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Q1 CRE transactions plunge 55% in Canada's major markets
Q1 CRE transactions plunge 55% in Canada's major markets
Investment sales dropped over 55 per cent across four major asset classes in Canada’s largest markets in Q1 2024, according to Morguard Corporation’s 2024 Canadian Economic Outlook and Market Fundamentals First Quarter Update.
MPV2 in Brampton delivers townhomes in transit-oriented dev.
Daniels Corporation is developing something not often seen in density-oriented developments these days. Its multi-phase MPV2 Condos in the Greater Toronto Area city of Brampton include over 200 stacked townhomes, along with the more customery multifamily towers.
Markham proposal comprises eight mixed-use buildings
A proposal by Minett Capital, Streamliner Properties, and Kerbel Group to redevelop the Shops on Steeles and 404 community mall comprises eight buildings, bringing together residential, retail, and public spaces. The Arcadis-designed buildings would ranging from eight to 59 storeys.
Industrial and storage properties may be faltering
Two years into the most intense campaign of interest-rate hikes in decades, commercial real estate’s last bastions of support are faltering, with industrial and storage property owners facing a potential oversupply and slowing demand.
General Dynamics plans major Quebec facility expansion
Reston, Va.-headquartered General Dynamics (GD-N) is preparing a major expansion at its Salaberry-de-Valleyfield, Que., factory to replenish stocks of a shell that has proven crucial in the ongoing war in Ukraine. Fifteen buildings are planned on 4.4 acres.
Ottawa looks to purchase prime land at steep discount
City of Ottawa staff are recommending the purchase of the Mary Pitt Centre and 17 acres of land in Nepean, a property worth about $92 million, for $12.2 million from current owner Arnon Corporation.
Bellridge proposes, 40-, 45-storey London towers
Etobicoke-headquartered Bellridge Capital has proposed 40- and 45-storey towers at 267 York St. in downtown London. The towers would add more than 1,000 apartment units across the street from Citi Plaza mall, which Bellridge owns.
Feds add $30M to redevelopment of former Winnipeg HBC
The federal government is providing an additional $30 million to support the redevelopment of the former downtown Winnipeg Hudson’s Bay Co. into a housing and cultural hub for Indigenous people. The federal government has already committed $65 million.
Small-scale retail key to bringing T.O. streets to life
OPINION: Throughout Toronto's older sections, there are remnants of small stores that dotted neighbourhoods. Now many of them have been converted to residential, and new ones aren’t permitted. That may change soon and the city will be better for it.
Windsor betting on new measures to enliven downtown
Windsor City Council is betting safety and security measures, tougher enforcement of property standards and improved homelessness services will be enough to lure tenants and residents back downtown, and rectify the sheer scale of its office space glut.
Kelowna Mountain proponents back in court
Proponents of the planned Kelowna Mountain development are heading back to court. Kelowna Mountain Limited Partnership plans for a sprawling complex including a wine park, wine cave, suspension bridges, ski hill, golf course, amphitheatre and residential development.
The winding debate around B.C. stair restrictions
Since at least 1941 in Canada, longer in some American cities, it’s been the rule that every apartment building has to have two staircases for people to exit in case of a fire. However, things are changing.
Toronto towers need new elevator rules: Experts
Some experts are cautioning that supertall buildings planned for Toronto could come with long elevator wait times unless new rules are passed. And long wait times, they say, can affect quality of life.
Sustainability at the centre of Stok's acquisition of EcoAmmo
The search for a “human-centric acquisition” and sustainable impact across Canada led to the takeover of Edmonton-based EcoAmmo Sustainable Consulting by real estate decarbonization firm Stok, according to EcoAmmo’s founder and president Stephani Carter.
Red Lobster will ask court to enforce bankruptcy in Canada
Days after Red Lobster filed for Chapter 11 bankruptcy and announced it would close dozens of restaurants, the chain's Canadian counterpart will ask the Ontario Superior Court of Justice on May 28 to have the U.S. bankruptcy enforced in Canada.
HSBC unveils new U.S. HQ in Hudson Yards
HSBC announced the inauguration of its new U.S. headquarters at The Spiral, a renowned office building in New York City’s Hudson Yards neighbourhood, marking its largest U.S. relocation to date.
U.S. office distress risks rising
The latest CommercialEdge report shows many markets face potential distress due to declining debt service coverage ratios and stagnant office demand.
Over $2.6B laundered through U.S. CRE: Report
At least $2.6 billion of illicit or suspicious funds were invested in commercial real estate across the United States over the past 20 years, according to a new report by a network of anti-corruption advocacy organizations.
U.S. malls bounce back from the pandemic
If doomsday post-pandemic predictions of malls and physical retail driving down a one-way road to oblivion were to be believed, Cafaro co-president Anthony Cafaro shouldn't have a business, let alone return from ICSC RECon in Las Vegas full of confidence.
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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