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Industrial sector shifts gears into wait-and-see mode
Industrial sector shifts gears into wait-and-see mode
The boom times have ended, and industrial real estate owners and tenants across the region known loosely as Ontario’s industrial heartland are in wait-and-see mode as vacancy rises and downward pressure increases on leasing rates.
Altus Group: Two decades of growth and advancement
Altus Group (AIF-T) marked two decades of constant growth, adaptation and technological advancements within its business when it recently celebrated 20 years as a publicly traded company.
Ivanhoe Cambridge defaults on $487M mortgage in NYC
Ivanhoe Cambridge, the real estate unit of CDPQ, is in default on the $487M (US$359M) mortgage of 85 Broad St., a former Goldman Sachs headquarters in Manhattan, according to people familiar with the matter.
Toronto mulls $36.8M payout to save bus terminal redev.
City hall is proposing to remove two dozen affordable rental homes from a redevelopment of the former Bay Street bus terminal, and offer up to $36.8 million in a one-time payout to the builders, to keep the project afloat.
PSP looks to Canadian investments as U.S. risks grow
The Public Sector Pension Investment Board has been quietly assessing whether it has under-utilized a “home-ice advantage” and is looking for more ways to invest in Canada, chief executive Deb Orida said.
New legislation in Ontario could entice institutional investors
New legislation in Ontario is intended to address structural inefficiencies in its housing market and institutional investors could play a role, Michael Tsourounis, managing partner and chief investment officer at Hazelview Investments, says.
Ford gov't deleted Greenbelt emails, used codewords
Ontario’s freedom-of-information watchdog says a series of systemic issues in the provincial government’s handling of documents in the Greenbelt affair – including deleting e-mails and using codewords that make searches difficult – risks eroding public trust.
Quayside takes another unexpected turn
It was once envisioned as a tech-driven neighbourhood of the future, then a cluster of new lakeside condos. Now, the emerging Quayside redevelopment on Toronto’s eastern waterfront is posed to become a renters’ playground.
Hypertec in $5B program to build European data centres
Quebec technology company Hypertec has announced a $5B program to build data centres across Europe. As part of the expansion, the company also plans to invest $250M in a manufacturing facility in Quebec and a research centre.
Growing Deep Sky to commercial scale is CEO's goal
Growing Deep Sky from a small test site in Alberta to multiple industrial-scale facilities in Canada is the daunting task ahead of Alex Petre, the new CEO of the Montreal-based carbon removal company.
Manufacturing sales see biggest monthly drop since 2023
Statistics Canada said Friday that manufacturing sales fell 2.8 per cent in April, the largest monthly drop since October 2023, as the tariff dispute with the United States hit the industry.
Roots reports $7.9M Q1 loss, sales up 6.7 per cent
Roots Corp. reported a Q1 loss of $7.9 million compared with a loss of $8.9 million a year earlier as its sales rose 6.7 per cent. Sales totalled $40 million, up from $37.5 million.
Carttera buys Queen Street West project for $28M
A large highrise project set for the Queen West neighbourhood of Toronto has changed hands, with real estate developer and investment manager Carttera acquiring the project after it was initiated by Republic Developments.
Developer wins court battle against City of West Kelowna
In a decision rendered Wednesday, the B.C. Court of Appeal ruled in favour of Ironclad Developments, determining that the City of West Kelowna's $750,000 “latecomer charge” was made unfairly, and overturned the fee.
Mixed-use community proposed in Ajax has MZO backing
Ajax could see one of the eastern GTA’s largest developments take shape. A draft plan of subdivision has been submitted by Legacy Hospitality Management and Development Inc. (under 2322244 Ontario Inc.) for a 12-building complex rising to 25 storeys.
Former Saskatoon grocery store to be redeveloped as condos
The company which owns the site of the former Extra Foods grocery store on Broadway Avenue, Westcliff Properties, is working to develop a project there which will include retail space along with residential condo units.
Oxford, Related agree to add more affordable housing at Hudson Yards
New York City Mayor Eric Adams has struck a tentative deal to increase the amount of affordable housing Oxford Properties and Related Cos. would build as part of the US$12B second phase of Hudson Yards.
Billionaire Tom Steyer strikes his biggest property deal yet
Tom Steyer’s multi-strategy asset management firm has completed its biggest real estate deal to date, as the billionaire investor pursues a path of improving the energy efficiency of buildings in order to resell them at a premium.
Houston's tight trophy office market might spur class-B's big return
Years after tenants began flocking to the newest, highest-quality buildings available, a lack of new construction has allowed demand to gain on supply. Despite Houston having one of the highest U.S. office vacancy rates, its top-tier buildings are nearly full.
Six key trends shaping the life science sector
Calling the life science sector’s start to this year “disquieting,” a just-released report from JLL examines the multiple uncertainties that are making investors and pharma companies cautious and leasing deals smaller on average.
Industry Events
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Montréal Real Estate Forum
Jun 17 2025
to Jun 18 2025
Palais des congrès de Montréal
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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Canadian Apartment Investment Conference
Sep 11 2025
Metro Toronto Convention Centre
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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Ottawa Real Estate Forum
Oct 09 2025
Rogers Centre, Ottawa
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