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CF opens Toronto's 'incredible' 160 Front St. W. office tower
CF opens Toronto’s 'incredible' 160 Front St. W. office tower
Its two primary tenants won’t start moving in for a few months, but Cadillac Fairview’s marquee 47-storey, 1.26-million-square-foot office tower at 160 Front St. W. in downtown Toronto is officially open for business.
Receiverships on the rise as projects stall: CBRE
From one of Canada’s tallest condo towers to bare tracts of land, residential development projects across the country are increasingly being pushed into receivership, says Mike Czestochowski, vice-chair with CBRE’s land services group.
Receivers appointed to last of Vandyk’s projects
The collapse of the Vandyk group of companies appears total now after a court-appointed receiver seeking to recover more than $350 million owed to lenders has been installed on all the significant properties of the troubled builder.
Ottawa committee approves three mixed-use towers
Theberge Homes' proposal that will ultimately see two 24-storey and a 32-storey mixed-use towers constructed has been approved by the City of Ottawa’s planning and housing committee, despite concerns about shadowing on the nearby Central Experimental Farm.
CHBA reports major drop in homebuilder sentiment
The Canadian Home Builders' Association's quarterly Housing Market Index (HMI) of industry sentiment tumbled significantly in Q4 2023, setting a new low of 24.6 in the single-family sector.
High interest rates will continue to hobble construction
A higher policy-setting interest rate, which the Bank of Canada has raised to a 22-year peak, caused investment in building construction to contract by 4.8 per cent in 2022 and a further 13 per cent year-to-date in 2024.
 | Colliers Canada Brokerage How Edmonton landlords are enhancing the office landscapeEdmonton’s office market has remained relatively stagnant at 20.3% vacancy. Although absorption has been slightly positive, this soft market has yet to see the impact of leases executed pre-pandemic that will come due. Sponsored by: Colliers Canada Brokerage |
SRTX unveils 300K-sq.-ft. global HQ in Montreal
SRTX, best known for patent-pending Sheertex Rip-Resist knit, announced the inauguration of its new global headquarters in Montreal. The 300,000-square-foot state-of-the-art facility, now fully vertical, marks a significant milestone in SRTX's unwavering commitment to durability, sustainability and technological innovation.
Township reverses course, offers support to medical park
The township of Oro-Medonte, in Ontario, has reconsidered its position regarding a proposed medical innovation park on Line 7 North. It will now support local developer Molded Precision Components, which wants to build it.
New Playdium location coming to CF Fairview Mall
Cineplex (CGX-T) has unveiled plans to open its latest Playdium location in Toronto. Construction of the new Playdium at CF Fairview Mall is to begin next month, with opening targeted for late 2024.
London approves commercial dev. despite flooding concerns
A London city council committee has voted to allow a McDonald’s in an area prone to heavy flooding. Royal Premier Developments intends to build a 5,000-square-foot multi-use commercial building, along with the fast food restaurant.
19.6% of GTA households fell behind on rent in 2023
The Canada Mortgage and Housing Corp. says its market surveys show the proportion surged to 19.6 per cent in 2023, as individual and family budgets were “challenged by high inflation.”
GTA condo sales at lowest quarterly level in over 12 years
High borrowing costs and persistent affordability concerns weighed heavily on the GTA condo market in Q4, pushing quarterly sales to their lowest level in over 12 years, says the latest Condo Market Report from the Toronto Regional Real Estate Board.
TRREB: Population growth drives rental demand in Q4
The number of condominium apartment rental transactions reported by the Toronto Regional Real Estate Board (TRREB) was up on a year-over-year basis by 12.6 per cent in Q4 2023 to 9,745. Rental listings were up 46 per cent year-over-year.
T.O. mayor lowers budget tax hike to 9.5 per cent
Mayor Olivia Chow plans to boost Torontonians' property tax by a total of 9.5 per cent — down from the 10.5-per-cent hike earlier recommended by city staff. The mayor's proposed tax hike would be the highest in modern Toronto history,
Demand for U.S. office space up Y-O-Y for sixth straight month
Nationally, demand for office space rose in December on a year-over-year basis, marking the sixth consecutive month of annual growth. This trend reversal follows 15 consecutive monthly annual declines, according to the quarterly VTS Office Demand Index.
Alphabet spent $1.8B exiting leases in 2023
Alphabet, the parent company of Google, paid $1.8 billion in 2023 to get out of leases globally, incurring $269M in accelerated rent and depreciation last year. During Q4 alone, Alphabet paid $1.2B to end office leases early.
$155M debt deal bolsters Dallas office tower
Vancouver's Second City Real Estate, Dallas' Bandera Ventures and Austin's HPI Real Estate, the owners of one of downtown Dallas’ legacy office skyscrapers - the 45-storey, 1.1 -million-square foot Ross Tower - have obtained a $155 million debt extension.
Walmart building or remodeling about 800 locations
Walmart Inc. (WMT-N) said Wednesday it plans to build or remodel about 800 stores in the coming years as the world’s largest retailer seeks to reach more customers and fuel growth.
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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