Postmedia trying to sell two Calgary newspaper properties

RENX  Commercial  •  Office  •  Calgary

Canadian media giant Postmedia (PNC-A-T) is selling another real estate property, having hung a “for sale” sign on the Calgary Sun building. The almost 100,000-square-foot building joins Postmedia’s other Calgary newspaper property, the Herald building, on the sale block.

Fiera Properties acquires B.C. business park for $208M

Commercial  •  Western Investor  •  RENX

CT REIT buys former Niagara Falls Target store from RioCan

RENX  Commercial  •  Retail  •  National

CT REIT (CRT-UN-T) has acquired a quarter-million-square-foot retail site in Niagara Falls which it intends to anchor with a 134,000-square-foot Canadian Tire store. This will result in amalgamation of Canadian Tire’s two Niagara Falls locations into the new facility.

First Capital Realty plans to convert to REIT

RENX  Commercial  •  Retail  •  National

First Capital Realty, one of Canada’s largest owners of retail properties, intends to convert its operations into a real estate investment trust. The company, which owns 166 properties comprising about 25 million square feet of space, made the announcement Tuesday night.

Canada’s data centre market set for huge growth

Commercial  •  CP Executive

One of the largest North American markets poised for massive growth in data centre sector is Canada. JLL research found that as of 2018’s second half, there were 65 megawatts under construction across Montréal, the GTA and Western Canada.

Who is Canada’s mortgage stress test stressing?

RENX  Residential  •  Homes  •  National

GUEST COLUMN: Last year was an interesting one for the Canadian new and resale housing markets. The introduction of the mandated mortgage stress test set out by the Office of the Superintendent of Financial Institutions had a significant effect.

Sponsored by CMHC Be a part of Canada’s next generation of affordable rental housing

The rental market is an important housing option for approximately 30 per cent of Canadians including middle class families, young adults, seniors and new immigrants. Currently, around 1.7 million Canadian families don’t have a home that meets basic needs…

A decade later, Edmonton airport site nearly empty

Residential  •  Globe and Mail (Subscription required)  •  RENX

A decade after the City of Edmonton announced a bold plan to redevelop a former airport into a community for 30,000 residents, the 217 hectares of land lies almost empty. There is no housing and not a single resident.

Three of Calgary’s Olympic ski jumps closing

Commercial  •  Globe and Mail

The not-for-profit company that oversees Canada Olympic Park has confirmed it is closing three of its ski jumps and will soon shut down its sliding track due to the financial shortfall resulting from Calgary’s aborted Olympic bid.

Fortress Mountain ski resort may open in 2020

Commercial  •  CBC

Fortress Mountain, a long-closed ski resort in Kananaskis Country, could have lifts spinning and a fire burning in a new lodge within a few seasons, its owner says.

REIT financial results:

Commercial  • 

Killam Apartment REIT, (KMP-UN-T), Globe Newswire

Morguard North American Residential REIT, (MRG-UN-T), Canada Newswire

REOC financial results:

Commercial  • 

Colliers International Group Inc., (CIGI-T), Globe Newswire

First Capital Realty Inc., (FCR-T), Canada Newswire

Investing in downtowns pays off for cities, regions

Residential, Commercial  •  Building Design & Construction

Cities and regions can generate profound lasting benefits through investment in downtowns and center cities, according to The Value of U.S. Downtowns and Center Cities: Second Edition report by the International Downtown Association (IDA).

Property technology accelerates in CRE industry

Commercial  •  Building Design & Construction

Automation, the use of AI, and disintermediating business models are having major impacts on the commercial real estate industry, according to a new report from Altus Group based on a global survey of 400 executives.

Global data centre colocation market to reach $31B

Commercial  •  PR Newswire

According to Arizton’s recent research report, the global data centre colocation market is anticipated to witness an investment of around $31 billion by 2023, growing at an impressive CAGR of approximately eight per cent between 2017 and 2023.

Dubai’s newest tower will be covered in digital displays

Commercial  •  Building Design & Construction

Dubai Holding recently unveiled details and renderings for the planned Burj Jumeira, a 550-metre (1,804-foot) tower in Al Sufouh. The tower will be the centerpiece of Downtown Jumeira, a pedestrian friendly mixed-use urban destination.

How to increase Toronto’s missing middle housing

Residential  •  Newinhomes.com  •  Newinhomes.com

The Centre for Urban Research and Land Development’s A Strategy for Significantly Increasing the Supply of ‘Missing Middle’ Housing in the City of Toronto report highlights the latent demand for such housing.

U.S. online broker Redfin dives into GTA market

Residential  •  Toronto Star  •  Canada Newswire

Redfin CEO Glenn Kelman wants to know how cold it is in the polar vortex that gripped Toronto in January. “You could die,” he yelps after quickly converting the -30C windchill to Fahrenheit in the relative comfort of Redfin Corp.’s Seattle headquarters.

Vancouver touts shorter building permit delays

Residential  •  Vancouver Sun

City of Vancouver staff say they’ve made significant strides in reducing delays and inefficiencies in the building permit process, a long-standing problem that some said helped drive up housing prices.

B.C. expecting $400M hole in transfer tax revenues

Residential  •  Business In Vancouver  •  Business In Vancouver  •  Vancouver Province

The B.C. government reported it is expecting property transfer tax (PTT) in the 2018-’19 fiscal year to bring in $400 million less in revenue than projected in its original budget.