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Vancouver to need premium office space by 2027: Reliance CEO
Vancouver to need office space by 2027: Reliance CEO
By the time Reliance Properties’ proposed Davie Street mixed condo-office tower completes roughly three years from now in downtown Vancouver, the decision to include several floors of office space is likely to be a good one, says CEO Jon Stovell.
From NIMBY to YIMBY: Prével gets neighbours' buy-in for dev.
Allowing citizens to have their say in a major residential project in Montreal’s West Island helped turn what was a NIMBY development into a YIMBY (Yes in My Backyard) development for one of the city's largest developers.
 | Real Estate by the Numbers Navigating the intricate relationship between real estate and the economyVolodya GusakPresident, Denciti Development |
Metrolinx cancels Mimico TOD deal with VANDYK
South Etobicoke residents face the prospect of even longer delays to the Mimico GO station redevelopment after the project collapsed due to VANDYK Properties' financial and legal problems. In November, Metrolinx quietly terminated its agreement to build a "transit-oriented community."
Opportunities rise to convert downtown Winnipeg offices
Amid Winnipeg’s highest downtown office vacancy rate in history, the prospect of converting currently unused space into residential units is gaining steam. There is more than 1.9 million square feet of unfilled office space in the core, CBRE reports.
CBRE reveals resurgence in Halifax commercial real estate
A new report from CBRE says that after a period of “relatively muted activity,” the industrial space market in Halifax is seeing a resurgence in development, with a record amount of new supply to come onstream this year.
Major grocers expanding discount footprints
Canada’s biggest grocers are investing money and space in discount stores such as No Frills, Food Basics and FreshCo as shoppers look for ways to save on food amid the higher cost of living.
Body Shop Canada files for bankruptcy protection
The head of The Body Shop Canada Ltd. says it’s seeking creditor protection because its parent company stripped its Canadian arm of cash and pushed it into debt. It says it will close 33 stores and halt its e-commerce operations.
CNIB proposes 27-storey mixed-use tower in Calgary
The CNIB Foundation has proposed a potential 27-storey tower with 400 below-market residential units at 10 11A St. N.E. in Calgary's Bridgeland neighbourhood. CNIB has already found a development partner and has begun to make plans.
Industrial factories may be built on London farmland
A massive new industrial development may rise in south London. Dancor Construction bought 100 acres and wants to build on it for two industrial customers. The builder first needs city approval to rezone from agricultural to industrial use.
Sustainable investing firm Genus opens Toronto office
Vancouver-based sustainable investing pioneer Genus Capital Management Inc. is opening an office in Toronto, with the ambition of having its story told more intimately to a larger market. Genus first started a sustainable portfolio in 1994.
Parkland’s top shareholder vows to protect rights
Parkland Corp’s (PKI-T) biggest shareholder, Simpson Oil, will evaluate options to protect its rights after the Canadian fuel retailer advanced its annual meeting, limiting the shareholder’s ability to nominate directors.
Ruling should discourage scrapping purchase agreements
OPINION: A B.C. court decision last month should be a deterrent to condominium developers who might terminate purchase agreements so they can resell the units at higher prices. The court awarded a staggering $13 million to 30 condo buyers.
Leaseholders stuck with big maintenance bills
ANALYSIS: Faced with hefty new expenses for building improvements, owners of leaseholds in privately owned buildings are pleading with B.C.’s provincial government to create legislation that would protect them and mandate transparency around escalating costs.
London approves 8.7% property tax hike
London’s 2024 property tax hike is officially 8.7 per cent and city police are getting the full 28 per cent spending increase they requested after a city council majority refused to even discuss a reduction at Thursday’s budget debate.
Grants in Place of Taxes coming up short in Alberta
Leaders of Alberta municipalities say they continue to be shortchanged by the Grants in Place of Taxes program - the province's attempt to compensate municipalities for lost revenue as properties owned by the Alberta or federal government are exempt from taxes.
Fertitta pays $450M for Houston mixed-use complex
Fertitta Entertainment Inc., the holding company owned by billionaire Tilman Fertitta, has acquired River Oaks District, a 13.9-acre, 663,408-square-foot luxury retail and mixed-use property in Houston’s Uptown/River Oaks corridor.
60% of office vacancies concentrated in 10% of buildings: JLL
A small pool of underperforming office buildings is bearing the brunt of lost occupancy and dragging down absorption data, according to a new analysis by JLL.
Macy’s shares surge after investor group sweetens take-private bid
Macy’s (M-N) shares jumped 16 per cent before the bell on Monday after investors Arkhouse Management and Brigade Capital sweetened their take-private bid over the weekend, valuing the U.S. department store operator at $6.58-billion.
Data centres have 99 problems, but demand isn't one
Data centres are drabby, located on the outskirts of town and easily forgotten. But while those warehouse-style structures may not make your head swivel, they are integral to your “always online” life.
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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