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50-acre tract of Windsor industrial land sells for $20M
50-acre tract of Windsor industrial land sells for $20M
The sale of a 50-acre industrial development site just minutes from the under-construction Gordie Howe International Bridge in Windsor is the latest sign of a major uptick in commercial real estate activity in the border city.
CMHC updates Multi-Unit Mortgage Loan Insurance
GUEST SUBMISSION: On June 4, the Canada Mortgage and Housing Corp. issued an update to its Multi-Unit Mortgage Loan Insurance program. The major areas impacted are outlined in this article:
Brookfield aims to triple private equity business in 5 years
Brookfield Asset Management Inc. (BAM-T) can triple the size of its private equity unit in the next five years, says Anuj Ranjan, chief executive officer of Brookfield's Private Equity Group.
Broccolini enters self-storage with fund, Pandora facilities
Broccolini has launched a self-storage fund and has three self-storage projects in the pipeline in the Montreal area, including a 150,000-square-foot, multi-level facility under construction in Kirkland in the city’s West Island.
Shifting demand in CRE driven by housing crisis: RE/MAX
Strong population growth and housing supply issues have prompted a significant shift in the CRE market as builders and developers adopt an "all-hands-on deck" approach to solving Canada's housing shortage, according to RE/MAX Canada's 2024 Commercial Real Estate Report.
 | Intellifi Corporation Lending in Canada: A closer look at office and insured mortgage originationEvery year since 2013, Intellifi has conducted our Annual Commercial Mortgage Survey, collecting information with respect to non-development mortgage financing, from leading lending institutions across Canada. This year we look at key highlights surrounding the office and insured lending spaces. Sponsored by: Intellifi Corporation |
Amazon's Calgary facility illustrates industrial market shifts
At Amazon Canada's new 2.8 million-square-foot fulfilment centre in Calgary, robotics play a central role as more than 1,500 staff work alongside automated systems to ship upwards of 950,000 units per day.
Atlas installing robotic automation at three locations
Atlas Engineered Products (AEP-X) announced it has engaged House of Design to supply and install truss manufacturing robotic automation equipment at locations in British Columbia, Ontario and New Brunswick over the next two years.
Parkland selling Canadian propane business for $115M
Calgary-headquartered fuel distributor Parkland Corporation (PKI-T) said on Wednesday it would sell its Canadian commercial propane business to Avenir Energy for about $115 million in cash amid a push by investors for a strategic review of the company.
Cybersecurity concerns on the rise in CRE
Today, the typical modern office tower can have its own version of a supervisory control and data acquisition system. All these devices connected to the internet provide an expanding digital warren through which malicious programs can run.
A recent history of Bank of Canada’s interest rate decisions
For the first time in four years, the Bank of Canada cut its benchmark interest rate by a quarter percentage point. It signals a turning point for the Canadian economy after the biggest inflation and interest-rate shock in decades.
Labour shortage threatens economic growth: PCL
OPINION: Step onto a modern construction site and you’ll observe a collaborative, technologically advanced space where skilled tradespeople work alongside project managers, architects and engineers, to build everything big and small. It is as diverse and dynamic as Canada itself.
Groupe HD, Kastello inaugurate 115-unit Loyal Apartments
On June 4, Groupe HD and Kastello Immobilier inaugurated Loyal – Apartments, a 13-storey project consisting of 115 rental housing units at 4845 Côte-St-Luc Rd. in Montréal. The building will feature units from studios to one- to three-bedroom apartments.
T.O.’s Phoenix Concert Theatre giving way to condos
One of Toronto’s most venerable concert venues, the Phoenix Concert Theatre, is closing its doors. “It’s slated for development of a condominium,” said Lisa Zbitnew, the Phoenix’s co-owner and president, adding the site’s imminent closure “was not our choice.”
PLUS closes 7 of 8 stores, including Yorkdale flagship
PLUS, Canada’s luxury streetwear shop, is closing seven of its eight locations, including its new flagship store at the Yorkdale Shopping Centre, and consolidating all operations to its store at the Square One Shopping Centre in Toronto.
MaRS slashes top ranks as it looks to reset mandate
MaRS Discovery District has slashed its senior ranks and is resetting its business model as one of Canada’s largest innovation support organizations heads into a potential funding crunch.
Sternlicht: Tightening Starwood REIT limits was ‘tough’
Billionaire Barry Sternlicht said it was “a very tough decision” to further limit withdrawals from SREIT, a $10 billion fund that found itself stuck between investors’ desire to redeem shares and a distaste for selling at a discount.
Ultra wealthy are betting on San Francisco comeback
For all the worries about a doom loop fueled by post-pandemic hybrid work, persistent homelessness and a fentanyl epidemic, San Francisco is once again attracting money, powered by an AI boom and rebounding real estate demand,.
U.S. apartment projects extend timelines by 500 days
Apartment developers are having a hard time getting their high-rises to rise. It is taking an average of 500 days for new projects to break ground after they are approved, a 45% jump from 2019, according to Yardi Matrix data.
Chinese real estate investments are hemorrhaging value
China has some 4.2 billion square feet of completed and unsold homes, equivalent to 6.6 Manhattans. One survey of 14 cities found the number of properties listed for sale was 20 times higher than the number of transactions that month.
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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