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'Huge rise' in Toronto-area CRE salaries in 2022: Hays
'Huge rise' in Toronto-area CRE salaries in 2022: Hays
Salaries for executives in top commercial real estate positions in the Greater Toronto Area increased an average of 15 per cent last year as the “candidate-driven market” continues, says Dan McLeod of recruitment firm Hays in Toronto.
Calgary, Rocky View County partner on industrial corridor
Rocky View County and the City of Calgary have agreed to work together to develop a new industrial corridor along Calgary’s southeast boundary on lands formerly designated for development within the county’s Shepard Industrial Area Plan.
Panattoni, Fiera buy Edmonton ind. land, plan biz park
Panattoni Development Company, in partnership with Fiera Real Estate Investments Limited, has purchased 152 acres of zoned industrial development land in Acheson, just outside Edmonton, with the potential to build about two million square feet.
BoC raises interest rate for eighth time, to 4.5 per cent
The Bank of Canada raised its key overnight lending rate for the eighth straight time Wednesday morning, but signalled its rate-hiking campaign could finally be over. It bumped the overnight rate up by 25 basis points to 4.5 per cent.
National office vacancy to peak at 15% in 2024: Colliers
According to a new Colliers report, national office vacancy is set to reach 15% by the end of 2024 before it begins to decline, with economic growth predicted to reduce the upward pressure caused by the rise in hybrid work.
Geothermal makes good business sense for Core Dev.
If you ask Core Development Group CEO Corey Hawtin why he decided to power $3 billion worth of real-estate projects with geothermal energy, he’ll describe a journey of discovery reminiscent of Thomas Edison.
Toronto neighbourhoods inspire Rogers Centre reno
Renovations at the Rogers Centre are well underway and the design includes an outfield district with four unique neighbourhoods inspired by different areas of the city. The Toronto Blue Jays unveiled the new neighbourhoods Jan. 17.
Innergex acquires 60 MW Sault Ste. Marie solar facilities
Innergex Renewable Energy Inc. has agreed to acquire three operating solar facilities from Fengate Asset Management, totalling 60 megawatts, in Sault Ste. Marie, Ont. for $219.7 million (including debt).
Pet groomer opening first Canadian store in Mississauga
Miami-based Woof Gang Bakery & Grooming, a leading pet service franchise brand in the U.S., is expanding into Canada with its first store opening in the coming months in Mississauga. The company plans to eventually open 200 locations across the country.
Herschel Supply Co. To Open Several New Stores in 2023
Vancouver-based global travel lifestyle and accessories brand Herschel Supply Co. continues to expand its retail footprint with several new stores planned in 2023. Herschel currently has seven stores in North America with about 40 to 50 partner stores in Indonesia.
HBC to shed 2% of workforce in ‘strategic realignment’
Hudson’s Bay is laying off two per cent of its total workforce, estimated to be about 250 employees, largely within Canada. The layoffs will impact corporate roles at The Bay and Hudson’s Bay, the retailer’s online and brick-and-mortar operations, respectively.
Blackstone talks with Bain to sell $480M stake in Indian REIT
Blackstone (BX.N) is in talks to sell around half of its stake in India's largest REIT Embassy Office Parks to private equity firm Bain Capital, two sources said, in a deal worth up to $480 million at current prices.
New demand for U.S. office space down 20.7% year-over-year
According to the latest VTS Office Demand Index analysis, new demand for U.S. office space ended the year 31.3 per cent below its May 2022 peak, and fell 20.7 per cent year-over-year to a VODI of 46 in December.
$1.7T U.K. pension giant plans double assault on U.S. CRE
Two divisions of Legal & General Capital – one of the U.K.’s largest pension fund managers – are planning a significant expansion into the U.S. real estate market with rented residential sectors at the forefront of the strategy.
Twitter faces lawsuits over unpaid rent for U.S. HQ, U.K. office
More landlords are taking Twitter to court over unpaid rent at the social media company's headquarters in San Francisco and its British offices – the latest legal headaches for billionaire owner Elon Musk, who has been trying to slash expenses.
Calgary house prices will stabilize in 2023: CREB
The Calgary Real Estate Board is expecting stability to return to the housing market in 2023 after two years of record growth. The CREB is forecasting 25,920 sales this year, a dip from 29,672 in 2022.
Mtl. residential project stalls after citizen pushback
A proposed nine-storey 272-unit residential project at 3612 and 3614 St. Jean. Blvd. in the Montreal suburb of Dollard-des-Ormeaux is going back to the drawing board, Mayor Alex Bottausci says. “It’s a full stop,” said Bottausci.
Reassessment ups N.S. multiresidential property values
Assessment roll analysis from Turner Drake and Partners pegs the average Nova Scotia multiresidential price increase at 8.5 per cent, but assessed values rose by at least 10 per cent for 50 per cent of the properties surveyed.
Vancouver's plan to build new housing in old no-grow zones too timid
EDITORIAL: Vancouver's small step to open up where new housing can be built is the right direction and the right philosophy. However, it’s incremental; apartment buildings remain consigned to busy streets. This modest increase is dubbed “gentle” density.
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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