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Greater Toronto Area’s Top-10 CRE transactions of 2024
Greater Toronto Area’s Top-10 CRE transactions of 2024
Commercial real estate investment activity was down in the Greater Toronto Area last year from 2023, and after a brief spate of optimism in the fall and early winter, a series of issues continue to concern the market today.
Equium to manage 2 Calgary office-to-residential conversions
Equium Group, a real estate manager and services group, is expanding its Calgary portfolio with the additions of two high-profile downtown residential conversion projects - Palliser and Eau Claire Place II.
Canadian companies feel the pinch of Trump’s tariffs
With the worst shock to global trade in nearly a century expected to plunge Canada’s economy into recession this year, companies are scrambling to overhaul their business models, while consumers are being warned to expect higher prices starting this week.
Loonie falls to lowest level since 2003
The Canadian dollar fell to its lowest level in more than two decades after U.S. President Donald Trump announced sweeping tariffs to be enacted tomorrow. The loonie was trading for 68.13 cents U.S., down from 69.04 cents on Friday.
'Extreme’ gap in Canadian and U.S. interest rates
Canadian rates are lagging behind those of the U.S. at the widest differential since 1997. In a research note, Bank of Montreal chief economist Doug Porter said “the gap is extreme."
Capital gains tax increase delayed until 2026
The federal government confirmed on Friday that it's reversing course on increases to the capital gains tax first announced in the last federal budget. The government is delaying the effective date of the increase to Jan. 1, 2026.
Artis retains retail assets as its transformation continues
With more than a billion in asset dispositions last year, Winnipeg-based Artis REIT has stepped back from plans to exit the retail space in Western Canada. The REIT has taken a number of retail properties off the market.
Manulife sells two B.C. industrial properties for $71.3M
In what was perhaps the largest industrial transaction by dollar value in Metro Vancouver in Q4 2024, Manulife Financial Corporation (MFC-T) sold two industrial properties, located in close proximity to one another, to a single buyer.
Lindvest's diversified housing hedges against uncertainties
When you are developing as many homes as Toronto-based Lindvest, offering a diverse range of housing types tailored to individual markets is an essential element to success, says the company's director of housing operations Alessio Anile.
Three towers approved for Vancouver's Broadway Plan area
Last week, during a public hearing, Vancouver City Council approved three separate rezoning applications to build three highrise towers, with secured purpose-built rental housing as the primary use. These projects are among city council’s first rezoning approvals of 2025.
Metro Van. reviews dev. charges for inclusionary housing
Metro Vancouver is considering waiving development cost charges (DCCs) for below-market rental units that are built by private developers and transferred to non-profits upon completion. Currently, DCCs are not waived if non-profit housing units are delivered by a private entity.
Coquitlam wants density bonus until 2028, $500M at stake
Coquitlam city council will fire a letter off to the provincial government to call for a three-year extension on housing reforms. The letter proposes that the deadline for the use of bonus density continue until June 30, 2028.
Space crunch in Calgary prevents more daycares opening
There's been a run of new daycares over the past few years in Calgary. Now most of the commercial real estate in the city that can be easily used as daycare space has already been snapped up.
Peavey Mart: Why a 90-store chain is disappearing
Peavey Industries LP is closing its 90 Peavey Mart stores across Canada. The company’s sudden announcement raises the question: What is happening in the farm retail sector across the country?
U.S. homebuilders face soaring costs from Trump's tariffs
While the effects of U.S. President Donald Trump’s 25 per cent tariffs on a sweeping range of Canadian imports are widely discussed, their impact on Americans is often overlooked, especially by policymakers south of the border.
Asset classes that stole the spotlight in the U.S. in 2024
Among commercial property investors, interest in industrial assets declined somewhat in 2024 while a stronger focus on data centres and, even a modest rebound in office, were clear trends during the year, according to a DLA Piper real estate report.
Owners of not-quite-trophy buildings compete for tenants
Office leasing accelerated at the end of 2024, with space in the crème de la crème of real estate being snapped up by tenants returning to the office. Now companies seeking office space are turning toward the tier below.
NYC’s One and Two UN Plaza to undergo $500M face lift
The United Nations Development Corp. is redeveloping One and Two United Nations Plaza, two office buildings located across First Avenue from the organizations’ headquarters. The $500M project aims to consolidate the organization's office footprint in the city.
Blackstone's Gray says 'office has bottomed,' eyes Manhattan tower
Blackstone flagship real estate funds were down modestly in the fourth quarter, but chief operating officer Jon Gray said office valuations had reached their floors and the sector was looking increasingly attractive.
Industrial real estate’s future depends on adaptability
On the heels of outsized development that started in the pandemic and trailed off last year, industrial real estate investors and owners must now position themselves for the next stage of growth, challenged by high vacancies and growing tenant expectations.
Industry Events
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RealCapital
Feb 25 2025
Metro Toronto Convention Centre, North Building
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CBRE Capital Lenders' Forum 2025
Feb 25 2025
Metro Toronto Convention Centre
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Canada Real Estate Auctions
Mar 01 2025
to Dec 31 2025
Canada
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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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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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