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Sales of GTA condos, high-density land continue to decline
Sales of GTA condos, high-density land continue to decline
Developers are increasingly hesitant to launch high-rise projects in the Greater Toronto Area due to market uncertainty and a lack of confidence in reaching their pre-construction sales targets, according to Bullpen Research & Consulting Inc. president and owner Ben Myers.
Housing gap provides growth opportunities: CAPREIT CEO
In a roundtable discussion, CEO Mark Kenney discussed the significant gap between housing demand and supply, noting that four to five million new homes are needed over the next seven years, presenting growth opportunities for REITs such as CAPREIT (CAR-UN-T).
Onni proposes seven towers for Coquitlam College
Onni Group has proposed seven towers between 28 and 50 storeys for a transit-oriented development on 7.2 acres on the Coquitlam College campus. The 2,500 homes would include 1,813 market strata condominium homes and 687 secured purpose-built rental homes.
Clifton Blake, Wilkinson Const. merge to form CB Wilkinson
Real estate investment company Clifton Blake and Wilkinson Construction Services Inc. have announced a merger that will create a fully integrated Toronto-based development and construction firm named CB Wilkinson.
Feds, Ontario reach $357M deal for affordable housing
Ottawa and Queen’s Park have reached a deal ensuring $357 million in federal funds will flow to the province to build affordable housing, federal Housing Minister Sean Fraser and provincial Municipal Affairs and Housing Minister Paul Calandra announced Tuesday.
 | 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 |
Cost of living major hurdle to Vancouver tech growth
A report from JLL says the Vancouver tech scene will grow by 11.9%, amounting to 84,723 tech jobs by 2028. It will be held back by the cost of living and because available space for tech companies is shrinking.
Software firm relocating to larger Ottawa office
Software producer Campaigner, which has about 100 employees, is moving to a larger office at 319 McRae Ave, in Ottawa's Westboro neighbourhood. Ottawa-based Campaigner will move into the 10,700-square-foot space in August.
How AI is affecting the CRE sector
For commercial realtors hit by high interest rates and low office occupancy, artificial intelligence has promise as a potential gateway to greater productivity. Real estate agencies are betting data science can come to the rescue with new efficiencies.
Hariri Pontarini wins award for The Well
Toronto architectural firm Hariri Pontarini Architects picked up the Council on Tall Buildings and Urban Habitat (CTBUH) Tall Building Design Award for its LEED Platinum office tower that anchors The Well in downtown Toronto.
TAS, Greenbilt recognized for tackling housing, sustainability
The 2024 finalists for BILD’s DelZotto Fearless Innovator Award, Greenbilt Homes and TAS, are both making strong statements has about modern homes and some of the innovative companies that are building them.
Report urges fund managers to embrace impact investing
A report published by the Fondaction-backed Canadian Impact Investing Working Group, Scaling Impact Investing in Canada Through Mobilizing Asset Owners, is urging institutional fund managers to pursue environmentally and socially conscious investment strategies.
German retailer Wellensteyn plans 20 Canadian stores
Norderstedt, Germany-based Wellensteyn, an iconic outdoor coat and accessory company that caters to fashion and function, is expanding into Canada with at least 20 stores to be launched in the next five years.
Joseph Richard Group businesses for sale
The Joseph Richard Group is putting all of its 19 B.C. restaurants and related businesses up for sale as part of the process to get its books back in order while in creditor protection, principal Ryan Moreno said.
Indigo shareholders vote to go private
Indigo Books & Music Inc. (IDG-T) shareholders have voted to approve a deal that will see the retailer become a private company. The offer of $2.50 per share comes from Trilogy Retail Holdings Inc. and Trilogy Investments L.P.
Is The Beer Store finished?
With the announcement last week by Premier Doug Ford that beer, wine, cider and seltzers will be coming to corner stores across Ontario, The Beer Store is on the verge of disappearing from the retail scene, experts say.
NAIOP survey reveals new optimism in CRE
The commercial real estate industry is anticipating a slightly smoother year ahead, according to a new survey of NAIOP members. The survey found favourable sentiment among the industry organization’s membership for the first time since spring 2022.
Prologis sells Twin Cities industrial portfolio for $284.6M
Multiple limited liability companies affiliated with EQT Exeter have acquired a roughly 5.1 million-square-foot industrial portfolio in metro Minneapolis-St. Paul, public records show. Prologis sold the assets for a combined $284.6 million.
Wayfair makes foray into brick-and-mortar retail
Wayfair, an established online home goods store, has opened its first large-format physical store, a 150,000-square-foot, two-storey location in the affluent northern Chicago suburb of Wilmette, Ill. The store opened in time for the Memorial Day weekend.
Developer plans $5B redev. of Oakland A’s stadium
As the MLB's Oakland Athletics play their last season at Oakland Coliseum, African American Sports & Entertainment Group has purchased the city's stake in the stadium site, part of a $5B plan to redevelop the area for mixed-use.
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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