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'The office market is not dead'
'The office market is not dead'
Despite what tenants are hearing from some news sources, Montreal’s office market is far from flatlining. That’s what Cushman & Wakefield's Meggie Bergevin told attendees at a session on the city’s office market during the Montreal Real Estate Forum.
Pinnacle proposes 90-, 95-storey towers in downtown T.O.
Vancouver-based Pinnacle International Realty Group, the developer behind the tallest tower currently under construction in Canada, has proposed demolition of the former Toronto Star headquarters at 1 Yonge St. in favour of 90- and 95-storey residential towers.
Colonnade BridgePort to manage Gatineau office complex
Ottawa-based property management firm Colonnade BridgePort is adding to its portfolio close to home. The capital’s largest private-owned commercial landlord has been awarded the contract to manage and oversee leasing at Place Vincent Massey, a two-building office complex in Gatineau.
 | CRE Talks Behind the data: The impact of population, demographics on CREAdam JacobsSenior National Director, Research, Colliers Canada |
Two Mizrahi projects in receivership
Mizrahi Developments' nine-storey, 20-unit luxury condo project at 128 Hazelton Ave. in Yorkville is in receivership. The Ontario court has also granted another receivership order over a multi-tower development at 180 Steeles Ave. W. in Vaughan.
 | The Home Equity Partners The Home Equity Partners launches in the GTA to help homeowners unlock financial freedomThe Home Equity Partners is a dynamic Canadian company offering an innovative new product called the Home Equity Sharing Agreement. This hassle-free product empowers homeowners to achieve their financial goals – without monthly payments, interest charges, or usage restrictions. Sponsored by: The Home Equity Partners |
Building permits rise at quickest pace in four years
Canadian building permits rose 20.5 per cent month-over-month in April, four times the expectation of economists in a Bloomberg survey. Residential permits jumped 19.6 per cent, driven by a 32.6 per cent gain in multifamily permits, StatCan reported.
Altus: Canadian real estate pros split on market
Canadian real estate professionals are divided on the state of the market, says an Altus Group Q2 survey. Half of the 333 respondents expect to continue a focus on managing their existing portfolios, roughly even with last quarter.
Canadian REITs 'a great buy': BMO exec
VIDEO: Brian Belski, chief investment strategist of BMO Capital Markets, talks about investing opportunities.
BeyRose proposes 55-, 58-storey mixed-use towers
BeyRose Capital has proposed 55- and 58-storey mixed-use towers immediately across from the Brampton GO station. The Kirkor Architects and Planners-designed towers, atop a shared 13-storey podium, would include 1,628 residential units in addition to retail.
Marlin Spring proposes mixed-use complex in T.O.
Marlin Spring Developments proposes a 39-storey mixed-use condominium and low-rise commercial and live/work buildings at 158 Sterling Rd. in Toronto. The project, designed by Giannone Petricone Associates, would comprise 477 condo units in addition to retail.
Edmonton, Calgary share downtown revitalization struggles
Edmonton and Calgary’s efforts to revitalize their respective downtowns have more in common than it might seem, according to Calgary Downtown Association executive director Mark Garner, a panelist at a NAIOP-hosted breakfast on Wednesday morning.
Canadian investors eye utilities, real estate stocks
Canadian utility and real estate stocks are likely to be among the biggest beneficiaries of the Bank of Canada’s move to begin cutting interest rates, while the prospect of increased loan demand could help bank shares, investors say.
‘Unjustifiable’ spending by insolvent RE firm: Report
A court-ordered report into the spending patterns of real estate rental investment business Balboa Inc. et al alleges a pattern of lavish personal spending and “a pervasive lack of proper record keeping” about how $144M in loans were spent.
Lithion begins building Quebec mineral extraction plant
Lithion Technologies has begun construction work on its first commercial-scale mineral extraction plant in St-Bruno-de-Montarville, Que., a prelude to a projected billion-dollar expansion program for the Montreal-based company.
Federal Reserve holds interest rate
United States Federal Reserve officials said Wednesday inflation has fallen further toward their target in recent months, but signalled the Fed expects to cut the benchmark interest rate just once this year.
Blackstone to expand Manhattan HQ to over 1M square feet
Blackstone is finalizing a deal to expand its headquarters at Rudin’s 345 Park Ave. from 750,000 square feet to just over a million square feet, one of the largest office leases in Manhattan in recent years.
Foreign investment in U.S. CRE at lowest point since 2011
Interest from international investors in commercial real estate assets in the U.S. fell by almost half in just one year, as the slump in prices and transaction activity has taken its toll on cross-border investment.
European CRE makes a profit after six negative quarters
MSCI data shows European real estate produced a 0.4 per cent Q1 return. Capital values fell by an average of 0.8 per cent across the region, but income return growth of 1.2 per cent put the sector into positive territory.
U.K. REIT pulls IPO after missing $439M target
Special Opportunities REIT has pulled its IPO after falling short of its minimum fundraising target of $439 million Cdn, scuppering the first stock market listing of a U.K. real estate investment trust in three years.
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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