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Dream LeBreton unveils two-tower design for Ottawa project
Dream LeBreton unveils two-tower design for Ottawa project
The Dream LeBreton partnership has unveiled the design plan for its two-tower-plus-podium residential and commercial development which will kick off a new phase of building at Ottawa’s long-vacant LeBreton Flats.
Minto to develop multires tower at Calgary's East Village
Minto Communities Canada has been selected as the next developer to construct new housing in the Calgary Municipal Land Corporation's (CMLC) East Village revitalization project.
 | The People Space CFO moves at Fengate, SmartCentres, Minto, Firm Capital ...Don WilcoxManaging Editor, RENX |
Shrinking St. Lawrence latest threat to shipping routes
Parts of the St. Lawrence River have hit 10-year lows, said Bryce Carmichael, hydraulic engineer and U.S. section secretary for the International Lake Ontario-St. Lawrence River Board. Seaway managers are considering boosting the flow of water from Lake Ontario.
Maître Carré breaks ground on 216-unit Mtl. rental project
Montreal-based developer Maître Carré announced Mellem — its new 216-unit rental project just 400 metres from Frontenac metro station — is on track for completion in spring 2024. Mellem will comprise two six-story buildings separated by a public square.
Vancouver commercial condo market cools
Investor interest in strata commercial projects has cooled as high per-square-foot prices and rising interest rates make rentals a questionable cash flow, commercial agents say. Such developments have come to dominate industrial development in Metro Vancouver.
YMCA/YWCA to sell downtown Ottawa building
The YMCA-YWCA of the National Capital Region has announced that its flagship building on Argyle Avenue in downtown Ottawa will be listed for sale as part of a planned transition to a new facility.
Workers returning to T.O., Mtl. urban offices: Emory
VIDEO: Michael Emory, CEO of Allied Properties REIT (AP-UN-T), joins BNN Bloomberg to talk about third-quarter earnings and how the company is observing a meaningful and consistent increase in utilization rates of office buildings in Toronto and Montreal.
Irish fintech Global Shares opening Calgary office
Global Shares, an Irish fintech company, is opening an office in Calgary as part of its North American expansion. Global Shares, recently acquired by J.P. Morgan, expects to hire 100 new employees within the next two to three years.
Architect saviour of Old Montreal dies at 98
Blanche Lemco van Ginkel, the pioneering Montreal-raised architect who is credited with helping to save Old Montreal from destruction and bringing the Expo 67 world fair to the city, has died in Toronto at the age of 98.
Top 10 largest construction project starts
The accompanying table records the 10 largest construction project starts in Canada in September 2022. Also included is the latest trend graph on starts. This looks at 12-month moving totals of the civil and non-residential building categories in Canada.
Real estate podcasts
Melanie Ducholke, Camgill Development Corp.: Finance & investment, CRE Podcast
Nicole Dallas, Cushman & Wakefield: Increasing amenity choices, Tenant Experience Network
Carol Waldmann, Hootsuite: Office space a critical engagement tool, People Who Perform
CBRE to lay off workers amid $400M cost-reduction plan
CBRE, the world’s largest commercial real estate services firm, plans to reduce costs by $400 million, including $300 million in permanent cuts mainly related to staff reduction, according to the company's third-quarter earnings report.
Alphabet freezes hiring, CRE investment could be next
Google’s parent company Alphabet is slowing hiring efforts, a move that could impact the tech giant's real estate footprint. CFO Ruth Porat said full plans to slow hiring will be made clearer in 2023, but the pullback is already underway.
Comcast aims to sublease 500K sq. ft. of office space
Comcast has more than 500,000 square feet of office on the market for sublease nationwide, representing about a 10th of all the office space the media giant occupies in the United States.
Four Seasons to open hotel in Suzhou, China
Toronto-based Four Seasons Hotels and Resorts and Hong Kong partner Sun Hung Kai Properties announced plans to develop a new Four Seasons hotel on a 22-acre private island in Suzhou, China. The hotel is set to open in late 2023.
Canadians lose $900B as housing slumps and rates surge
The nearly $4 trillion Canadians amassed in net wealth during the pandemic is quickly evaporating as the housing market cools and interest rates surge, says a new report from RBC.
Housing shortage is bad for business - and getting worse
“Businesses shape housing and housing shapes businesses,” explains urban planner Andy Yan, who says the need to plan for and consider workforce housing is reaching a critical point in some of Canada’s cities.
Provincial bill ‘critical’ for Ottawa housing goals: GOHBA
An announcement from the provincial government could be just the pressure Ottawa’s new city council needs to reach its housing goals, says Jason Burggraaf, executive director of the Greater Ottawa Home Builders’ Association (GOHBA).
Victoria rental market could get even tighter: Colliers
Rising interest rates and construction and land costs that make it harder for builders to start projects could make Greater Victoria’s rental housing market — already tight with a one per cent vacancy rate — even tighter, said Colliers International's Grant Evans.
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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