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Calgary's office market is looking up, for a lot of reasons
Calgary's office market is looking up, for a lot of reasons
Calgary’s long-challenged office market is seeing a glimmer of hope these days with tightening availability and steadily rising rental rates, according to a report by Savills. Class-AA/A buildings continue to outperform and are experiencing increasing competition for contiguous space.
Residents, retailers, Farm Boy all setting up at Brightwater
Brightwater, the 72-acre master-planned community on the shore of Lake Ontario in Port Credit just west of Toronto, continues to make good progress after breaking ground in October 2021.
Massive $270M shopping centre in the works near Edmonton
A massive new shopping plaza will be built northeast of Edmonton and it is projected to bring countless new businesses. Developer Opulence Management Corp. said the proposed Fort Saskatchewan Common will feature retail, office, restaurants and shopping spaces for lease.
U.S. giant Hines seeking $2B in housing projects in Canada
Real estate giant Hines Interests is looking to invest up to $2 billion in Canada. Houston-headquartered Hines, which owns 850 properties in 30 countries, views apartment building developments as a top investment in Canada given the shortage of homes.
Two large B.C. developments forge ahead, others may not
Developers of two giant projects in Victoria hope to start construction soon despite economic challenges. Both Focus Equities of the Roundhouse project in Vic West, and Starlight Investments, which has plans for Harris Green, say projects remain on track.
TransLink's foray into RE is an idea 'needed for decades'
TransLink's proposal to build a 30-storey mixed-use project in Metro Vancouver with development firm PCI follows the footsteps of agencies such as Hong Kong's Mass Transit Railway. Using property development to finance transit isn’t a new concept, experts say.
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Builders now offering half-price mortgages, but still no takers
Countless builders are stuck with newly constructed homes they can’t sell because many folks can’t buy due to ridiculous unaffordability — or won’t buy because of market uncertainty. To snap potential buyers out of this trance, builders are offering mortgage incentives.
Alton Properties, Concord Projects commited to new highrise
It was on again/off again for years but construction at 127 Bannatyne is now underway. It's the first high-rise in Winnipeg's east Exchange in almost 50 years. The 10-storey, mixed-use project reflects its co-developers commitment to revitalizing downtown.
42-storey condo building proposed near Bayview Village
A 42-storey highrise has been proposed to bring 539 new residential units to the Sheppard and Bayview area. Submitted on behalf of Osmington Gerofsky Development and Alterra Group of Companies, the building would replace four single, two-storey detached homes.
Condo towers proposed above Toronto car dealership
Traditional car dealerships are becoming a thing of the past in the Greater Toronto Area. Sitting on prime pieces of pricey real estate, car dealerships across the region have caught the eye and development dollars of homebuilders in recent years.
OLT rule change curtails appeals process for third parties
An Ontario provincial law change that curtailed third-party groups’ ability to appeal development decisions from the Ontario Land Tribunal has left environmental and ratepayer groups saying they’ve been silenced in a move that puts developer interests ahead of citizen concerns.
Heritage building will find new home in Scotia Place arena
When the shiny Scotia Place opens in 2027, the new arena will feature a piece of Calgary's past. The Stephenson building dates back to 1911, but last month it disappeared as work crews completed the disassembling of the heritage building.
Stryker expands warehouse at Waterdown headquarters
Medical company Stryker has completed a major expansion at its Canadian headquarters in Waterdown. The addition boosts the original 80,000-square-foot distribution centre opened in 2018 by about 50 per cent, adding more than 20 jobs.
Camrose casino rolls dice on another relocation application
A Camrose casino has applied once again to relocate to south Edmonton after being denied two years ago. Local charities are not happy about it. The proposed site on Parsons Rd. is roughly the area of two football fields.
Uncertainty hangs over shippers as potential rail strike looms
Shippers and producers held their breath ahead of a possible strike by thousands of railworkers this month that would halt freight traffic, clog ports and disrupt industries. Canadian railways haul more than $350 billion worth of goods each year.
Busy summer continues for NYC office leasing with midtown popular
Office leasing in New York City jumped in July, driven by a rush of activity in Midtown Manhattan. Manhattan signed 3.9 million sq. ft. of leases during the month, according to new data from Colliers. The total is 57.9 per cent higher than in June.
Sun Belt oversupply looms over apartment REITs
A wave of new construction coming to the market in the Sun Belt has left multifamily owners nervous as pandemic-era migration stabilizes. Developers bet big, putting shovels in the ground from Florida to Arizona, but leasing has slowed.
Beverly Hills resort seeks $5.25 billion in property debt
One Beverly Hills, an ultra-luxury California resort developed by Cain International and OKO Group, is seeking $5.25 billion in financing to complete most of the project in time for the 2028 Olympics set to be held in Los Angeles.
Kushner bets big on turning Balkan War relics into luxury hotels
Former U.S. President Donald Trump's son-in-law wants to turn sites in Albania and Serbia into luxury destinations for the jetsetters. Jared Kushner plans to spend over $1B to build hotels and homes through his private equity fund Affinity Partners.
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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