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Dream benefits from 'surprising' strength in W. Canada: Cooper
Dream benefits from 'surprising' strength in W. Canada
Dream Unlimited (DRM-T) is “seeing a surprising amount of strength” in Western Canada this year and started off Q1 2024 with strong results in what is typically a quieter quarter, says Michael Cooper, its chief responsible officer.
FlexSpace Logistics grows storage, logistics, fulfillment biz
FlexSpace Logistics, part of the StorageVault Canada organization (SVI-T), has continued to grow and provide warehouse, logistics and fulfillment services for businesses of all sizes since it was founded in 2021.
Genesis sells 40% stake in Calgary development for $21.4M
Genesis Land Development Corp. (GDC-T) announced it has contracted to sell a 40% ownership stake to two separate Calgary based homebuilders in the 160-acre Genesis Huxley development project for gross proceeds of $21.4 million.
 | The Industrial Real Estate Show Supply chain management, with Dr. Jim TompkinsChad GriffithsPartner, NAI Commercial |
‘Enhanced’ minister’s zoning order issued for Ontario Place
The Ontario government is using an “enhanced” minister’s zoning order to speed up construction as it moves ahead with changes to Ontario Place. The eMZO, will “provide development permissions for new and existing land uses at Ontario Place.”
 | Intellifi Corporation Lending in Canada: A closer look at office and insured mortgage originationEvery year since 2013, Intellifi has conducted our Annual Commercial Mortgage Survey, collecting information with respect to non-development mortgage financing, from leading lending institutions across Canada. This year we look at key highlights surrounding the office and insured lending spaces. Sponsored by: Intellifi Corporation |
Leyad acquires Hotel & Spa Lac Brome
Henry Zavriyev, founder and CEO of Montreal-based Leyad, announced the acquisition of Hotel & Spa Lac Brome, a premier lakeside destination nestled along the picturesque Lac Brome in Quebec. This marks Leyad's inaugural foray into the hospitality sector.
Hotel sales value and room prices up in Q1
Canadian hotel sales totalled $750 million in Q1 2024, up 130 per cent year-over-year. Newly released statistics from Colliers Hotels also show a 12 per cent climb in the average price per room, to $168,000 in Q1 2024.
Boeing to invest $240M in Montreal-area innovation zone
Boeing Co. is expanding its sizeable footprint in Canada, becoming the anchor tenant of a new innovation centre in the Montreal area. The plane maker announced contributions of $240 million to the aero hub.
Atlas acquires one acre to advance robotic automation
Atlas Engineered Products (AEP-X) announced the acquisition of an additional one acre of industrial zoned land adjacent to its Clinton Building Components facility in Clinton, Ont., to enhance manufacturing capabilities through automation and robotics.
AI having a profound impact on real estate
PROPTECH PERSPECTIVES: Last year was a big year for artificial intelligence (AI). It propelled innovation across many industries, from real estate to entertainment to health care and insurance and more.
Hitachi invests $140M into Quebec transformer facility
Hitachi Energy is investing $140 million to upgrade its power transformer facility in Varennes, Que., in order to meet accelerating demand for sustainable energy in the province and across North America.
Inflation fell to 2.7 per cent in April
Canada’s annual rate of inflation fell to 2.7 per cent in April, Statistics Canada revealed Tuesday. It was one of the last major pieces of data before the Bank of Canada’s next interest rate announcement.
Sixty years on, Tim Hortons still chasing growth
When Tim Hortons rang in the new year, it marked the occasion with a nod to its humble roots, bringing back a quartet of doughnuts, including some from its earliest days.
Landlord-use most frequently used tool to evict B.C. renters
ANALYSIS: Renovictions – landlords evicting tenants under the guise of renovating their apartments – are a thing of the past in British Columbia’s Lower Mainland, says Robert Patterson, a lawyer specializing in tenancy law.
Altus nixes proposed Situs CRE valuation services acquisition
Altus Group (AIF-T) announced it has delivered a termination notice of its previously announced acquisition of Situs Group’s CRE valuation and advisory services business as it believes the transaction was unlikely to receive regulatory approval in a timely manner.
CPP JV eyes Spanish RE company: Report
CPP Investments and U.S. fund General Atlantic are readying a $5.6-billion Cdn offer to buy Spain’s largest online real estate company Idealista, Spanish newspaper Expansion reported on Friday, citing unidentified market sources.
Red Lobster seeks bankruptcy protection
U.S.-based restaurant chain Red Lobster has filed for Chapter 11 bankruptcy protection in a Florida court after securing $100 million in financing commitments from its existing lenders, the company said on Sunday.
WeWork moves to keep 89 more locations
WeWork plans to assume 89 leases across the U.S. and Canada, according to a Friday bankruptcy court filing. The new lease assumptions would bring its total rent commitment reductions to more than $11B, according to a news release.
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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