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Toronto leads office market comeback, industrial holds steady: CBRE

2 days ago

Toronto leads office comeback, industrial steady: CBRE

The Canadian office market ended 2025 with positive net absorption for the second year in a row, driven by large lease transactions in downtown Toronto, according to CBRE's Q4 office and industrial reports.

Apartments, retail shaping up at Spruce Grove's Legacy Park

Construction is underway at The Elm at Legacy Park, the first two rental residential buildings being developed at the project by Forum and Dawson Wallace in Spruce Grove, just outside Edmonton.

Farhi seeks funding support for $80M downtown highrise

The London-based developer behind an $80-million condo project slated for a prime piece of Windsor waterfront real estate is one step closer to securing tens of thousands in city grants, and much more in future tax reimbursements.

What to do about skyrocketing development charges

On paper, the “price” of a new home is the sticker in the brochure. In practice, it’s a layered stack of costs that buyers never see itemized. And one line item has become especially consequential: development charges.

Iconic Toronto bus terminal about to be demolished

The historic Toronto Coach Terminal at Bay and Dundas closed to bus traffic in 2021. With a two-tower complex soon to begin construction, the two adjacent sites on Bay and Elizabeth streets are being primed for demolition.

Four Toronto building projects to watch in 2026

The lag-time between sales, shovels in the ground and actual bricks-and-mortar (or steel-and-glass), means 2026 will still hold delights and surprises for the architecture aficionado despite the market troubles. 

Quebec-based Trudel Studios is bankrupt

Trudel Studios has filed for bankruptcy. The company, which was leading a $200M project to build a large film studio complex in Laval, is closing its books with unpaid debts of just over $1.5 million.

London Drugs' to exit Vancouver's Downtown Eastside

On Wednesday, London Drugs confirmed that as of Feb. 1, it will cease operating in the Woodward’s building, 16 years after it opened as an anchor tenant for the landmark redevelopment of the former department store property on East Hastings.

Sobeys applies to turn Broadway Toys "R" Us into FreshCo

The Sobeys grocery store chain has retained WA Architects to redevelop the former Toys “R” Us location on West Broadway as a FreshCo food outlet. The application for 1154 West Broadway, between Alder and Spruce streets, doesn’t require rezoning.

Tiffany & Co. expands in Canada with Royalmount store

Tiffany & Co. is continuing its long-term expansion across Canada with the opening of a new store at Royalmount in Montreal, a move that further underscores the luxury jeweller’s confidence in the Canadian market. 

Sports Experts to replace Saks OFF 5TH at Place Ste-Foy

Sports Experts is set to expand its footprint in Quebec City after securing the former Saks OFF 5TH location at Place Ste-Foy, one of the city’s most prominent fashion-oriented shopping centres. 

B.C. court rejects $12M oral contract for massive ranch sale

The $63M sale of 16 ranches in British Columbia has taken a legal U-turn. The B.C. Court of Appeal has overturned a $12-million judgment, ruling that a “meeting of the minds” never actually occurred.

Stalled Hamilton condo project faces city order, legal woes

The city has ordered a Stoney Creek company to “remedy structural inadequacies” at a stalled downtown condo development that has sat virtually untouched for years. Current owner Marbelle Group won the partly built structure in a court-ordered insolvency sale.

Build Canada Homes to hold regional webinars

The federal government will conduct a series of regional webinars in January and February about its signature Build Canada Homes (BCH) agency, which officially launched in September and is becoming operational.

Real estate podcasts

Mike Maxfield, Brookfield Properties: Data-driven future of CRE, CRE Podcast
The bull vs. bear case for Canada’s rental market, Canadian RE Investor
The population collapse that's breaking Canada's housing market, Vancouver Life RE 

 

Columbia Property Trust defaults again on $1.7B office loan

Columbia Property Trust received a new notice of default tied to a US$1.7B loan secured by a portfolio of office properties including 650 California St., the San Francisco Business Times reported. 

Blackstone, housing stocks slip as Trump targets big investors

Shares of Blackstone and other housing-related companies tumbled Wednesday after President Donald Trump said he would move to ban institutional investors from buying single-family homes. Blackstone fell 9.3 per cent, trimming some losses to close down almost six per cent.

How risky dealmaking pushed Saks Global to the brink

In the retail world, Saks Global executive chairman and newly appointed CEO Richard Baker is known for having the opposite of the “Midas touch” when it comes to dealmaking.

Coworking space meets social club in Los Angeles

It's the latest real estate mash-up to debut in greater Los Angeles: a combination coworking space and social club. Two commercial property operators hope demand for flexible offices and members-only recreation spots will help their new offices stand out.

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