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Anthem's D'Arcy Crossing employs tried, true development strategy
Anthem's D'Arcy Crossing employs tried, true dev. strategy
D’Arcy Crossing, a 150,000-square-foot mixed-use shopping centre at the northern gateway to the Town of Okotoks just south of Calgary, has been designed as a needs-based shopping destination for the area's burgeoning population.
Slate Grocery REIT rides strong retail sub-sector to a solid Q2
Slate Grocery REIT (SGR-UN-T) saw its Q2 2023 net operating income increase 22.4 per cent year-over-year and set a record for leasing, as the grocery-anchored retail sector continues to be a top performer.
Record room rates attract hotel investors: Colliers
Record-high rates and revenue are attracting investor interest in Western Canada’s hotels. The region saw $431 million worth of assets trade in the first half of 2023, or 41% of Canada's total, according to Colliers' second-quarter hotel sector review.
 | Design, Policy and Canadian Cities Double standards: Taking away balconies, while protecting backyardsNaama BlonderArchitect, Urban Designer, Urban Planner | B.Arch, OAA, RPP, MCIP |
Amazon has invested over $25B in Canada since 2010: SVP
VIDEO: John Felton, senior vice-president of worldwide operations at Amazon, joins BNN Bloomberg to give a behind-the-scenes look at Amazon's global operations and how the company is thinking about its investments in Canada.
Star Building Supplies expanding Balzac operation
Star Building Supplies — a Qualico company — is investing $53 million on an 18-acre parcel of land in the industrial area of Balzac, Alta., by building a 25,000-square-foot, two-storey office and two manufacturing plants totalling 96,000 square feet.
 | Colliers Canada Brokerage Winnipeg industrial: The next investment frontierWinnipeg's industrial landscape is becoming a top choice for institutional investors to help meet the need of modern industrial space for the booming market. Sponsored by: Colliers Canada Brokerage |
Builder of troubled Langford rental files for bankruptcy
DB Services of Victoria Inc. — builder of the 11-storey, 90-unit RidgeView Place in Langford, B.C. — has filed for bankruptcy and said in a statement of its affairs that 150 creditors are owed more than $51 million.
Canadian Tire reports profit, revenue drop in Q2
Canadian Tire Corp. Ltd. (CTC-T) has withdrawn its previous three-year forecast for its financial performance, as inflation has dampened consumer spending and put pressure on retail sales. The Toronto-based retailer Thursday reported declines in both revenue and profit in Q2.
IKEA's Scarborough Town Centre store to open Aug. 23
IKEA Canada will open its IKEA Scarborough Town Centre store on Aug. 23. The 80,611-square-foot location represents the second small store format IKEA Canada has introduced after opening the IKEA Toronto Downtown - Aura store last year.
Blackstone, KKR mortgage REITs not writing new loans
Major mortgage REITs are pulling back from lending due to the difficult climate for the real estate industry, with Blackstone Mortgage Trust and KKR Real Estate Financial Trust originating no loans to new borrowers during the first half of 2023.
Bankruptcy a blessing for shopping centre REITs
Early in the second quarter, Bed Bath & Beyond went bankrupt and began closing its 480 remaining stores. By Q2’s end, U.S. retail REITs had already signed several leases to backfill those locations — with rent increases of 20% or greater.
Office improvement packages left cash flows thin
As offices started transforming in the mid-2010s to resemble mid-century styled hotels, the real estate team at Prudential had an epiphany. All the cash landlords were giving tenants to build out pricey spaces was eating into the bottom line.
WeWork’s struggles bad news for NYC’s office market
WeWork’s warning on Tuesday that there’s “substantial doubt” the firm will be able to stay in business is another potential blow for landlords and lenders. The co-working company occupies more than 6.8 million square feet of real estate in Manhattan.
Canadians remain among top foreign buyers of U.S. residential
While American citizens, like all foreigners, are currently banned from buying homes in Canada for two years, Canadians have become the second-largest buyer of residential properties in the United States.
Correction is far from over: Oxford Economics
VIDEO: Tony Stillo, director of economics for Canada at Oxford Economics, believes Canadian house prices will fall another 10 per cent by early next year, but says home ownership will likely not return to an affordable range until 2027.
Immigration could be good for housing affordability
OPINION: One way to deal with the housing affordability crisis in Canada is to find ways to boost national income. From that perspective, Canada's aggressive immigration policy could very well end up carrying with it more benefits than costs.
Okanagan real estate market cools in July
The Okanagan’s residential real estate market sales activity tapered off slightly month-over-month in July - from 1,656 residential unit sales to 1,337 - according to the Association of Interior Realtors.
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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