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Incentives could kickstart T.O. apartment construction: Dream's Cooper
Incentives could kickstart T.O. apt. building: Dream's Cooper
Dream Unlimited is building apartments in the prairies and Ottawa-Gatineau, but the numbers don't work in Toronto. Proposed incentives from the city to build more rental homes could change that, however, Michael Cooper said in a wide-ranging interview.
Armco Capital makes big bet on Calgary office sector
The recent purchase of iconic property Bow Valley Square in Calgary signals a growing confidence and optimism by Armco Capital about the city’s downtown office market. The acquisition is Armco's second major office purchase in the city this past year.
Bigger office leases drive brokerage gains
A burst of office leasing that included larger average deal sizes, propelled in part by more employers requiring workers to return to the office, helped drive strong revenue and profits for the largest commercial property brokerages.
T.O. policy could allow 11-storey buildings on busier streets
A new policy that would allow midrise buildings of up to 11 storeys along some of Toronto’s busier avenues is headed to council this week that aims to create more uniform rules across some of the city’s most bustling streets.
Ericsson invests $456M for AI, tech research facilities
Ericsson and the federal government have expanded their partnership with a substantial funding increase, with Ericsson committing $456 million to research facilities in Ottawa and Montreal. The facilities will have a key role in the company’s global innovation strategy.
Hamilton buildings, part of 32-storey project, collapse
A pair of heritage buildings that date to the 1870s and figure into downtown highrise plans have collapsed at Hamilton’s Gore Park. Officials surveyed the pile of rubble at the site as people gathered for morning Remembrance Day ceremonies.
 | BTG Realty Advisors Inc. Shovel ready Port Credit development site for saleBTG Realty Advisors Inc. has listed for sale 128 Lakeshore Road East, a prime shovel-ready development site prominently located in the heart of the affluent and picturesque Port Credit neighbourhood in Mississauga. Sponsored by: BTG Realty Advisors Inc. |
Dynamite targets initial market valuation of $2.3 billion
Montreal women's clothing retailer Groupe Dynamite is seeking a $2.3B valuation by going public in the coming weeks. The company's bankers expect to price the stock initially from $19 to $23, an amended prospectus filed yesterday said.
After five years of CRE horror, here are nine reasons for hope
OPINION - It’s been a tumultuous five years for commercial real estate: from a nationwide lockdown closing hotels, retail and office, to runaway inflation followed by unprecedented rate hikes, this normally stable sector has been caught in a whirlwind.
Toronto traffic doesn’t just seem worse, it is worse
While people living in the Greater Toronto Area have long complained about gridlock, data compiled for The Globe and Mail by traffic analytics firm INRIX shows the problem is truly getting worse, with traffic surpassing pre-pandemic levels.
39-storey settlement on Yorkville Avenue heading to OLT
Redevelopment plans for a compact site at 69 Yorkville Ave., north of Bay Station in Toronto’s Yorkville neighbourhood, have faced scrutiny over the site's suitability for highrise development, given the minimal tower separation and the street’s upscale character.
Jasper's rebuild taking shape, but not without challenges
July's wildfire in Jasper destroyed 358 structures — one-third of the town's buildings. People on the front lines of the community's recovery say the rebuild will be an immense and complicated challenge.
Canadian retailers adapt to shorter holiday season
Eric Morris, managing director of Google’s retail practice in Canada, shares critical insights on how Canadian retail is evolving as consumers face a shorter holiday shopping season, with less time between Cyber Monday and Christmas this year.
Mattamy launches master-planned development in Florida
Mattamy Homes has launched sales at the 4,200-home Newfield in Palm City, Fla., about 40 miles north of the Palm Beach County job centre. The Toronto-based company expects the Martin County project to take about 15 years to complete.
Nightingale Properties' NYC office tower seized by lenders
Nightingale Properties has lost control of an office building a few blocks from Grand Central Terminal in Midtown Manhattan. Namdar Realty Group and Klosed Properties have acquired the ground lease for 20 E. 46th St. for US$10.4M.
Six Flags considers selling some amusement parks
Six Flags Entertainment Corp. is reevaluating its portfolio and may shutter or sell some of its 27 amusement parks. In a call with investors, CEO Richard Zimmerman declined to provide details, but confirmed the sale of non-core assets is possible.
N.Y. rent-control system survives Supreme Court challenge
The U.S. Supreme Court refused to question New York’s rent-control system, turning away two appeals that said the rules violate apartment owners’ constitutional rights. The rent-control system governs a million units in New York City alone.
U.S. industrial demand slips, but avoids a slump
Overall demand is down slightly in the U.S. industrial real estate sector as tenants become more cautious and focused on cost control, according to JLL’s 2024-2025 industrial tenant demand study, which puts the decline in industrial requirements at 1.8 per cent.
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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