Multifamily: ‘Ton of product’ for sale in Metro Vancouver

RENX  Residential  •  Condominiums, Apartments  •  Metro Vancouver

Vancouver’s multiresidential property market is coming back from the COVID pause with a flurry of choice properties available, and an uptick in transactions. Commercial real estate firms report more apartment building and development site listings in September 2020 than in September 2019.

The ladies have it: Calgary’s Scout Real Estate launches

RENX  Commercial  •  Human Resources  •  Alberta, Calgary

A unique all-female commercial real estate brokerage has been launched in Calgary. Scout Real Estate was created out of vision from Lori Suba, Laurae Spindler, and Eve Renaud, who are all veterans of the industry in Calgary.

K-W takes advantage of offices’ move to the suburbs

Commercial  •  Globe and Mail  •  RENX

Organizations based in major centres are looking to sublet space in small- and medium-sized communities, where increasing numbers of people are moving. Kitchener, Waterloo and Cambridge is one of the hottest markets poised to take advantage of this trend.

The Saskatchewan Edge › Q3 2020 industrial vacancy declines in Saskatoon

Barry Stuart: Managing Partner and Senior Sales Associate , ICR Commercial Real Estate

BentallGreenOak to invest up to $10B in Japan

Commercial  •  Nikkei  •  RENX

Toronto-headquartered BentallGreenOak plans to invest up to $10 billion in Japanese CRE during the next two to three years as it expects high returns from a market that has been less roiled by the pandemic than the U.S. and Europe.

Sponsored by First National Financial LP Covid-19 has changed Canada. Has it changed the apartment market?

On the eve of the CAIC conference, we asked Jeremy Wedgbury, Senior Vice President, Commercial Mortgages at First National to share his views on the state of the market and the outlook for apartment construction activity.  As a lender, how has First National performed?

Wpg. issues request for proposals for site

Residential, Commercial  •  Winnipeg Free Press

CentreVenture Development Corp. has issued a request for proposals to redevelop the northern portion of the former Public Safety Building and Civic Centre Parkade site, a 53,55-square-foot parcel, one of the most significant opportunities for development in Winnipeg’s Exchange District.

Dispute over Regina megamall boils over

Commercial  •  CBC

On the eve of the previous Saskatchewan election, Brightenview Development International and Regina’s Global Transportation Hub (GTH) celebrated their new land deal and partnership. Four years later, the province is threatening to evict Brightenview from its GTH office.

New subsidy tagged for fixed property expenses

Commercial  •  REMI Network  •  Lexology

Qualifying commercial tenants and businesses operating in owned premises will be eligible for direct subsidies of up to 65 per cent of their fixed property expenses through the new Canada Emergency Rent Subsidy (CERS).

Edmonton clears ‘last true hurdle’ for Valley Line LRT

Commercial  •  CBC  •  CTV  •  Edmonton Journal

With the completion of the provincial review, the Edmonton’s west Valley Line LRT has passed the final step of approval. In a letter to Edmonton Mayor Don Iveson, Minister of Transportation Ric McIver noted “a few concerns” with the line.

Podcasts from the real estate world

Residential, Commercial  • 

Impact of COVID-19 on ESG Targets with Neal Bach (Energy Profiles Limited ),

REALtalk: Episode 12

Three CRE brokers detail their career beginnings,

CRE Library: Episode 38

Why worker strikes may proliferate in warehouses,

Bisnow

REIT/REOC business updates

Residential  • 

Inovalis REIT, (INO-UN-T), Canada Newswire

Sienna Senior Living Inc., (SIA-T), Globe Newswire

Walmart adding 10,000 Canadian employees

Commercial  •  Globe and Mail

Walmart Canada is hiring 10,000 people after announcing a $3.5-billion investment to drive growth. The positions are in e-commerce, fresh food, merchandising, customer experience, warehouse and drivers. A day ago,  Lowe’s Canada said it is hiring more than 625 positions in Quebec.

Amazon’s Prime Day could pummel brick-and-mortar rivals

Commercial  •  Financial Post

Amazon.com Inc.’s two-day Prime Day sale kicks off today and is expected to give the world’s largest e-commerce company an early advantage over brick-and-mortar rivals still contending with pandemic-spooked consumers wary of battling Black Friday crowds.

San Jose unveils new plans for Google megaproject

Residential, Commercial  •  CP Executive

Google’s proposal for a mixed-use development at the edge of downtown San Jose calls for as much as 7.3 million gross square feet of office space, 4,000 units of new housing and up to 500,000 square feet for retail, cultural and arts uses.

55% of U.S. tech firms plan to sell office space

Commercial  •  Bisnow  •  CP Executive

Tenant representation firm Savills released a survey Thursday of 250 U.S. technology companies that found 82 per cent anticipate needing less office space over the next 12 to 18 months, and 55 per cent plan to dispose of existing space over that time period.

Ottawa committee OKs 386-home subdivision

Residential  •  CBC

Ottawa’s planning committee approved the rezoning of a 386-home subdivision and allowed more flexible placement of a future school following school board concerns. Tamarack Homes’ The Meadows community is to include 116 single-detached homes, 16 semi-detached houses, 204 townhouses, and 50 back-to-back townhouse units.

Look for U.S. buyers to snap up Vancouver homes

Residential  •  BC Business

Every time there’s a U.S. election, it seems, Americans threaten to move to Canada.  Andrew Carros, licence partner with Engel & Völkers Vancouver, thinks this time really could be different — and Vancouver residential real estate will benefit from motivated U.S. buyers.

TRREB, OREA call for end of open houses

Residential  •  Ottawa Matters  •  Globe Newswire

The Ontario Real Estate Association is asking agents to halt plans for open houses, as the province reported a record high of 939 new cases of COVID-19 Friday. Open houses resumed in mid-July as part of the province’s Stage 3 reopening plan.

Alberta still has highest rate of mortgage deferrals

Residential  •  CBC

Alberta continues to have the highest rate of mortgage deferrals in the country. According to numbers shared by the Canada Mortgage and Housing Corporation, many are still using the pandemic support program — which is winding down.