Real Estate News Exchange (RENX)
c/o Squall Inc.
P.O. Box 1484, Stn. B
Ottawa, Ontario, K1P 5P6

thankyou@renx.ca
Canada: 1-855-569-6300

Privacy Policy
Terms of Use
Alberta Atlantic Canada Banff British Columbia Calgary Charlottetown Edmonton Greater Montreal Halifax Hamilton International Jasper Lethbridge Manitoba Metro Vancouver National Nova Scotia Ontario Ottawa Quebec Quebec City Saskatchewan Saskatchewan Toronto / GTA Winnipeg Yukon / NWT / Nunavut

Recent Articles

Note of caution as Vancouver industrial sets records

2 years ago

RENX   •   • 

Metro Vancouver’s industrial market continues to set records as the most expensive in Canada, with six consecutive quarters of the most constrained supply. The market had 0.5 per cent vacancy and a record $18.09-per-square-foot average lease in Q1 2022.

RENX   •   • 

Choice Hotels International (CHH-N) has a deal to acquire the franchise business, operations and intellectual property of Radisson Hotel Group Americas and its 624 hotels for approximately $678 million Cdn. The transaction includes the company’s Canadian properties.

 •   •   • 

Prologis Inc. (PLD-N) boosted its bid for U.S. warehouse landlord Duke Realty Corp. (DRE-N) to an all-stock offer of about $26 billion including debt, securing a deal after months of negotiations. Prologis plans to hold about 94% of Duke Realty’s assets.

 • 

Vancouver city council has unanimously approved a motion directing staff to look into the pros and cons of guaranteed wait times for building permits as submissions for residential and commercial renovation permits are up 25 per cent from last year.

Yardi

 • 

A surge in industrial investment and new incentives could be just the thing to boost the fortunes of Saskatoon’s downtown office market. RBC predicts it will lead Canada in economic growth this year, at a sizzling six per cent.

 • 

Saskatchewan will lead Canadian provinces in economic growth in 2022, with Alberta and Manitoba ranked No. 2 and No. 3, according to a forecast from RBC released June 7.

 • 

The City of Winnipeg has reached a deal to provide police, fire, ambulance and other services to the Naawi-Oodena development, a 160-acre site the city says is the largest urban reserve in Canada.

 • 

Calgary-based JEMM Properties’ 16-storey Bridge at Bridgeland will welcome the first tenants into its 285 purpose-built rental suites on July 1. The Zeidler Architecture-designed  Bridge — at 950 McPherson Square, N.E. – will offer studio, one- and two-bedroom apartments.

 • 

On Friday, Paris-headquartered cosmetics retailer Sephora will be the first store to open at the Union Station’s Bay Concourse Hall. The 4,175-square-foot store will be followed by Villeneuve-d’Ascq, France-based retailer Decathlon, Japanese café chain Arabica, an LCBO and a Cinnabon.

 • 

Farm and ranch retailer Peavey Mart has opened its 40,000-square-foot Flagship store in the company’s home base of Red Deer, Alta. “It was obvious to have a flagship presence in your home centre,” said Peavey Mart executive Jest Sidloski.

 • 

Forest products firm Wawa OSB has announced a new online communications tool and held its first citizens meeting in Wawa, Ont. as it prepares for retooling and recommissioning of its wood products plant. The value of the upgrade is $190 million.

 •   •   • 

Even though many Canadian REITs are heavily discounted right now, few can match the size of the discount tag on Minto Apartment REIT (MI-UN-T). If you are not interested in the residential, consider NorthWest Healthcare Properties REIT (NWH-UN-T)

Property Vista

 •   • 

Starting about three years ago, Amazon quietly began searching for property in key U.S. markets such as Southern California, Texas, Illinois, Florida and the Bay Area. Between 2020 and 2022, Amazon tripled the amount of its built industrial space in North America.

 • 

India’s IndInfravit Trust said on Friday it would acquire five operational road projects from companies owned by Brookfield Asset Management’s (BAM-A-T) funds in a deal valued at about US$1.2-billion, including debt, as it seeks to expand its road portfolio.

 •   •   • 

The Singapore real estate market enjoyed its strongest start to a year in a decade thanks largely to foreign players driving a 21 per cent annual increase in transactions of income-earning assets in the first quarter, according to MSCI.

 • 

Chinese property giant R&F is set to restart work on its troubled Nine Elms scheme in South London after reaching a $1.2 billion Cdn funding deal with Apollo Global Management, Carlyle Group, Crosstree Real Estate Partners and Précis Capital.

Global Property Market

 • 

While rents in Toronto aren’t quite back to their pre-pandemic levels, the cost to rent a home in several GTA suburbs and peripheral cities has soared beyond early 2019 rates, rentals.ca data shows — with dramatic increases in Cambridge, Kitchener and Hamilton.

 •   • 

Manulife Bank’s Debt Survey revealed 71 per cent Canadians who do not own a home worry about saving up for one. Among those surveyed, fewer than half feel prepared for rising interest rates (46%), inflation (42%), or housing prices (40%).

 • 

B.C. Attorney General and Housing Minister David Eby says it makes sense to require companies promoting short-term rentals through online platforms to share information with local governments.

 • 

A new report asks for Ottawa Mayor Jim Watson to write to the province requesting changes to the Residential Tenancies Act to protect tenants and help prevent renovictions.

Industry Events

Subscribe to our newsletter

Sign up to the RENX email newsletter to receive daily industry news, breaking news and RENX updates.

Follow us on Social Media

Follow RENX on your favorite social media platform for news delivered to your feed.

Advertise with Squall

RENX advertisements reach thousands of Canadian professionals every day.

Get a Media Kit
Alberta Atlantic Canada Banff British Columbia Calgary Charlottetown Edmonton Greater Montreal Halifax Hamilton International Jasper Lethbridge Manitoba Metro Vancouver National Nova Scotia Ontario Ottawa Quebec Quebec City Saskatchewan Saskatchewan Toronto / GTA Winnipeg Yukon / NWT / Nunavut
RENX
© 2024 Squall Inc.
About Us • Privacy Policy • Terms of Use