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The Stack opens in Vancouver, aims to energize return-to-office movement
The Stack opens in Van., aims to energize return-to-office
It has been four years from groundbreak to official opening of The Stack, the innovative new 37-storey downtown Vancouver office tower developed by Oxford Properties with CPP Investments. In that time, the office world has undergone a major shift.
IPSO FACTO expands Brivia Group JV at Square Phillips
Brivia Group has extended a partnership with fellow Quebec real estate investor IPSO FACTO Investissement Immobilier for Phase 2 of its 1 Square Phillips development in Montréal, and has finalized its construction financing for the project’s first phase.
Feds to remove GST on new rental housing builds: Source
Prime Minister Justin Trudeau is to announce that Ottawa is removing the GST on construction of new rental apartment buildings, according to a senior government source. The change would lower the cost of labour and materials for homebuilders.
7 years insufficient to build millions of homes: Desjardins
Canada has no chance of building the additional millions of homes Canada Mortgage and Housing Corp. projects would be needed to restore housing affordability over the next seven years, according to Jimmy Jean, chief economist of Desjardins Group.
Mattamy's proposed Milton mixed-use comprises 8 towers
Mattamy (Milton West) has proposed a mixed-use project with eight buildings ranging from 12 to 15 storeys in the Boyne neighbourhood of Milton. The complex would comprise 1,768 housing units and about 10,000 square feet of commercial space.
 | Trez Capital Fall forecast: Strong fundamentals set this cycle apart for commercial real estateAs we navigate the complex landscape of the North American commercial real estate market, it’s important to note that the current cycle stands apart due to fundamentals. Sponsored by: Trez Capital |
Vancouver industrial users decamping to Calgary
Roughly 5.1 million square feet of industrial space has been lost to Calgary over the last 4.5 years, according to a Sept. 13 report commissioned by the Greater Vancouver Board of Trade alongside commercial real estate association NAIOP Vancouver.
Laurentian Bank fails to find a buyer
Laurentian Bank of Canada (LB-T) has concluded a lengthy strategic review without finding a buyer for the country’s ninth-largest lender, and announced plans to simplify its structure to boost profits.
Olymel shuttering three Ontario and Quebec plants
Meat production and processing company Olymel is closing two plants in Quebec and Ontario and accelerating the closure of another facility, affecting around 400 employees as the company says it continues to deal with market challenges.
CF Chinook Centre in Calgary undergoes major revamp
Since Nov. 1, CF Chinook Centre in Calgary has welcomed 12 new tenants - Athleta, Token, Stuffies, Herschel, Mejuri, Jo Malone, Glambar Bazaar, RW&Co, Nike, Alo Yoga, Crepe Delicious, and Uniqlo - in addition to 13 relocations and seven renovations.
T&T bringing second location to downtown Toronto
Today, T&T Supermarkets announced the opening of a new store in downtown Toronto. The 31,000-square-foot store, scheduled to open in spring 2025, will be located in the Panda Condos, a project by Lifetime Developments.
Digitalization enables energy efficiency, growth: ABB Canada
Modern property managers are being hit with rising energy costs and taking an increased interest in environmental goals, but also face an expectation for growth. One way to achieve all of this, ABB Canada says, is energy efficiency through digitalization.
After years of talk, Van. ready for 'multiplex' debate, decision
ANALYSIS: After years of debate and planning on how to add so-called “missing middle” housing to Vancouver’s low-density residential neighbourhoods, the proposal is finally set for a public hearing this week.
Vancouver hiking short-term rental license fees by 800%
Citing concerns about the impact of short-term home rentals on Vancouver’s housing market, city council has ratcheted up the business licence fee for operators by more than nine times the current rate.
Average one-bedroom in Toronto climbs over $2,600
In Toronto, the average rental cost for a one-bedroom apartment has climbed above $2,600 — the second-highest in the country. The No. 1 spot goes to Vancouver with an average one-bedroom price of almost $3,000, according to Rentals.ca.
One room in a shared T.O. apartment hits a high of $1,300
The highest monthly rent being asked for roommates in Toronto was $1,302, according to a Rentals.ca and Urbanation report. Things were worse in Vancouver where roommates were asking as high as $1,773.
T.O.-based AI startup Cohere opens second HQ in San Fran.
Cohere Inc., an artificial intelligence startup, is setting up a second headquarters in San Francisco, kindling optimism the AI sector will help revive the city’s CRE market. The Toronto-based startup is leasing office space, which can seat about 50 employees.
Canada’s Sagard opening Abu Dhabi office
Canadian alternative asset manager Sagard Holdings is opening an office in the United Arab Emirates’ capital of Abu Dhabi, the latest firm to set up in the oil-rich Gulf. Sagard's first regional outpost is in Abu Dhabi’s main financial centre.
Steinbridge activates $1.3B impact housing strategy
The Steinbridge Group announced a $50 million joint venture with FrontRange Co-GP Property Fund, an affiliate of FrontRange Capital Partners, to build and improve housing options throughout the U.S. by renovating and developing single family and small multi-family properties.
The state of New York City real estate
VIDEO: Jonathan Miller, Miller Samuel President and CEO, talks about the recovery of real estate in New York City since the terror attacks of 9/11.
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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