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Impressive Q4 for Calgary-area industrial CRE market
Impressive Q4 for Calgary-area industrial CRE market
Calgary’s industrial sector continues to be resilient in a struggling economy which hit hard in other commercial real estate sectors. CBRE says Q4 2018 was Calgary’s eighth consecutive quarter of positive net absorption and witnessed the most new supply since 2015.
AY completes acquisition of U.K.-based GVA
• PR Newswire • RENX
Avison Young, the world’s fastest-growing, private and principal-owned, global commercial real estate services firm, announced it has closed the acquisition of U.K.-based GVA, one of the U.K.’s leading and most diverse real estate advisory businesses.
The Co-operators buys development site for new Guelph HQ
The Co-operators has a 50-year history in Guelph, Ont., a bond which will continue for decades to come after building a new head office in the city. “We’re thrilled to remain in Guelph,” said Co-operators’ Shawn Fitzgerald.
Cannabis ‘land grab’ a new gold rush
Investorideas.com, a leading investor news resource covering hemp and cannabis stocks today released a snapshot looking at the cannabis “land grab” happening in the US and Canada as companies focus on increasing their real estate footprints.
Saint-Laurent is a green leader among municipalities
The Montreal borough of Saint-Laurent has long focused on sustainability and environmentalism, and it has reduced its greenhouse gas (GHG) emissions by 15 per cent between 2009 and 2017.
BTB sells Québec property for $22.5 million
• Canada Newswire • RENX
BTB Real Estate Investment Trust (BTB-UN-T) today announced the sale of a property located at 15-Georges-Gagné Blvd. South in Delson in the province of Québec, for total proceeds of $22.5 million.
Canadian Tire and CT REIT both look attractive
• Globe and Mail (Subscription required)
Even during banner year for REITs in 2018, CT REIT’s (CRT-UN-T) total return was negative 16 per cent. Has the Tire totally lost its tread? Is this the beginning of a long and nasty skid for the Canadian retailing icon? Hardly.
Brookfield Property Partners: Hot property, cool price
• Barron’s • Motley Fool • IPE Real Assets
Brookfield Property Partners (BPY-UN-T) is one of the world’s largest property owners with a high-octane strategy and lofty yield, and it comes at a depressed price.
InterRent a high-growth monthly income REIT
• Motley Fool • RENX
InterRent REIT (IIP-UN-T) is a unique growth REIT that might be of interest to younger, growth-oriented investors who value distribution growth just as much as an upfront distribution payout. InterRent actually managed to soar 43 per cent last year.
Chairman is a buyer of 9.5%-yielding PROREIT
• Globe and Mail (Subscription required) • RENX
On Jan. 31, chair of the board of trustees John Levitt acquired 20,465 units of PRO Real Estate Investment Trust (PRV-UN-X) at a cost per unit of $2.19, increasing his portfolio’s holdings to 81,504 units. The purchase amounted to more than $44,000.
There’s still room for compromise on LeBreton deal
The contrast could hardly be sharper. In Inglewood, Calif., an army of construction workers is transforming a 300-acre site into a sports and entertainment district anchored by a 70,240-seat stadium.
No progress on Northlands Coliseum redevelopment
More than a year after the city of Edmonton permanently shuttered Northlands Coliseum, the once-bustling attraction remains in “dark operations,” with only security guards roaming its echoing halls.
Vancouver sales fall nearly 40% year-over-year
• Vancouver Province • Vancouver Sun • Bloomberg
Vancouver’s once red-hot housing market continued to cool last month as the number of home sales fell to the lowest level seen in January in 10 years and were down down 39.3 per cent year-over-year.
Ottawa fastest-growing market since 2016
If you were lucky enough to own a single-family home in Ottawa over the past couple of years, you would have seen the value of your house jump fastest among the country’s six largest cities.
Speed up environmental approvals to boost construction: Ottawa
• CBC • Globe and Mail (Subscription required)
If the Ontario government wants to speed up building approvals and housing construction, it should start by streamlining the unwieldy environmental assessment process for new roads and sewers, the City of Ottawa says.
Mortgage rules are rejecting the gig economy: Opinion
Canada’s increasingly restrictive mortgage regulations and the rising interest rates issued by the Bank of Canada never cease to grab our attention. But their impact on Canada’s expanding gig-based work force has rarely been examined.
Tim Hortons co-founder Ron Joyce dead at 88
• CBC • Globe and Mail • Halifax ChronicleHerald
Ron Joyce, a Nova Scotia native who made Tim Hortons coffee and doughnuts a staple of Canadian diets and created a billion-dollar empire, has died. He was 88. His family said he died peacefully in his home in Burlington, Ont.
Will $2B refinery be public investment fiasco or fortune?
The Alberta NDP promises to put up one billion in public dollars to back new oil refining in Alberta, even as there’s more bad news when it comes to government investment in business.
HBC completes sale of German properties
HBC (HBC-T) today announced it has completed the sale of a 50 per cent stake in 18 German properties to a subsidiary of SIGNA Prime Selection valued at $375 million Cdn.
Ambitious London skyscraper trying to defy Brexit nerves
Within days, Britons would be voting on whether to remain in the European Union or leave. The French insurance giant Axa SA was trying to figure out how the outcome would affect its investments across the Channel.
Industry Events
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Western Canada Apartment Investment Conference
May 07 2024
Vancouver
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Edmonton Real Estate Forum
May 08 2024
Edmonton Convention Centre
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Land & Development Conference
May 28 2024
Metro Toronto Convention Centre
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Montreal Real Estate Forum
Jun 06 2024
Montreal
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Southwestern Ont. Real Estate Forum
Jun 13 2024
RBC Place London
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