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As condo market remains slow, inventory financing grows
As condo market remains slow, inventory financing grows
Canada’s slow condominium market has created increased demand for “inventory financing” from developers looking to unlock trapped equity and speculative investors who acquired multiple units and are waiting for sale or rental prospects to improve.
 | CRE Matters Why office leasing decisions should be driven by 'flight to experience'Matthew JohnsonSenior Vice President, Colliers Canada |
Fastidious work lies ahead of AI advancement for CRE
Artificial intelligence is expected to enable a dramatic leap in the commercial real estate industry’s analytical and predictive capabilities, but a significant amount of fastidious work to wrangle data and train generative models is foreseen before those efficiencies can be achieved.
Melcor Dev. pitches plan to acquire 100% of Melcor REIT
Melcor Developments (MRD-T) proposes to acquire the equity interest in Melcor REIT LP (MR-UN-T) which it does not already own, for $4.95 per share in cash. Melcor and its entities currently control about 55 per cent of REIT units.
Could private capital revitalize Toronto’s office market?
The sale of 77 Peter St. a brick and beam office building in the heart of downtown Toronto last month, might be quickly greeted as a salve for the much-maligned office sector.
'New downtown energy': Block office tower opens in Kelowna
Mission Group’s latest completed project has opened - offering 125,000 sq. ft. of commercial space downtown Kelowna. The Offices at the Block Tower (1499 St. Paul St.) are part of a three-phase development which includes the Brooklyn and Bertram Condos.
Lethbridge market booming as investment gains pace
The largest capital investment in the history of McCain Foods is attracting new businesses and residents to Lethbridge, but the city’s industrial and office markets continue to chart their own course as conditions normalize after four years of upheaval.
Ottawa public servants returning to pest-ridden buildings
Public servants are returning to their offices more regularly starting this week, joining a variety of critters that have made the buildings their home. The federal government received 369 pest-related service calls in the past four months.
Don Mills office complex hit with receivership over $60M debt
According to recent court filings, a North York property owned by Visionary Holdings Inc., a NASDAQ-listed education, real estate and tech investment company, was placed under receivership in late-August after being linked to mortgage loan debts nearing $60M.
Edmonton to approve automated development permits
The City of Edmonton is introducing an auto review process for housing development permits in the city. The new digital tool will allow people to apply for a development permit and begin building on the same day.
Vancouver’s new head planner has a massive job ahead
Josh White’s face remains expressionless when I ask how he’ll deal with a city where the last two heads of planning left after they were perceived by influential developers and, their political masters, as not getting things done fast enough.
Ontario to build $26M construction worker training centre
Ontario is moving to expand the province’s construction workforce. The provincial government is investing $26 million to build a new training centre at Laborers' International Union of North America (LiUNA) 183’s skilled trades training campus in Vaughan.
Equiton plans new release at Guelph's Marquis Modern Towns
Location is, indeed, everything in real estate. That’s why Equiton Development has chosen Guelph as the home of Marquis Modern Towns, where it’s unveiling 40 new lots this weekend as part of a 96-unit, upscale stacked townhouse project.
Challenges for plan to turn 5 London parking lots into res
As the city grapples with a housing shortage, London city councillors will be asked next week to kickstart the process of redeveloping five municipal parking lots into high-density residential units and public parking.
Canada is getting poorer when compared to wealthy peers
Canada is among the richest countries in the world — but when compared to peer countries like Australia, New Zealand and the United Kingdom, it isn't as rich as it once was.
Seven & I designated 'core' for Japan; potential buyout hurdle
The Japanese government added Seven & i Holdings Co. to a list of “core” designated companies, a potential hurdle for Alimentation Couche-Tard Inc.’s (ADT-T) proposal to buy the convenience-store operator.
Manulife-backed Serverfarm buys 2 U.S. data centre campuses
Serverfarm has acquired two Houston-area data centres. The Manulife Investment Management-owned company announced the acquisition this week, marking its entry into the Texas market. The sites total 250 acres and over 500MW; both have on-site substations with available capacity.
Goldman likes the commercial real estate debt that others fear
A wall of debt, a financing crunch and plummeting building values are looming over commercial real estate in the U.S., menacing investors and banks, but Goldman Sachs Asset Management is a buyer.
Why interest rate cuts may not be a cure-all for what ails CRE lending
As investors anxiously await the Federal Reserve's move next week, fund strategists, heads of investment firms and bank executives are girding for an economic slowdown if not an outright recession.
Life sciences developers don’t see oversupply ending soon
The life sciences market is still reeling from a bout of severe whiplash after a boom in development and funding in the early days of the pandemic ground to a halt in 2022.
Industry Events
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Quebec City Real Estate Forum
Oct 16 2024
Quebec City Convention Centre
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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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