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Are Vancouver's industrial space crunch, leasing rates Calgary's gain?
Are Van.'s ind. space crunch, leasing rates Calgary's gain?
Industrial vacancy in Metro Vancouver is expanding for the first time in many years with supply making slow progress to catch up to demand — all with a backdrop of economic uncertainty that could pull more competition from the local economy.
IMCO reimagines its new 16 York headquarters
Employers are gradually mandating workers back to offices, but not without first inducing them with progressive spaces. Count the Investment Management Corporation of Ontario (IMCO) among the GTA corporations which have used pandemic-induced office furloughs to reimagine their office experiences.
Feds to deliver $15B in rental housing loans
The federal government will announce several housing-related measures – including new rental home construction loans and guidelines for homeowners managing looming mortgage renewal shocks – in a slimmed down fall economic statement aimed at responding to affordability concerns.
Nanaimo council supports Seacliff's mixed-use project
Nanaimo council has given qualified support to Seacliff Properties' Sandstone mixed-use development. The $2 billion investment would include 800 single-family lots, 500 townhouses, 900 multifamily units, 177,604 square feet of commercial and 1.8 million-plus square feet in industrial space.
The Well celebrates initial opening
Friday marked a landmark occasion for The Well, touted as Toronto's most ambitious mixed-use development, as RioCan REIT celebrated the initial opening of its key phases. The event showcased the near completion of The Well’s commercial, residential and retail spaces.
 | Trez Capital Multi-family investment: Opportunity in a challenging marketWhile the North American commercial real estate market faces unique challenges, the multi-family real estate asset class has shown remarkable resilience, even in the continued current high-interest-rate environment. Sponsored by: Trez Capital |
Dev. land for Ottawa TOD Falcon Ridge Village for sale
A vision for a 15-minute, walkable community underpinned by LRT access is behind Ottawa's proposed 163.5-acre Falcon Ridge Village. The land on which to build is for sale to any developer who might bring it to life.
EllisDon to build Hamilton’s FirstOntario Centre
EllisDon has been selected as construction manager for the $280-million renovation at FirstOntario Centre in Hamilton after the city signed a deal with OVG and the Hamilton Urban Precinct Entertainment Group to green-light the project.
Strong leasing activity in retail sector: CF
At the recent Calgary Real Estate Forum, Darryl Schmidt, vice-president, national leasing, Cadillac Fairview, said a wave of athleisure brands have entered the Calgary market at CF Chinook Centre and CF Market Mall.
Grafton Apparel acquired by Stern Partners
Grafton Apparel, which operates 127 retail stores and three e-commerce websites across the Tip Top, George Richards Big and Tall and Mr. Big & Tall banners, has entered a sale agreement with an affiliate of Canadian private investment company Stern Partners.
Bad Boy gets court approval to start liquidation sale
An Ontario court has granted Pickering, Ont.-based Bad Boy Furniture Warehouse Ltd. permission to begin liquidating its 12 southern Ontario stores as it works to restructure the business.
Deep Sky raises $75M for commercial facility, research, hires
Deep Sky, a Montreal-based carbon removal company, has received $75 million in Series A funding to assist in planning a commercial-scale carbon removal facility in Quebec and support further research in the emerging field.
Inflation dropped to 3.1% in October: Statistics Canada
Canada’s annual inflation rate fell to 3.1 per cent in October from 3.8 per cent in September, Statistics Canada said Tuesday. The result matched financial analysts’ expectations and was largely driven by gasoline prices, which fell 6.4 per cent month-over-month.
OPINION: Toronto’s next chief planner needs to go big
Ever since Gregg Lintern took over as chief planner for Toronto in 2018, the field has been turned upside down. The pandemic enhanced inequality in our cities, and critics argued that the whole business of planning needed a shakeup.
BBVA moving NYC HQ to Brookfield tower
Global financial services firm BBVA is leaving its current digs in Midtown for a new home in Brookfield Properties’ new skyscraper near Penn Station, Two Manhattan West. BBVA will occupy 74,000 square feet in the 58-storey tower, Brookfield announced.
Japanese pension fund invests $1B in Brookfield, Blackstone
Japan’s Government Pension Investment Fund is putting $1 billion into real estate funds managed by Brookfield and Blackstone, the first time it has invested in real estate funds. GPIF has $1.4 trillion US of assets under management.
U.S. CRE loan activity to drop off in Q4: DBRS
Issuance of securities backed by U.S. commercial real estate loans posted a rare rebound last quarter, but sector struggles will likely persist through 2023, according to ratings agency DBRS Morningstar.
Office rents rise despite leasing malaise
Companies in the market for office space are failing to find rock-bottom rent deals, even as landlords face a wave of maturing debt and rising market vacancy, panellists said during Bisnow’s Atlanta office event last week.
Chinese bonds, shares jump on funding support plan
Chinese developers’ bonds gained along with their shares after authorities began drafting a list of 50 real estate firms that would be eligible for a range of financing as Beijing sought to support the embattled property sector.
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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