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The Well leads new charge for purpose-built rental in Toronto
The Well leads new charge for purpose-built rental in Toronto
Purpose-built rental construction is gaining momentum in Toronto and the new mixed-used downtown development The Well could be part of a new wave of badly needed housing options.
 | The People Space Marlin Spring promotes Lopes, new execs at Colliers, AY, IMC...Don WilcoxManaging Editor, RENX |
Oshawa development expected to bring 5K new homes
South Oshawa is getting a makeover. The former 425,000-square-foot PPG Glass plant has been demolished at the First Avenue site, which will become home to a new planned community of 5,000 residential units by First Avenue Investments.
Ontario Science Centre moving to Toronto's Ontario Place
The Ontario Science Centre will be moving to a revamped Ontario Place on Toronto’s waterfront. The next stage of a redeveloped Ontario Place includes an expanded amphitheatre, a public beach, bars, restaurants, a new marina and a massive spa.
Proposed B.C. ski resorts find First Nations buy-in vital
Several new all-season resort proposals hope to capitalize on the strong demand for ski experiences witnessed during the pandemic, but all recognize that they’ll amount to nothing without strong Indigenous participation.
Lonsdale Quay Market receiving major facelift
North Vancouver's Lonsdale Quay Market revitalization will include eatery King Taps' two-storey, 10,000-square-foot flagship location. Other additions to the dining scene will include fried chicken and waffles spot Le Coq Frit, and The Mainstay: A Market Bar.
Suit over Van. tower shattered windows settled for $6M
A settlement has been reached in a class-action lawsuit alleging fogging, shattering, and cracking defects in the glass windows of downtown Vancouver’s Shangri-La residential condo tower. The $6-million-plus settlement is pending final approval in B.C. Supreme Court.
Collapsed condo site has been visited 20 times: Evertrust
Evertrust Developments announced Ontario's Ministry of Labour has performed at least 20 field site visits to the five-storey, 214-unit Upper Vista Welland condominium construction site at 350 Prince Charles Dr. S. following two partial collapses in February.
Buhler Industries sells three properties for $24.3M
Winnipeg-headquartered Buhler Industries Inc. (BUI-T) has closed the sale of two properties in Fargo, N.D., and Vegreville, Alta. Buhler also completed the sale and leaseback of its Woodstock, Ont., property. Total proceeds net of commission was $24.3 million.
Empresa looks to acquire two-storey Victoria commercial
Victoria-based Empresa Properties is expected to acquire Victoria's two-storey Turner Building from a group of local businesspeople, pending rezoning and development permit approval for what is expected to be a mixed-use residential and retail project.
PROREIT opens the market, celebrates 10th anniversary
Gordon G. Lawlor, president, CEO and co-founder of PRO Real Estate Investment Trust (PROREIT) (PRV-UN-T), along with members of his team and of PROREIT's board, joined TSX's Karoline Hunter to open the market and celebrate PROREIT's 10-year anniversary.
Surrey school joins FortisBC's carbon-capture pilot
FortisBC’s pilot program to reduce the greenhouse gas emissions of its natural gas clients on a smaller scale through carbon capture has announced its latest user: Southridge School in South Surrey. The equipment comes from Calgary-based CleanO2 Carbon Capture Technologies.
Brookfield defaults on $161.4M debt for office buildings
Brookfield Corp. funds have defaulted on a $161.4 million mortgage for a dozen office buildings, mostly around Washington, D.C., as rising vacancies hit property values. Brookfield previously defaulted on debt tied to two Los Angeles buildings.
White House closely tracking CRE: Economist
The White House on Tuesday said it is closely tracking developments in commercial real estate after recent strains in the banking sector, given that many smaller and mid-sized banks have "non-trivial" holdings in commercial real estate.
U.S. call centres vacate 30M sq. ft. office space
Of the 200 million square feet of U.S. offices classified as call centres, 60 million is available, double the 30 million of availability in the sector before the pandemic, according to JLL data.
Denver’s office vacancy rate reaches 10-year high
Metro Denver’s office vacancy rate reached a 10-year high during Q1 2023 as economic uncertainty continues to weigh down the city’s commercial real estate market. Office vacancy increased 1.4% year-over-year to 20.9%, says CBRE.
Housing starts fall 11% in March: CMHC
Canadian housing starts fell more than expected in March, compared with the previous month, as groundbreaking decreased on multiple-unit and single-family detached urban homes, data from the Canada Mortgage and Housing Corporation showed on Wednesday.
T.O.’s soaring new condo prices may hurt renters most
Continued sluggishness in new construction condominium sales in Toronto is causing short-term pain for buyers and developers, but it could be renters who end up paying the price in the long term courtesy of condo investors.
Toronto’s luxury real estate sales plunge 65 per cent
Toronto luxury sales were down 65 per cent year-over-year in the first quarter of 2023 as the market continues to suffer with low levels of inventory, according to Sotheby’s International Realty Canada.
Hotels putting staff up in rooms amid housing shortage
Some hotels and resorts on Vancouver Island and elsewhere in B.C. are putting temporary foreign workers up in rooms to make sure they have enough staff to get through the summer season, says British Columbia Hotel Association president Ingrid Jarrett.
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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