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Manji, Sandpiper jump into First Capital REIT controversy
Manji, Sandpiper jump into First Capital REIT controversy
Samir Manji is no stranger to corporate shakeups, and the latest target for the founder and owner of Sandpiper Group is embattled First Capital REIT.
Championing women’s rise to senior CRE executive positions
Empowering women to rise through the ranks of commercial real estate companies into senior positions is an intentional process that requires strategies that both women and their "male allies" can deploy.
Construction sector shed 25,000 jobs in November
Canada's construction sector lost 25,000 jobs in November, offsetting the gain in the prior month of plus-25,000. The decline in November occurred mainly in Alberta (-13,000 jobs) and British Columbia (-9,200).
Prairie office markets retrench
The dawn of 2023 will bring a promising new start for Prairie real estate markets, with strong economic fundamentals driving industrial growth and renewed investment lifting the hopes of office landlords.
IHG Hotels & Resorts opens Canada's first avid hotel
IHG Hotels & Resorts (IHG), one of the world's leading hotel companies with more than 6,000 destinations and 17 brands, today announced the opening of its first Canadian avid hotels property in Vaughan.
Skale proposes 34-storey mixed-use tower
Skale Developments has proposed a 34-storey mixed-use tower at 1840 Bayview Ave. in Toronto's Sherwood Park community. The architects–Alliance-designed tower would feature 377 residential units, 2,174 square feet of commercial space and 416 spots for bicycles.
Brookfield to pave net-zero path for Amazon Web Services
Toronto-based Brookfield Asset Management Inc. (BAM-N) has selected Amazon Web Services, Inc. (AWS) as its preferred cloud provider, and in turn Brookfield will help provide Amazon (AMZN-Q) with a path to reaching net-zero carbon emissions by 2040.
Shopify's $118B rout slows stock-market run
Shopify Inc.’s (SHOP-T) 70 per cent plunge has almost single-handedly dragged the Canadian stock market into the red this year, taking the shine off what would otherwise be one of the world’s top-performing major equity benchmarks.
Cineplex opens first Junxion complex in Winnipeg
Cineplex Inc. (CGX-T) has opened the first of its new theatre, dining and entertainment complexes called Junxion. The Toronto-based theatre operator’s first location is at Kildonan Place, a Winnipeg mall that was home to a Famous Players cinema.
Lululemon says inventories surged in third quarter
Lululemon Athletica Inc, (LULU-Q) said on Thursday inventories surged in the third quarter as consumers pulled back on spending. The athleisure apparel maker’s shares were down 10 per cent in extended trading.
Decathlon opens at Markham's CF Markville
Sports retailer Decathlon has opened a flagship store in Markham’s CF Markville shopping centre, part of an ongoing Canadian expansion. The 35,000-square-foot location features a focus on products for badminton, tennis, hiking and traditional Canadian winter sports.
No ‘credible plan’ for Eglinton LRT completion: Metrolinx
The consortium building the Eglinton Crosstown LRT says it expects the long-delayed transit project to be completed by March 2023, but the provincial transit agency overseeing the project says that date is “overly ambitious.”
Goldman raising new $7B debt fund
Goldman Sachs is raising money for a new real estate debt fund, looking to profit by filling the gap left by banks wary of lending during a period of market volatility. The fund is expected to raise $7 billion.
Pangea sells Chicago properties to Emerald for $600M
Chicago-based private REIT Pangea Properties has sold 7,500 units at more than 400 of its Chicago properties to New York real estate firm Emerald Empire in a $600 million US deal.
Malls benefit from being near military centres: PREIT
U.S. military bases are becoming hotbeds of economic development for PREIT Real Estate Investment Trust, which has two properties, Jacksonville Mall and Patrick Henry Mall, in Newport News, Va., located near such installations.
China to expand REITs pilot program into more fields
China will expand the pilot scheme for REITs to cover more fields, China Securities Regulatory Commission deputy director Li Chao said Thursday. Efforts will be expedited to develop REITs in new energy, water conservancy, new infrastructure and other infrastructure.
Homeowners paying $24.2K more a year on interest: Study
Since the Bank of Canada began tightening in March, the policy rate has increased by 400 basis points, meaning that a household is paying $24,200 more in interest a year on a national average home worth $756,000.
Calgary’s rental market soaring into a record year
Calgary’s multiresidential rental market is firing on all cylinders coming into 2023, which is shaping up to be a banner year due to an influx of new workers and students, according to a third-quarter 2022 report from NAI Advent, Calgary.
Mom and Pops increase share of Vancouver housing
In 2018, corporations owned 36,475 residential properties in Metro Vancouver and by 2020, they owned 41,400 homes in the region, says Simon Fraser University professor Andy Yan. Of those corporate owners, 83 per cent own only one or two properties.
N. Van. blows past ambitious housing and rental targets
As the housing crisis in B.C.’s Lower Mainland pushed prices skyward, the City of North Vancouver set ambitious targets to build new housing and rentals, then proceeded, over the past six years, to blow past them.
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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