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Crown buys suburban GTA office The Sheridan Exchange
Crown buys suburban GTA office The Sheridan Exchange
Crown Realty Partners has acquired The Sheridan Exchange, a two-building office complex in Mississauga, Ont., from Slate Office REIT for $25.6 million.
Office vacancy forecast to peak at 15% in Q2 2025: Colliers
Canada's national office vacancy rate is expected to peak at 15 per cent by the end of Q2 2025, according to a new Colliers report.
 | The Industrial Real Estate Show Industrial real estate in 2024 featuring Sean DalfenChad GriffithsPartner, NAI Commercial |
Vancouver Centre II having difficulty keeping tenants
GWL Realty Advisors’ Vancouver Centre II office tower officially opened a year ago, but it has been one step forward, one step back in terms of filling its floors, according to local commercial real estate agents.
'People are coming back to the office': Sun Life CEO
VIDEO: Kevin Strain, president and CEO of Sun Life, says headwinds in the office real estate sector are likely to continue this year, but he remains positive about the industry’s long-term outlook.
Modular building offers solutions for Canada's housing: CSA
Modular construction is a way to rapidly, affordably and sustainably build the housing, hospitals and long-term care homes Canada needs as its construction industry faces pressure, according to the CSA Group's Seizing the Modular Construction Opportunity report.
 | North American Steel Rack synergy: How agents can boost client valueDiscover the transformative synergy between industrial agents and racking manufacturers, propelling beyond transactions to architects of operational excellence. This collaboration ensures optimal solutions, tailored layouts, and value-added services, making agents indispensable partners in clients' enduring success. Sponsored by: North American Steel |
CRE market outlook remained steady in Q4: Morguard
The Canadian commercial real estate sector garnered a steady level of interest overall amid economic uncertainties during the fourth quarter of 2023, according to Morguard's (MRC-T) 2023 Economic Outlook and Market Fundamentals Fourth Quarter Update.
Geosapiens’ homegrown flood model a first for Canada
Quebec City-based Geosapiens has developed what it says is the first Canada-wide flood model from a Canadian firm that can precisely forecast flood risk. The company says it has been developing its model for five years.
Toronto strip plazas considered for tax discount
Nearly 30 per cent of Toronto strip plazas are in line for a property tax break if city council approves the proposed new measure in its 2024 budget deliberations.
State of good repair lags in City of Toronto
Toronto is backsliding on the upkeep of municipal facilities, with a state of good repair (SOGR) backlog that’s projected to surpass $1 billion this year and then continue accumulating to nearly $1.47 billion over the next decade.
Couche-Tard CEO made $132M from stock options
Alimentation Couche-Tard Inc. (ATD-T) CEO Brian Hannasch earned an estimated profit of almost $132 million by selling $172 million worth of shares in the company over the past 11 months.
CRTC asked to remove agreements with condo developers
Independent telecommunications provider Beanfield Metroconnect is asking the industry regulator to outlaw arrangements between carriers - specifically Rogers Communications Inc. - and developers that provide turnkey internet service for all units of a particular condo building.
Feds’ $176M should go toward infrastructure: Claridge
A $176-million influx of federal cash to speed up housing construction in Ottawa should be spent on upgrading sewers and other infrastructure in neighbourhoods not equipped to handle additional density, Claridge Homes vice-president Neil Malhotra said.
Brookfield India REIT’s Q3 NOI up 89% Y-O-Y
Brookfield India Real Estate Trust reported an 89 per cent rise in net operating income in Q3, on the back of income from lease rentals that rose 90 per cent and revenue that was 77 per cent higher year-over-year.
The Body Shop hires insolvency administrators
U.K.-based The Body Shop International, which has collapsed into administration, has more than 3,000 retail locations in 70 countries, including 110 standalone shops in Canada. The Canadian locations will not be affected, according to a statement.
U.S. CRE loans coming due in 2024 soar to $929B
Nearly 20% of outstanding debt on U.S. commercial and multifamily real estate — $929 billion — will mature this year, requiring refinancing or sales. The volume of loans coming due swelled 40% from an earlier estimate by the Mortgage Bankers Association.
Blackstone to merge warehouse owners, create U.K. giant
Blackstone plans to merge two warehouse landlords it took private to create one of the U.K.’s largest owners of industrial property. The move could potentially pave the way for an eventual sale or an initial public offering.
Tritax offers to buy U.K. REIT in $1.6B all-share deal
Tritax Big Box REIT has offered to buy out UK Commercial Property REIT in an all-share deal valued at $1.6 billion Cdn. The acquisition would create the U.K.’s fourth-largest public property company with a $10.2-billion-plus portfolio.
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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