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High-rise development land deals slowing in GTA
High-rise development land deals slowing in GTA
If the small number of zoning-approved, high-density residential land sales in the third quarter are any indication, condominium developers are in no rush to launch new projects in the Greater Toronto Area (GTA).
Mattamy building new phase at Calgary Southwinds
Since entering the Alberta market in 2007-'08, Mattamy Homes, North America's largest privately owned homebuilder, has firmly established its presence and confidence in the province with thousands of homes already built and plans of many more to come.
Gov't land needed to solve warehouse shortage: CBRE
Wth e-commerce rates at record highs, companies are needing more places to store their goods. Unfortunately, there’s no more space, so experts, including Chris MacCauley, executive vice-president of CBRE in Vancouver, say it’s time to get creative with government land.
Ontario passes housing bill amid criticism
Ontario passed a housing bill Monday intended to spur development but critics say it will lead to higher property taxes, weaken conservation authority powers, and not actually make homes more affordable.
RBC to buy HSBC’s Canadian unit for $13.5B
Royal Bank of Canada (RY-T) is buying HSBC Bank Canada for $13.5 billion in cash in the largest deal ever reached between two domestic banks in Canada. HSBC Canada has $134 billion of assets, with about 130 branches.
Taking a peek at Vancouver's largest project
On the former site of Vancouver's Oakridge shopping centre, a $4.5-billion project, led by Vancouver developer Westbank and financed by QuadReal, is underway. When it’s done, there will be 14 towers, rising as high as 55 storeys.
 | Grosvenor Grosvenor appoints new development team leadershipGrosvenor, a privately held property owner and developer with a 70-year track record in North America, announced leadership appointments to support a $5.1bn USD pipeline in U.S. and Canada. Sponsored by: Grosvenor |
Allied's potential data centre sale good for unitholders
Allied Properties REIT’s (AP-UN-T) decision to explore the potential sale of its urban data centre (UDC) portfolio located in downtown Toronto “is a significant opportunity to surface value for unitholders,” said Canaccord Genuity analyst Mark Rothschild.
Suncor to keep Petro-Canada gas station chain
Suncor Energy (SU-T) plans to hold on to its Petro-Canada division and expand the gas stations’ offerings, defying an activist investor’s push to sell the chain. Petro-Canada is the country’s largest gas station network, with 18 per cent market share.
Shops at One York adding three new retailers
Shops at One York is providing a premium retail experience for consumers at the heart of Toronto’s South Core community. And the shopping centre is adding more tenants - Second City, Nature’s Emporium and the One York Food Hall by Oliver & Bonacini Restaurants.
Clear, Atlantium partner on water purification tech
Clear Inc. has signed an exclusive agreement with Atlantium Technologies Ltd. to install its disinfection systems in commercial and residential buildings to improve water quality and help ward off "sick building syndrome."
Income-producing properties providing a hedge against costs
In the current environment, where recovering occupancies was followed by rising costs, lease rates have moved higher even as assets stopped trading. This has refocused attention on cash flow as a key measure of real estate value.
Unaffordability plaguing Tri-Cities doctors’ offices
Unaffordability plagues nearly every corner of the Lower Mainland, including doctor’s offices. It’s the biggest obstacle preventing family doctors from setting up shop in the Tri-Cities, said Kristan Ash, executive director of the Fraser Northwest Division of Family Practice.
Number of empty parking stalls remain high in Calgary
Empty parking stalls, once a rarity in Calgary’s bustling core, are now commonplace among the city’s surface lots and parking garages, as vehicle traffic into downtown remains below historic highs due to prolonged challenges.
10 largest construction project starts in Canada
The accompanying table records the 10 largest construction project starts in Canada in October 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.
Skyline brings three apt. buildings to Vancouver Island
Skyline Group of Companies has completed construction on for three mid-rise apartment buildings on Vancouver Island, bringing 230 new rental suites to the cities of Nanaimo and Parksville. Both properties will be managed by Skyline Living.
Anthem proposes 12-storey mixed-use in Port Moody
Anthem Properties Group has proposed a 12-storey mixed-use in Port Moody. The IBI Group-designed building would include 128 secured rental homes - 21 studios, 65 one-bedrooms, 32 two-bedrooms and 10 three-bedrooms - and a 46,000-square-foot religious and educational hub.
Private sector must be involved in housing crisis: CMHC
The Canada Mortgage and Housing Corp. says government alone can’t solve Canada’s housing affordability challenges. The scale of the problem is so large the private sector must be involved, says a report by CMHC deputy chief economist Aled ab Iorwerth.
Re/Max forecasts 3.3% decline in prices in 2023
RE/MAX Canada brokers and agents are expecting 60 per cent of Canada’s housing market to return to balanced activity next year, with an average 3.3 per cent drop in home prices, a report released Tuesday shows.
More Canadians carrying mortgages into retirement
According to Statistics Canada, more retirement-age Canadians are still paying off a mortgage, and financial advisers say rising interest rates will make it even more challenging for Canadians to pay off their home before they retire.
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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