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Altus' downtown Montreal 'worst-case' office scenario: 33.7% vacancy
Altus' downtown Montreal 'worst-case' office vacancy: 33.7%
Downtown Montreal’s office availability rate could reach as high as 33.7 per cent by 2028 if a worst-case scenario comes to fruition, according to updated data from Altus Group.
Starlight to start building over 3,000 apartments by 2025
Starlight Developments has joined a list of developers moving forward with new apartment projects, which had been on hold or faced cancellation, following the Canadian government’s pledge to eliminate the GST from purpose-built rental construction.
OSFI increases scrutiny on CRE lending
The Office of the Superintendent of Financial Institutions (OSFI) is increasing scrutiny on how Canada’s largest financial institutions are managing their commercial real estate portfolios amid rising interest rates that are creating vulnerabilities in the sector.
 | Design, Policy and Canadian Cities Planning policies can have good intentions, but unsatisfactory outcomesNaama BlonderArchitect, Urban Designer, Urban Planner | B.Arch, OAA, RPP, MCIP |
Allied proposes million-sq.-ft. mixed-use in Montreal
Allied Properties REIT has proposed a one-million-square-foot development of “mostly” offices, along with restaurants, bars and shops between St-Patrick, Richardson, De Montmorency and Shearer streets in the Sud-Ouest borough of Montreal.
Jericho Lands advocates see tradeoff of towers, green space
ANALYSIS: Within a few scant months, the park-like setting that is Vancouver’s Jericho Lands will be one step closer to becoming a master-planned community, developed in a joint venture partnership between MST Development Corp., and Canada Lands Co.
B.C. cities embrace urban reserve F.N. partnerships
Cities and First Nations in northeast B.C. are embracing the creation of urban reserves within existing municipal boundaries. An urban reserve is when land in or near a municipality is converted into reserve land, as recognized by the federal Crown.
B.C. construction sector taps $10M to ease worker shortages
The B.C. Construction Association has distributed $10 million to small and medium-sized employers in the construction business through its Apprenticeship Services program. The program is funded by the federal government.
PSP Investments beats transition asset goal by 3 years
PSP Investments announced it has exceeded its 2026 target for transition asset investment, representing a critical step as it ramps up efforts to meet its short- and long-term net-zero goals.
Ottawa's Bayshore Shopping Centre adding tenants
Bayshore Shopping Centre has firmly established itself as a retail fashion shopping destination within Ottawa with the addition of a number of new retailers in the past year, more to come in the near future, and plans to densify the property.
Chair invested over $1M in Automotive Properties
Between Sept. 7-25, chair of the board Kap Dilawri invested over $1 million in units of Automotive Properties REIT (APR-UN-T). He acquired a total of 101,000 units at an average cost per unit of approximately $10.37.
Dream Industrial, Boardwalk top picks: Vision Capital
Dream Industrial REIT (DIR-UN-T) is focused on owning primarily distribution and logistics assets across Canada and Europe. Boardwalk (BEI-UN-T), the second-largest publicly traded apartment REIT in Canada, owns over 33,900 suites with its largest markets of Edmonton, Calgary and Montreal.
Mission’s Alma on Abbott follows one trend, bucks another
Mission Group’s six-storey condominium community in Kelowna, B.C., Alma on Abbott, is following one significant trend and bucking another according to its developer.
Ontario government had targeted more Greenbelt sites
The Ontario government’s now-cancelled bid to open up parts of the province’s environmentally protected Greenbelt to development was more ambitious than previously known, documents show.
Toronto staff want more six-storey apartment buildings
On Thursday, Toronto’s planning and housing committee approved opening public consultations on proposed zoning changes that would permit buildings up to six storeys and 30 units in neighbourhoods zoned for residential.
How other global cities have made rentals affordable
Toronto’s rental market has hit eye-watering highs in recent years. From Seoul’s rent-free rental scheme to Singapore’s 99-year leases, these other cities offer insights on how to tackle the issue of affordable housing.
QuadReal now owns 100% of 20K U.S. student housing beds
QuadReal Property Group acquired the remaining 50% of a portfolio of about 20,000 student housing beds from CA Ventures. QuadReal, which has $74B in assets under management, already owned the other 50% of the 42 U.S. student housing properties.
U.K. fund manager establishes $827M housing REIT
U.K. fund manager Moorfield Group this week established MREIT, aimed at buying new and existing single-family homes and student houses to let out. The private equity firm also aims to buy properties the nation’s biggest developers are struggling to sell.
KKR sells over $560M of U.S. industrial real estate
KKR has completed the sale of over five million square-feet of U.S. industrial warehouse and distribution properties for a total aggregate value of over $560 million. The dispositions were completed through five discrete transactions with five separate buyers.
Blackstone’s $67B fund sees withdrawal requests decline
Investor requests to pull money out of Blackstone Inc.’s $67 billion real estate trust BREIT eased to the lowest in almost a year. In September, investors sought to pull out $2.1 billion, a 28% month-over-month drop.
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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