Wesmont brings strata industrial to space-hungry B.C. markets

RENX  Commercial  •  Industrial, Homes  •  Metro Vancouver, British Columbia

A prime 5.13-acre greenfield site in Langley, B.C. will finally be developed after being acquired last year by a local man who operated a business beside it for decades.

T.O. to disclose Oxford, CT REIT Canada Square lease

Residential, Commercial  •  Toronto Star  •  RENX

Toronto city council has agreed to publicly release the confidential 200-year lease agreement with Oxford Properties Group and CT REIT, which plan a $2.5-billion makeover of Canada Square on the southwest corner of Yonge Street and Eglinton Avenue West.

Saskatchewan CRE markets stable despite pandemic

RENX  Commercial  •  Industrial, Office, Retail  •  Saskatchewan

Despite a year of pandemic disruption, Saskatchewan’s office and retail vacancy and lease rates have remained relatively stable, attendees at the 2021 Saskatchewan Real Estate Forum heard on May 6.

Google building first Canadian data centre in Quebec

Commercial  •  La Presse

Google (GOOGL-Q) announced Monday morning its intention to acquire land in Beauharnois, Que., owned by Hydro-Quebec with the goal of building its first data centre in Canada. The $735-million venture will employ 300 to 500 construction workers.

Developer pulls plug on 20-storey Barrie condo project

Residential  •  CTV

Advance Tech Developments has shelved a 20-storey, 208-unit condominium development meant to redefine luxury in downtown Barrie. Advance president Joseph Santos and its financial partner blamed the pandemic and several lockdowns for disappointing sales.

Triumph REIT founder discusses growth plans

Commercial  •  Calgary’s Business

VIDEO: Mario Toneguzzi’s guest on 5 Questions: David Wallach, president/founder of the Triumph Real Estate Investment Trust, discusses the growth plans for the REIT.

The Property Law Hub › Long-overdue changes will greatly simplify Ontario land-use planning

Daniel Waldman: Lawyer, Pallett Valo LLP

Office demand will roar back as restrictions end: Cooper

Commercial  •  Bloomberg  •  RENX  •  Investing.com

Michael Cooper, chair and CEO of Dream Office REIT (D-UN-T), said pandemic restrictions have made finding new tenants a major challenge, but he expects to see a surge in leasing activity once emergency measures are lifted.

The hybrid workplace is here to stay

Commercial  •  Globe and Mail (Sub. required)

In the post-pandemic future, there are many questions surrounding what the workplace will look like. With such variability regarding readiness for, and openness to, co-locating with colleagues, there’s no doubt we will need to employ a remote-first and hybrid approach.

A vision for Toronto’s post-COVID recovery

Residential, Commercial  •  Toronto Star

OPINION: At the end of 2019, Toronto was flying high, having roared back from the 2008-’10 recession, and its international reputation as one of the best places in the world to live, visit and do business was growing.

It will take years for Ottawa, Montreal airports to recover

Commercial  •  Montreal Gazette  •  Ottawa Business Journal

Passenger traffic at Montreal’s Montreal-Trudeau International Airport is unlikely to reach pre-pandemic levels for at least three years, forcing much-needed runway modernization work to be pushed out into the future. First-quarter revenue plunged 74 per cent year-over-year to $39.1 million.

SERIES: Canada’s grocery leaders predict ‘new normal’

Commercial  •  Canadian Grocer: Part II  •  Canadian Grocer: Part I

Though it’s starting to feel like brighter days are coming sooner rather than later, there’s no denying this has been a long pandemic. And these 13 months (and counting) have been extraordinary for the grocery industry on many levels.

Bitcoin is changing real estate transactions in 2021

Residential  •  Canadian Real Estate Wealth.

If you have a large stash Bitcoin, you could sacrifice a few coins and get a great deal on a real estate investment. Since Bitcoin has been hovering around the $55,000 mark, you could spend 12.7 in Bitcoin and get a $700,000 house.

Amazon to bring robotics facility to Louisiana

Commercial  •  CP Executive  •  RENX

On the heels of revealing its first robotics fulfillment centre in Central Virginia, the e-commerce giant has announced plans for another facility in Shreveport, La. The $200-million, 650,000-square-foot development will create more than 1,000 new full-time jobs and 800 construction jobs.

The hottest commodity in U.S. restaurants – drive-thrus

Commercial  •  Bisnow

Drive-thrus were the life raft that kept many fast-casual and quick-service restaurant chains afloat during the most difficult days of the coronavirus pandemic. Traditional dine-in restaurants are also pivoting to incorporate drive-thru accessibility into their models, according to retail experts.

AMC jumps on upbeat reopening outlook

Commercial  •  Toronto Star

Shares of AMC Entertainment Holdings Inc. (AMC) jumped Friday after the movie theatre company provided an upbeat outlook for the rest of the year due to the pandemic reopening, even as the company reported another quarter of big losses.

RE/MAX execs call for more bidding transparency

Residential  •  Globe and Mail (Sub. required)  •  Canada Newswire  •  Montreal Gazette

RE/MAX Canada’s two top executives – Christopher Alexander and Elton Ash – are calling for more transparency in the home bidding process and say homebuyers should be allowed to know what their competition is offering.

Housing markets self-corrected in April

Residential  •  Financial Post  •  Financial Post

Although some observers believe only sizable regulatory interventions by governments can put brakes on a runaway housing market, moderating sales and average prices during April in numerous markets across Canada suggest some stability has been restored without any such intervention.

Road blocks for house movers and heritage advocates

Residential  •  Globe and Mail (Sub. required)

Most people accept recycling as a necessary part of their routine. And yet, last year alone about 4,000 houses were demolished in the Vancouver region and an estimated 80 per cent of them had at least 50 years of life left in them.

Cricket Property Management ordered to cease operations

Residential  •  Canada Newswire

The Office of the Superintendent of Real Estate has issued an order to freeze property and an order in urgent circumstances to immediately cease providing rental property management services against Cricket Property Management Inc. and Cricket Property Management (BC) Inc.