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Canada's industrial market is slowing, but remains strong
Canada’s industrial market is slowing, but remains strong
Canada’s national industrial real estate vacancy rate rose for the third consecutive quarter to 1.9 per cent, according to JLL's (JLL-N) Canada industrial insights, and rents have started to stabilize.
Northwest changes top execs, begins strategic review
Northwest Healthcare Properties REIT (NWH-UN-T) has announced a sweeping series of changes to its senior management – including the departure of Paul Dalla Lana as CEO and chair of the board – and a strategic review of its portfolio.
Van. School Board looks to sell Kingsgate Mall
The Vancouver School Board wants to take back Kingsgate Mall, a valuable property it has been leasing to developer Ryan Beedie, indicating to a judge it might sell the land worth hundreds of millions of dollars for development.
Mach eyes demolishing office buildings for land underneath
Groupe Mach president Vincent Chiara is convinced he’s caught onto something everyone else has missed: Canadian office building prices have now plunged so much that in many cases they’re actually below the value of the land itself.
'Nothing but opportunity' ahead in CRE: AY CEO
Some segments of the commercial real estate market have been under pressure amid rising interest rates and the rise of work from home. However, Mark Rose, CEO and chairman of Avison Young Canada Inc., is feeling optimistic these days.
Duravit to build first climate-neutral ceramics factory
German ceramics company Duravit AG will build what it bills as the world’s first ‘climate-neutral’ ceramics facility in Matane, Que., with plans to run it entirely on hydropower to eliminate greenhouse gas emissions.
 | 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 |
Halifax hotel rates jump 20% as visitor numbers climb
According to Ross Jefferson, the president and CEO of Discover Halifax, the average daily rate for a hotel room in and around the city jumped from $184 in 2022 to $219 in 2023.
Small-scale retail boosts livability in Calgary
In 2019, the City of Calgary launched Next Generation Planning, a program that integrates nine initiatives to incentivize a wider breadth of uses across the city’s residential neighbourhoods and transform them from sleepy bedroom communities to vibrant hubs of activity.
Rising rents putting squeeze on small Verdun businesses
After 11 years in business, Anne St-Hilaire is packing up. Her store, La Tienda — a travel agency and a purveyor of hiking equipment — is relocating from Wellington Street in Verdun to another street in the Montreal borough.
An ode to Montreal's old-school dépanneurs
OPINION: Dépanneurs - no-frills convenience stores often shortened to “deps” - are a unifying part of our heritage in Quebec. Sadly, they are likely a dying breed, as profits are slim and the work hours onerous.
OPA! of Greece rapidly expanding across Canada
OPA! of Greece continues to expand across the country with an emphasis on street-front locations. Recently, the Calgary-based brand opened its 13th location in Edmonton and another in Canmore, increasing its national quick-service restaurant count to 109.
U.S. office REITs up 13.32% in July
Total returns for the Nareit All Equity REIT Index rose 2.00% in July — the second consecutive monthly gain following a 5.36% rise in June — and much-maligned office REITs led the way, with a 13.32% gain in total returns for July.
Depressed RE spurs investors to create new REITs
BentallGreenOak, EQT Exeter, Invesco Real Estate, Sculptor Capital Management and ExchangeRight all filed with the Securities and Exchange Commission within the last two months to launch non-traded REITs to take advantage of lower valuations of basically every property type.
‘A tsunami of AI demand’ hitting data centres
The second quarter saw hyperscale giants like Microsoft and Google continue their massive investments in data centres to support AI, driving a streak of massive lease deals that may just be a preview of what’s to come.
Even Zoom is calling employees back to the office
Zoom Video Communications Inc., (ZM-Q) a one-time darling of the work-from-home era, is calling workers back to the office. Employees who live near a Zoom location must be on-site two days a week, a company spokesperson said.
Vancouver's multiplex rules could stunt ‘stealth density’ projects
Old character houses won’t be eligible for the higher density of a multiplex under Vancouver's new “missing middle” proposal to streamline zoning, increase allowable floor space and allow up to six units on a larger residential lot.
'Poison pill' restrictions crushing Victoria multi-unit housing
Victoria was the first B.C. municipality to adopt a policy to allow up to six units on a single family lot, but developers claim too many “poison pill” restrictions effectively kill any project that doesn’t conform to the single-family-home esthetic.
Van. commutes affecting homebuyer demand and prices
The relationship that commuting has with homebuying touches on several different topics that relate to housing, says Michael Geller, a real estate consultant and retired architect. “A lot of people don't always make the correlation between housing and transportation costs."
Alberta called Canada's top market for landlords
Alberta is being hailed as the top rental apartment market in Canada and Edmonton is the best investment play for landlords, experts contend. After nearly a decade of sleepy action, both immigrants and investors are awakening to Edmonton’s potential.
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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