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'Absolutely extraordinary' Montreal industrial market begins to slow
'Absolutely extraordinary' Montreal ind. market begins to slow
While it’s no longer on fire as it was during the pandemic and vacancy rates are on the upswing, Montreal’s industrial market still favours landlords says Vincent Iadeluca, senior vice-president, real estate broker at Colliers.
ATCO acquires NRB, Canada's largest modular builder
ATCO Structures has acquired Dexterra Group’s NRB Modular Solutions — a $40-million bet it’s confident will pay off in a country beset by exorbitant building expenses, home prices and labour shortages.
KDDI's Telehouse Canada launches its Toronto data centres
Data centre service provider Telehouse - a division of Japanese telecom KDDI - is launching its three data centres in downtown Toronto to act as a meeting point for internet traffic flow. KDDI / Telehouse acquired the sites last year for $1.35B.
Sobeys, Loblaw's property control probe to go ahead
The Competition Bureau has obtained two court orders to advance its investigations into Empire Company's and George Weston's use of property controls. The investigations focus on assessing the use of property controls in the Halifax Regional Municipality.
 | Colliers Canada Brokerage The opportunity in Calgary’s suburban & beltline office marketsWe are seeing a reduction in office footprints as organizations implement new workplace strategies. Yet in the aftermath of the pandemic, Calgary’s Suburban office market has boasted a strong return. Sponsored by: Colliers Canada Brokerage |
Responsible Buildings Pact to boost low-carbon materials
The Climate Smart Buildings Alliance, led by Royal Bank of Canada, Mattamy Homes and EllisDon, has unveiled an initiative that will have its members pilot the adoption of low-carbon building materials, starting with concrete.
HOOPP honours Vancouver Centre, The Amazing Brentwood
At the 13th annual HOOPP LEAP awards, SHAPE's The Amazing Brentwood in Burnaby and GWL Realty Advisors Inc.'s Vancouver Centre in Vancouver earned the Sustainability Achiever Award and the GHG Performer Award, respectively.
Granite REIT receives court approval to revise structure
Granite REIT (GRT-UN-T) announced today the Supreme Court of British Columbia has issued a final order approving its plans to simplify its capital structure by replacing its current stapled unit structure with a conventional REIT trust unit structure.
Prospero, Five Mile propose 22-storey, mixed-use
Prospero International Realty and Five Mile Holdings are proposing to redevelop 2225 West 8th Ave. in Kitsilano with a 22-storey, mixed-use building which would include 193 secured purpose-built rental homes in addition to three retail/restaurant units.
Scarabelli resubmits plans for 16-storey mixed-use
Ottawa-based Scarabelli Realties has proposed a 16-storey tower at 30-48 Chamberlain Ave. that would contain nearly 3,400 square feet of ground-floor commercial space and 160 residential units in a mix of bachelor and one-, two- and three-bedroom apartments.
Mi’kmaq First Nation to acquire two N.S. shipyards
Nova Scotia's Glooscap First Nation says it has reached an agreement in principle to acquire a majority stake in the B. Boutilier Group of Companies, which currently owns the historic Lunenburg Shipyard and the nearby East River Shipyard.
Number of renters in Canada hits unprecedented heights
Renters in Canada have climbed to 33 per cent of households — the highest percentage yet — as their numbers are swelled by the high cost of homeownership and aging demographics. Montreal leads the way with 63 per cent of households renting.
Plans to double housing in Caledon fuel concerns
Caledon, a town northwest of Toronto, is proposing to more than double its housing stock over the next two decades, far exceeding its provincial growth target and fuelling concerns from some residents about the rapid pace of development.
London looks to spur more high-density development
City hall is looking to tweak its master-planning document to spur more high-density development at two major destinations in central London - the intersection of Oxford and Richmond streets and the former Kellogg lands in east London as “transit villages."
Clark Builders marks 50 years in construction industry
Clark Builders is one of Calgary’s leading construction companies, but it all began 50 years ago when Andy Clark took on his first project in Yellowknife, where the company first grew with a focus on northern development and remote work.
U.S. office sector will worsen in 2025: Fitch Ratings
U.S. office loan performance is set to slump even further in 2025, Fitch Ratings said. After the market significantly underperformed in May, the rating agency has increased its office delinquency forecast to 8.4% and 11% through this and next year.
Interest rate stability reignites industrial deal flow
After months of muted transaction volume, industrial loans made a triumphant comeback during the first few months of the year. Despite interest rates remaining at a two-decade high of roughly 5.3%, they are no longer moving, getting trades flowing again.
Brookfield, Simon zero in on $160M acquisition of Express
Two landlords of Express Inc. stores, Simon Property Group and Brookfield Properties, are getting closer to acquiring their troubled tenant and keeping the brand alive after a Delaware bankruptcy judge said bidding for the retailer could move forward.
Non-traded REITs tinker with liquidity features
Two non-traded REIT sponsors' recent moves to anticipate rising redemption requests for their non-traded REITs might spook some investors. Still, industry analysts said the two companies are doing the right thing for their shareholders.
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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