Steady demand and continuing lack of available space pushed Metro Vancouver industrial leasing rates up 16 per cent during 2018, according to CBRE. In the popular Burnaby sub-market rates for new leases were 35 per cent higher than a year ago.
Fiera Infrastructure Inc., an affiliate of Fiera Capital Corporation, (FSZ-T), and EllisDon Capital have joined forces to create a Canadian public-private partnerships (PPP) venture. The partnership will acquire EllisDon’s interest in its existing portfolio of PPP projects.
Automotive Properties REIT made three major acquisitions valued at $182.8 million during the past four months, adding new tenant groups, new brands and a new market to its growing portfolio.
The Centre shopping mall in Saskatoon is getting a $43-million investment from owner Morguard REIT for interior and exterior renovations, and systems upgrades. This follows other major developments; a new Cineplex/Xscape and repurposing of the former Target.
Icing, when internal combustion engine (ICE) cars park in spaces reserved for charging electric vehicles, is just one of the challenges facing managers of parking garages as electric vehicles become a growing phenomenon in cities across Canada.
Group Germain Hotels has landed on what it thinks is the perfect location to make its 20-20 business vision a reality: the Ottawa airport. The Quebec-based chain announced Monday it is planning to build a 180-room hotel.
The owners of New Westminster, B.C.’s Columbia Theatre are prepared to invest several hundred thousand dollars into a feasibility study to assess the possibility of building a hotel and residential tower above the heritage theatre.
Each Meridian Development Corp., project brings back memories for Karl Miller, many of which involve battles with Saskatoon residents opposed to each development. His latest venture, a seven-storey condominium building proposed for University Drive, proved most controversial of all.
Two trendy food halls, a neighbourhood eatery and a bakery with a backstory are just three culinary concepts with which Ivan Beljan has filled his plate. “Food is what connects people and everybody has to eat,” said Beljan.
In Canada, multi-family has historically been one of the top performing real estate asset classes and the only asset class to consistently achieve positive returns across the economic cycle, says Starlight Investments’ most recent white paper.
One of Canada’s oldest venture capital firms is eyeing real estate and medical technology investments as it prepares to launch its latest $125-million startup fund. Whitecap Venture Partners, sees the two fields as ripe for disruption.
Torontonians overwhelmingly want easy public access to the Ontario Place waterfront, something not guaranteed in the Doug Ford government’s redevelopment plan. And, according to a Forum Research poll, most Torontonians also don’t want a casino at Ontario Place.
Delta 9 Cannabis (NINE-X) announced it has entered into a definitive agreement to sell its 50% interest in the Delta West extraction facility to Westleaf (WL-X). Westleaf has agreed to issue an aggregate of 5,600,000 common shares, which represents approximately $14.95 million.
Alberta has issued 10 new licences for retail cannabis shops, upsetting the owners of some existing ones. Retail stores have complained about shortages in supply since legalization in October. The provincial government says supply has made “a modest improvement.”
In new research, Colliers International has provided a lay of the land when it comes to the flexible office market. Although co-working and flexible workspace still represents a modest share of office occupancy, its footprint is expanding rapidly.
Foreign firms might just want to give Anbang Insurance Group Co.’s assets a closer look. The insurer’s $119 billion US worth of assets could be ripe for the picking.
A 12-storey condominium building at the top of Saskatoon’s University Bridge could be built within three years. City council paved the way for the $60-million infill development by North Prairie Developments with a couple of unanimous votes Monday night.
Federal Finance Minister Bill Morneau says he is not considering imposing stress tests on private mortgage lenders. Morneau is throwing cold water on a recent report the government was looking at applying stricter rules on mortgages by private lenders.
Ontario Premier Doug Ford is pushing to eliminate housing shortages in Canada’s largest province, as policy makers seek to deflate pricey markets in places like Toronto without triggering a correction.
The Toronto Real Estate Board announced 5,191 condominium apartment sales were reported in the fourth quarter of 2018. This result was down by 9.9 per cent year-over-year. New condominium apartment listings were also down 11.2 per cent year-over-year.