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Local, private investors snap up Edmonton's office properties
Local, private investors snap up Edmonton's office properties
The office investment sector in Edmonton is experiencing one overarching trend these days - the “total dominance of private buyers” in transactions during the past couple of years, according to Avison Young’s capital markets team.
Downtown Toronto office building back on the market
Two major Canadian pension funds and Brookfield Asset Management (BAM-N) are trying to sell a 20-storey downtown Toronto office building at 2 Queen St. E., for a second time, after failing to get the price they wanted in 2022.
Vancouver votes to block mountain views to build housing
Vancouver’s most famous quality is its scenic backdrop of dazzling coastal mountains. But city councillors have voted in favour of cutting off the iconic vistas for some. The change will ease the way for homebuilders to erect higher towers.
 | CRE Talks Holding the line: Why real estate can't stop making ESG investmentsTonya LagrastaHead of ESG, Colliers Real Estate Management Services Canada |
Downsview’s redevelopment will change the face of Toronto
With airplane manufacturer Bombardier gone from Downsview, work can start on what will essentially be a city within a city — 15 transit-oriented neighbourhoods, without any single-family homes, to be built from scratch.
 | Colliers Canada Trailblazing Canada’s industrial buildings of the futureThe team behind KingJane Business Park is working on an immense industrial development with next-generation design technology for the growing number of tenants and users that must have scale, convenient access, top-shelf amenities, flexibility and a certified zero-carbon footprint. Sponsored by: Colliers Canada |
Lack of product standardization hindering mass timber
Mass timber construction is making headlines, especially in Toronto and Vancouver where high-profile projects are turning heads, but the “fast-growing” new industry still only makes up about one per cent of all construction in Canada.
Foreclosed White Rock project listed for sale over $19M debt
While a majority of the court-ordered sales that have occurred in British Columbia are for properties located in Vancouver, the latest foreclosure proceeding shows that distressed real estate is not limited to any one location.
Purpose-built rental property tax status in flux
The arrival of new purpose-built rental housing onto Toronto’s market has pumped up the city’s tax assessment base by an average of $1.12 billion in each of the past five years.
The major flaw in Ottawa’s bid to protect more renters
OPINION - Ottawa has just committed to its largest investment in co-op housing in decades. And with no time to lose, given the severity of the housing crisis. More than a quarter of a million Canadians live in non-profit co-op housing.
Depreciation report requirements take effect in B.C.
Regulations are now in effect to protect B.C. strata owners from unexpected long-term repairs and replacement costs. As of July 1, the Ministry of Housing has closed loopholes in the Strata Property Act that allowed corporations to indefinitely defer depreciation reports.
AtkinsRéalis wins contract for Maisonneuve-Rosemont Hospital
AtkinsRéalis Group has been awarded a contract from the Société québécoise des infrastructures for the expansion and modernization of the Maisonneuve-Rosemont Hospital. The long-awaited project will add 720 beds and 26 neonatal cribs.
RBC shakes up leadership, splits P&C banking unit into two
Royal Bank of Canada is shuffling its leadership ranks and breaking its largest division into two, in one of the biggest reorganizations of Dave McKay’s decade-long tenure as chief executive officer.
Toronto’s having a food hall moment. Here’s what they serve
It’s well past the lunch rush one late Friday afternoon, but the vendors at the 1,000-seat Wellington Market food hall at The Well are seeing a second wind from Jays fans en route to the nearby Rogers Centre.
New Costco store with a gas station set for Metro Vancouver
Metro Vancouver is expected to gain a new Costco Wholesale store location — and this will be a big one, rivalling the region’s current largest stores. The proposed warehouse store would have a floor area of 165,000 square feet.
Port of Montreal completes major rail improvements
Montreal Port Authority has completed an extensive project to optimize rail capacity and improve the performance and fluidity of its logistics services. The $62.4 million project signals a major increase in the port's rail capacity.
Google renews a San Francisco office lease for 54% less space
Google will cut its space at 215 Fremont St. in downtown San Francisco by 54 per cent as it renews its lease in the building, marking the latest office downsizing for the tech giant.
Distressed property buyers in U.S. seek ‘exceptional bargains’
Distressed investors see one of the best opportunities in a generation to buy troubled U.S. real estate assets as the commercial property crash continues to roil the market. Private equity firms are already positioning to take advantage.
FS Credit completes purchase of $351.8M CRE loan portfolio
FS Credit, a monthly NAV REIT investing in floating rate senior loans secured by commercial real estate (CRE), has purchased a $351.8 million US portfolio of senior loans from a commercial bank seeking to rebalance its CRE loan holdings.
Former Royal residence in London to open as luxury hotel and club
Cambridge House, an 18th-century grand Palladian mansion in Mayfair, was once used as a royal residence by a son of King George III. Next year it will open as a 102-room hotel by the rarified Auberge Resorts Collection.
Industry Events
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Quebec City Real Estate Forum
Oct 16 2024
Quebec City Convention Centre
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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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