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Oxford's resort, urban hotel portfolio continues to blossom
Oxford's resort, urban hotel portfolio continues to blossom
It's been a summer of highs and lows for Oxford Properties' Canadian hotels: Fairmont Jasper Park Lodge has just reopened after being damaged by a devastating July wildfire; but on a happier note four of its hotels earned Michelin Keys.
 | CRE Matters Vancouver's retail market thrives, despite multiple challengesJames GlenSenior Vice-President, Colliers Valuation and Advisory Services |
Suburbs leading demand uptick for office space, report says
Canada is on pace for its first year of positive office leasing activity since before the pandemic after six of 10 major markets recorded net positive demand in the third quarter, according to a report Tuesday.
Top-tier TO offices filling up but older buildings struggle
Is Toronto’s office sector starting to turn a corner? The top-tier buildings are filling up, as companies move to smaller, higher-end offices designed to entice hybrid workers back. But for older, less centrally-located buildings the outlook is “very bleak."
Carney warns of 'significant' stranded property assets
Former central banker Mark Carney has warned there will be “significant stranded assets” in commercial real estate as governments push to reach net zero, highlighting the risks to property owners and lenders from older buildings that cannot adapt.
London to approve 'transformational' 10-tower dev plan
Council is expected to give final approval on London's largest-ever development application. The Old Oak Properties' development is planned for the former London Psychiatric Hospital lands. The site is slated to have 10 residential towers higher than 20-storeys.
Coquitlam gets first look at six-tower gateway project
Coquitlam council got its first official look at Wesgroup development company’s plans for the 7.8-acre site on the border of Coquitlam and Burnaby. The plan includes 2,470 units arrayed between two rental buildings and four strata towers.
Automotive Properties REIT completes $54M sale in Markham
Automotive Properties REIT (APR-UN-T) has announced the completion of its sale of the automotive dealership property located at Kennedy Road and Main Street, in Markham, Ontario to a member of the Dilawri Group for $54 million.
Polocorp sells Forbes Estate land to Guelph-based developer
Guelph-based Fusion Homes will take over the redevelopment of the Forbes Estate property in Hespeler, purchasing the land from Polocorp Inc. The sale for the 5.25 hectare-property, where a residential subdivision is planned, was announced Tuesday.
Eleven Winnipeg projects get federal housing funds
The federal government and the City of Winnipeg have awarded $25 million from the Housing Accelerator Fund to 11 Winnipeg housing projects. They are expected to create 597 affordable units while 613 of the total will be downtown.
Canada’s oldest hockey equipment maker CCM sold for $600M
Swedish asset manager Altor Equity Partners has won a hotly contested battle for CCM Hockey, buying the equipment maker for $600M. Montreal-based CCM has been making hockey sticks, pads and skates for over 100 years.
Renaud-Bray group buys art supply retailer DeSerres
The Renaud-Bray group says it has acquired art supply retailer DeSerres. Financial terms of the deal were not immediately available. The deal covers 28 stores in Quebec, Ontario, Nova Scotia and British Columbia and the company’s website.
Data centres will pose challenge to decarbonizing Alberta grid
An influx of data centres to Alberta would provide new difficulties for the province’s electricity grid, the CEO of TransAlta said. Alberta has gone on the offensive in attempting to attract companies to build their AI hubs in the province.
Construction firms, builders join tussle over Metro Van. fees
Construction companies and building associations have joined several big-name developers in calling on Metro Vancouver to reconsider proposed development fee increases. A regional authority’s mayors committee meeting has now been called for Oct. 17 with about 20 concerned groups.
Competition watchdog warns of a new era of enforcement
The country’s top competition watchdog is warning corporate Canada to “buckle up” for a new era of enforcement that will feature tougher merger controls, steeper financial penalties and more frequent challenges, following several rounds of changes to the Competition Act.
Manufacturing activity improved for first time in 17 months
Canadian manufacturing activity strengthened for the first time in 17 months in September as market demand improved and lower borrowing costs bolstered confidence in the economic outlook, data showed on Tuesday.
Lassonde looks to boost competitiveness in U.S.
Quebec-headquartered Lassonde Industries Inc. is investing around US$200 million over two years to construct a new beverage manufacturing facility in New Jersey. Located on a site adjacent to the company’s existing plant, the facility will span 200,000 square-feet.
Commercial Retail REIT FrontView Raises $251 Million in IPO
FrontView REIT, a landlord that focuses on businesses with stores in prominent locations, raised $250.8 million in an initial public offering. The real estate investment trust sold 13.2 million shares for $19 each.
London sees $2.6B Hong Kong exodus as investors feel domestic woes
Hong Kong investors stepped in to underpin the London real estate market, as everyone else hit pause on London investment after Brexit. Now, those investors are heading for the exit, selling over US$2.6B of London CRE assets.
China’s defaulted developers soar 200% in speculative frenzy
Shares of Chinese property developers rallied most on record after Beijing joined its peers to ease rules for homebuyers, following the Asian nation’s call to stem the property market decline.
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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