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Century Group plans 'transformational' Metro Vancouver development
Century Group plans 'transformational' Metro Van. project
Sean Hodgins isn’t expecting to set another record for longest public consultation on a real estate development with Century Group's multi-tower Tsawwassen Town Centre Mall proposal, but he does expect plenty of discussion among planners and residents in Delta, B.C.
Four Seasons Hotel Vancouver tower to be demolished
A sizeable tower in downtown Vancouver’s Central Business District, formerly home to the Four Seasons Hotel Vancouver, is set to be fully demolished rather than renovated. Plans submitted in 2022 to renovate the Cadillac Fairview-owned property have been scrapped.
Mark Carney’s Brookfield pay remains mysterious
OPINION - Former governor of the Bank of Canada and Bank of England Mark Carney’s role at Brookfield Corp. (BAM-T) and its affiliates seems straightforward. Until, however, you examine how Brookfield discloses – or, more accurately, does not disclose – his compensation.
Report: Don't blame the developers for high house prices
Soaring costs, ever-changing rules, bureaucratic delays and development charges that are really a disguised wealth transfer from millennials to baby boomers are all making Ontario’s “generational” housing crisis worse, according to a report on the plight of the development industry.
Companies favoured debt deals to raise funds in 2024
Sales of new stock issues sank to near-historic lows as companies favoured other fundraising methods, with equity issuances totalling $14.8-billion for the calendar year, according to data from LSEG Data & Analytics.
How Canada can avoid a recession in 2025
VIDEO - As the economy slows, Desjardins macro strategist Tiago Figueiredo says Canada can still avoid a recession in 2025 with prudent use of easing. However, the dollar will continue to be weak against U.S. dollar throughout the year.
Vrancor Group to redevelop Niagara Falls hotel
Ontario-based Vrancor Group has acquired the 232-room Radisson Hotel & Suites in Niagara Falls with plans to undertake a comprehensive renovation and relaunch. The property is closed but is expected to reopen under the IHG Hotels and Resorts voco brand.
For Canadian manufacturing, a rebound or just a last gasp?
The new year kicked off with what looked like good news for Canada’s beleaguered manufacturing sector. The problem is, looks can be deceiving, and the prospect of U.S. tariffs on imports from Canada appears to be juicing growth.
A GTA renters’ market? Here’s how fast rents are dropping
Amid record rates of population growth, an influx of new housing supply last year brought down asking rent prices. Prices dipped across apartment types — from studios to three-bedroom units. Toronto wasn’t the only area to see prices soften.
Roller rink could be demolished for new rental development
A Mississauga roller skating rink featured in TV and movies could be torn down to make way for a sprawling residential development. A submission from Slate Asset Management would see four residential towers built near Clarkson GO station.
Could AI and robotic arms boost lagging home construction?
Ramtin Attar is standing inside an unremarkable warehouse, looking at some robots he believes could be revolutionary for the construction business. In front of him, a set of four robotic arms are assembling the walls, floors and roofs of houses.
Canada needs action to accelerate building decarbonization
A joint study prepared by the Real Property Association of Canada (REALPAC), the Canada Green Building Council (CAGBC) and the PLACE Centre calls for concerted action to accelerate the process of decarbonizing commercial buildings in Canada.
Halifax's retail sector expanded in 2024
Halifax's retail sector continued to grow in 2024, according to local business observer Arthur Gaudreau, with more businesses opening than closing. He said there were 193 opens and 104 closes, amounting to 1.86 businesses opened for every one closed.
Toys "R" Us Canada closing five stores
Toys "R" Us Canada says it is closing five Ontario stores and revamping several others as it works to “optimize” its business. The toy retailer will close locations in London, Thornhill, Mississauga, Sudbury and Stoney Creek.
Three luxury brands to open flagships at Yorkdale
Dior, Saint Laurent and Moncler are set to open expansive flagship stores in Yorkdale Shopping Centre’s highly anticipated luxury wing, solidifying the mall’s position as a top destination for luxury retail. All three stores plan to open in mid 2025.
Arc’teryx to replace Roots flagship store in DT Vancouver
After a quarter century, the Roots flagship store at the northwest corner of the intersection of Burrard Street and Robson Street in downtown Vancouver has permanently closed. An Arc’teryx flagship store will take over the 6,430 sq. ft. space.
Manhattan office market closes 2024 with most active quarter in 5 years
Office landlords and tenants signed a total of 10.2 million square feet of leases in Manhattan in the final three months of 2024, according to new Colliers data, setting the stage for continued uptake in the New Year.
Citadel expands NYC office footprint with 500,000 sq. ft. lease
Citadel has inked a deal for a huge office at 660 Fifth Ave., signing the largest new office lease over the last three months. Ken Griffin’s hedge fund is taking over 500,000 sq. ft. in Brookfield Properties’ trophy building.
Big Lots wins approval of rescue deal after creditor backlash
Bankrupt retailer Big Lots Inc. won court approval of a rescue deal to save some of its stores from closure, despite challenges from vendors that claimed the deal unfairly saddles them with steep losses.
U.S. Treasury wins back role in ‘eventual release’ of Fannie, Freddie
The agencies that control mortgage giants Fannie Mae and Freddie Mac set out a roadmap for releasing the pair from government supervision, reinstating the U.S. Treasury’s power to approve any such plan in a bid to keep the process “orderly.”
Industry Events
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ICSC Whistler
Jan 26 2025
to Jan 28 2025
Fairmont Chateau Whistler
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Canada Real Estate Auctions
Feb 01 2025
to Dec 31 2025
Canada
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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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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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