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Hershey to reacquire Ont. facility from Canopy Growth
Hershey to reacquire Ont. facility from Canopy Growth
Cannabis company Canopy Growth (WEED-T) says it has an agreement to sell its Hershey Drive facility in the town of Smiths Falls, Ont., back to chocolate maker Hershey Canada Inc. for approximately $53 million.
GTA high-rise development land transactions plunge in Q2
Transactions for high-density development land in the Greater Toronto Area (GTA) continue to plummet, according to the Q2 - 2023 GTA High Rise Land Insights Report from Bullpen Research & Consulting Inc., and Batory Management.
Ford JV to build $1.2B EV battery materials facility in Quebec
Ford Motor Company (F-N) and South Korean battery companies SK On and EcoProBM will invest $1.2 billion to build a cathode manufacturing facility in Bécancour, Que. that will supply Ford with battery materials for its electric vehicles (EVs).
Highlight Motor Group breaks ground on $250M facility
Highlight Motor Group recently broke ground on a $250-million, million-square-foot transportation and storage facility in Bradford West Gwillimbury, Ont. The site will house the headquarters, office and warehouse space, a yard for tractor trailers and a repair shop.
Caisse's office holdings affected by mobile work
The Caisse de dépôt et placement du Québec posted a 4.2% return for the first half of 2023. However, its office real estate holdings were affected by a significant shift to mobile work, offset by investments in the logistics sector.
OMERS real estate arm suffers 0.2 per cent loss
Ontario Municipal Employees Retirement System (OMERS) posted a 0.2 per cent loss in its real estate division during the first half of 2023 while its other asset classes were all up, including a 5.9 per cent gain on public stock.
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Ottawa committee OK's Taggart apartment towers
The City of Ottawa’s planning and housing and development committee has approved Taggart Realty Management's proposal for 16- and 27-storey residential towers at 1081 Carling Ave. The Fotenn Planning + Design towers would comprirse 410 units.
Canadians keep the faith in real estate and homeownership
RESIDENTIAL LANDSCAPE COLUMN: The first extensive study on the confidence levels of 2,000 Canadians between the ages of 18 and 77 in the Vancouver, Calgary, Toronto and Montreal Census Metropolitan Areas reported high levels of confidence across the generations.
Accelerating deep retrofits critical to hit net-zero goal
BUILDING IMPACT COLUMN: As the planet records record-high temperatures, decarbonizing and reaching net-zero becomes an urgent task for the Canadian real estate sector.
Commercial real estate with a community mandate
Community Impact Real Estate Society’s property portfolio consists of 115,000 square feet of commercial real estate space, predominantly in Vancouver’s downtown core. Exactly 45 per cent of the portfolio is leased to for-profit businesses such as LifeLabs Medical Laboratory Services.
Top industrial, water treatment projects
The accompanying tables show the Top-10 upcoming industrial and water treatment construction projects in Canada. They are all in the planning stage and are mainly new projects, but may also involve additions and/or alterations.
SL Green’s credit rating downgraded again by Fitch
Fitch Ratings lowered its rating on SL Green's corporate debt, citing the New York City office giant's dipping ratio of unencumbered assets to unsecured debt. The agency downgraded the office landlord’s issuer default rating to BB+ from BBB-.
Hines Trust buys 700K-sq.-ft. Columbus industrial
Hines Global Income Trust Inc., a public, non-listed REIT sponsored by Hines, has acquired I-70 Logistics Center, a 700,000-square-foot industrial asset in Columbus, Ohio. The distribution centre is 100 per cent leased to a third-party logistics provider.
Norway wealth fund CEO ‘staying put’ in CRE
Norway’s $1.4 trillion sovereign wealth fund isn’t budging in its view on commercial real estate even as soaring borrowing costs and falling values ravage the sector, chief executive officer Nicolai Tangen said.
Office landlord Dexus swings to first loss in 14 years
Australia's Dexus swung to its first net loss since 2009 as higher interest rates wiped nearly $1.045 billion Cdn off the value of its property portfolio, but said it would not be a forced seller of real estate.
Hamilton aims to axe urban build parking requirements
Hamilton will ask the public for feedback on a plan to axe or reduce parking requirements for residential developments as part of a strategy to cut automobile emissions, boost transit and encourage more compact development to limit urban sprawl.
Toronto’s most affordable neighbourhoods for condos
New analysis from Zoocasa, using median July condo prices from the Toronto Regional Real Estate Board, shows there’s plenty of variation within the city, and some pockets where condos are hundreds of thousands of dollars cheaper than the average.
Mortgage holders opting for shorter terms amid high rates
More Canadian homeowners have opted for shorter-term mortgages in recent months, according to a new report, setting the stage for a large and potentially dangerous wave of renewals in a couple of years.
Lower Mainland housing sales cool in July
The Lower Mainland housing market cooled in July as further interest rate hikes pushed more buyers to the sidelines, affordability further deteriorated and buyer confidence sank. MLS sales in the region sank to 3,765 units in July.
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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