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Calgary dev. site offering 1M sq. ft. of density is for sale
Calgary dev. site offering 1M sq. ft. of density is for sale
The marketing campaign to sell Northwest Healthcare Properties REIT’s (NWH.UN-T) Riley Park Health Centre just started this week, but is already drawing a lot of interest according to the brokers enlisted to sell the property.
Remote work trend continues to impact office development
Nearly four years after the first COVID-19 stay-at-home orders, the data is clear: developers are proposing less office space than ever before. While overall development activity is also declining, the proportion of new office space in all new proposals is plummeting.
The promise of Windsor's new $6.4B link to U.S.
Opening in September, 2025, the new bridge is emblematic of a rebirth of the Windsor economy, one driven by an infusion of investment into manufacturing on both sides of the border, supercharged population growth and an influx of government spending.
Housing developers explore benefits of partnerships
Developers are forging partnerships in the face of increasingly challenging building conditions, and by combining their efforts and sharing risks, they’re finding ways to bring projects to market. Builders working together is a trend on the rise.
Black Swan to build graphene production facility in Quebec
Black Swan Graphene Inc. (SWAN-X) is planning on building a graphene production facility in Quebec as part of its overall strategy to become a major supplier to the concrete and polymer sectors.
Foreclosed 67-storey AimForce B.C. dev. site lists for $75M
A transit-oriented development site in a prime location in Surrey has officially been listed for sale, according to court filings in the Supreme Court of British Columbia and a sales brochure obtained by STOREYS.
Rezoning applications high for Van.'s Broadway corridor
Vancouver is receiving a steady number of rezoning applications for development along the Broadway corridor since adopting the Broadway Plan in June 2022. A memo from city staff to council shows 71 projects are in the formal rezoning inquiry stage.
Long-term development plan for Surrey area approved
Earlier this month, Surrey City Council approved the Imagine Scott Road Visioning Study, a land use plan to guide the future of the Scott Road - 72 Avenue corridor, that spans approximately 2,085 acres near the northwestern boundary of Surrey.
U of T residence is largest passive house building in Canada
Harmony Commons Student Residence at the University of Toronto Scarborough is officially the largest Canadian building to receive Passive House Classic certification. The 24,620 square-metre building met the standards for sustainable materials, energy efficiency, and renewably-sourced power.
Membertou FN builds N.S. mass timber commercial building
The Membertou First Nation near Sydney, Cape Breton, is building the area’s first mass timber commercial building, a 92,000-square-foot office complex as part of the community’s Seventh Exchange, a new 35-acre retail and service district.
Saskatoon city council axes minimum parking requirements
Property developers will no longer have to provide a minimum number of on-site parking stalls with their new projects in Saskatoon, after council unanimously approved a bylaw change this week.
Quebec-based Bath Depot expands into Western Canada
Quebec-based Bath Depot continues to expand its physical footprint with the opening of its first store in Edmonton. The brand, founded in 2008 by four brothers who are plumbing enthusiasts, now has 43 stores and plans eight more.
Independent retailer Red Barn Market opens new store
Russ Benwell said he and his partners were confident their newest Red Barn Market grocery store in a small community in the south end of Vancouver Island would prove popular. The 6,000-sq.-ft. store has its grand opening tomorrow.
Could Canada’s housing market wind up like Europe’s?
There’s speculation Canada’s housing market could land in a foul-up similar to much of Europe, with housing prices so out of reach that many people will never be able to afford a home unless they inherit one.
Padlock Euro Storage Fund I completes funds consolidation
Funds managed by Toronto-based Padlock Partners - Padlock Euro Storage Fund I, Padlock Partners UK Fund II and Padlock Partners UK Fund III - completed a previously announced plan of arrangement for a merged fund with 15 self-storage assets in the U.K.
UBS sells NYC office tower via online auction for 97.5% loss
Swiss bank UBS’ real estate investment arm opted to auction off a Midtown Manhattan office rather than go through the effort of finding a buyer. Wednesday, the building at 135 West 50th St. found its buyer — the sole, undisclosed bidder.
KKR says 2024 could be 'sweet spot' to buy real estate
With the perception real estate values are bottoming, one of the biggest private equity players is planning to ramp up its property acquisitions in the coming months. New York-based KKR spent $8B in Q2 on mostly real estate buys.
Deutsche Bank is unloading $1 billion in U.S. real estate loans
Deutsche Bank AG is trying to offload up to $1 billion in U.S. commercial property loans off its balance sheet, just as rising interest rates have dented profits in its real estate portfolio.
China rejects $1 trillion housing rescue plan pitched by IMF
Chinese authorities have rejected a proposal made by the International Monetary Fund to use central government funds to complete unfinished housing, dealing a blow to hopes for more support to an industry that’s been a major drag on the economy.
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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