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Rosefellow leases new spec industrial building in Ottawa
Rosefellow leases new spec industrial building in Ottawa
Rosefellow has leased a new 248,498-square-foot industrial space in Ottawa's Kanata West Business Park to AutoShack - the city's largest spec industrial leasing deal. It's still seeking tenants for a companion 230,247-sq.-ft. facility at the park.
Two purchase offers for Montreal's Voyageur block
After two decades of real estate fiascos, things are finally moving on the Voyageur block. Two groups have offered to buy the site from the City of Montreal to build up to 1,000 new housing units.
Two major north-end Halifax developments moving ahead
Two massive, city-building development projects in north-end Halifax are in different stages but are making progress — the Downtown Gateway (near Citadel Hill) and Strawberry Hill (by the car dealerships on Kempt Road).
Anthem to JV with Crestpoint on Burnaby's Boot office redev.
Crestpoint Real Estate Investments Ltd., and Anthem Properties are continuing to expand their relationship, with Anthem announcing it is acquiring a management and development stake in a major, master-planned Crestpoint development at “the Boot” in Burnaby, B.C.
The new industrial RE complex: Higher, more amenities
Metro Vancouver has had one of the strongest industrial markets in the country for several years. Strong demand for industrial space has brought increased developer competition, and it stands to reason that competition often results in excellence and innovation.
Nearly 2,000 hotel rooms planned for waterfront Richmond
In May 2024, Richmond City Council approved the official community plan amendments and the rezoning application for the mammoth waterfront project to develop the Richmond Night Market site into an entertainment district with a wide range of commercial-only uses.
Wildfire caused $283M in lost property value in Jasper
Jasper says early numbers indicate last month’s wildfires destroyed $283-million worth of property. The town also reports that while 358 structures were destroyed, mostly businesses and homes, the total number of housing units lost is about 800.
Alberta urged to adjust building codes in wake of hailstorms
Tens of thousands of homes in north Calgary were left with shredded siding and damaged roofs after last week's destructive hailstorm, leaving many wondering how to prepare before another storm inevitably strikes.
CNE's future at risk as development plans loom: festival head
The Canadian National Exhibition opens its doors Friday and organizers say while they expect the public to come out in droves, there are concerns about CNE longevity as a proposed parking lot and hotel could result in loss of space.
Hot deals aren't luring wary retailers to downtown Ottawa
Ottawa's downtown core is still riddled with dozens of empty shops, and real estate brokers say it means deals for retailers just as public servants prepare to spend more time in the office. But prospective tenants remain skeptical.
ByWard Market has become ‘a market name and history’ only
Once filled with specialty food stores and niche grocers, the ByWard Market has shifted away from its roots as a traditional food market, area business owners say, and some aren’t sure the trend can be reversed.
Teachers' fund positions itself for increase in deal-making
Ontario Teachers’ Pension Plan is polishing up its portfolios to get ready for a pickup in deal-making, but a slow market for mergers dominated by bargain-hunting buyers is making it hard to sell company, real estate and infrastructure assets.
Canadians top foreign buyers of U.S. housing in past year
Canadians were the top foreign buyers of U.S. housing from April 2023 to March 2024, acquiring 7,100 housing units for approximately $5.9 billion US, according to a report from the National Association of Realtors.
B.C.'s old covenants could still hamper multi-unit projects
The B.C. government acknowledged Tuesday that housing legislation it passed to allow more housing units on single-family lots does not override old land-title covenants that could restrict the construction of multi-unit buildings on a property.
Contentious Kelowna apartment dev. back before council
Developers of a controversial four-storey apartment at Wilkinson Street and Springfield Road will be back before council Monday seeking a development permit for their project. The proposal includes 107 units and would offer rental housing in perpetuity.
Changes made to capital gains rules, but concerns remain
The Liberal government is changing a capital gains tax exemption applied when a business owner sells their shares, but advocates say it doesn't go far enough. The founder requirement to qualify for an exemption on business shares was removed.
Data centre market to cross $300 billion by 2026: JLL
A projected surge in data-dependent technologies, including the Internet of Things and generative artificial intelligence, will require substantial IT infrastructure support provided by edge data centres. JLL predicts this market will grow to $317 billion globally by 2026.
Rialto, Blackstone ramp up foreclosures on Signature Bank borrowers
Since taking over Signature Bank’s $17B commercial real estate loan book last year from the Federal Deposit Insurance Corp., the joint venture helmed by Blackstone and Rialto Capital has stepped up the pressure on borrowers in default.
ECB finds weaknesses in how banks value commercial real estate
The euro region’s top financial regulator has warned of widespread issues in how banks value the collateral underpinning tens of billions of commercial real estate loans, highlighting the potential for lenders to underestimate their vulnerability to a property crash.
Costco warehouse and housing coming to South Los Angeles
A Costco-owned location has been approved in South Los Angeles for a mixed-use project with 800 residential units above a big-box store, 184 of which will be set aside for low-income tenants.
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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