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Hyatt plans to double Canadian hotels by 2026
Hyatt plans to double Canadian hotels by 2026
Hyatt Hotels Corporation is positioned to more than double its brand footprint in Canada, with 23 new locations expected to be operating by the end of 2026.
185 acres of industrial lands for sale in Calgary
A private Calgary family, owners of JEC Enterprises, is selling a total of 185 acres of fully serviced industrial land within the City of Calgary it acquired over 25 years ago. Parcels for sale range from 2.5 to 4.5 acres.
Take-private moves wipe billions off TSX
The number of companies leaving Canada’s public markets has exceeded new ones joining. Summit Industrial Income REIT, valued at US$4.2 billion, and Home Capital Group, at US$4.1B were the two largest Canadian take-private deals this year.
Kumer to succeed Love as CEO at KingSett Capital
KingSett Capital Inc. has announced founder and CEO Jon Love will transition to executive chair of the firm and that Rob Kumer will take over as CEO on Jan. 1, 2024.
Espace Quantique 1 inaugurated in Quebec
Friday marked the inauguration of Espace Quantique 1 and its Quantum Technology Development Laboratory in Sherbrooke's Quantum Innovation Zone. Espace Quantique 1 is a 50,000-square-foot space entirely dedicated to the quantum technology industry.
Bell Centre taxes drop for fifth consecutive year
The Bell Centre continues to escape the fate of almost all Montreal buildings; its tax bill will drop for the fifth consecutive year in 2024. The municipal assessment for the Montreal Canadiens' home has decreased approximately 40% since 2011.
All infrastructure in place for REM: CDPQ Infra
“All the infrastructure is built and the stations are finalized” on the 51 kilometres of the Réseau express métropolitain (REM) to be inaugurated by the end of 2024, according light rail manager CDPQ Infra.
Work resumes on MarshallZehr's London mixed-use
Phase 1 of Waterloo-based lender MarshallZehr and Aura Development's Sunningdale Heights mixed-use community is nearing completion. The first phase includes a five-storey, mixed-use building with 107 rental apartments, nine rental townhouses and 15,000 square feet of ground-floor commercial space.
B.C. densification threatens to squeeze out small businesses
B.C.’s push to clear the path for additional housing at greater densities could end up pushing out many small neighbourhood businesses as upzoning upends their viability, said Paul Sullivan, principal/regional leader in the Vancouver office of property tax.
Retailers talk bridging the trust gap at GroceryConnex
At GroceryConnex 23 held at the Fairmont Royal York in Toronto, executives at Longo’s, Walmart Canada and Pattison Food Group discussed the importance of showing up for shoppers and suppliers as the industry grapples with new challenges.
Metro opens 105th Super C store
Metro has opened the doors to its 105th Super C store. Located at 85 Rue Wellington in Coaticook, Que., the 16,000-square-foot store represents a $5.5 million investment in the discount banner.
Discretionary retail spending remains low: Analysis
Canadian retail sales grew 2.4% year-over-year in September as they continue on a path of slight growth. However, All Stores Less Automotive, Food, and Pharmacies were down one per cent as discretionary spending continues to decline.
McDonald’s Canada founder George Cohon dead at 86
Canadian businessman George Cohon, who founded McDonald's Canada and helped open the fast-food company's first franchise in the Soviet Union, has died, his family said on social media. He was 86.
Banks face more credit losses amid mortgage renewal crunch
Credit losses and expense controls will be closely watched when Canada’s big banks roll out fourth-quarter earnings, results that come as households and businesses contend with higher interest rates and the economic outlook casts a cloud over revenue growth expectations.
Hamilton unanimously endorses reversal of urban expansion
Hamilton council was already on record saying boundary expansions were not needed to meet housing targets – with one councillor even calling on the RCMP to investigate the decision-making process – and made it doubly official with the unanimous vote.
Edmontonians facing 7% property tax hike
Property taxes and the cost of living in Edmonton are in the spotlight again as city council dives deep into next year's budget. A 7.09 per cent tax rate hike on the table for 2024.
Empty Bed Bath & Beyond stores are hot real estate
When Sears, Toys “R” Us and Circuit City filed for bankruptcy in recent years, it was an opportunity for other retailers to move into their old storefronts. Now, retailers are pouncing on empty Bed Bath & Beyond stores.
How COVID impacted CRE
While some commercial real industry sectors were beneficiaries of this phenomenon (think logistics and cold storage), some continue to reel from the pandemic’s wrath. And in that process, underwriting has undergone changes as well.
CRE risk is rising in Ireland, bank warns
The risks to Ireland’s economy are rising and starting to become more visible, the central bank warned as CRE prices continue to slump. “There are significant risks to the outlook, including increases in financial distress,” Governor Gabriel Makhlouf said Thursday.
India's RMZ to invest $7B to expand real estate business
Indian office owner RMZ Corp said it will invest $7 billion US to diversify into four new segments, in a bid to more than double the value of its rent-yielding real estate assets to $40 billion by 2029.
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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