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Is Canada's Q4 rise in office vacancy a temporary blip?
Is Canada's Q4 rise in office vacancy a temporary blip?
Even the experts admit it is difficult to get a handle on Canada's office market as we enter 2023. CBRE chairman Paul Morassutti is among them.
Lethbridge's development pipeline tops $340-million
Lethbridge is expecting a steady construction and investment market in 2023, despite headwinds anticipated from high construction costs. The city has $173.1 million worth of projects under construction and $175.1 million worth in the planning stages.
B.C. to help non-profits buy rentals with $500M fund
Non-profit housing providers, who have been asking for more funding to address the housing affordability crisis, can now tap into a $500 million fund to help them purchase rental buildings slated for redevelopment and protect renters from eviction.
Bricks-and-mortar retail merges into omnichannel space
Consumers are back in force at malls, but many are spending less, real estate agents and mall managers say. JLL expected 90 per cent of Canadians to visit shopping malls in December, up from 85 per cent a year ago.
Canadian retailer Aritzia posts record sales despite inflation
Canadian fashion brand Aritzia Inc.’s sales momentum continued unabated in Q4, appearing nearly immune to a consumer retail spending pullback. While sales in Canada were up 22 per cent, Aritzia's U.S. sales climbed 58 per cent year over year.
Bed Bath & Beyond downsizing, burns through cash
Retailer Bed Bath & Beyond is doubling down on cost-cutting measures as it inches closer to a possible Chapter 11 bankruptcy filing. CEO Sue Gove told analysts this week she was pursuing $80M to $100M in cost reductions.
Toronto Eaton's Centre food hall gains 10 new vendors
Toronto is crazy for food halls, and it's due to get a massive new one with 10 vendors scheduled to open at the downtown Eaton's Centre, one of the city's most high-traffic malls.
 | The Industrial Real Estate Show Getting into industrial real estate: David DunawayChad GriffithsPartner, NAI Commercial |
$5.7B Gordie Howe bridge’s Michigan connection
While construction of the massive $5.7 billion Gordie Howe International Bridge’s (GHIB) main structure has garnered the most news coverage, several affiliated projects are key to the new Detroit–Windsor crossing’s success.
N.S. to spend $1B on transportation infra by 2030
The Nova Scotia government plans to spend over $1 billion during the next seven years on highways, bridges and ferry services. Public Works Minister Kim Masland says the plan marks one of the province’s largest investments in transportation infrastructure.
First Nation fights $885M Prince Rupert petroleum facility
The Metlakatla First Nation has filed a federal court petition to quash an environmental review approval of Dutch company Vopak’s $885-million bulk liquid petroleum storage facility, the second facility for the company on Ridley Island near Prince Rupert.
Carbon Engineering's ambitious goal to decarbonize
Squamish, B.C.-based Carbon Engineering is harnessing funding from major airlines and pioneering carbon capture technology to be used in the construction of the world's largest carbon capture plant in Texas.
What is a data centre? Admit it, you still don’t know
Data centre capacity in North America has more than doubled since the start of 2018, according to PwC. This explosive growth reflects the degree to which these facilities support nearly every aspect of our increasingly digital lives.
Millions leaving U.S. cities has complicated effect on CRE
Over a million people moved out of California and New York after the onset of the pandemic. Meanwhile, western states grew rapidly, and longstanding population centres Florida and Texas ballooned even further, growing by a combined 1.6 million people.
Private credit muscles out banks, raises concerns
Private credit hit $1.4 trillion of assets under management globally in 2022, up from about $500 million in 2015. Companies with large credit operations: Apollo Global Management, Ares Management and Blackstone can make or break multibillion-dollar acquisitions.
Tishman Speyer plans more investment in Chinese CRE
Tishman Speyer is raising funds to invest in China, PERE reports. The company recently sold the Springs Center, a 10-building mixed-use campus in Shanghai, for about $1.1B, one of the largest Chinese CRE deals in 2022.
Home prices fell in Q4, 1st time since 2008: Royal LePage
Canada’s housing market ended 2022 with the first year-over-year decline for quarterly home prices in over a decade, says Royal LePage. The aggregate price of a home in Q4 2022 was $757,100, down 2.8 per cent from Q4 2021.
Canadian luxury sales market steady: Engel & Volkers
Engel & Völkers' 2022 Year-End Luxury Real Estate Market Report's key finding, based on data for homes priced over $1 million in Canada's most in-demand real estate markets, is that luxury homes are holding their value.
Rental housing set for site near U of Winnipeg
Affordable housing is soon to be “a hop, skip and a jump away” from the University of Winnipeg. By summer of 2024, a seven-storey, 69-unit apartment with heated underground parking and Indigenous cultural elements is to be complete.
Time to revisit a property tax refund to B.C. homeowners
Approaching $1 billion annually, the B.C. homeowner grant refunds a portion of property taxes back to most owners of principal residences, if they are Canadian citizens or permanent residents. The homeowner grant was created in 1957.
Industry Events
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Canada Real Estate Auctions
Dec 01 2024
to Dec 31 2024
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Global Property Market
Dec 03 2024
Metro Toronto Convention Centre, South Building
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Toronto Real Estate Forum
Dec 04 2024
to Dec 05 2024
Metro Toronto Convention Centre, South Building
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Quebec Apartment Investment Conference
Feb 19 2025
Palais des congrès de Montréal
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RealCapital
Feb 25 2025
Metro Toronto Convention Centre, North Building
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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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