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Guelph's Hanlon Creek Business Park Phase 2 completed, leased
Guelph's Hanlon Creek Business Park Phase 2 fully leased
Cooper Construction and its partners have completed the construction, development and lease-up of Phase 2 of the Hanlon Creek Business Park in Guelph, Ont. Phase 3 is in the offing and the firm is developing three other industrial sites.
Toronto, other cities eye Calgary's office-to-res conversions
Calgary is leading the office-to-residential conversion charge in North America through public policies and financial tools aimed at addressing commercial vacancy, housing affordability and climate change issues. Other major cities across the country are taking notice, including Toronto.
Opportunities may lurk for office REITs
It’s poised to be another challenging year for office real estate investment trusts, but some money managers say there could be decent entry points in the sector for long-term investors.
WeWork seeks to reject Toronto lease
WeWork has asked the federal judge overseeing its restructuring to reject eight more leases, which span six locations across Toronto, Dallas, Atlanta and San Francisco, according to a motion filed Dec. 29.
Calgary Co-op to acquire national pharmacy chain
Calgary Co-op has agreed to become the majority shareholder in Care Pharmacies, a network of independent retail pharmacies across Canada. Vaughan-headquartered Care Pharmacies has 56 locations in P.E.I., Nova Scotia, Ontario, Saskatchewan, Alberta and British Columbia.
Five tallest buildings to join T.O. skyline in 2023
Toronto's mostly condo-fuelled building boom continued unabated in 2023 despite a slowdown in the real estate market and a runaway affordability crisis, bringing another crop of tall buildings to the city's ever-changing skyline.
24 topics to dominate Montreal real estate in 2024
The list of main current issues that will mark the Montreal real estate scene contains several projects that could change the face of the city, says regional president and partner at CDNGLOBAL, Luciano D'Iorio.
Greenbilt's Flex Plex home is designed for a housing crisis
The construction economics for eco-friendly rentals in the GTA are getting a boost courtesy of a veteran builder who believes his firm, Greenbilt Homes, has found the “sweet spot” with his own Mimico-based Flex Plex housing prototype.
UBCO tower project causes issues for nearby buildings
More businesses have been impacted by construction of the UBC Okanagan downtown campus building. Cracks were detected in a building and a Royal Canadian Legion Branch was forced to close due to ongoing impacts from the 43-storey Kelowna tower.
Construction economy resilient amidst setbacks in 2023
Canada’s construction economy showed considerable resilience in 2023 as sectors such as green energy, institutional, public infrastructure and transit were steady employers even if housing showed weakness. Persistent high interest rates plagued the housing sector through much of 2023.
Metro makes first climate risk disclosures in ESG report
Grocer and retailer Metro Inc. (MRU-T) cemented its environmental commitments in 2023 with two key accomplishments: aligning its climate target with the Science Based Targets initiative (SBTi) and addressing climate risk with an internationally recognized framework.
More borrowers turning to lenders of last resort
In a Canadian landscape of high-interest rates and rich house prices, mortgages from private lenders have become a lifeline for many debt-laden homeowners – and a hazard for some, says Mark Morris, Toronto-based real estate lawyer with LegalClosing.ca.
New rules target use of ‘exclusive’ real estate listings
Some realtors are asking whether the Canadian Real Estate Association's crackdown on so-called “exclusive” real estate listing is just the opening salvo in a bigger fight over organized real estate.
B.C. home values stabilize after years of big gains
According to the B.C. Assessment Authority, property values as of July 1, 2023, changed on average between minus 10 per cent and plus five per cent. In the Lower Mainland, the range was between minus and plus five per cent.
Rent cap rises to 5% in N.S.
It’s a new year, and there’s a new rent cap in Nova Scotia. As of Jan. 1, the province raised allowable rent increases to five per cent, up from the two per cent cap in place since 2020.
Brookfield gets year’s grace on London office loan
Brookfield has agreed to a one-year extension on a loan secured against one of the City of London’s first skyscrapers. A $620 million loan secured against the 706,000-square-foot, 35-storey Citypoint has been extended to Jan. 20, 2025.
What to expect for CRE in 2024
CBRE expects an economic slowdown in the U.S. this year that will impact commercial real estate with bank lending remaining tight throughout 2024, investment volume decreasing five per cent, cap rates expanding and property values declining.
Nontraded U.S. REITs fundraising plunged 2/3 in 2023
Nontraded REITs, once a darling among investors, lost much of their allure during 2023, raising $9.8B last year through November compared with $33.2B in 2022, The Wall Street Journal reports, citing Robert A. Stanger & Co. data.
Kimco wraps up $2B purchase of RPT Realty
In its first big move of 2024, Kimco Realty - North America’s largest publicly traded owner and operator of grocery-anchored shopping centres - has completed the acquisition of New York-based RPT Realty in an all-stock deal valued at $2 billion.
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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