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Pricing uncertainty rules CRE markets: PwC, ULI trends report
Pricing uncertainty rules CRE markets: PwC, ULI trends report
Uncertainty about asset prices is expected to remain a key factor limiting transaction volumes, while deals that do proceed will likely be smaller as large investors pull back from the market and less capital is available for real estate acquisitions.
HBC sells off $465M in real estate
Hudson’s Bay Co. has completed a series of real estate transactions in the U.S. and Canada worth $465 million Cdn, cash the company says will help to fund its retail operations after falling behind on payments to its suppliers.
Spending slowdown could cool Black Friday sales
Retailers are kicking off the unofficial start of the holiday shopping season on Friday with a bevy of discounts and other enticements, but executives are growing concerned with a spending slowdown that could temper sales post-Thanksgiving and throughout the holidays.
 | The Industrial Real Estate Show The CRE broker who flies his own private jetChad GriffithsPartner, NAI Commercial |
Diamond Kilmer developing Birchley Park community
Diamond Kilmer is about to transform 19 acres in east-end Toronto into Birchley Park, featuring nine- and 12-storey condo buildings, a Habitat for Humanity block of 58 affordable townhouses and a 124-unit City of Toronto rental building.
Work underway on St. Thomas' tallest building
Site work began Wednesday on Canadian Commercial Development's 14-storey highrise, which will be the tallest building in St. Thomas. The Talbot Street building will include 162 apartment units.
 | NORR Urban regeneration strategies: Why densification mattersUrban regeneration strategies are a long game – but can bring significant value over time as a transformative force for neighbourhoods and cities. Get perspective on the economic, social and sustainability benefits that drive ROI for owners, investors, developers and municipalities. Sponsored by: NORR |
Shadows a concern for Theberge's Ottawa towers proposal
Ottawa city staff are leery of approving Theberge Homes' plan for 24- and 32-storey residential towers until a better assessment of the impacts of shadows onto the Central Experimental Farm is completed.
Montreal unable to sell former town hall for $1
It hasn’t been easy for Montreal to sell its vacant and historic Côte-St-Paul town hall, even for $1. The 3½-storey property, built in 1910-'11, is classified by the province as part of a heritage site.
MEC plans to double its store count to 40
Vancouver's Mountain Equipment Co. has returned to profitability and plans to double its store count. New CEO Peter Hlynsky plans to open "three to four" stand-alone stores per year, increasing the company's stand-alone store count to 40 stores by 2028.
Developer Minotar asks for Greenbelt bill amendment
Minotar Holdings Inc., the owner of one of the 15 properties removed from the Greenbelt, is asking the Ontario government to exclude its plot from a bill to return all that land to the protected area.
Ont.'s expansion reversal leaves municipalities scrambling
The Ontario government’s abrupt decision last month to reverse its unilateral expansion of urban boundaries has left municipalities scrambling and critics concerned the province is potentially making matters worse.
CDNGLOBAL expands to GTA with new office
Vancouver-based CDNGLOBAL, a privately held, independent commercial real estate brokerage and advisory firm, has expanded into the Greater Toronto Area (GTA) market. The team at Ellington Commercial Real Estate Advisors will now operate as CDNGLOBAL Toronto.
Ottawa OKs affordable housing tax breaks for developers
Ottawa city council has voted to approve a plan that would give developers tax breaks for building affordable housing. The city would offer grants of between $6,000 and $8,000 per affordable rental unit per year for 20 years.
Councillor pitches plan for Van.'s downtown Eastside
A proposal to significantly change Vancouver’s strategies for its troubled Downtown Eastside to create more housing, more small businesses that serve residents and a more responsive system of medical care was pitched Wednesday by Coun, Rebecca Bligh.
Brookfield shelves sale of Center Parcs: Report
Brookfield has reportedly scrapped its $6.9-billion plan to sell holiday village chain Center Parcs due to high interest rates and inflation. The potential deal would have involved six holiday villages across the U.K. and Ireland.
Office owners push back on WeWork's lease rejections
As WeWork's high-profile bankruptcy proceedings get out of the starting gate, office owners Walter & Samuels and Kato International have filed objections to the co-working company's request to reject dozens of leases.
Shrinking lab leases lead to reappraisal in life sciences
The real estate and funding slowdown proliferating markets across the country has reached life sciences, decelerating the leasing market. In today’s supply-heavy environment, even the deals that are getting done have noticeably downsized, with small leases rippling throughout the lab real estate market.
Fifth Avenue remains most expensive retail space
New York’s Fifth Avenue retains its top ranking as the world’s most expensive retail destination, despite recording flat rental growth year-over-year, according to Cushman & Wakefield's (CWK-N) 33rd edition of Main Streets Across the World.
India's red-hot RE market attracts global investors
China's property market troubles have global private credit investors looking toward India as prime minister Narendra Modi's infrastructure push drives up real estate prices. Over $2B in private credit flowed into Indian real estate during the first half of 2023.
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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