LocationsRecent Articles
'Optimistic' earnings outlook for Canada's REITS
'Optimistic' earnings outlook for Canada's REITs
The commercial real estate market continues to face challenges due to high interest rates, costs and scarcity of capital - but a sense of optimism is growing according to at least one industry monitor.
BRP to lease 750K-sq.-ft. distribution hub in Quebec
Valcourt, Que.-based BRP (Bombardier Recreational Prducts) is finalizing an agreement to become the tenant of a 750,000-square-foot-plus state-of-the-art logistics centre in Saint-Philippe, Que. The $100 million building will be developed by Rosefellow.
Federal Court scraps GTA CN Rail hub
A Federal Court decision has nixed Ottawa's approval of Canadian National Railway Co.'s massive rail-and-truck hub in Milton, Ont., ruling it will have a harmful effect on human health, particularly through its impact on air quality.
Time to rethink Toronto’s tall buildings
OPINION The question is whether Toronto’s 12-year-old policies governing the design of tall buildings in the downtown core need to be revamped, not only to accommodate this next wave of development but also to encourage far more architectural variety.
 | GWL Realty Advisors Understanding office in 2024Office vacancy rates post-COVID increased because of cyclical changes from a wave of new supply and structural changes from office work going paperless and wireless. COVID-19 did not create cyclical or structural changes—but did accelerate the paperless shift. Sponsored by: GWL Realty Advisors |
Nanaimo a hotbed for residential, industrial development
The City of Nanaimo is in a development boom with a full pipeline from downtown projects to master-planned communities including a Telus and Omicron Architecture Engineering Construction partnership on a $70-million rental development in the Old City Quarter.
Edmonton CRE should see a rise in 2024: CBRE
As credit conditions return to normal and investors get better access to finance capital, Edmonton’s commercial real estate investment activity is expected to recover in 2024, according to Commercial Real Estate Services (CBRE) managing director Dave Young.
Gordie Howe Bridge CEO explains higher costs, delays
Even with the most recent $700-million spike in cost to $6.4 billion, Windsor-Detroit Bridge Authority CEO Charl van Niekerk says the Gordie Howe International Bridge project remains a bargain.
Calgary’s iconic Eau Claire Market to close May 31
Harvard Developments' iconic Eau Claire Market will close on May 31 to make way for the construction of Calgary’s Green Line LRT station and allow for future redevelopment in the area.
RONA completes transformation with launch of RONA+
Canadian retail giant RONA has completed the transition of 56 stores from the Lowe’s brand to RONA+ throughout the country and has launched a pilot project of changing the banners on its Réno-Dépôt stores in Quebec to RONA+.
Apparel sector braces for another year of no splurging
Less snow than usual in many parts of Canada, along with high inflation, put a damper on splurging during the typically busy holiday season. Now retail industry watchers say apparel companies are staring down an equally fraught year ahead.
Sphere's Niagara housing projects reflect changing markets
Mississauga-based Sphere Developments’ collection of three stacked townhome projects in the Niagara Region are designed to address a changing housing market in St. Catharines and Welland, according to the company.
O-Rive residential dev. breaks ground in Montréal-Est
Groupe Evoludev and the Fonds immobilier de solidarité FTQ have started construction on O-Rive, a rental housing project in a redeveloping Montréal-Est neighbourhood. The Broadway Avenue building will feature 117 rental units spread over six floors, plus ground-floor retail space.
Ottawa real estate investor guilty of 27 counts of fraud
Prominent Ottawa real estate investor James Edward “Jim” Pellerin, who has authored multiple books on the subject, has been found guilty of defrauding 17 different lenders of $30,000 each on a failed house-flipping scheme in Carleton Place.
156th TCA Best of the Best Awards announced
Rogers Centre renovations, the University Health Network Critical Infrastructure Reliability Project and Sky Canoe Headquarters and Training Centre were recognized as the best projects in 2023 by the Toronto Construction Association (TCA).
Amazon pays $650M for nuclear-powered data centre campus
Amazon Web Services has acquired Talen Energy’s Cumulus data centre campus in Luzerne County, Pa., a facility powered entirely by an adjacent nuclear power station. The 1,200-acre campus is connected directly to Talen’s 2.5-gigawatt Susquehanna Steam Electric Station.
U.S. hotels continue comeback
Cost increases plagued the nation's biggest hotel chains in 2023, with expenses like labour and insurance eating into margins. But a steady stream of leisure travellers and higher room rates helped the companies maintain profitability.
Whole Foods rolls out smaller-format concept
The next locations of the Amazon-owned grocery store Whole Foods will be smaller and have more streamlined offerings in an attempt to capture business from urban shoppers looking to get in and out of the store quickly.
WeWork creditors ask bankruptcy court to sue SoftBank
A committee made up of WeWork junior creditors has asked the bankruptcy court handling WeWork's reorganization to approve a lawsuit against SoftBank, the Japanese conglomerate that is WeWork's largest investor.
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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