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GALA buys Bradford industrial land, plans 1.4M sq. ft. of space
GALA buys Bradford ind. land, plans 1.4M sq. ft. of space
GALA Developments has closed on the acquisition of a strategically located 101-acre site in Bradford West Gwillimbury, north of Toronto, where it plans to develop approximately 1.4 million square feet of industrial space.
Minto Apartment REIT reports 'best quarter' since pandemic
For Minto Apartment Real Estate Investment Trust (MI-UN-T), the third quarter of 2022 was "easily our best quarter since the onset of the pandemic,” said CEO Michael Waters.
Largest phase underway in Surrey project
ICT Group and Lark Group’s Health and Technology District in downtown Surrey expanded Monday as ground was broken on the City Centre 4 building, the largest phase to date. The project will represent Canada's largest health and technology hub.
Exec talks Tricon's model for Toronto rental development
Andrew Joyner, managing director of investments at Tricon Residential Inc. (TCN-T), discusses the role of rental properties and how the unique challenges in delivering them to the Toronto market need to be more widely understood.
Downtown decline leads to suburban ‘15-minute ’hood’
They call it The Retreat. The 8,000-square-foot on-site/off-site office in the former Monk House in Kanata serves as a kind of home away from home for Fullscript employees who used to work downtown.
Can workplace design be recession-proof?
OPINION: What will a potential recession mean for the contract office market? Many employers are preparing for uncertainty and planning for cost reductions, which could include short-term belt-tightening to larger-scale, longer-term savings such as real estate optimization.
RJC excited about Cambridge Suites Hotel makeover
Kevin MacLean, partner at RJC Engineers, is excited about the challenges posed by the redevelopment of Cambridge Suites Hotel in Toronto’s financial district, adding 50 new storeys on top to create a 71-storey mixed-used development with 565 residential units.
Loblaw, Metro see sales, profit growth
Loblaw Companies Ltd. (L-T) and Montreal-based Metro Inc. (MRU-T) both reported growth in sales and profits in their latest quarters, as the sector continues to face scrutiny over food inflation and its impact on people’s ability to afford basic necessities.
Maître Carré earns B Corp certification
Montreal-based real estate development firm Maître Carré has received B Corp certification, lending credibility as it seeks to more deeply integrate environmental, social and governance values into its business.
Marlin Spring proposes 38-storey mixed-use tower
A new proposal designed by IBI Group for Marlin Spring and Metrolinx would bring a 38-storey mixed-use tower to 8 Dawes Rd. next to the Danforth GO station. The tower would contain 399 residential units and office space.
10-storey mixed-use proposed for North York
Richelieu and Stadacona Development have proposed a 10-storey mixed-use at 47 Stadacona Dr. in North York. The IBI Group-designed redevelopment would include 170 residential units - 98 one-bedrooms, 54 two-bedrooms and 18 three-bedrooms - and 4,844 square feet of retail.
RBI taps former Domino’s CEO as new executive chair
Tim Hortons parent company Restaurant Brands International Inc. (QSR-T) has hired Patrick Doyle, an executive known for leading a turnaround at Domino’s Pizza Inc. (DPUKY) as its new executive chair. Doyle will replace co-chairs Alex Behring and Daniel Schwartz.
Ivanhoé Cambridge backs co-living firm Cohabs
Belgian co-living startup Cohabs has bagged a $152 million Cdn round from a group including Ivanhoé Cambridge and set its sights on achieving 5,000 bedrooms for co-living rental and real-estate in the next four years.
U.S. rental sector rebound continued in 2022: Morguard
U.S. multi-suite residential rental demand surged to a record high during 2021, a trend that carried over into early 2022. As a result, vacancy fell to a decade-low in many markets, says a Morguard Corporation (MRC-T) update.
Tech layoffs propelling office sublease market to record highs
The amount of office space available for sublease is reaching record highs as tech companies, facing a cold winter, mount aggressive layoff campaigns. A record 212 million square feet of office space is reportedly available on the U.S. sublease market.
Sally Beauty closing approximately 350 stores
Sally Beauty Holdings is accelerating its store optimization plans.The company plans to close approximately 350 of its 5,000 stores during December amid ongoing efforts to improve its profitability. Most closings will be in the U.S.
Canadian housing starts fall 11% in October: CMHC
Canadian housing starts fell 11 per cent in October, pulling back from the highest level in 2022 the month before. Groundbreakings decreased on multiple-unit and single-family detached homes, Canadian Mortgage and Housing Corporation data shows.
Rising rates spur rise in vendor take-back mortgages
In the volatile Toronto-area residential market, one retro strategy making a comeback is the vendor take-back mortgage. Essentially the seller of a property takes on the role of a bank and lends money to the buyer to complete the sale.
High interest rates bring gloom to housing market
Canada’s housing market has gone cold, with buyers sidelined by soaring borrowing costs and sellers holding off listing in hopes of a spring rally, while higher interest rates mean prices need to fall more before any rebound materializes, experts say.
Floods will have a larger impact on B.C. prices than interest rates
COMMENTARY: Climate change will undoubtedly upend life as we know it all over B.C., but some regions will surely be hit harder than others. Real estate prices in flood-prone regions will tank.
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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