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Slate Office REIT to rebrand, accelerate management changes
Slate Office REIT to rebrand, accelerate management changes
Slate Office REIT (SOT-UN-T) plans to go into 2025 with a new name and a new CEO, as the Toronto-based firm accelerated the termination of its management agreement and announced it would seek to rebrand into Ravelin Properties REIT.
Willowdale, Precedent: A rebrand for changing times
Willowdale Asset Management and one of its portfolio companies have recently undergone some big changes. Willowdale now owns and manages six portfolio companies, while Empire Continental Land, (formerly Empire Communities' land division), has rebranded as Precedent Land Company.
United Active Living buys 3 adult living properties: 544 homes
Calgary-based United Active Living has acquired three adult living properties containing 544 apartments, and is laying the groundwork for more expansion through both acquisitions and possibly also new development.
CMHC updates multi-unit mortgage loan insurance programs
GUEST SUBMISSION: On Nov. 15, CMHC announced changes to its multi-unit mortgage loan insurance programs impacting both MLI Standard and MLI Select applications. Some of the key details you'll want to know are:
Metro Vancouver's tiny industrial lands drive $43B economy
Industrial lands in Metro Vancouver account for four per cent of its land base, but bring in $43 billion — roughly 30 per cent of the region’s GDP — according to a report from InterVistas Consulting, commissioned by the regional government.
Edmonton property group snatches up two towers for $60M
Edmonton property group Leston Holdings squeezed in two final tower acquisitions, bringing their total to 10 across the city. Leston closed on the David Thompson building and Albany Tower for a cumulative price of $60M.
Altus nears close of its property tax business sale to Ryan
Altus Group has announced the expiration of the regulatory waiting periods in connection with the previously announced sale of Altus Group’s global property tax business to Ryan, LLC. The parties expect the transaction to close around Jan. 1.
Beedie wins legal dispute over rent on B.C. mall
Beedie Development has won a long-standing legal dispute against the Vancouver School Board over the cost of rent at its Kingsgate Mall property in a case that could cost the school district tens of millions of dollars.
Retailers report slower Boxing Day sales despite GST break
Canadian shoppers emerged from holiday festivities in ever smaller crowds. While some stores across Canada continued to draw in crowds analysts say this Boxing Day mostly revealed lukewarm optimism from retailers and cautious spending on the part of consumers.
Christmas miracle for the Stokes chain
The news came as an early Christmas present to Stokes and many of its employees: Hart Stores is buying the chain. At least 75 of the 95 Stokes and Think Kitchen supply stores will remain open.
Nordic spas boom alongside consumer appetite for wellness
The first batch of Canadian Nordic spas opened in Quebec in the early 2000s, with the trend spreading more recently through the country. Six new destination spas opened in 2022 alone and there are plenty more in the works.
Rona continues eastward expansion in Moncton
RONA has opened a new home improvement store in the former Cabela’s building in north-end Moncton. The new store has 50,000 square feet with a drive-through lumberyard and various showrooms for windows, doors, kitchens, bathroom, lighting, plumbing, appliances and more.
Robust winter, spring housing market forecast for 2025
A window of opportunity could be an opening for homebuyers with down payments in the bank as the housing sales market moves toward a recovery in 2025, according to many industry forecasts.
33-storey development proposed for Toronto's Stockyards
Toronto-based DiamondCorp has filed for a site-specific official plan amendment to allow development of a 33-storey mixed-use building that would bring 429 residential units and 4,596 sq. ft. of retail space to The Stockyards neighbourhood.
The end of growth? Immigration, rental inflation are slowing
In a significant shift that could reshape the dynamics of Canada’s real estate landscape, the country has recorded the highest exodus of non-permanent residents since the Canada Mortgage and Housing Corporation began tracking this data in 2021.
NAIOP Edmonton's first CEO to step down in New Year
After eight years, the head of NAIOP Edmonton, a local CRE development advocacy group, will step down from his post in 2025. CEO Anand Pye will finish with the group at the end of February.
Top 2024 U.S. office deals show survival strategy in brutal market
For the beaten-down U.S. office market, 2024 was a year of diverging fortunes. Office landlords, confronted with plunging valuations, started to strike deals to sell unwanted properties — often at steep price cuts — while scoring new equity investments on high-quality towers.
Norges Bank pays $977M for office portfolio
Norges Bank Investment Management has taken full ownership of a 3.7 million-square foot office portfolio, paying US$976.8 million for the remaining 50.1 per cent interest in the properties. TIAA subsidiaries sold the assets.
Bank of America to buy $990M of multifamily loans from HomeStreet
Bank of America Corp. agreed to buy about US$990 million of multifamily commercial real estate loans from HomeStreet Inc., a transaction that the seller said would help make it profitable again.
What captivated CRE in 2024? Bisnow’s 12 most popular reads
A little bit of drama, a lot of pain, a dash of Blackstone and a shot of Ozempic — that’s the recipe for Bisnow's top-clicked stories in 2024. They tell the tale of an industry ruminating on an uncertain future.
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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