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ReadySpaces expands its industrial sublease concept to Toronto
ReadySpaces expands its ind. sublease concept to Toronto
The scarcity of industrial space in major Canadian markets has caught the attention of an American firm that has introduced its novel business concept in Vancouver and Toronto. ReadySpaces rents multi-unit industrial buildings on long-term leases, then subleases each unit.
Bank of Canada holds key interest rate at 5%
The Bank of Canada held its key interest rate at five per cent Wednesday and signalled it has begun discussing when it should start cutting rates amid weaker economic growth along with slowing inflation.
Rona to close Calgary, Quebec distribution centres
Home improvement retailer Rona will be closing its distribution centre in Calgary as it cuts 300 jobs across Canada this year, part of a corporate restructuring. Its distribution centre in Terrebonne, Que., north of Montreal will also close.
CDPQ to integrate real estate subsidiaries Ivanhoé, Otéra
The Caisse de dépôt et placement du Québec has become the latest major Canadian investor to initiate a dramatic realignment of its real estate holdings, announcing Wednesday that Ivanhoé Cambridge and Otéra Capital will become investment groups within its holdings.
Spuzzum F.N. unveils plans for all-season B.C. resort
Spuzzum First Nation has ambitious plans for an all-season tourist destination near B.C.'s Coquihalla summit — including a ski resort, golf and thousands of homes. The band is three years into the feasibility and planning process for the proposed project.
OPINION: The ups and downs of a B.C. development
Vancouver developer Anthem Properties has dealt with its share of setbacks for one of its latest projects, Citizen. It shouldn’t be that difficult to build a 66-storey building with almost 600 apartments plus a few floors of office space.
Record growth reported for industrial construction
Industrial construction continues to be one of Canada’s most reliable building sectors with record completions in Q4 2023, balanced fundamentals and anticipation of robust demand going forward, according to Altus Group analysts Ray Wong and Jennifer Nhieu.
West Fraser Timber shuttering B.C. sawmill
West Fraser Timber Co. Ltd. (WFG-T) will permanently close its sawmill in Fraser Lake, B.C., after an orderly wind-down. The Vancouver-based company says it’s unable to access economically viable fibre in the region.
CIB, BMO aim to kick-start building decarbonization
A public-private partnership between the Canada Infrastructure Bank (CIB) and BMO (BMO-T) is testing whether a unique financing approach can kickstart climate-friendly renovations to Canada’s mid-sized residential and commercial buildings – one of the trickiest corners of the economy to decarbonize.
BlackRock invests $500M in Recurrent Energy
Recurrent Energy, a solar power and energy storage subsidiary of Canadian Solar Inc. (CSIQ-Q), will receive a $500 million investment from BlackRock’s (BLK-N) climate infrastructure fund to grow as a developer that operates around the world.
Southcentre Mall marks 50th anniversary in Calgary
Calgary’s Southcentre Mall, owned and operated by Oxford Properties, is celebrating its 50th anniversary this year as the popular shopping centre continues to have a considerable impact in shaping Calgary’s economic and community landscape.
Big 4 Motors dealership opens at Taza Park
Designed by Ric Balbi Architect and built by Barjac Construction Management, Big 4 Motors has opened a 60,000-square-foot dealership on 7.8 acres at Taza Park on Tsuut'ina Nation on the outskirts of Calgary.
adidas to open 35K-sq.-ft. concept store in downtown Van.
German brand adidas will be opening a 35,000-square-foot concept store in the former Victoria’s Secret location in downtown Vancouver’s Robson Central building. Morguard owns the building at 969 Robson St.
Nahid proposes 29-storey condo tower in Scarborough
Nahid Corporation has proposed a redesigned 29-storey condo tower in the first of two proposed phases at 1256 Markham Rd., east of Scarborough City Centre. The Wayne Long Architect-designed tower would include 418 units.
Toronto considers new tax on foreign homebuyers
Toronto could soon slap a new tax on foreign home buyers, a policy the city said will help curb speculation that has priced locals out of the market, but experts believe it won't do much to ease the housing crisis.
Osoyoos residents frustrated over proposed 39% tax hike
Months after Osoyoos council revealed a plan to increase property and utility taxes nearly 40 per cent, residents in the Okanagan community remain frustrated over elected officials' management of town finances and their response to growing public criticism.
Blackstone selling Arizona Biltmore hotel for $705M
Blackstone Inc. struck a deal to sell the Arizona Biltmore hotel in Phoenix to Henderson Park, a London-based private equity real estate manager, for $705 million. Blackstone bought the property for about $400 million nearly six years ago.
WeWork withholding millions In rent
WeWork is delinquent on January rent payments at locations across the U.S., according to a new court filing from a group of its landlords, which claims the coworking giant's failure to pay violates bankruptcy law.
Office conversions in major cities quadruple in 4 years
The number of apartment spaces being created in office buildings across major cities this year has risen to over 55,000, four times higher than the 12,100 under conversion in 2021, according to a RentCafe report released Monday.
Four Seasons embarks on next stage of global growth
Toronto-headquartered Four Seasons is expanding with a guest-centric mindset by enhancing its core business of hotels and resorts, growing its residential portfolio and looking ahead to exceptional luxury journeys such as its new Four Seasons Yachts venture.
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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