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Marlin Spring, Greybrook buy T.O. site, plan multi-tower dev.
Marlin Spring, Greybrook buy T.O. site, plan multi-tower dev.
Marlin Spring Developments and Greybrook Realty Partners have acquired a development property at 40-60 St. Lawrence Ave., where it has submitted updated plans for a three-tower multires development.
Anthem asks to delay $10M payment to Vancouver city hall
Anthem Properties Group wants to delay a $10 million payment it owes Vancouver city hall in community amenity contributions for its 33-storey tower, citing “market uncertainty from recent interest rate increases, coupled with unprecedented increases in hard costs.”
CRE lenders turn to short-term loans: Colliers
VIDEO: Adam Jacobs, senior director of research at Colliers Canada, says the silver lining with the Bank of Canada's recent rate hike is that it may spur more activity in the short term before rates go any higher.
CAPREIT sells aging apts., buys new builds for $74M
Canadian Apartment Real Estate Investment Trust (CAPREIT) (CAR-UN-T) has closed on sales of non-core properties for $103.3 million and has also acquired two new construction rental properties for $74.1 million.
CRE experts outline roadblocks toward net-zero goals
Sustainability remains a key priority for many businesses, but in the post-COVID environment it is not the most important consideration for a large block of employers grappling with difficult return-to-office and staffing issues.
Yonge Street building ready for second hundred years
In 1922, a beautiful bouncing baby building was born at 340 Yonge St. The Thornton-Smith building’s three-storey face was mature and handsome, with an orderly row of five, two-storey tall windows with arched tops.
Two mixed-use towers proposed for Markham
AWIN Group of Dealerships has proposed to bring 23- and 27-storey mixed-use towers to 8350 Kennedy Rd. in Markham’s Unionville neighbourhood. The Arcadis-designed towers would include 769 residential units and 11,894 square feet of retail space at grade.
Broccolini's River & Fifth tops off at 37 storeys
Montreal-based developer Broccolini's first independent project in Toronto, River & Fifth Condominiums, has topped off at its final height of 37 storeys. Located at 5 Defries St., the Graziani + Corazza Architects-designed tower will include 580 residential units.
Wpg. apt. complex rented before completion
Tenants can start moving into Paragon Living’s The Jefferson, which rented all of its 83 apartments pre-completion. Monthly rent for one-bedrooms at the $22-million 1325 Jefferson Ave. complex are $1,085, below the Winnipeg average of $1,293.
Jameson's 28-storey Van. rental tower underway
Construction has officially begun on Vancouver-based Jameson Development Corp.'s 28-storey mixed-use building at 2538 Birch St. in Vancouver. The building consists of 258 rental units atop a commercial podium with office and retail space.
Nordstrom exit may herald CF Rideau Centre changes
The departure of department store chain Nordstrom from Ottawa's CF Rideau Centre could open the door to new types of tenants as malls shift from traditional mainstays such as clothing stores to more “experiential” businesses like spas and entertainment venues.
Real estate podcasts
Michael Abrams, Flexspace Advisors: Let’s talk about flex, Tenant Experience Network
Frank Magliocco, PwC Canada: Emerging trends in real estate, CRE Podcast
Jimmy Jean, Desjardins Group: Variable-rate mortgages 'ticking time-bomb', Down to Business
Delinquent office loans at five-year high in U.S.
Near-empty office buildings are becoming a worry for U.S. mortgage bondholders as landlords fall behind on repayments at the fastest rate in five years and the difficulty of refinancing the loans grows, according to real estate data firm Trepp.
Microsoft puts Times Square offices on market
Microsoft Corp. is looking to sublease offices in Manhattan’s Times Square as major technology companies cut back on real estate. The Redmond, Wash.-based tech firm is marketing more than 42,000 square feet of offices at 11 Times Square.
Chinese-owned Canary Wharf office tower calls in receivers
A second Canary Wharf office block in as many weeks has collapsed into insolvency. Alvarez & Marsal has been appointed as receiver over the shares of Cheung Loong Holdings Limited, which indirectly owns the long leasehold of 20 Canada Square.
Subway signs deal for nearly 4,000 China locations
Subway has entered into a master franchise agreement with Shanghai Fu-Rui-Shi Corporate Development Co., Ltd. to open nearly 4,000 restaurants over 20 years in mainland China. Subway currently has nearly 37,000 restaurants in more than 100 countries and territories.
Rising rates likely won’t slow T.O. home prices
The latest Bank of Canada interest rate hike isn’t likely to slow home price recovery in the GTA, according to experts including Jason Mercer, chief market analyst for the Toronto Regional Real Estate Board (TRREB).
Bidding wars return to Ottawa housing market
Home sales in the capital rose six per cent year-over-year in May, the Ottawa Real Estate Board reported – and realtors say the bidding wars that raged during the market’s peak in late 2021 and early 2022 are back.
N.L. woos private housing developers
Private housing developers could receive up to $95,000 per unit for as many as 20 new affordable rental units built in Newfoundland and Labrador. Developers must keep rents at a designated low-end-of-market rate for 15 to 20 years.
Calgary council reverses housing affordability decision
The day after the city’s housing and affordability task force recommendations were voted down, Calgary city council had a change of heart and voted in favour of them, with some changes.
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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