another blow to an already weakening office market.
Twitter may close one of three U.S. data centres
Twitter may close one of its three U.S. data centres, part of a sweeping set of digital infrastructure cuts reportedly being considered by Elon Musk following his $44B purchase of the social media giant.
Flagship acquires Ohio MHC for US$7.8M
Flagship Communities REIT (MHC-U-T) announced it has agreed to acquire a resort-style manufactured housing community (MHC) in Marblehead, Ohio for approximately US$7.8 million. The Marblehead community is fully occupied, comprising 100 lots.
CREA steps back on home sale listings policy
In the wake of a torrent of negative feedback, the Canadian Real Estate Association (CREA) has suspended its new policy requiring home sellers to list their properties on the Multiple Listing Service (MLS) after just three days of exclusive marketing.
Half of variable mortgage holders have hit trigger rate: BoC
The Bank of Canada estimates half of Canadian homeowners who took out a variable-rate mortgage with fixed payments have already hit their trigger rate, meaning they are no longer paying down any principal on their loan.
New B.C. housing laws would lift rental restrictions in strata
B.C. premier David Eby on Monday announced two pieces of legislation that would remove rental and age restrictions in strata buildings and set affordable housing targets for municipalities, with the promise to overrule those that fail to hit the benchmarks.
New construction home sales down 53% in Toronto region
There are signs the interest rate shock to new construction home sales may already be abating slightly in the Toronto region despite record lows for the month of October, according to the Building Industry and Land Development Association (BILD).
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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