Interest rates are coming down ... soon: Benjamin Tal

Canada is essentially in recession and, combined with several other factors, that will “defeat” inflation and allow the Bank of Canada to begin cutting interest rates next summer, according to CIBC Capital Markets' Benjamin Tal. 

Hotel, conference centre planned for Mtl.'s Olympic Park

Gestion Georges Coulombe and France Film plan to build a 180- to 200-room hotel in Montreal’s Olympic Park, steps away from the Olympic Stadium and several other city attractions.

Moving Ontario Science Centre would save millions: Agency

The “business case” for Premier Doug Ford’s controversial plan to close the Ontario Science Centre in Don Mills says it would cost $600 million less to build a new one at Ontario Place.

Vancouver meeting place capacity insufficient: Insiders

The cost of booking space and hosting events in Vancouver has soared post-COVID-19. Hotels are seeing strong demand for meeting rooms while business development advocates are urging investors to consider putting money into developing more space in their communities.

Fed payments needed for downtown Ottawa: Board

The Ottawa Board of Trade is calling on the federal government to keep making payments in lieu of taxes on its current properties in the capital’s core for the next 10 years to help fund efforts to revitalize Ottawa’s downtown.

Five fought-over London building projects

In a growing city struggling to keep up with housing demand, London still gets hung up on small-city opposition – appearances, height, traffic, building density and shadows – as new building proposals come on stream. Here's a look at some recent fights.

QuadReal, Granite CFOs discuss Canadian CRE

VIDEO: QuadReal Property Group chief financial officer Tamara Lawson and Granite REIT CFO Teresa Neto discuss the landscape for Canadian CRE, including challenges and opportunities, and how the market is changing due to changes in the economy and business practices.

Some Toronto hotels offering $2K month-long packages

Toronto’s Don Valley Hotel is undercutting rental prices in the city by offering stays on a month-long basis for $1,999 plus tax — including parking, pool access, Wi-Fi, weekly cleanings and utilities, Kevin Porter, the hotel’s general manager, said.

Use public land, institutional buildings for housing: CUI

Among many suggestions, a Canadian Urban Institute (CUI) report released Thursday calls for making more use of public land to build housing, as well as land now used by institutions such as universities and hospitals.

Langford development hinges on federal funding

Vancouver-based Ovis Group's Ovis One, a 10-storey 80-unit strata-titled project at 2826 Jacklin Rd. in Langford, was launched with the assistance of funding from the Canada Mortgage and Housing Corp.'s MLI Select lending program.

Truck equipment supplier opens new plant in Morden

Mississauga-based diversified truck equipment supplier Drive Products has officially opened a 60,000-square-foot manufacturing plant making specialized truck bodies in the growing southern Manitoba city of Morden. The Morden plant represents its fifth manufacturing site.

Ottawa malls are buzzing this holiday season

Canadian shoppers are headed to the mall this holiday season and at least two major Ottawa shopping centres - CF Rideau Centre and the St. Laurent Shopping Centre - are seeing an uptick in traffic and sales. 

REOC third-quarter financial results

NexLiving Communities Inc., (NXLV-X), Canada Newswire

NexPoint Hospitality Trust, (NHT-U-X), Canada Newswire

Overdue office loans new pain point for banks

U.S. bank profits fell in the third quarter despite the booming economy, according to data from the Federal Deposit Insurance Corp., which flagged risks that include inflation, rising interest rates, geopolitics and a shaky office real estate market.

Much of NYC CRE stuck in limbo

Buying and building in New York City has always been expensive, but rising interest rates and inflation, combined with a lack of government incentives, have brought the commercial real estate sector in the nation's largest city to a crawl.

Canada Goose acquires European manufacturing facility

Canada Goose Holdings Inc. (GOOS-T) says it has acquired a long-standing knitwear supplier and its European manufacturing facility. Financial terms of the deal for the operating assets of Romania-based Paola Confectii Manufacturing were not immediately available.

European RE stocks head for best month since 2009

The Stoxx 600 Real Estate Index — which tracks the likes of Paris-listed shopping mall group Unibail-Rodamco-Westfield, Spanish commercial landlord Merlin Properties Socimi SA and U.K. office building owner British Land Co. Plc — has advanced 15 per cent in November.

Foreign biotech shows lab investment hunger

A blockbuster deal to invest in Boston lab property by Norges Bank Investment Management, the world’s largest sovereign wealth fund, underscores the interest international investors have in life sciences, although limited funding and restrictive capital markets are hampering deal flow. 

King secretly profiting from dead citizens' assets

King Charles is profiting from the deaths of thousands of people in the northwest of England whose assets are secretly being used to upgrade a commercial property empire managed by his hereditary estate, the Guardian has revealed.