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Skyline Industrial acquires new Quebec, Ontario properties
Skyline Industrial acquires new Quebec, Ontario properties
Skyline Industrial REIT has acquired two newly constructed assets in Quebec and Ontario over the past month as it continues to increase its weighting in more modern properties across Canada.
Shindico takes over Winnipeg's Akman Management
Shindico Realty Inc. has expanded its significant presence in the Winnipeg commercial real estate sector by acquiring Akman Management, adding $320 million to its assets under management.
Calgary's office-to-residential conversion plan rolls out
The City of Calgary’s plan to reimagine and revamp its downtown core isn’t slowing down. The goal of the downtown office conversion programs is for 17 projects to be transformed into more than 2,300 new homes for Calgarians.
Claridge Homes expands Andaz Hotel with 16-storey tower
Claridge Homes received a green light to build a 16-storey addition to the Andaz Hotel in the Ottawa's ByWard Market by demolishing a two-storey structure next to the existing hotel, and build a 106-suite hotel with ballroom.
Ontario gov't tables law cancelling boundary changes
As the RCMP investigates the $8.28-billion Greenbelt land swap scandal, the Ontario government tabled legislation cancelling controversial municipal boundary changes in Hamilton, Ottawa, Barrie, Belleville, Guelph, Peterborough, Wellington County and regions of Peel, Halton, York, Niagara and Waterloo.
Cornwall Great Wolf Lodge project awaits gov't approvals
A new Great Wolf Lodge planned for Cornwall is on pause until funding is approved by the province. The proposed indoor water park represents a US$350-million investment and would be the first of its kind in Canada.
Canada Post bldg. unveiled as community hub, res. tower
The developer who bought the 120-year-old former Canada Post office at the corner of Queen and Lisgar streets in Toronto has unveiled plans to transform it into a community space with a 29-storey residential building on top.
CentreCourt's PRIME Condos tops off above downtown T.O.
The 46-storey PRIME Condos, developed by CentreCourt in partnership with Centrestone Urban Developments, is rapidly advancing in Toronto's bustling downtown. The project, at the southeast corner of Jarvis and Gerrard in Moss Park, has now topped off.
Proposal to replace seven houses with 125-unit res. building
A proposal by Ventana Construction Corporation to demolish seven single-family houses immediately south of Vancouver's Sir Charles Tupper Secondary School and redevelop the site into 125 secured purpose-built market rental units has been submitted to the City of Vancouver.
8-storey, 158-unit building proposed for Charlottetown
Property developer Tim Banks is proposing additional floors for a new 158-unit apartment building on a Charlottetown parking lot which would bring its height to just under 27 metres. The new plan also almost doubles the number of units.
Mont-Tremblant 'passion project' offers forested building lots
A strong desire to create a community built around the outdoors led to development of Domaine Johannsen, a "passion project" on Quebec’s Mont-Tremblant. Buyers purchase one- to four-acre plots on which to site a home with their choice of builder.
Subterra plots growth in new markets after acquisitions
After establishing firm ground in Ontario, Toronto-based distributed utility Subterra Renewables is acquiring companies and expanding into Western Canada and the U.S. to meet rising demand for greener buildings.
Montreal's non-residential property taxes up by 4.6 per cent
High inflation means Montreal homeowners should brace for the biggest property tax increase in 13 years. Residential property taxes in Montreal will climb by an average of 4.9 per cent next year and the non-residential rate by 4.6 per cent.
For Gen-Z, remote work isn’t ‘new normal,’ it’s the norm
Despite more employers asking for workers to return to the office, younger professionals believe that the benefits of remote work outweigh the negatives, according to a Deloitte survey that polled 22,000 aged 27 to 42 across 44 countries.
How Wilson, Beedie, other philanthropists make choices
If you want to get a rise out of Chip Wilson founder of lululemon athletica, mention the October Bloomberg article that discussed his fight with muscular dystrophy and his commitment to spend lavishly on financing research into finding new treatments.
Where inexperienced investors rushed in, opportunity waits
Throwing investment cash at the multifamily sector was sound logic in the early days of the pandemic. Add in the appeal of low interest rates, and it's little wonder investors turned up in droves, taking out floating-rate loans for what had been easy, passive investments.
Rockefeller Group, Matan Cos. to develop 5 MSF logistics project
A JV between Rockefeller Group and Matan Cos. plans to develop a 5 million-square-foot industrial / logistics centre in Suffolk, Va. The 540-acre Port 460 Logistics Center site is zoned for heavy industrial, logistics, advanced manufacturing, life science and warehouses.
Amazon listing more of its big, new warehouses for sublease
Amazon is once again accelerating its push to shrink its enormous U.S. warehouse footprint, but this time it is looking to shed some of its newest fulfillment centers placing more industrial space on the market for sublease in October.
Tech alone not enough for brokers to beat the competition
David Newman, at Newmark in NYC, used a ZoomInfo search to help him piece together information about company needing new space. The response? Emails and coldcalls from other Newmark brokers, all of whom had come across the same information.
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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