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Is the end near for ERES? REIT to continue selling assets
Is the end near for ERES? REIT to continue selling assets
With approval in hand from shareholders to divest assets and, if management chooses, shut down European Residential REIT (ERES), president and CEO Mark Kenney said Thursday the trust plans to continue divesting properties.
Best quarter in 3 years for DT Toronto office leasing
A report by CBRE has revealed transaction activity in the downtown Toronto office market was strong in Q4 2024, with approximately 1.16-million square feet of net new leasing deals for space in existing buildings.
Transit-oriented development without the transit?
Located at the southernmost stop of the Green Line LRT, a light-rail transit line in Calgary four decades in the making, master-planned Seton was designed with public transit in mind. However, access to adequate transit is yet to materialize.
U.S. tariffs threat looms over Canada’s housing market
According to RBC Economics, “the significant risk that tariffs pose to Canada’s economy casts a potentially dark shadow over the housing market.” With consumer confidence playing a pivotal role, potential economic turbulence could unsettle both buyers and sellers.
Assembly buys prefab housing factory from Swedish firm
Canadian mass timber construction company Assembly Corp. is looking to fast-track its operations by purchasing an entire factory of robotic manufacturing equipment. The firm is partnering with Lindbäcks Group in importing the machinery from a 200,000-square-foot facility in Sweden.
Opportunities and challenges for REITs in 2025
Interest rates are one of the key factors in a generally optimistic outlook for Canadian REITs from Skyline, a Canadian capital management company that offers private alternative investments in real estate and clean energy.
Plan for Langford, B.C. highrise towers comes tumbling down
Plans to build two highrise towers in Langford have been scrapped, with the land now for sale pursuant to a court order. Langford Gateway Developments had intended to build 22- and 18-storey towers on the two-acre land assembly.
Project at Spadina and Adelaide could grow to 50 storeys
DevGreat already has zoning approval for a 39-storey mixed-use building at Spadina Avenue and Adelaide Street. The developer is now seeking to go 11 storeys taller with a 50-storey building on the site.
MTY Food expands footprint with positive store growth
Franchisor and casual dining operator MTY Food Group (MTY-T) has announced its financial results for the fourth quarter of fiscal 2024. The company continued its expansion momentum in Q4, achieving a net store opening of 13 locations.
Volcom stores in Canada to remain open despite U.S. closures
Volcom will continue operating its seven Canadian stores despite former U.S. operator, Liberated Brands, filing for Chapter 11 bankruptcy. These stores operate under VLCM Fashions, a separate company from Liberated Brands, which allows them to continue business as usual.
Seven Toronto hotels ranked among best in the world
It's been a good week for Toronto's hospitality sector, as Forbes Travel Guide has just released its 2025 Star Award winners, and seven of the city's swankiest hotels have earned spots on the list.
Newfoundland ski resort Marble Mountain is for sale
The Newfoundland and Labrador government has issued a new request for proposals, seeking a buyer for Marble Mountain Ski Resort. Currently owned by the province, it is the largest ski resort in Atlantic Canada and averages around 65,000 skiers annually.
Lufthansa Technik to build $120M maintenance facility
WestJet has announced an agreement with German aircraft services firm Lufthansa Technik to build a new engine repair station in Calgary. The facility will be built by the Calgary Airport Authority and is expected to cost about $120 million.
Brookfield reports US$432M quarterly profit, raises dividend
Brookfield Corp. (BN-T) reported a net income attributable to shareholders of US$432 million for its fourth quarter, down from US$699 million a year earlier.
How private equity is leveraging life insurance to increase its CRE foothold
In the pursuit of growth, the tentacles of private equity have infiltrated the balance sheets of nearly every sector of the real estate industry. Most recently, they’ve grasped onto one of its largest sources of capital: life insurance companies.
KKR raises more than $850M for real estate credit fund
KKR & Co. raised more than US$850M for an opportunistic real estate credit fund as investors see a ripening moment for property deals. The vehicle will back first mortgages secured by high-quality properties in the U.S. and Europe.
JPMorgan’s asset manager creates venture to expand rental bet
Institutional investors advised by JPMorgan Chase & Co.’s asset manager are expanding their bet on U.S. rental homes with a deal to form a new build-to-rent company. The new firm will be called Laseter Development Group.
Net effective office costs edge up
Demand for top-quality office space continues, according to a new report from Savills, with net effective costs for such assets rising by 0.7 per cent in North America in the fourth quarter of 2024.
Industry Events
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RealCapital
Feb 25 2025
Metro Toronto Convention Centre, North Building
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CBRE Capital Lenders' Forum 2025
Feb 25 2025
Metro Toronto Convention Centre
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Canada Real Estate Auctions
Mar 01 2025
to Dec 31 2025
Canada
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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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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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