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GTA Q2 office availability rate rises to 20.2%: AY
GTA Q2 office availability rate rises to 20.2%: AY
Office availability rates in the Greater Toronto Area (GTA) continued to rise in Q2, with vacancy rising to 14 per cent and availability hitting 20.2 per cent, according to the latest report from Avison Young.
Cedar Coast dev. to expand Mission, B.C. industrial base 25%
In one major stroke, Cedar Coast will expand Mission's industrial inventory by a quarter. The firm is developing a 400,000-square-foot business park in the community, which neighbours Abbotsford and is located about 75 kilometres east of Vancouver.
Don’t reimpose foreign asset limits on registered plans: IFIC
The federal government shouldn’t revive the foreign property ownership limit for RRSPs and other registered plans, says the Investment Funds Institute of Canada in its submission to the Department of Finance’s consultation on qualified investments, which closed last week.
Economists predict rate cut tomorrow with more to come
Two cuts in a row? You can probably take it to the bank. And with unemployment up and inflation on the way down, many economists are expecting more rate cuts through to the end of the year.
Private sector steps in for students struggling to find housing
As postsecondary students face another fall housing scramble, some companies in the private sector are offering their own solutions to the crisis. One of the most aggressive movers is Alignvest Student Housing Real Estate Investment Trust.
Student residences proposed for York University's 'The Quad'
York University has submitted plans to construct Phase 3 of The Quad Student Residence — a purpose-built student residence consisting of two eight-storey buildings set to bring 579 new units to campus.
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First Capital revises plans for four Steeles Ave. towers
First Capital (FCR.UN-T) has submitted revised plans to the City of Toronto for the redevelopment of a suburban plaza at 1881 Steeles Ave. W. The proposal calls for four towers ranging from 12 to 32 storeys.
Vancouver’s decision on mountain views sparks outrage
OPINION - Vancouver’s mountain views are easily its best feature, which is why city council’s decision to obscure some of those vistas with taller towers is so contentious. Of 38 views, 14 have been eliminated and 11 reduced or altered.
Historic church in Vancouver for sale for $10M
A nearly century-old church in one of Vancouver's most desirable neighbourhoods is for sale. The vendor is pitching the property, located at 4397 West 12th Ave., as a large multiplex development opportunity.
Metrolinx expropriating land for Waterloo region GO service
Metrolinx has the green light to expropriate land in the Halton Hills area to build new tracks and a flyover, bringing two-way, all-day GO service between Waterloo region and Toronto closer to reality.
Charlottetown's BioVectra sold to Agilent for $1.27 billion
A Charlottetown-based biotech and pharmaceuticals manufacturer has been sold to a new international owner for C$1.27 billion. BioVectra was sold to Agilent Technologies Inc. by H.I.G. Capital, including all employees and sites in P.E.I. and Nova Scotia.
New housing to be built beside Kelowna's Peachland school
A six-storey residential building to be built beside Peachland Elementary School has been given some key approvals. Peachland council approved a development permit for the 98-unit complex to be built at Clements Crescent and Wild Goose Street.
Vote expected on 8-storey Charlottetown apartment building
An eight-storey apartment building planned for Charlottetown may soon get a green light without the recommendations from a city-appointed design review. The 85-unit structure on Great George St. needs zoning approval to exceed the six storeys allowed downtown.
Sellers struggling in Toronto's condo market inertia
Jeff Steinman’s home is one of over 6,000 Toronto condo listings on the market, as owners struggle to sell in a climate where buyers are waiting for interest rates and prices to drop further than they have.
Real estate podcasts
Matt Young, Republic Developments: Financing and capital raising, CRE Podcast
Sarah Segal, simplydbs: Filling the Demand Data Gap in CRE, CRE Podcast
Jeff Frick, Menlo Creek Media: Understanding the changing purpose of physical space, Tenant Experience Network
Developers unveil plans for $550M Fulton Market apartment towers
JDL Development and Fulton Street Cos. are planning to build two apartment buildings at an estimated cost of $550M in Chicago's Fulton Market, delivering more than 1,000 new units to the piping hot submarket.
Starwood sells 1 Hotel Central Park for $265M
The largest U.S. hotel REIT has closed on a major Manhattan acquisition. Host Hotels & Resorts paid Starwood Capital Group $233.8M for 1 Hotel Central Park, according to records filed with the city.
Iconic Wrigley Field rooftops to be torn down, replaced by apt. building
A piece of Wrigleyville history will meet the wrecking ball. Chicago City Council has approved a rezoning application to turn a trio of beloved century-old buildings across from Wrigley Field's right-field bleachers into a 29-unit apartment building.
London tourist hotspot hotels bag jumbo £525 million refinancing
Cheyne Capital has provided one of the largest senior real estate loans written in Europe this year, to refinance a portfolio of London hotels clustered around some of the city's best-known tourist landmarks.
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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