LocationsRecent Articles
Crestpoint fund acquires $180M of industrial in GTA, Burnaby
Crestpoint fund acquires $180M of industrial in GTA, Burnaby
Crestpoint Real Estate Investments Ltd., has acquired almost 500,000 square feet of industrial properties in the Greater Toronto Area and the Metro Vancouver city of Burnaby for over $180 million.
CanFirst buys, builds to grow ind. portfolio in GTA, Montreal
CanFirst Capital Management has bolstered its Eastern Canadian commercial portfolio by securing industrial facilities along key distribution routes in the Greater Montreal and Toronto Areas, as well as in Southwestern Ontario.
Vancouver Sun’s former Surrey printing plant land sold
Postmedia has sold its former Vancouver Sun and Province printing plant site in Surrey for $75 million. The 14-acre parcel, which is zoned for light industrial, was acquired by Northwest Development Ltd. of Vancouver.
Loop sells Quebec industrial park land for $30.5M
Loop Industries, which aims to recycle single-use plastic, is selling a 20-million-square-foot parcel of land in Quebec Societe-Parc Industriel for $30.5 million. Loop had acquired the land for $5.9 million in May 2021.
Medical clinic may make way for T.O. 41-storey mixed-use
The possible demolition of the Balmoral Medical Arts Facility at 1366 Yonge St. to make way for Bazis' proposed 41-storey mixed-use building, with nearly 500 residential units and ground-floor retail, is drawing outrage from the community.
Hazelview proposes four 21-storey residential towers
Hazelview Investments has proposed four 21-storey, 250-foot residential towers at 530 The East Mall in Etobicoke. The Turner Fleischer Architects-designed towers would total 1,074 residential units, including 110 rental replacement units.
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Lethbridge CRE market bump expected in 2023: AY
An Avison Young report shows Lethbridge's commercial real estate market is in a “holding pattern,” but that’s expected to change. With new developments ongoing or close to completion, Avison Young’s Lethbridge managing director Doug Mereska is optimistic.
Advocates call for commercial parking levy to fund TTC
Advocates say the City of Toronto could have raised nearly $3 billion for transit and climate sectors from big corporations over the last five years if they had decided to use a commercial parking levy.
Retail leasing in Canada rebounds: Morguard report
Retail operators focused on revenue growth, balance sheet stabilization, and operational efficiency while landlords focused on increasing occupancy in 2022, according to Morguard Corporation’s recent Canadian Economic Outlook and Market Fundamentals Report.
Rabba opens 36th marketplace in GTA
Rabba Fine Foods opened a new marketplace in Toronto’s financial district this week. The retailer’s 36th store is located on the corner of Richmond Street and Victoria Street and will be open 24/7, all year round.
Tesla to lease million square feet at Texas industrial park
Tesla Motors has signed a full-building lease at Building 9 of the Empire West Business Park, a more than one-million-square-foot industrial facility at 111 Empire Blvd. in Brookshire, Texas.
Honda, LG to build $3.5B Ohio battery plant
Honda Motor Co. Ltd. and LG Energy Solution have teamed up to construct a new battery plant in Fayette County, Ohio. The joint venture intends to break ground on the $3.5 billion project in early 2023.
Las Vegas Sands to buy Nassau Coliseum
Las Vegas Sands has agreed to buy the long-term lease of the Nassau Veterans Memorial Coliseum — the largest arena on Long Island and long-time home of the NHL's New York Islanders — and hopes to develop a casino on the site.
China Evergrande’s auditor resigns over disagreement
Embattled property developer China Evergrande on Monday said its current auditor, PricewaterhouseCoopers, has resigned as the parties disagreed over the timeline and scope of work surrounding the firm’s status as a going concern and other audit-related matters for fiscal 2021.
Ontario condo associations call for safety reform
Ontario’s leading condo associations are calling on the provincial government and industry regulators to reform legislation and create better resources for safer condo communities in light of the shooting at Bellaria Residences in Vaughan in December.
B.C. announces 'one-stop shop' for homebuilding permits
B.C. has unveiled a “one-stop-shop” approach to provincial permitting to help speed up approvals and construction of homes in the face of a housing crisis. Homebuilding in B.C. can require multiple permit applications involving different ministries and processes.
Average Van. development approval timeline 15.2 months: CHBA
Vancouver ranks 12th out of 21 municipalities across Canada for construction approvals and processing, according to a recent report from the Canadian Homebuilders Association (CHBA). Edmonton was the top city on the list.
Annual pace of housing starts slowed in December: CMHC
The Canada Mortgage and Housing Corporation (CMHC) says the annual pace of housing starts in December slowed five per cent month-over-month. The seasonally adjusted annual rate of housing starts in December was 248,625 units following 263,022 in November.
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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