Tal holds fast to forecast: Interest rate cuts likely this summer

CIBC World Markets deputy chief economist Benjamin Tal believes major global economies are slowing down, but told the audience at the Feb. 27 CBRE Canadian Market Outlook in Toronto he thinks that’s a good thing for the Bank of Canada.

Real estate fund sues Mizrahi over unpaid debt

Constantine Enterprises, the private real estate fund co-founded by Edward Rogers and Robert Hiscox, wants an Ontario judge to appoint receivers for two condo projects it co-owns with developer Sam Mizrahi, alleging Mizrahi owes Constantine tens of millions of dollars.

Tarion facing 'largest claim event' in its history

Tarion, Ontario's real estate consumer watchdog, says it is facing the "largest claim event" in its history and is expecting to owe more than $90 million to homebuyers this year as builders walk away from home and condo projects.

Concert acquires Calgary's Rockyview Business Park

Concert Income Properties has expanded its presence in one of Western Canada’s fastest-growing industrial areas, acquiring the 436,921-square-foot Rockyview Business Park near Calgary.

Thind to convert 10 floors of Burnaby tower to hotel use

On Monday, Burnaby City Council supported a request by Thind Properties to convert 10 floors within its 48-storey Highline Metrotown tower from its previously planned office use into hotel use. The project received final approval in October 2018.

OPINION: Caisse CEO Charles Emond can stand the heat

Charles Emond had just moved into the CEO’s suite at Caisse de dépôt et placement du Québec in early 2020 when the bottom fell out. Within days, a pandemic ended more than a decade of relative calm in financial markets.

Full hit of CRE losses for banks still to come: Veritas

VIDEO: Nigel D’Souza, senior investment analyst at Veritas Investment Research Corp., dicusses what investors should be looking at when Canada’s big banks report earnings this week. Margins, credit losses and capital markets will be in focus this quarter.

RioCan's revised proposal calls for four rental towers

RioCan has doubled the density on a proposed Toronto mixed-use rental development for 3180 Dufferin St. The revised plans propose 18-, 20- 23- and 25-storey towers with 1,180 housing units, up from the original proposal of 555 units.

Tri-Cities turn to TOD to accommodate population boom

Population growth, increasing demand for housing and new provincial legislation have led to an increasing number of master-planned communities, new transit-oriented development (TOD) and a rethinking of the kinds of developments that are needed in throughout British Columbia's Tri-Cities communities.

Kerrisdale Village assessment increases shock retailers

Vancouver’s west side shopping districts are emptying out and Kerrisdale Village could be next, say business owners, now that BC Assessment has issued property assessment increases of around 25% on several retail properties along West 41st Avenue, near West Boulevard.

Robson Street in flux as new retailers prepare to open

Vancouver’s Robson Street is seeing new retailers opening as the popular shopping street continues to transition. Several new retailers will be opening in the coming weeks and months, while some closures and a cancelled project will impact the area.

Braya renewable diesel refinery in N.L. begins operations

The Braya Renewable Fuels refinery in Newfoundland and Labrador has started operations, giving the facility a second life as a site for renewable diesel production. The site was formerly the Come by Chance petroleum refinery.

BMO cuts exposure to ultra-long mortgages

Bank of Montreal is slowly whittling down a pile of ultra-long mortgages it granted to Canadian customers to help them handle the rapid rise in interest rates. By early last year, nearly a third had amortization periods exceeding 30 years.

Moncton votes for higher-density housing

Moncton councillors have voted unanimously in favour of a plan calling for higher-density housing developments over the next 25 years to accommodate a booming population. The urban growth strategy calls for a "compact" strategy focused on 11 city sites.

REOC fourth-quarter financial results

Parkland Corp., (PKI-T), Canada Newswire

Timbercreek Financial, (TF-T), Globe Newswire

Tricon Residential, (TCN-T), Business Wire

Probe of Blackstone's Tricon takeover bid underway

Former Louisiana AG Charles C. Foti, Jr., and the law firm of Kahn Swick & Foti are investigating the proposed $3.5-billion US sale of Tricon Residential (TCN-T) to Blackstone (BX-N) to determine whether the consideration is adequate.

BREIT liability to University of California reaches $560M

After writing down the values of some properties in its investment portfolio, Blackstone's returns on Blackstone Real Estate Income Trust (BREIT) have fallen below the threshold it promised the University of California. 

Central Europe's CRE investment plummets by 55%

Investment in CRE across Central Europe has taken a sharp dive, plummeting by 55% year-over-year to a mere $7.39 billion Cdn. This seismic shift, as reported by Cushman & Wakefield, underscores the volatile economic currents steering the region's future.

China’s Country Garden faces liquidation petition

China’s largest private property developer Country Garden Holdings said on Wednesday it was facing a liquidation petition for not repaying a term loan facility worth $204.5 million US.