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Harrison Street buys Le Mildoré student apt. bldg. in Montreal
Harrison Street buys Le Mildoré student apt. bldg. in Montreal
Harrison Street’s Canada Alternative Real Estate Fund has acquired Le Mildoré, a new, 279-bed purpose-built student accommodation (PBSA) property in Montreal as part of a joint venture with developer Werkliv.
Downtown Calgary office towers rebound in value
For the first time in eight years, the value of office buildings in downtown Calgary, which plunged 68 per cent between 2015 and 2022, increased by nearly four per cent year-over-year in 2022, according to city data released Wednesday
ATCO acquires Triple M Modular Housing
ATCO Ltd. (ACO-X-T) announced its Structures division has acquired Triple M Modular Housing, a leading North American manufacturer of factory-built, modular housing based in Lethbridge, Alta. Triple M will operate as a specialized housing division for ATCO Structures within Canada.
Ivanhoé renews 1.2M sq. ft. of NYC office tower leases
Ivanhoé Cambridge announced it has renewed 1.2 million square feet of leases for anchor tenants Fox Corporation and News Corp at its 44-storey 1211 Avenue of the Americas tower in Midtown Manhattan.
Bed Bath & Beyond exploring bankruptcy
Bed Bath & Beyond (BBBY-Q), which has 65 Canadian locations, said Thursday it was exploring options, including bankruptcy, to address the U.S. home goods retailer’s plunging sales, dwindling cash and debt load. Shares were down 13% in premarket trading.
Iconic retailer Reitmans looks to next generation
Reitmans (RET-X), at the stately old age of 94, filed for protection from its creditors in May 2020 and emerged from restructuring 19 months later, albeit minus 160 stores, two brands (Addition Elle and Thyme Maternity) and about 1,400 employees.
 | Colonnade BridgePort Getting it right: Capitalizing on the lifestyle renterMore and more people are choosing to rent. And while high-end living spaces and quality amenities may initially draw these Lifestyle Renters to a particular building, it’s the living experience that property managers help to provide that will keep them there. Sponsored by: Colonnade BridgePort |
B.C.-based Noodlebox kicks off national expansion
Abbotsford-based Noodlebox, which started as a food cart in Victoria’s Chinatown in 2001, has 31 locations serving its Southeast Asian street food today with a further 52 secured locations in development.
Calgary-based Swimco back in business
Calgary-based Swimco has returned to physical retail locations with an eye towards expanding to more stores in the future. It comes more than two years after the company went bankrupt,. At its peak, Swimco had 25 stores across Canada.
H&M shutters doors on one of its first T.O. stores
Swedish fast-fashion retail giant H&M has permanently shuttered one of its first Toronto locations after more than a decade. The store, at 427-429 Queen St. W., opened in August 2007 in Toronto’s trendy Queen West neighbourhood.
Canopy Growth completes retail cannabis exit
As most companies within the Canadian cannabis industry struggle to turn a profit, Smiths Falls, Ont.-based Canopy Growth Corp. (WEED-T) has completed a deal to exit the retail landscape across the country.
BoreA aims to cut emissions by 85% with new facility
BoreA Canada, a producer of organic essential oils, hydrosols, resins and extracts, is constructing a multipurpose building to increase production, while aiming for an 85 per cent reduction in greenhouse gas (GHG) emissions.
Amazon to lay off more than 18,000 employees
Amazon.com Inc. is laying off more than 18,000 employees — the largest reduction in its history — in the latest sign that a tech-industry slump is deepening. CEO Andy Jassy announced the cuts, which represent about one per cent of Amazon’s employees,
Manhattan office leasing declines 47% in Q4: Colliers
Manhattan office leasing declined by nearly half in the fourth quarter of 2022 compared to the previous quarter, according to Colliers, striking an ominous note for the city’s office market as it enters a fourth year of the pandemic.
U.S. industrial sublease availability up 46%
The amount of industrial space U.S. occupiers returned to the market grew has grown nearly 46 per cent since the start of 2022 and experts at Colliers expect that trend to continue into the new year.
BlackRock, M&G defer withdrawals from U.K. funds
U.S. fund manager BlackRock and British asset manager M&G are delaying redemptions from U.K. property funds managing around $13.1 billion Cdn of assets as investors seek to exit Britain's real estate market.
Vancouver home sales down 52% year-over-year
The Real Estate Board of Greater Vancouver says home sales and prices continued their fall in December, dropping by 52 per cent and three per cent, respectively, from a year ago.
T.O. home prices down 19% from record high in March
Canada’s two largest housing markets closed 2022 with another loss in December. Toronto home prices were down 19 per cent and Vancouver 10 per cent from record highs earlier in the year, as borrowers struggled with higher interest rates.
Calgary housing inventory hits 10-year low
Calgary’s home sales closed 2022 with inventory declining to 2,214 in December from 3,109 in November, the lowest inventory reported by the Calgary Real Estate Board in over 10 years.
Calgary home value jumps 12% in latest assessment
A 12 per cent surge in the value of residential properties in Calgary reflects a strong, growing housing market, the city assessor said Wednesday. A typical single residential property is now worth $555,000, a 14 per cent year-over-year increase.
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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