LocationsRecent Articles
Prima focuses on local buyers at Vancouver's 49-storey Monogram
Prima focuses on local buyers at 49-storey Monogram tower
Prima Properties is putting faith in rising demand from local condo buyers as it gears up for a fall launch of a major downtown Vancouver residential tower, the 49-storey Monogram.
Artis REIT selling nine U.S. industrial assets for $272.6M
ARTIS REIT (AX-UN-T) has an unconditional agreement to sell nine of its U.S. industrial properties for $272.6 million (all figures Cdn), its second major U.S. property divestment in recent months.
Canadian retail REITs on debt-financing spree
Publicly traded Canadian REITs ramped-up debt financing by more than half in Q2, according to a report from S&P Global. Canadian REITs raised $1.1 billion, up 52.5 per cent over Q2 2023.
CDPQ entrusts $600 million to Fiera Capital
In an effort to support local financial expertise and stimulate the asset management industry in Quebec, the Caisse de dépôt et placement du Québec is entrusting $600 million to the managers of Fiera Capital.
Q2 condo sales decline nearly 20% from 2023: TRREB
The Toronto Regional Real Estate Board (TRREB) says condo sales fell almost 20 per cent in Q2 on a year-over-year basis from 2023, as new listings for condos and rentals shot up and rental prices dipped slightly.
TO's stalled condo market will make housing shortage worse
A significant housing shortage “the likes of which we’ve not yet experienced” is coming for Toronto’s real estate market in the next few years, despite the current glut of condo listings, experts say.
Canada's economy grows more than expected
The Canadian economy performed slightly better than expected in May, amid rising expectations that the Bank of Canada will make further cuts in interest rates this year. Gross domestic product rose by 0.2 per cent in May.
Alberta premier pushes to fast-track Jasper rebuild permits
Premier Danielle Smith says Alberta will push the federal government and the Town of Jasper to fast-track the rebuild of the picturesque Rocky Mountain townsite. Smith says her government is pushing to expedite development permits.
Medline to expand Manitoba medical supplies dist. centre
Medline Canada Corp. – a medical supplies manufacturer and distributor – is again expanding its western operations with a 46,000-sq.-ft. distribution centre in Rosser, Man., doubling its warehouse space in the province.
Norway House redeveloping former Hydro headquarters
The former headquarters of Manitoba Hydro will become a space for members of Norway House Cree Nation to get medical care, conduct business meetings and receive support for their children. Interior renovations have begun on the 200,000-square-foot building.
Crombie more than doubles 2023 green certification goal
Retail-focused property owner Crombie REIT (CRR-UN-T) more than doubled its goal for certifying green space, and validated its 2050 net-zero pathway via a global climate standards setter in 2023.
Dartmouth company to build first Nova Scotia battery farm
PCL Construction of Dartmouth has won a contract to do engineering, procurement and construction on Nova Scotia’s first battery farm, more correctly referred to as a battery energy storage system, or BESS.
Statscan: Converting Airbnbs won’t dent housing crisis
Less than one per cent of the country’s housing stock are Airbnbs and Vrbo rentals that could be turned into long-term rentals or permanent housing, according to a Statistics Canada study.
West Vancouver grudgingly agrees to B.C. density demand
City council in B.C.'s wealthy West Vancouver is scrambling to comply with a provincial ultimatum to allow more multi-unit housing on formerly single-detached-only properties by later next month, or have the province change its zoning on its behalf.
BlackRock expands New York offices, trophy tower demand grows
BlackRock Inc. is taking more office space at Related Cos.’ 50 Hudson Yards as demand grows for spots in trophy towers across Manhattan. BlackRock is adding more than 50,000 square feet of space at its headquarters.
KKR profit soars on improving asset sales, beating estimates
KKR & Co. posted a second-quarter profit that beat Wall Street estimates as the buyout firm generated more income than expected from selling assets. Adjusted net income climbed 49 per cent to $971.9 million, or $1.09 a share.
Foreclosures surge as some investors call bottom, others not so sure
Commercial property owners are losing properties to lenders at the highest rate since 2015, a sign the chill in transaction markets could be thawing. During the second quarter, $20.5B worth of office, multifamily and other property was seized.
Small banks say CRE crisis averted - that doesn't mean they're lending
Since last year, experts warned that a wave of commercial real estate loan maturities was likely to create systemic issues among U.S. local and regional banks that could lead to a slew of failures.
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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