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The CRE outlook for 2025? It's a mixed bag, sector by sector

3 weeks ago

The CRE outlook for 2025? It's a mixed bag, sector by sector

2025 outlooks for Canada's commercial and residential real estate markets remain mixed depending on asset class, geography and other factors. The insights, from the Emerging Trends in Real Estate report, were the focus of an industry panel in Toronto.

First Nations participate in $45B of major projects: Report

From pipelines and power transmission lines, to commercial real estate and nuclear power plants, First Nations across Canada are taking stakes in $45 billion worth of major projects and developing business capacity.

Trump tariff threatens Volkswagen's $7B St. Thomas plans

Southwestern Ontario may lose a $7-billion investment and the 3,000 jobs that come with it if Canadian industry is hit with a 25 per cent tariff from U.S. president-elect Donald Trump, one trade expert says.

Master-planned community could replace GTA big box centre

Currently a large commercial site with big box stores, restaurants and parking, Woodside Markham is proposed to be reborn as a mixed-use, master-planned community. SmartCentres REIT and Choice Properties REIT have submitted revised plans for the project.

At 7-Eleven, Couche-Tard wins by losing out

Everyone seems to know Alimentation Couche-Tard Inc.’s (ATD-T) audacious bid to acquire rival 7-Eleven’s Japanese parent is doomed to fail, outside a handful of executives at the Montreal-based convenience store chain.

Top Credit Union plots bank-focused revamp

Canada’s biggest credit union outside of Quebec, Vancity, has marketed itself as being “Main Street, not Wall Street." But close to the top of CEO Wellington Holbrook’s agenda is expanding the commercial bank the credit union quietly owns in Toronto.

The true cost of soaring development charges on new homes

OPINION: In the city of Kitchener in Southwestern Ontario, buyers of new homes are the only locals who must pay directly to build a swish athletic facility that will be open to everyone. 

Mark Anthony Group buys BC Tree Fruits warehouse for $18M

The Mark Anthony Group, an alcohol conglomerate that owns Mission Hill winery and White Claw, is purchasing the former BC Tree Fruits warehouse in Kelowna. The property at 880 Vaughan Ave. sold for $17.5 million, according to court filings.

Inflation, burnout top concerns for businesses: HOOPP

A new report says inflation and employee burnout are top concerns for businesses. The Healthcare of Ontario Pension Plan and Angus Reid Group survey found 78 per cent of respondents said inflation negatively impacts their business.

Real GDP per capita declines for 6th straight quarter: StatCan

The Canadian economy shrank on per-person basis for a sixth consecutive quarter as interest rates continued to weigh on business investment. Statistics Canada’s GDP report says the economy grew at an annualized rate of one per cent in Q3.

CRA duped again in Ontario tax construction scheme

The Canada Revenue Agency is being hit again with revelations it failed to detect a scam, one so obvious that, according to insiders, a simple Google or corporate registry search would have prevented it. But this time there's a twist.

Home Hardware returning to Nova Scotia community

The owner of Home Hardware locations in Port Hood and Whycocomagh is opening a third location in Port Hawkesbury. The new store will offer 20,000 sq. ft. of retail space and a 23,000-sq.-ft. drive-through warehouse.

South Surrey golf course seeks to develop housing

The owners of the 150-acre Hills at Portal Golf Club property are asking the City of Surrey to remove the protected Agricultural Land Reserve designation from 51 acres to enable residential development.

Metro Vancouver 'uglification' quickens with mass upzoning

OPINION - Politicians have been convinced developers will be able to charge cheaper home prices and rents if they’re given the green light to build more units on less land — and provide fewer amenities. The idea, tragically, is incorrect.

Yellowknife dev. planned affordable housing, got no support

When Borealis Development envisioned renovating the former Bellanca building in downtown Yellowknife, the dream was for it to be 100 per cent affordable housing. When the building opens, the vast majority will be offered at market rental value

How the debate over WFH and RTO mandates has evolved

During the pandemic, millions of office workers suddenly abandoned their workplaces and started doing their jobs from home in what McKinsey & Co. researcher Ryan Luby called “a social experiment at scale.” The debate over what it proved rages on.

Transforming office towers into AI hubs and data centres

Cities around the world continue to struggle with downtown office vacancies brought on by the shift to hybrid and remote work. To date, the most common solution for empty or half-filled office towers is to convert them to residential use. 

Despite emptying storefronts, owners tell tenants to 'pound sand'

For the first time in four years, retailers are emptying more storefronts than they're leasing in the Atlanta area. Owners experienced 228,000 square feet of negative absorption in Q3, a report states, but this isn't leading to lower rents.

China's Wanda plans fund of up to $12.4B, backed by malls

China’s biggest mall operator, Dalian Wanda Commercial Management Group, has told some investors it plans to establish a fund of about 50 billion to 90 billion yuan (US$6.9 billion-US$12.4 billion) to pay taxes and debt.

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