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Economic uncertainty? Just blame America: Benjamin Tal
Economic uncertainty? Just blame America: Benjamin Tal
Just blame Canada? Benjamin Tal’s message to over 3,000 attendees at the Real Estate Forum in Toronto on Wednesday suggested that when it comes to “uncertain” economic conditions we should, at least in part, just blame the U.S.
'We're in a recession,' says former BoC governor Poloz
Former Bank of Canada governor Stephen Poloz says Canada is in a recession, arguing the economy’s weakness has been masked by population growth. “I would say we’re in a recession, I wouldn’t even call it a technical one,” he said.
Signs of an upswing in CRE, says CBRE's Morassutti
VIDEO - Paul Morassutti, chairman of CBRE, evaluates the Canadian commercial real estate sector with Bloomberg's Trading Day. Morassutti says there are signs of an upswing as interest rates fall but challenges remain in the office sector, which may segment further.
Industrial lands in Metro Vancouver vital to regional economy
GUEST SUBMISSION: Industrial activities in Metro Vancouver are a significant contributor to the regional economy and workforce. From Maple Ridge to Richmond and from Langley to North Vancouver, the region's limited industrial land accommodates a range of uses.
Vrancor and Hamilton settle on Strathcona plan before OLT
At 10 fewer storeys than planned, Vrancor’s next highrise project for Strathcona still stands to be a towering addition to the neighbourhood on the edge of Hamilton after the developer settled an Ontario Land Tribunal (OLT) appeal with the city.
Broadway Plan changes could allow for 64,000 more residents
Forthcoming amendments to the policies and regulations of the City of Vancouver’s Broadway Plan would increase allowable tower heights and densities in select areas. Following public consultation in June 2024, the amendments being recommended will go before council next week.
 | Cameron Stephens Cameron Stephens celebrates 20 years in business with $12 billion of loan origination and nearly $4 billion in assets under administrationSince 2004, Cameron Stephens has delivered $12 billion in committed loans, driven by precision, partnerships and integrity. With $4 billion in AUA, the firm continues to empower Canadian real estate growth. Sponsored by: Cameron Stephens |
Calgarians concerned about potential RioCan redevelopment
A public hearing this week drew Calgarians concerned about a proposed six-tower project near Glenmore Landing shopping centre. Earlier this year, council approved plans to sell the city-owned green spaces to RioCan. The sale has not yet been completed.
'Serial disappointment': Labour productivity falls again
Canada’s labour productivity fell by 0.4 per cent in Q3, Statistics Canada said on Wednesday, marking the third consecutive quarter of declines. Labour productivity dropped in 11 of the 16 main business sectors tracked by the agency.
RTO could revive cities but revitalization will take more
Governments and businesses across the country are persuading or forcing workers back to the office, but that alone won’t revitalize the downtowns of major cities in Canada, say industry experts.
Proposed 24-storey tower for student housing in Surrey
This week, Surrey council is considering a proposal from developer Lark Group which wants to build a 24-storey mixed-use tower that would include 397 student dormitories totalling 944 beds.
Lactalis opens Oshawa distribution centre
Lactalis Canada has opened a new distribution centre in Oshawa, Ont. The 379,000-square-foot facility is the company's largest distribution centre globally. It has the ability to store up to 60,000 pallets in both cooler and freezer environments.
Flurry of recent commercial property sales in Kelowna
Two commercial properties on Leon Avenue in Kelowna have been sold to developers for a combined $3.1 million. And Commerce Plaza, a seven-unit retail mall on Commerce Avenue also sold recently for $13.8M.
Quick-service restaurants face challenges in Metro Van.
Demand for street-front quick-service restaurant retail unit space remains high in Metro Vancouver, but the industry is experiencing a slowdown in available new franchises. Franchises are vying for spots in areas with residential towers.
Conestoga Mall adds new stores in growing Waterloo
Managed by Primaris REIT (PMZ-UN-T) since its $270-million acquisition in July 2023, Conestoga Mall continues to evolve as a hub for shopping, dining and entertainment. Looking ahead, several new retailers will join Conestoga Mall into 2025.
Brookfield goes nuclear for 40-building office portfolio
Brookfield Properties’ eight-million-sq.-ft. office portfolio across D.C., Maryland and Virginia is now being operated by nuclear power. The firm has transitioned 100 per cent of the electricity usage for the roughly 40 office buildings it manages in the region.
Tariffs threat spurs construction stockpiling and IOS demand
In anticipation of promised tariffs under the coming Trump administration, some in the construction industry are stockpiling materials, creating demand for industrial outdoor storage (IOS) as companies try to get ahead of possible taxes on necessities for new commercial development.
Blackstone seeks $2.6B multi-currency loan for AirTrunk
Blackstone (BX-N) is reportedly in talks with a group of banks to lead an approximately US$2.6-billion multi-currency loan for Australian data centre operator AirTrunk. The firm is said to be in talks with around 10 banks.
Real estate firm Proprium Capital Partners explores a sale
Proprium Capital Partners, a Connecticut-based real estate firm with more than US$4 billion of assets under management, is exploring strategic options including a sale, according to people with knowledge of the matter.
Industry Events
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Canada Real Estate Auctions
Jan 01 2025
to Dec 31 2025
Canada
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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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