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Making the numbers work: Redevelopment gets tougher in Metro Van.
Making the numbers work: Van. redevelopment gets tougher
Rising construction costs, elevated interest rates and a tangle of government-applied costs and restrictions are making it tougher to redevelop Greater Vancouver properties to higher and better uses.
Three Sixty mixed-use breaks ground in Vancouver
The first project under a new zoning designed to encourage greater density for jobs space has kicked off in Vancouver's Mount Pleasant. Strand's Three Sixty, a 112,000-square-foot mixed-use building combining office and “creative industrial” space, broke ground July 19.
Waiting for the factory building boom in Canada
American manufacturers are building factories at a frenzied pace in the wake of Washington’s most aggressive industrial policy measures in decades, and that is setting a high bar for the Trudeau government’s own ambitions in the sector.
 | The Apartment Building Expert Alberta’s emergence as Canada’s premier apartment marketDerek LoboFounder and CEO , SVN Rock Advisors Inc. |
Incentives needed to convert Edmonton offices: CBRE
CBRE managing director Dave Young would like to see Edmonton offer an incentive or grant program that would encourage developers to take on conversion projects. In Calgary, developers receive $75 for every square foot of converted space.
COVID’s lasting impact on real estate: McKinsey
VIDEO: Robert Palter, senior partner and Canadian office managing partner at McKinsey & Company, discusses the lasting effect the work from home trend has had on real estate across the world. He identifies key trends that have slowed the post-pandemic recoveries.
Orillia votes to allow buildings up to eight storeys
At Monday’s council meeting, city politicians voted in favour of a zoning amendment process that will pre-zone lands in Orillia’s 'living area – intensification' area to the maximum permitted height of eight storeys in its official plan.
Metrontario's proposes Vaughan towers of 29, 26 storeys
The Metrontario Group has reduced the height of one of its proposed residential towers at 784 Centre St. in Vaughan from 29 to 26 storeys. The 26- and 29-storey Rafael + Bigauskas Architects-designed towers would comprise 594 residential units.
Retail market beats recession odds: Colliers
Despite recession predictions, retail continues its strong post-pandemic growth into 2023, says a new report by Colliers. Overall sales rose in every province but B.C., despite shortages in areas such as automotive, said the 2023 Retail Outlook.
Retail sales start to stall: StatsCan
Canadian consumers may be ready to wind down their spending, with retail sales data showing waning momentum at the end of the second quarter, according to an advance estimate from Statistics Canada released Friday.
Pyrowave's microwave tech provides greener cement
After showing off its years of work on microwave-based plastic recycling technology last year, Montreal's Pyrowave has revealed efforts to also utilize microwaves for greener cement production. Pyrowave claims its process cuts carbon emissions by 40 per cent.
Real estate podcasts
Paul Morassutti, CBRE: New directions, CRE Podcast
Jan Kestle, Environics Analytics: Data in real estate, CRE Podcast
Lee Odess, Access Control Executive Brief: Unlocking the world of access control, Tenant Experience Network
Magna to invest $1B to build three Tennessee facilities
Aurora, Ont.-based Magna International Inc. (MG-T) will spend more than $1 billion Cdn in Tennessee to build three factories that will make components for Ford Motor Co.’s (F-N) electric vehicles.
Manulife's Washington office building going to auction
An affiliate of JPMorgan Chase has filed a notice to foreclose on a Washington 12-storey building owned by an affiliate of Manulife Investment Management. The office building at 1850 M St. NW is scheduled for an Aug. 3 auction.
Distressed U.S. offices overtake malls and hotels
About US$24.8 billion of U.S. office buildings were in distress at the end of the second quarter, surpassing previous leading commercial real estate laggards hotels and retail properties, MSCI Real Assets reported Wednesday.
Evergrande creditors can't sell $1.6B tower
Nothing symbolizes the demise of China Evergrande Group like the Hong Kong tower that it bought for a record $1.6 billion. Creditors are still trying to sell the building almost a year after seizing it.
Rate hikes produce uneven impacts on regional RE
Interest rate increases for mortgages are having an impact on Canada’s resale real estate market, but the effects are uneven with different regions experiencing divergent conditions as a result, according to a new report by RBC Economics.
House prices double those of condos in Canada
A Point2 Homes study shows that house prices are more than double the cost of condominiums in 14 Canadian cities, most of which are in Ontario and British Columbia. The data is based on MLS benchmark prices as of May.
Garden suites in Toronto get slow uptake
Garden suites were pitched as a way to expand Toronto’s housing options by building secondary homes on already existing residential properties, but a year after they were made legal in the city, not a single project has been completed.
Waive or defer sales tax on purpose-built rentals: Tal
To help solve the housing crisis, it is time to waive or defer the sales tax developers incur for purpose-built rentals. Currently, developers who rent out the homes they build are deemed to have sold and then repurchased those units.
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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