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Conwest enters highrise res development with Van. tower
Conwest enters highrise res development with Van. tower
Conwest, the Vancouver developer behind innovative industrial developments such as Riverworks and Ironworks, is entering the highrise multires sector with its plan for a 24-storey condo tower at the busy intersection of King Edward Ave. and Knight St.
Maple House leads the way at Toronto’s Canary Landing
Units at the award-winning Maple House apartment complex in Toronto’s Canary Landing community are nearly 80 per cent leased and the project is on track to achieve full occupancy within the next few months.
Distressed RE sales rise, but the price isn’t always right
Buyers smell blood in the water as distressed commercial properties are put up for sale. But so far, sellers of that troubled real estate are refusing to accept rock-bottom values.
REITs in Canada set to recover as rate cuts reign, TD says
Canadian REITS are primed for a rebound as investors grow more confident in near-term rate cuts, according to TD Cowen. Last week the S&P/TSX Capped REIT index climbed around 4.4 per cent, its second-best weekly run since November.
Hotel transaction volume outpacing last year
Colliers Canada projects hotel transaction volume should surpass $2 billion in 2024, based on sales in the first half of the year and properties in the pipeline. Roughly $1.3B of deals transpired over the winter and spring 2024.
Office utilization continues to steadily gain momentum: JLL
JLL recently released its Q2 2024 office reports, which revealed the downtown vacancy rate exceeded suburban for the first time in Toronto and noted the overall use of offices continues to gain momentum.
 | MIPIM Be part of the Canadian Delegation to MIPIM 2025Be part of the Canadian Delegation for MIPIM 2025 next March in Cannes. Exhibit with the CREA Pavilion or the Montreal/Quebec Pavilion. Participate as a delegate and take part in Canada's networking events. Sponsored by: MIPIM |
AIMCo sees optimism in markets after mixed first-half
Alberta Investment Management Corp.’s chief investment officer is cautiously optimistic about the rest of 2024 after reporting mixed results in the first six months, anticipating a boost to stock and bond markets if interest rate cuts come through.
44-storey apartment tower proposed for Kitchener
CTV Kitchener’s former home could be replaced with a 44-storey apartment tower. An application has been submitted to redevelop 864 King St. W. If approved, the building would add 455 new apartments.
John C. Parkin design preserved in reworked TO proposal
Industrial Alliance Insurance and Financial Services has filed a resubmission for the former National Life Building at 522 University Ave. The updated proposal seeks to rehabilitate the existing building to conserve the property’s cultural heritage.
Conestoga allocates $500M-plus for campus upgrades
Conestoga College Institute of Technology & Advanced Learning has invested more than $500 million into facilities, student housing and academic programming at its campuses around Southern Ontario. The college secured eight properties to increase student accommodation capacity.
Making Canada’s buildings climate-resilient
Making commercial buildings climate-resilient may be expensive, but the long-term costs of inaction are significant. According to the Insurance Bureau of Canada, the 2023 fire season was the most destructive in B.C.’s history.
Sault's Canal District to expand with new commercial dev.
A development promises to breathe new life into a parcel of land on the long-dormant Gateway site in Sault Ste. Marie. SIS Group plans to develop 3,252 square metres of commercial space at the old fish hatchery site.
Regina approves development application for 2nd Costco
A development application filed with the City of Regina has been under review by the planning department since the end of July. An update indicates that application was approved by the department on Aug. 2
Seven & i seeks gov't protection after $38B Couche Tard offer
Seven & i Holdings Co. wants the Japanese government to require prior notification of any purchase of its shares above 10 per cent, raising a potential hurdle for Alimentation Couche-Tard Inc.’s (ADT-T) buyout proposal to proceed.
A $557 billion drop in office values eclipses a revival of cities
From L.A. to Chicago and Boston, aging business districts are contending with empty offices and a slow return of workers, while neighborhoods just miles or even blocks away are faring better — or even thriving.
Everything must go: the great £3.5B fund sell-off
Distressed sales from lenders grab a lot of the limelight. But open-ended funds have been ahead of banks in becoming motivated sellers. Bisnow looked at four of the biggest funds selling their assets and what’s on the block.
Ex-Goldman Sachs banker plans to ‘massively’ scale new Steyer venture
Joseph Sumberg, a former managing director at Goldman Sachs Group Inc., is betting his career on the idea that climate change is about to turn the real estate market on its head. Sumberg is buying properties and making them climate-proof.
How landlords are managing after WeWork's bankruptcy
As the dust settles on WeWork’s bankruptcy, landlords in New York City and across the U.S. are attempting to reanimate now-vacated space and find ways to fend off circling lenders. In 2019, the coworking giant was valued at $47B.
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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