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Primaris wants more after two large retail 2023 acquisitions
Primaris wants more after two large retail 2023 acquisitions
Primaris REIT (PMZ-UN-T) remains in acquisition mode after making two of Canada's largest shopping centre acquisitions of 2023, investing $370 million in the Halifax Shopping Centre and Annex, and $220 million in the Conestoga Mall in Waterloo, Ont.
Anthem buys 3 Edmonton industrial buildings, more to come
Vancouver-based real estate company Anthem Properties continues to solidify its presence in the Alberta market with the recent acquisition of its first industrial properties in Edmonton.
Amazon creates tax windfall for Ont. township
Call it Amazon’s impact as the online giant will help Southwold Township to a tax revenue windfall. The municipality south of London had the highest growth in tax assessment in 2023 among Ontario communities with a population lower than 15,000.
T.O.'s former Mink Mile to see transformation into 2024
Toronto’s Bloor Street luxury run, formerly the Mink Mile, is seeing a transformation unlike anything in decades. This year saw many changes, including new flagship luxury retailers, and more will come in 2024 as new stores open.
BoC to cut rate three times next year: Deloitte
The Bank of Canada will likely start cutting interest rates in Q2 2024, predicts Deloitte Canada's Dawn Desjardins, who expects the central bank to reduce its overnight policy rate from five to 4.25% by the end of 2024.
Vancouver's love for sun casts a shadow over development
Whenever people talk about the negative impacts they imagine from a new building near them, whether it’s a laneway house or a 60-storey tower, there’s a short but explosive list of hot buttons. Somewhere near the top: The shadow.
Arkfield proposes 50-storey condo tower
Toronto-based Arkfield Developments plans a 50-storey condo tower at 7-17 Nipigon Ave. in North York's Newtonbrook East neighbourhood. Designed by DIALOG, the project would include 620 units, with over half designated as one-bedroom, catering to young professionals.
Lafarge, CarbiCrete partner on carbon-negative concrete
A partnership between concrete manufacturer Lafarge Canada Inc. and climate tech company CarbiCrete will see Lafarge supply a material needed for making carbon-negative concrete to its clients. Lafarge will grind and deliver steel slag, a byproduct of steel production.
It may be closing time for the Beer Store: Experts
With Thursday's announcement Ontario is opening up sales of beer, wine, cider and hard seltzer to grocery and convenience stores as well as big box stores, the once-mighty Beer Store chain is likely to disappear from the scene, experts say.
Fortinos opens new location in Ontario
Loblaw-owned grocer Fortinos has opened its 24th location. Led by store owner Berkan Yagliyurt, the 60,000-square-foot store in Bolton, Ont., will offer traditional grocery, international foods, full-service floral, a health food department and a full-service pharmacy.
Winnipeg's iconic Nutty Club to shut down
Scott-Bathgate, the 120-year-old east Exchange District confectionery manufacturer and distributor of the instantly recognizable Can-D-Man logoed Nutty Club products, announced Wednesday it will wind down operations in an “orderly and controlled manner” by the end of January.
Government policy skews 2024 residential investment outlook
OPINION: Government policy at the federal, provincial and municipal levels – not private sector intelligence – now defines the future for residential investing in Canada.
Minotar launches challenge of Greenbelt law
Minotar Holdings Inc., the owner of one of 15 properties removed from, then returned to the Greenbelt, has launched a constitutional challenge of a law that reversed Premier Doug Ford's plan to open the protected land for development.
BayviewEg proposal at Leaside Station adds units
BayviewEg Investment's revised design of a mixed-use condominium building at 589 Eglinton Ave. E. would include more residential units. Designed by TACT Architecture, the 35-storey building would include 442 residential units and 6,684 square feet of retail space.
Orillia hits brakes on Coland's eight-storey condo
Orillia council has deferred zoning bylaw amendments for Coland Developments Corporation's proposed 45-unit, eight-storey condo development near Orchard Point. Coland, represented by WSP Canada, sought zoning amendments to permit an eight-storey structure where four is currently allowed.
U.S. office market will plunge another 20% in 2024
America's office market is still in the midst of a major correction, and office buildings have another 20% price plunge ahead, according to Capital Economics. The outlook for the commercial real estate sector has been troubled for months.
CRE mortgage delinquency rates increased in Q3 2023
Commercial mortgage delinquencies increased in the third quarter of 2023, according to the Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report, released earlier this month. Every major capital source saw delinquency rates rise.
Wyndham asks shareholders to reject Choice Hotels' offer
Budget hotel operator Wyndham Hotels & Resorts (WH-N) on Monday asked its shareholders to reject Choice Hotels' (CHH-N) takeover offer, citing regulatory review of up to 24 months and lower valuation. Last week, Choice launched a hostile bid for Wyndham.
Over $25B in Hong Kong CRE loans due next year
Next year, close to $25.6 billion of bank loans taken out by Hong Kong’s property developers will be due, and only 15% of them have been — or are close to being — refinanced, according to HSBC Holdings Plc estimates.
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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