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Listings up, sales down in slow GTA high-density land market: Myers
Listings up, sales down in slow GTA high-density land market
The Greater Toronto Area (GTA) condo market has softened considerably since April 2022, especially during the past six months. Bullpen Research & Consulting Inc. president and owner Ben Myers thinks the situation could worsen before it improves.
Equiton surpasses $1B in assets under management
Equiton has surpassed $1 billion in assets under management and expects to continue growing that portfolio through its mixed strategies of acquisitions, value-add and development.
KingSett CEO sets sights on ‘mispriced’ market
KingSett Capital CEO Rob Kumer sees a buying opportunity as global financial markets grapple with CRE turmoil. The current angst about how much office buildings are worth overlooks the healthy income the good properties are still bringing in, he says.
 | CRE Matters Space race: Competition is on to fill new, pricey offices amid higher vacancy, subleasingRob PurdyExecutive Director, Colliers Canada’s Valuation and Advisory Services |
BGO finishes all-electric, net-zero spec industrial building
BGO has completed construction on Ontario’s first all-electric, net-zero carbon speculative industrial building at 6750 Fifth Line in Milton, Ont. The company said in a release the building offsets all of its greenhouse gas emissions.
Fortinet establishing cybersecurity hub in Calgary
Major international cybersecurity player Fortinet is expanding its footprint in downtown Calgary with a new $30-million datacentre. Fortinet expects to add an estimated 85 permanent and 80 temporary jobs in addition to the company’s 50 positions in Alberta.
Where Vancouver and B.C.'s CRE, RE markets are headed
Coming by 2050: A network of high-density shopping-mall villages/town centres — neo-downtowns complete with apartments, hotels, art galleries, public plazas, offices, pop-up stores and community festivals — are studded across the landscape, all connected by Metro Vancouver’s octopus-armed SkyTrain system.
B.C. buys lot for Uptown-Douglas transit exchange
B.C. has acquired a nearly half-acre lot at 3657 Harriet Rd. in Victoria for $7.5 million for an eventual transit exchange in the Uptown-Douglas area. The purchase price was $4.2 million above the assessed value of the property.
B.C.'s short-term rental rules could boost hotel prices
New legislation aiming to reduce short-term rental housing in about 65 communities across B.C. where vacancy rates for long-term residential rental housing is very tight, could push up hotel prices in late May, June, July and August.
Mississauga must decide whether to be a city or a suburb
OPINION: As Ontario’s third-largest city turns 50, Mississauga faces a choice between two futures: forge ahead to truly become a city — with transit, mixed housing and a vibrant arts scene — or remain a sprawling community totally reliant on the car.
Roxy Cabaret sues Bonnis for forced closure in 2022
Venerable Vancouver nightclub Roxy Cabaret is suing large Granville Street land owner Bonnis Properties, for work Bonnis allegedly initiated that caused damage to the Roxy Cabaret's building, forcing the venue to close for six weeks in spring 2022.
GCPC wins $729M contract for new Olympic Stadium roof
The Groupe Construction Pomerleau-Canam (GCPC) has been hired to dismantle and reconstruct the roof and technical ring of Montreal's Olympic Stadium. The Olympic Park signed a $729-million contract with GCPC Feb. 23, taxes not included.
Six-storey mixed-use coming to Wpg.'s Osborne Village
Sharfe Developments' Osborne Terraces, a six-storey mixed-use development, expects to wrap up construction in July and open in August, injecting 90 residential suites and more than 7,000 square feet of ground-level commercial space into Winnipeg's Osborne strip.
ANALYSIS: Vancouver high-rises home to few kids
Hgh-rise living for families is an essential part of the housing picture. However, Simon Fraser University City Program director Andy Yan found only 15 per cent of Vancouver children under the age of 14 are living in five-storey-plus multifamily buildings.
Home Trust Company alleges Vandyk firm owes $10M
Home Trust Company is alleging Vandyk-Backyard Humberside Limited is in default of a $10 million loan and requested the John Vandyk-owned company be placed under receivership earlier this week.
Choice Hotels abandons $8B bid for Wyndham
Choice Hotels International (CHH-N) has terminated its $8 billion hostile bid for rival Wyndham Hotels & Resorts (WH-N) after failing to gather sufficient support from the target's shareholders, the company said on Monday.
HMV owner considers rescue bid for The Body Shop: Report
Doug Putman, the Canadian businessman who bought HMV out of administration, is exploring a rescue bid for The Body Shop, the Telegraph reported. Putman has contacted The Body Shop’s administrators to express an interest, the report states.
Ghermezians anxiously await World Cup final
The Ghermezians, the Edmonton-based family behind developer Triple Five Group, are keenly aware their $5-billion American Dream mall will be in a global spotlight when the 2026 World Cup final is held across the street at MetLife Stadium.
America's office 'apocalypse' hammers New York City
New York City deli owner Jimmy Yavrodi looks grimly out of the shop that he opened 27 years ago in one of the city's prime business districts. "Everything is empty," he says. "I don't understand it."
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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