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Tribute, Secure propose 14 towers in Pickering retail redev.
Tribute, Secure propose 14 towers in Pickering retail redev.
Tribute Communities and Secure Capital have submitted pre-submission applications for official plan and zoning bylaw amendments to the City of Pickering, Ont., for an ambitious redevelopment of the Brookdale Centre shopping plaza with 14 high-rise towers of up to 35 storeys.
Large VCII lease good sign for class-AAA Vancouver offices
A new lease by Grant Thornton LLP at Vancouver's downtown Vancouver Centre II tower is another positive sign for class-AAA office buildings in the city's downtown core.
Feds back away from tax threat for apartment REITS
The federal government has pulled back on a threat to hit apartment REITs with a new tax regime after opposition from the industry. The feds had proposed to require REITs to pay corporate income tax.
Burnaby saw $175M shortfall in developer fees last year
The City of Burnaby took in $175 million less than expected in development fees in 2023 – and that spells trouble for the city’s major community amenity projects. Burnaby expected to pocket almost $237.2 million.
Dream Office NAV could hit $50 by 2027-'28: CEO
VIDEO: Michael Cooper, chief executive officer at Dream Office REIT (D-UN-T), joins BNN Bloomberg to talk about the company's long-term strategy amid higher office vacancy rates.
Drimmer receives takeover bid exemption for Northview units
Daniel Drimmer has received exemptive relief from the Alberta Securities Commission permitting him to utilize the Normal Course Purchase Exemption to acquire additional class-A trust units of Northview Residential REIT (NRR-UN-T) - without triggering a takeover bid requirement.
Winnipeg mixed-use community nears completion
Aurora at North Point is in the penultimate phase of its 11-step plan of residential development in northwest Winnipeg. The 220-acre area will feature nearly 1,000 residential homes, 500 rental units and 45 acres of mixed-use commercial space.
OPINION: TOCs struggling to meet their promise
Ontario is in the midst of the biggest transit building boom in a generation, and along with it comes vast opportunities for transit-oriented communities (TOCs) to flourish. Unfortunately, they're not for a multitude of reasons.
Concord Pacific transfers Expo lands to Vancouver
The city of Vancouver and developer Concord Pacific have finally formalized a deal to transfer three Concord-owned sites to the city for non-market housing. Whether it’s a step closer to the long-anticipated development is a question that lingers.
1,040 non-market rental units on Burnaby-owned land
The City of Burnaby has a total of 1,040 non-market housing units, including rentals and co-ops, just built or in development on its land, according to a new city report, and there are more on the way.
UBC Properties facing lawsuit over campus construction
The City of Kelowna, UBC Properties Investments and several others including engineers, builders and architects are facing a class-action lawsuit over damage to nearby buildings during excavation for the new downtown campus of UBC Okanagan.
Landlords sign on to Halifax's new rental registry
The deadline for landlords in the Halifax Regional Municipality to register their rental properties has come and gone, with tens of thousands of units now catalogued under a long-awaited new bylaw.
B.C. retail sales outperform national average
B.C. spending outperformed with a 1.2 per cent gain to fall just short of $9 billion in sales in February. Unadjusted retail sales — when compared to February 2023 unadjusted sales — were up by 5.7 per cent.
Brookfield developing $6B mixed-use California community
Transforming an abandoned Concord, Calif., military base into a massive $6 billion, mixed-use community with roughly six million square feet of commercial space and more than 12,200 homes is no simple task: That requirement now falls on Brookfield Properties.
Quest Diagnostics close to acquiring LifeLabs: Sources
Secaucus, N.J.-based Quest Diagnostics Inc. (DGX-N), one of the largest U.S. medical-testing companies, is the leading contender to acquire Canada’s biggest diagnostics platform, LifeLabs Medical Laboratory Services, from Ontario Municipal Employees’ Retirement System (OMERS).
Google to further consolidate real estate footprint
Two weeks after its parent company reported a 15% increase in year-over-year revenue, Google said it will vacate a 300,000 sq. ft. office at One Market Plaza, a 1.6 million sq. ft. downtown trophy office complex.
Fed flags rising delinquencies in CRE loans
Banks are preparing for further losses as delinquencies in loans tied to office space continue to rise. The Federal Reserve said Friday the rate of late payments on some commercial real estate loans had surged to above its pre-pandemic level.
Real estate most hated asset class on Wall Street: Morningstar
VIDEO: Steer clear of urban office, says David Sekera, chief U.S. market strategist for Morningstar. Defensives are attractive such as healthcare, triple net lease, and self storage, says Sekera.
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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