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After 2 years of dramatic growth, Montreal Mini-Storage has new focus
After dramatic growth, Montreal Mini-Storage has new focus
Fresh from securing $185 million in revolving credit, Entreposage Montreal Mini-Storage (MMS) plans to focus on organic growth and on facility upgrades, says CEO Simon Berman.
What do tenants, users want? simplydbs digs for answers
In a Canadian commercial real estate market facing bearish conditions across most asset classes, any advantage that can improve asset performance becomes increasingly essential to withstand economic challenges. Enter simplydbs and its suite of occupier data products.
Non-profit acquires 720-unit, $120M Montreal apt. complex
The Corporation Mainbourg, an organization in the Pointe-aux-Trembles borough of Montreal that specializes in affordable housing, is acquiring a 720-unit apartment complex in eastern Montreal for $120-million a deal intended to protect tenants from excessive rent increases.
Calgary office-to-residential conversion nears completion
A $38 million project to convert a Calgary office building to residential is into its final stages. It is one of 13 downtown building conversions aimed at transitioning six million square feet of office space to residential by 2031.
Calgary banking on big downtown development
For more than seven decades, the east end of Calgary’s Beltline, also known as East Victoria Park, has been waiting for its renaissance. Building a new arena for the Calgary Flames could do just that, at least on paper.
What's next for downtowns, with fewer office workers?
Businesses in downtown Calgary are still making do with a relatively thin crowd these days, as the trend of working from home compounds a downtown exodus that began during the 2014 oil price crash. They're not the only ones.
 | The Industrial Real Estate Show The Proptech Scout talks ... proptechChad GriffithsPartner, NAI Commercial |
Saskatoon chamber touts downtown entertainment district
The Greater Saskatoon Chamber of Commerce has released a study, prepared by Praxis Consulting, claiming the proposed entertainment district could deliver over a $1.37-billion boost to the city’s economy.
Winnipeg's Kapyong site construction is set to begin
First Nations leaders say they will begin construction on a massive 168-acre development that will see Winnipeg's former Kapyong Barracks transformed into this country’s largest urban reserve incorporating residential, commercial, educational, cultural, recreational and other community-related facilities.
Four-tower development proposed near Hurontario LRT
An ambitious project is being proposed by Hillside TO Properties Inc. near the Hurontario Street and Steeles Avenue intersection and future Brampton Gateway Terminal that envisions towers of 40, 50, and 60 storeys and a 12-storey mid-rise building.
Demolition underway at Devron's 101 Spadina
Devron Developments has begun demolition on its latest project site, 101 Spadina. Devron’s new 38-storey pre-construction development project located on Toronto’s largest avenue is set to deliver condos and a 10,000-square-foot public park to the downtown core.
Farhi proposes 16-storey residential tower in London
Farhi Developments' proposal for a 16-storey, 325-unit tower at 200 Albert St. will go to the City of London’s planning and environment committee on Monday. The proposal includes 23 studios, 247 one-bedroom, 52 two-bedroom and three three-bedroom units.
The Desi-fication of Ottawa's Merivale Road
When Nisharg Gangwani moved from Regina to Ottawa in 2019 to open an Indian grocery store, he relied on anecdotes raising hopes customers would come in droves, knowing many members of the Indian community were moving from Toronto to Ottawa.
Halifax Convention Centre on track for busiest year yet
The Halifax Convention Centre is on track to have its busiest year yet. This week, it's hosting the Canadian Alliance to End Homelessness, an event that brought in 1,850 people. Next up is the Canadian Cancer Research Conference, which is expected to bring in 500 people.
Higher Ottawa hotel room tax won’t hurt business
The City of Ottawa’s 2024 budget proposes increasing the Municipal Accommodation Tax rate from four per cent to five per cent, effective Jan. 1, 2024. The tax is collected by hotels on all rooms in the city, with proceeds supporting marketing Ottawa as a tourist destination.
B.C. short-term rental restrictions ‘gold standard’: hoteliers
B.C.’s new rules governing short-term rentals set the “gold standard” for other jurisdictions. Ingrid Jarrett, president and CEO of the BC Hotel Assocation said the hotel industry has long wanted a level playing field for hotels and short-term rentals.
Airbnb-backed short-term rental operator shutting down
San Francisco-based short-term rental management company Zeus Living, which manages and rents properties for as short as a month, wrote in an email to its landlords that it is “winding down operations".
Starwood Property Trust income down 75%
Despite a 75 per cent year-over-year drop in third-quarter net income, Starwood Property Trust chairman and CEO Barry Sternlicht said during the company's earnings call on Wednesday now is the time for private investors like Starwood to snap up deals.
Hotel investors on the hunt for property deals
Four out of five investors surveyed by Jones Lang LaSalle Inc. say they plan to be net buyers of hotels over the next 12 months. That’s the highest rate since the commercial real estate firm started polling investors in 2000.
As developers leave hotel projects, cities stepping in
As debt markets seize up, developers increasingly have pulled back from active construction projects, including a handful of hotels near convention centres in major U.S. cities. Local authorities are stepping up as financial backers to ensure the developments are completed.
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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