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Canada's office market to worsen ... a bit ... before improving: Colliers
Office market to worsen ... a bit ... before improving: Colliers
The Canadian office market will remain soft for the next 12 to 18 months as the industry continues to adjust to the hybrid work model, the latest report from Colliers Real Estate Management Services Canada says.
Immostar leases Quebec City spec dist. centre to PepsiCo
Immostar is investing $40 million near Quebec City to build what will become one of PepsiCo Canada’s main distribution centres – and it’s just a warm-up for bigger industrial projects to come for the developer.
GTA office investment drops 61% year-over-year: Altus
CRE investment in the GTA fell 27 per cent - a drop of more than $2.5 billion - year-over-year in Q2 2023, according to Altus Group. Office investment fell 61 per cent to $414 million from $1.07 billion.
How developers influenced Ont. to open up Greenbelt land
ANALYSIS: A small number of developers were able to use their access to a high-level Ontario government staffer to have protected Greenbelt land — some of which was recently purchased — opened up for housing development.
Port of Vancouver struggling to find land: CBRE
ANALYSIS: The Port of Vancouver - Canada’s largest - is struggling to acquire the 1,500 acres of land it needs over the next decade to support trade, a growing population and economic activity, according to CBRE.
 | Self Stor Storage Grand opening for Self Stor Storage Mississauga. Bigger and bolder.Self Stor Storage is proud to announce their latest self-storage facility. Opening in the heart of Mississauga, at Erin Mills Parkway and Brittania Rd. Open to the public starting August 14th. Sponsored by: Self Stor Storage |
Vancouver's hotel shortage could hurt economy
Destination Vancouver, the organization that markets the city to tourists and conventions, recently released a report showing the number of hotel rooms dropped 12.8 per cent in the past two decades, from 15,242 rooms in 2002 to 13,290 last year.
Investors targeting industrial, rental sector: Morguard
The total sales figure for the multi-suite residential rental, office, industrial and retail property types rose in Q2, according to Morguard's latest update. Investors continued targeting industrial and multi-suite residential rental properties because of healthy fundamentals and rent growth forecasts.
Recreation centres part of mall experience: Morguard
Canadian malls have long featured recreation facilities, but the recent launch of numerous, elaborate recreation centres in shopping complexes large and small points to a fast-evolving trend, says David Wyatt, senior vice-president of retail at Morguard Investments Ltd.
T&T to open second Quebec store in Brossard
T&T Supermarkets announced a 53,820-square-foot store will open in the fall of 2024 at the Quartier Dix30 in Brossard. Quartier Dix30 is the second-largest retail centre in Canada with 3,200,000 square feet of retail and office space.
Employers, workers favour hybrid model: Survey
The hybrid option is the top choice of Canadian office workers and hiring managers, according to a new survey by recruiting company Robert Half that asked both groups to rate their ideal work location.
REIT second-quarter financial results
Automotive Properties REIT, (APR-UN-T), Canada Newswire
Boardwalk REIT, (BEI-UN-T), Canada Newswire
Marwest Apartment REIT, (MAR-UN-X), Canada Newswire
Nexus Industrial REIT, (NXR-UN-T), Globe Newswire
NorthWest Healthcare Properties REIT, (NWH-UN-T), Canada Newswire
BGO sells Fort Worth industrial campus to Westcore
BentallGreenOak has sold Railhead Business Station, a 519,905-square-foot, class-A industrial campus in Fort Worth, Texas to Westcore Properties. Stream Realty Partners negotiated on behalf of the seller, while the buyer had in-house representation.
Li-Cycle starts operations at first European 'Spoke' site
Li-Cycle Holdings Corp. has started commercial operations at its first Spoke recycling facility in Europe, in Magdeburg, Germany. Spoke facilities convert waste battery material into three main product streams: plastics, copper/aluminum, and “black mass.”
Australia's Lendlease pauses $1.2B San Fran mixed-use
Australian developer Lendlease Group has paused work on a $1.23 billion US office and apartment complex in San Francisco in the troubled West Coast real estate market, it said on Monday, after reporting a drop in annual core profit.
China’s property sector cash crunch intensifies
China’s largest private developer Country Garden is seeking to delay payment on a private onshore bond for the first time, the latest sign of a stifling cash crunch in the property sector, piling pressure on Beijing to step in.
22% of homebuilders cancel projects amid high rates
At a time when Canada desperately needs to build more housing, the construction industry “remains downbeat” amid high interest rates, with 22 per cent of Canadian homebuilders cancelling projects entirely in Q2 2023, according to the Canadian Home Builders’ Association.
July home sales see largest Y-O-Y rise in two years: CREA
The Canadian Real Estate Association says July’s home sales were little changed from June but saw the largest year-over-year increase in more than two years. On a non-seasonally adjusted basis, sales edged up 8.7 per cent year-over-year to 41,186.
Feds urged to adopt 'industrial strategy' for rentals
In a housing report co-authored by REALPAC's Michael Brooks, Prime Minister Justin Trudeau is advised to create an “industrial strategy,” including tax changes and cheap financing to spur builders to create about two million new rental units in seven years.
Historic Wpg. building transformed into apt. complex
Winnipeg's Paulin Street Lofts, a 107-unit loft-style apartment complex, completed construction earlier this year and leased all of its suites this summer. The MRH Properties project represented a $20-million conversion of the 100,000-square-foot historic building.
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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