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Development land prices have 'exploded' in GTA's border regions
Development land prices have 'exploded' on GTA's borders
Proximity to the burgeoning Greater Toronto Area (GTA) has led to an “explosion” of development land prices, with increases of 500 per cent – or more – in prime areas of Southwestern Ontario over the past few years.
AIP buys third U.S. facility, grows pipeline to 841,000 sq. ft.
AIP Realty Trust has acquired its third industrial facility in Texas and grown its pipeline of future acquisitions to more than 841,000 square feet of leasable space, the company reports.
Vancouver's CURV tower to be world's tallest Passive House
Internationally renowned architect Tom Wright is known as the man behind Dubai's iconic Burj Al Arab. Almost 25 years later, he's heading up another global landmark in Vancouver, the 60-storey CURV Passive House tower being developed by Brivia Group.
Opinion: Calgary the model city for transforming downtowns
The transformation that so many U.S. cities are desperate for is underway in Calgary, often dubbed the “Texas of Canada” for its oil and gas ties. But today, towers that once housed energy companies are rapidly being converted into apartments.
45-storey tower proposed at Toronto's Cawthra Square
Earlier this month, BV Realty Partners submitted an application that would add another distinct presence to this mixing pot of buildings, seeking to redevelop a collection of houses located at 2 though 12 Cawthra Square with a residential tower standing 45 storeys.
Contentious Vancouver Chinatown condo project up for vote
The developer behind a controversial nine-storey condo building proposal in the heart of Chinatown — that was rejected by the city’s development permit board in 2017 — could learn by the end of the month whether the project proceeds.
Ottawa condo market still ‘challenging’ for builders
Ottawa remains a “challenging” market for new condominium construction even as the number of condo starts in the capital hit a record high in 2022, one of the city’s most prominent developers says.
Surging construction levels won't meet Halifax rental demand
Decade-high demand is putting pressure on the area’s construction companies, said the president and CEO of the Construction Association of Nova Scotia. The industry in Halifax is constrained by high costs and a work force reduced by COVID-19.
Castlepoint Numa’s Auto BLDG close to 90 per cent occupied
Castlepoint Numa Developments has announced expanded lease commitments from Pride Toronto and Zeidler at its landmark Auto BLDG in Toronto’s Lower Junction Triangle. Pride Toronto is expanding its existing space from roughly 4,000 square feet to 8,000 square feet.
U.S. “protein delivery” company opens first Canadian store
Frozen meat and seafood delivery company Wild Fork is set to open a 4,000 square-foot store in Whitby, Ontario, with eyes on about 20 new locations in the GTA in the next year or two, followed by B.C. and Alberta.
MEC to open Moncton store in former Bed Bath & Beyond
The retailer said the new store in Moncton will provide the premium MEC experience and expertise and the additional 6,000-square-foot backstock will accommodate the future addition of a substantial rental fleet assortment, as well as a bike shop.
BoC more worried about Cdns keeping up with their debt
The strain of rising mortgage interest costs on indebted households and the aftershocks of the U.S. banking crisis have emerged as two key risks highlighted in the Bank of Canada’s latest Financial System Review.
U.S. retail leasing trends to watch in 2023 and beyond
U.S. retail fundamentals are solid. For example, in its Q1 2023 market outlook, CBRE reports although sales growth has slowed, the sector remains resilient. Retail availability reached 4.8 per cent, the lowest since CBRE began tracking this data in 2005.
Regency Centers to acquire Urstadt Biddle REIT for $1.4B
Regency Center Corp., among the largest publicly traded real estate income trusts in the nation, reached an agreement Thursday to buy a much smaller rival whose retail portfolio is focused on demographically strong suburban New York markets.
NYC skyscrapers sit vacant, exposing an unpredicted risk
Vacancies reached a record 22.7 per cent this year, after decades of an average rate that never surpassed 11 per cent. NYC’s budget experts say the vacancy rate won’t dip below 19 per cent before at least 2026.
Disney no longer planning $1B Orlando development
Amid an ongoing battle with the State of Florida, Disney has abandoned plans to build a massive development in Orlando that would have created more than 2,000 high-paying jobs.
'We are in an affordability crisis and we have to wake up': CIBC
In a wide-ranging interview, CIBC deputy chief economist Benjamin Tal talks about Canada’s housing market, the risk of further rate hikes and the U.S. debt ceiling.
Opinion: Mortgage debt a ‘ticking time bomb’
Economists at Desjardins Capital Markets have issued a dark warning about how much more damage high interest rates could inflict on the mortgage and housing market: You ain’t see nothin’ yet.
Here's where home prices in Canada are actually down
Although the average price of a home has been rising on a monthly basis since January, some cities are seeing declines. These include Saskatoon and Trois-Rivieres, Que., as well as the province of Prince Edward Island.
Buyers get busy as Metro Vancouver home prices set to rally
Anecdotal rumblings of a strong spring market are showing up in data, as impatient buyers, steady but elevated mortgage rates and a lack of supply trigger a surge in both sales and prices.
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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