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Bloor, Dundas Toronto high-rise development site for sale again
Bloor, Dundas Toronto high-rise dev. site for sale again
A prime Toronto multiresidential development site at the corner of Bloor Street West and Dundas Street West is once again for sale. A 27-storey high-rise is currently planned for the property.
Industrial CRE: 'Darling asset class' remains good investment
While the Canadian industrial real estate market has slowed a bit after several years of remarkable growth, it remains a favoured asset class for investors.
New economy industries, hydrogen drive Alberta land market
Alberta's hydrogen industry is poised for rapid growth in coming years, which is good news for the industrial real estate market in Edmonton and the northern part of the province.
 | The Industrial Real Estate Show A cloudy economic outlook for 2024: K.C. ConwayChad GriffithsPartner, NAI Commercial |
Core plans to build rental-only detached houses in Ontario
After being vilified for its plans to buy $1 billion worth of houses in Ontario to rent them out, Core Development Group Ltd. says it now also wants to build new rental houses from scratch.
 | Colliers Canada Brokerage How Edmonton landlords are enhancing the office landscapeEdmonton’s office market has remained relatively stagnant at 20.3% vacancy. Although absorption has been slightly positive, this soft market has yet to see the impact of leases executed pre-pandemic that will come due. Sponsored by: Colliers Canada Brokerage |
StorageVault to acquire 2 Ont. locations for $20M
Toronto-based StorageVault Canada Inc. (SVI-T) announce it has agreed to acquire two stores in Ontario for $20 million from two arm’s-length vendor groups. The acquisitions are expected to close in Q1 2024.
PROREIT sells three retail properties for $13.2M
PRO Real Estate Investment Trust (PROREIT) (PRV-UN-T) today announced it has completed the sale of three non-core retail properties totalling approximately 68,000 square feet of gross leasable area for total gross proceeds of $13.2 million.
Downtown Montreal dotted with vacant storefronts
Across Montreal, the vacancy rate for storefronts sits at 13.1 per cent, according to the city's open data portal — down slightly from 15 per cent in 2019, when the administration launched public consultations on the issue.
All eyes on future Surrey-Langley SkyTrain extension
The stakes are high. A failure to concentrate not just population growth but also new jobs along the upcoming $4B Surrey-Langley SkyTrain corridor will hinder progress toward building affordable housing, constraining suburban sprawl and taking cars off the road.
Surrey streamlines development with key exemptions
Surrey council has approved significant procedural changes aimed at streamlining development processes. Apartment buildings up to six storeys and commercial/office buildings up to three storeys will be exempt from Advisory Design Panel reviews, if they have staff support.
Edmonton's urban planning overhaul comes into effect
On New Year's Day, Edmonton's map radically changed. Edmonton council approved a zoning overhaul in October after days of hearings. All properties in the city have been rezoned from previous zones to their closest equivalents under the new bylaw.
B.C. building permits take sharp downward turn
Building permits in B.C. receded sharply in October. Total dollar volume fell 23 per cent year-over-year to reach $1.7 billion following a 1.4 per cent gain in September. Non-residential building construction fell 42% while residential construction decreased 15.5%.
GTA developer ordered to pay $180K over illegal home sales
An Ontario court has ordered Markham-based developer Ideal (BC) Developments to pay $180,000 in fines and restitution for illegally selling unbuilt homes. Ideal had collected more than $5 million in homebuyer deposits in a Richmond Hill pre-construction project.
Prevention against wildfires pays dividends: Intact Centre
As wildfires grow more frequent and powerful in Canada, a report from the Intact Centre on Climate Adaptation lays out a series of preventive activities for homeowners and communities to minimize fire risk.
OPTrust sets target for 30% GHG reduction by 2030
Toronto-based pension fund OPTrust has announced an interim target of a 30 per cent cut to its greenhouse gas (GHG) emissions by 2030, following up on its 2050 net-zero target. The new target was announced in its climate strategy update.
Blackstone allocates most investment to Europe
Blackstone Inc., the world’s biggest alternative asset manager, has placed 55% of its global property investments in Europe after rising interest rates led to bargain prices, according to a report by the Financial Times.
L.A.'s Aon Center tower sells for $148M
Aon Center, a 1.1-million-square-foot office tower, has sold for $148 million in what is known to be the biggest downtown Los Angeles office sale of 2023. Beverly Hills-based real estate private equity firm Carolwood LP acquired the building.
Rival office startup springs up in WeWork’s shadow
In August, soon after WeWork announced its ability to “continue as a going concern” was in question, blue-shirted employees of rival flexible office startup Codi set up shop outside a number of WeWork locations in San Francisco and New York.
Mortgage REIT JER files for bankruptcy
JER Investors Trust Inc., a mortgage REIT, filed for bankruptcy in the latest sign of distress in commercial real estate. The REIT owes more than $100 million to creditors, but has less than $50 million in assets.
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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