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Canada's data centre market to grow 'in a big way': Cologix president
Canada's data centre sector to grow in 'big way': Cologix prez
Canada’s data centre market will keep “growing and accelerating in a big way,” says Sean Maskell, president and general manager of Cologix Canada.
Office market won't return to pre-COVID levels: Morguard
Canada’s office sector has taken a hit from the shift to remote work, and though a rebound is expected next year, Keith Reading, senior director of research at Morguard, says it’s unlikely the market will ever regain its pre-COVID strength.
Downtown Van. office values plunge up to 35%
While residential property assessments moderated in 2023, according to BC Assessment's 2024 assessment data, a 25 to 35 per cent decline in the value of downtown Vancouver office properties could leave other property owners making up the difference.
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Kelowna issued record $1.75B in building permits in 2023
The City of Kelowna has set a record for building permit value in 2023. Figures released by the planning department for Monday's inaugural 2024 council meeting show the city issued building permits valued at $1.756 billion last year.
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Calgary hotel assessments climb 23%
Sol Zia, executive director of the Calgary Hotel Association, said she will call on local hotel operators to actively appeal the 23 per cent rise in their property assessments, announced Wednesday by the city.
Vacant B.C. apt. building's assessed value increases
The property assessment for the RidgeView Place apartment building in Langford is being appealed, after the value of the 11-storey building increased despite the fact that it has been vacant since April because of safety issues.
Arthroto, DIRTT create prefab model for office conversions
Startup Arthroto has partnered with DIRTT to “revolutionize” the future of housing, providing a way to meet the urgent need for affordable and sustainable development by converting unused office spaces into residential, mixed-use and potentially also flexible housing.
Montreal's Brasserie T! restaurants shutter
The principals behind the famed Toqué restaurant announced on Wednesday the immediate closure of the Brasserie T! eateries in Mile-End/Parc-Extension, Ste-Thérèse and Brossard, as well as Comptoir-Épicerie on Beaumont Ave. and Burger T! in Montreal’s Time Out Market.
Legendary tailor relocating in Van.’s Chinatown
The decision to move Modernize Tailors, a business that has existed for more than 100 years in Vancouver's Chinatown, a few blocks reflects the constant tension in this neighbourhood: How to reinvent a business but stay connected to its history.
Melcor celebrates 100 years in Alberta real estate
Melcor was launched by Louis Timothy Melton in 1923 as Stanley Investment Co., named after his son. Over 100 years, Melcor has become a fully integrated real estate development and asset management company.
Interest rate cuts could come in spring: Deloitte
Deloitte Canada says the Canadian economy will return to growth in the second half of 2024, with interest rate cuts as early as this spring. The Bank of Canada held its key rate steady at five per cent in December.
OPINION: BoC right to keep interest rates higher
By 2025, rent will be contributing 0.2-points more to headline inflation than the norm before the pandemic, one reason to expect the Bank of Canada to keep interest rates higher than in the past, says Capital Economics' Stephen Brown,
iA Financial enhances climate ambition with new targets
iA Financial Group (IAG-T), a Quebec City-based company offering insurance and wealth management services, says it has initiated new greenhouse gas reduction targets related to the firm's real estate and public corporate bond portfolios.
Top Canadian REITs to buy in January
Valued at $528 million by market cap, Automotive Properties REIT (APR-UN-T) stock is down 28% from all-time highs. But the drawdown in share prices has increased the REITs yield to a tasty 7.5%.
Couche-Tard completes European assets acquisition
Alimentation Couche-Tard Inc. (ATD-T) says it has completed its acquisition of certain European retail assets from French oil giant TotalEnergies SE. The acquisition by the Laval-based convenience store and gas station operator was valued at $4.53 billion Cdn.
UCLA pays $700M for two L.A. office assets
The Regents of the University of California has acquired One Westside and Westside Two, two office assets totalling some 687,000 square feet in Los Angeles, for $700 million. The seller was a partnership between Hudson Pacific Properties and Macerich.
$117B in office debt coming due this year
A total of $117B in mortgages associated with office properties will be due this year, the Financial Times reports, with an unspecified number of them at risk of default as refinancing proves difficult or impossible in the current climate.
Share of foreign investment in U.S. CRE near historic lows
While a famed Italian fashion house might have closed 2023 by splashing down more than $800 million on Fifth Avenue real estate, foreign investors captured a historically small portion of the U.S. commercial property market last year.
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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