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As office vacancies rise, GWLRA puts on big push for amenities
As office vacancies rise, GWLRA puts on push for amenities
Toronto’s downtown office vacancy rate exceeds 15 per cent for the first time since 1995, pushing building owners and operators such as GWL Realty Advisors to come up with fresh ideas to retain existing tenants and attract new ones.
Greyspring acquires Montreal apartment buildings, 553 units
Greyspring Apartments has been continuing to expand its presence in the Greater Montreal market, acquiring two properties with 553 apartments during the past couple of months.
Ontario developers scooping up Greenbelt land
Ontario developers have spent nearly $173 million scooping up hundreds of acres in the former Greenbelt this summer, months after the Ford government reneged on its promise to protect the environmentally sensitive land.
The dynamic influence of changing demographics on Van. RE
GUEST SUBMISSION: In the vibrant city of Vancouver, where the breathtaking landscape meets a diverse and dynamic population, it is important to acknowledge the powerful force demographics contribute to shaping the real estate market landscape.
Vancouver’s Broadway Corridor test case for a new downtown
The City of Vancouver’s approved 500-block strategy to add massive density along Broadway Street’s future east-west subway line has long been the subject of controversy. There is fear hundreds of tenants will be displaced amid mass residential redevelopment.
15 high-rise megaprojects could reshape Ottawa's skyline
More than a dozen multi-tower skyscraper projects are on the drawing board for Ottawa, and together they could change the city's skyline. The plans could bring towers of 30 and even 40 storeys to Kanata and Orléans.
State Building seeks five additional storeys
State Building Group has requested an additional five storeys for its mixed-use development at 316 Bloor St. W. in Toronto's Annex neighbourhood. The Kirkor Architects and Planners-designed proposal, which was previously approved at 29 storeys, would house 440 residential units.
Lamb proposes 17-storey mixed-use in T.O.'s Fashion District
Lamb Development Corp. has proposed a 17-storey mixed-use building at 8 Camden St. in Toronto's Fashion District. The design by architects—Alliance would include 185 dwelling units and 3,315 square feet of retail space.
Future is bright for Montreal’s Sainte-Catherine: JLL
Montreal's Sainte-Catherine Street-based retailers should expect sales growth in the near future due to positive sales figures from clothing, shoes, food and beverage, which compose more than half of the street’s tenant roster, according to a recent report by JLL.
L.L.Bean set to open first Quebec stores
Four years after its initial foray into Canada, Maine-based outdoor retailer L.L.Bean is opening its first two suburban Montreal locations. An 18,000-square-foot store is coming to Promenades St-Bruno followed by an 11,500-square-foot location at Faubourg Boisbriand.
Loblaw tops second-quarter revenue estimates
Canadian retailer Loblaw (L-T) on Wednesday beat Wall Street expectations for second-quarter revenue and profit, helped by sustained demand for groceries and drugs and higher prices.
CHAR to help ArcelorMittal decarbonize Cdn operations
ArcelorMittal (AMSYF) said its $6.6-million investment into CHAR Technologies is proof of its commitment to tackle climate change as it taps into the biocoal produced by the Toronto-based company to reduce emissions in its Hamilton steel factory.
San Fran office demand surges thanks to AI firms
The worst of San Francisco’s office pain is showing signs of letting up. In Q2, demand for offices in the California city grew about 10% from Q1, according to a report from commercial real estate technology firm VTS.
Four Seasons JV to build five-star hotel in Florida
Four Seasons Hotels and Resorts plans a five-star hotel on Jacksonville's Northbank. Four Seasons is working with Jacksonville Jaguars owner Shad Khan to develop the project as part of the Shipyards development. The hotel is expected to open in 2026.
Cerberus, Highgate miss payments on $415M hotel mortgage
Cerberus Capital Management and Highgate missed two months of payments on a $415 million loan for 30 Courtyard by Marriott hotels, another sign of spreading trouble in commercial real estate.
Brick-and-mortar retailers major warehouse space renters
The U.S.' big retailers are also the biggest renters of warehouse space. Million-square-foot warehouse lease signings declined in the first half of 2023 after new construction ramped up in 2022, but national retail chains remained the most active renters.
Real estate market still tilted in sellers’ favour: RBC
The spring buying spurt in Canada’s real estate market has likely run its course but sellers continue to hold sway in many cities, according to Robert Hogue, assistant chief economist at Royal Bank of Canada.
Housing rebound to boost growth in Ontario, B.C.: Desjardins
Growth rates in Ontario and British Columbia will be materially higher this year following “torrid” housing market rebounds in early 2023, but the boost will likely just delay a downturn, say Desjardins Group economists.
Hot Calgary market spurs home search expansion
The scarcity of available real estate in Calgary, coupled with rapidly increasing costs and an overwhelming demand, has pushed the dream of homeownership out of reach for many people, including oil and gas field sector employee Farah Meghani.
OSFI to impose cap on home equity lines of credit
Some Canadians will soon see a cap on their home equity line of credit as the Office of the Superintendent of Financial Institutions (OSFI). reinforces the financial system against loan defaults.
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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