LocationsRecent Articles
GWLRA, Hudson Pacific put holds on Vancouver office projects
GWLRA, Hudson Pacific delay Vancouver office projects
Vancouver has weathered the slumping office real estate market better than many North American cities, but two planned developments have been paused in recent months. And, the region's overall vacancy rate remains well above traditional norms, NAI Commercial reports.
CDPQ invests $103M in Quebec City Vantage Data Centers
Caisse de dépôt et placement du Québec (CDPQ) will be contributing $103 million into the expansion of Vantage Data Centers’ Quebec City campus as part of a $179-million credit facility.
Status quo for now as bank rate cut has investors watching
Two consecutive rate cuts has real estate investors rockin’ like it’s 2023. The Bank of Canada’s second cut yesterday, following a 25-basis point cut on June 5, has pared the rate to where it was until June 7, 2023.
Crestpoint, Anthem partner on Vancouver high-rise dev. site
Crestpoint Real Estate Investments has created a new opportunistic fund, and partnered with Anthem Properties to acquire a Vancouver development site – 1318 Thurlow St. – on which they plan to build a 32-storey purpose-built rental tower.
‘Significant loss’ in Jasper as wildfires burn buildings
Wildfires closed in on the picturesque mountain town of Jasper, burning buildings and forcing firefighters to retreat from the flames and expected strong winds that had made the situation too dangerous for them to stay.
Record number of tradespeople but not enough work
Canada continues to grapple with meeting its housing targets. Until recently, a shortage of skilled trades was seen as an obstacle. However, recent data shows the number of construction labourers reached an all-time high but activity has not followed suit.
Construction begins at Calgary’s Scotia Place
Construction is starting on Scotia Place, a new sports and entertainment venue in Calgary. The new events centre, replacing the aging Scotiabank Saddledome, is scheduled to open in fall 2027.
Over 80% of new TO condo investors taking a loss on rentals
Over 80 per cent of new condo investors in the Toronto region are finding the rental income from their units is not covering the increasing mortgage and other costs of owning the property, according to a report issued on Thursday.
Tenant groups call for scrutiny of YieldStar software
Canadian tenants are pushing for greater scrutiny of an American property management software company that faces a U.S. federal government price-fixing investigation while it continues to be used by landlords in this country.
Bosa: Burnaby is making purpose-built rentals 'unbuildable'
At a time when cities across Canada are in desperate need of more rental homes, well-intentioned policies in the City of Burnaby are making purpose-built rental projects unviable, says Bosa Properties, one of British Columbia's largest developers.
Controversial 14-storey rental tower approved in Vancouver
Vancouver city council was unanimous Tuesday in approving a proposed 14-storey rental housing tower in Kerrisdale, despite concerns over maintenance, repairs and other issues associated to an adjacent building owned by the same developer.
Vancouver will allow natural gas heating in new construction
Vancouver council has narrowly voted in favour of allowing natural gas for heating and hot water for new construction, a plan the city’s sustainability manager warns “will move us back” on climate goals.
Development industry must build ties with Indigenous groups
As it tackles the enormous task of building sufficient housing for a growing population, the Canadian development industry needs to recognize the power and potential of collaboration with Indigenous communities.
Sask. First Nation breaks ground on $52M thermal spa
A First Nation is building a $52-million thermal spa near Saskatoon and incorporating Dakota culture into its design. The Dakota Dunes Thermal Spa will complement the hotel, casino and golf course on the Whitecap Dakota First Nation.
5 Canadian hotels hailed for their magnificent ceilings
Five Canadian hotels have been named to a list celebrating the most magnficent ceilings and domes in North American hotel properties. Four of the those included were Fairmont properties including Quebec City's Le Château Frontenac and Empress in Victoria, B.C.
Loblaw Q2 net earnings fall after class-action settlements
Canadian retailer Loblaw Cos. Ltd.'s net income fell 10 per cent in the second quarter from the same time last year, a decrease that the company attributed primarily to charges related to the settlement of class action lawsuits.
NYCB’s Flagstar to sell mortgage-servicing unit for $1.4 billion
New York Community Bancorp’s Flagstar Bank unit agreed to sell its residential mortgage-servicing business to Mr. Cooper Group Inc. for about $1.4 billion. The transaction is expected to be completed in the fourth quarter.
Elliott-backed Tyko lends $565 million to Miami office tower
Tyko Capital, a real estate firm backed by Elliott Investment Management, is lending $565 million to 830 Brickell in Miami, a new 55-story skyscraper that has already lured Citadel, Microsoft and private equity firm Thoma Bravo as tenants.
U.S. real estate financiers look out to 2025
Real estate financiers in the U.S. are expressing somewhat less confidence in the country’s economy. The quarterly survey of CRE Finance Council governors finds over a third of respondents foresee slipping economic outcomes over the next 12 months.
Real estate market is broken for everyone except the ultra rich
One of the least affordable U.S. housing markets in decades is freezing residential real estate sales and shutting out a generation of aspiring homeowners. But one group remains unfazed: the wealthy. All-cash luxury home sales are at record levels.
Industry Events
-
Quebec City Real Estate Forum
Oct 16 2024
Quebec City Convention Centre
-
Canada Real Estate Auction
Oct 22 2024
-
Calgary Real Estate Forum
Oct 29 2024
Calgary TELUS Convention Centre
-
MIPIM: The Global Urban Festival
Mar 11 2025
to Mar 14 2025
Palais des Festivals, Cannes, France
Follow us on Social Media
Follow RENX on your favorite social media platform for news delivered to your feed.
Locations
