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REACH, Ripple plan 46-storey Toronto high-rise condo
REACH, Ripple plan 46-storey Toronto high-rise condo
Newly formed REACH Developments has partnered with Ripple Developments in plans to develop a 46-storey mixed-use condominium on an approximately one-acre site at Sheppard Avenue East and Lamont Avenue in east Toronto.
National Bank buys office portion at Mtl.'s 700 Saint-Jacques
National Bank of Canada (NA-T) says it has acquired the 10-storey office and commercial portion of the 700-Saint-Jacques tower in Montreal, adjacent to its new headquarters at National Bank Place, to further consolidate its real estate properties.
 | The Apartment Building Expert Engaging the next generation in your real estate businessDerek LoboFounder and CEO , SVN Rock Advisors Inc. |
Microsoft to invest over $680M in new digital infra in Quebec
Microsoft has announced it will invest over $680 million Cdn to expand its digital infrastructure in Quebec, including the construction of data centres in L'Ancienne-Lorette, Donnacona, Saint-Augustin-de-Desmaures and Lévis.
Institutional investors net sellers since COVID: Colliers
VIDEO: Adam Jacobs, national director senior, research, discusses Colliers' new report that shows institutional investors in Canada have been net sellers of real estate since the beginning of the pandemic.
JLL reports upswing in Toronto office leasing in Q3
Downtown Toronto saw an upswing in leasing activity in the third quarter despite economic headwinds, according to Jones Lang LaSalle's (JLL) Office Insight report. The report found the total vacancy rate hit a peak of 15 per cent in Q3.
Gov't taken to court over Ontario Place development
An injunction has been filed to stop the provincial government from developing the West Island of Ontario Place, arguing the building of a private spa will result in the “complete obliteration of the naturalized ecosystem".
Pilot project uses AI to accelerate permitting process
A pilot project is winding down in Burlington that accelerates the permitting process for industrial and commercial buildings. By using AI technology, the platform digitizes the rules in Burlington’s zoning bylaws relating to such aforementioned projects.
Yonge Street sees resurgence in pedestrian traffic
Since the pandemic, pedestrian traffic on Yonge Street has steadily increased, according to Pauline Larsen, the executive director and chief operating officer of the Downtown Yonge Business Improvement Area.
Billions at stake as Ont. prepares to change booze retailing
Ontario's government is preparing to change the rules on how beer, wine, cider and spirits are sold, pitting big supermarket companies, convenience store chains, the giant beer and wine producers, craft brewers and small wineries against each other.
Avril expanding organic supermarket empire
As the price of groceries pushes consumers to frequent discount stores more, the Avril organic supermarkets are continuing their expansion with the recent opening of a 12th store in Repentigny and the upcoming opening of a new brand in Griffintown.
STRONG Pilates planning Canadian expansion
STRONG Pilates is launching its first Canadian studio on Jan. 6. With over 5,000 square feet, this flagship studio in Toronto’s Little Italy neighbourhood will feature a workout space, beauty bar, washrooms with showers, stretching area and community collaboration space.
New medical school coming to University of Toronto
University of Toronto's $130-million Scarborough Academy of Medicine and Integrated Health (SAMIH) will be the gateway building to the university’s expanding campus. The 143,500-square-foot facility is the first medical school in the eastern Greater Toronto Area.
Ottawa aims to head off looming mortgage cliff
The mortgage cliff that will see more than two million home loans up for renewal over the next two years appeared to weigh heavily in the federal government’s fall economic update.
B.C. push for density could lead to demovictions: Planner
B.C.’s plan to dramatically increase housing density around transit hubs could lead to mass evictions of renters in low-rise apartment buildings, says Andy Yan, the director of the City Program at Simon Fraser University.
Brookfield strikes $2B refinancing for office firms
Brookfield has refinanced bridge loans used to buy Belgian office company Befimmo for $1.5 billion US and a portion of the debt used to buy Irish REIT Hibernia for $1.2 billion.
Private investors shopping for retail real estate
In recent months, private investors have been increasingly getting in on the retail act, with a greater share of investment in retail real estate now in the hands of private capital and family offices, according to JLL data.
Office stocks post biggest rally in three years
Office shares saw the biggest one-day rally in three years, thanks to better-than-expected news on inflation. REIT shares jumped an average of 11.5% on Nov. 14, the biggest single-day jump since news of a looming coronavirus vaccine approval.
Wyndham rejects Choice Hotels' latest takeover offer
Wyndham Hotels & Resorts (WH-N) has rejected Choice Hotels' (CHH-N) proposed cash-and-stock acquisition offer, which hasn't been updated despite a decline in Choice's stock that has reduced the offer price from $90 to $86 per share.
CRE slump could last years: European Central Bank
The euro zone’s sinking commercial property sector could struggle for years, the European Central Bank said Tuesday, posing a threat to the banks and investors which financed it. CRE prices have been hit by economic weakness and high interest rates.
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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