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Germany's DekaBank buys Tour Deloitte office highrise in Montreal

4 days ago

Germany's DekaBank buys Tour Deloitte office highrise

German investment bank and asset manager DekaBank has acquired the Tour Deloitte office tower in downtown Montréal from Cadillac Fairview, the latest in a series of major divestments for the longtime Canadian commercial real estate owner. 

Latch cancels two-tower GTA condo development

The construction of a two-tower, 462-unit condominium building planned for the corner of Appleby Line and Upper Middle Road has been cancelled. Latch Developments announced it is not continuing with the project at 1989 Appleby Rd.

One group is betting big and buying up condos in Toronto

Some realtors say private equity and investment funds are betting the condo sector will turn around in a few years and snapping up assignment sales, a possible sign the market may be at or near the bottom.

Canac expands in Greater Montreal with 1st Laval store

Canac is preparing to open its first-ever location in Laval, marking a pivotal moment for the Quebec-based hardware and building materials chain. Construction costs alone surpassed $35 million, making it Canac's most significant investment ever in a single location.

Mastermind Toys fights back from creditor protection

The last decade has not been kind to toy retailers — big and small — with many stores shuttered in the face of online and big-box competitors. Mastermind Toys was almost one of them.

Vancouver hotel metrics fizzle to end sizzling 2025

Most people expected Metro Vancouver's hotel sector to post dismal year-over-year comparisons in December. What may be a surprise, however, is how much the city's average hotel room rates underperformed those in Metro Toronto in Q4 2025. 

Chaletô management sets sites on expansion

One might think that the human element isn't a priority for a company managing real estate. Think again: it's the opposite for Chaletô, which started when a group of friends bought a plot of land in the Massif du Sud.

Silvergate to begin building at Prudhomme's Landing

Local homebuilder Silvergate Homes expects to begin delivering Phase 1 of the Prudhomme’s Landing mixed-use community in Ontario's Niagara region late this year, kicking off its biggest project to date.

Canada's rental market swings back in tenants’ favour

Landlords are increasingly dangling incentives, along with other perks like free parking, waived pet fees and moving allowances, to compete for tenants. After a post-pandemic surge in rental costs, analysts say the scales have tipped back in favour of renters.

Condo downturn could change how towers are built

The condominium real estate crash is an opportunity to do things better, experts say, particularly when units are being build to live in, not flip. The departure of investors brings an opportunity for beauty and functionality to return.

Large temporary Toronto shelter to close for condo dev.

Toronto will be closing one of its largest dormitory-style shelter sites downtown later this year. Canderel intends to build two sets of condo towers at 13 and 21 storeys with underground parking, office and retail space on the site.

Toronto's historic buildings may be at risk of demolition

Almost all 3,600 listed heritage properties in Toronto — including several national historic sites — are about to lose their protection against demolition and redevelopment, because of a section in the province's More Homes Built Faster Act, heritage experts say.

Number of empty, undeveloped lots in Halifax has increased

Three years on, and Halifax is still waiting for permission from the province to add an empty lot tax to encourage developers to get moving on housing construction or keep affordable housing on site until they’re ready to go.

Vancouver looks to demolish viaducts, spur development

The City of Vancouver is exploring the possibility of tapping into federal low-cost loan programs as part of a renewed push to demolish the Dunsmuir and Georgia viaducts and advance long-stalled major redevelopments under the Northeast False Creek Plan.

BYD’s first manufacturing foothold in Canada was a bust

With Canada opening the door slightly to Chinese EVs, BYD has been cited as one company that could benefit. The company already made one foray into manufacturing in Canada that ended poorly: an electric bus assembly plant in Newmarket, Ont.

Top-5 NYC office building sales in 2025 totalled almost $2.5B

Collectively, the five largest office transactions in New York City which closed in 2025 totalled close to US$2.5B. RXR’s acquisition of 590 Madison Ave. for US$1.08B was the city's largest of the year.

Manhattan office tower owners drop conversion plans

The co-owners of the 745 Fifth Ave. tower in Manhattan, Rithm Capital and the von Finck family, have reportedly ditched plans to convert the building from office space into apartments, Crain’s New York Business first reported.

Nvidia invests $2B in CoreWeave for AI data-centre build out

Nvidia has invested US$2-billion in CoreWeave at a purchase price of US$87.20 per share, the companies said on Monday, as they expand their partnership to boost CoreWeave’s data-centre build out ambitions.

Prologis predicts industrial demand resurgence

Industrial leasing activity emerged from the trade war’s long shadow after several months of dampening demand, lifting Prologis’ fourth-quarter results and prompting executives to predict sunnier skies ahead for the company and the sector.

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