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Pomerleau partners with GEC on $135M Vancouver tower project
Pomerleau partners with GEC on $135M Vancouver project
Global Education City (GEC), a provider of student housing in B.C.'s Lower Mainland, has an investment from Pomerleau Capital for a $135-million plan to develop new rental homes aimed at international and domestic students.
There's a 'bull run' ahead for real estate: KingSett's Kumer
Three high-ranking Canadian real estate executives and one European colleague closed a recent Toronto forum by looking beyond the "Survive ‘til 2025" mentality to "Hello to a Fix in 2026.”
Toronto office market expects large lease deals in 2025
Toronto office market experts say the trend is expansion and early lease renewals in 2025 as large institutional employers gain confidence in the shape of the post-Covid office landscape. Vacancy rates in 2025 are expected to remain high, peaking midyear.
Sony's Imageworks moving Vancouver office to The Post
Sony Pictures Imageworks — one of the primary office space tenants above Vancouver's former Nordstrom building — will be vacating its existing 74,000 sq. ft. office location for another space in downtown Vancouver.
What Trudeau's resignation will mean for the economy
Justin Trudeau announced he will step down as prime minister once a new leader of the Liberal Party is selected, ending months of speculation. Economists weigh in on what could be a 'new wave of uncertainty' for the country.
Prorogation upends capital gains change, CRA yet to clarify
Prime Minister Justin Trudeau’s move to step down and prorogue parliament will keep his government from implementing its proposed changes to capital gains for now, but Canadians might not be off the hook with the country’s tax collectors yet.
 | GWL Realty Advisors Office workers are back, and focused on wellbeingGWLRA's recent office tenant survey revealed that tenants are generally back to the office. New from past surveys, tenants especially appreciated building amenities focused on their personal security as well as health and wellbeing. Sponsored by: GWL Realty Advisors |
Fitzrovia's Adrian Rocca has big plans for rentals
Fitrovia recently launched a $1B fund to build new two- and three-bedroom rentals in Toronto. Founder and CEO Adrian Rocca says the company hopes to de-stigmatize the rental sector and add amenities to make rentals more desirable.
Caivan's prefab Summit Series homes cut build times, costs
Factory producing major components for its Summit Series of homes has allowed Ottawa-based Caivan Homes to dramatically lower construction costs, shorten timelines and offer new homes for sale starting at just under $350,000.
Hamilton loses fight against 39-storey plan
The city has lost a fight over a developer’s plan to build a 39-storey highrise in downtown Hamilton that overshoots the height of the Niagara Escarpment. The 741-unit building stands to become Hamilton’s second tallest after Landmark Place.
Ontario unveils proposal for 11 tall towers in Oakville
Infrastructure Ontario is proposing to allow a developer to build 11 tall towers, between 46 and 59 storeys high, in Oakville. The plan is to work with Toronto-based Distrikt Developments to create a transit-oriented community, within a 4.9-hectare area.
Building parking stalls in Metro Vancouver costs up to $230K
The cost to build parking stalls within a new residential development in Metro Vancouver can add considerably to the overall construction costs. According to Metro Vancouver Regional District, developers have experienced costs of up to $230,000 per stall.
Seniors lead solo renter revolution, larger dwellings preferred
Solo renting is becoming a defining trend in Canada’s housing market, with seniors aged 65-and-older emerging as the largest demographic driving this shift, a Point2Homes study shows. One-person households have doubled since 1991.
CRE entering new cycle with renewed investor interest
Investor interest is likely to return to Canada’s commercial real estate market in 2025, according to experts who say more capital could be allocated to the industry amid falling borrowing costs.
Major updates at soon-to-open Banff hotel
Big changes are underway at a Banff hotel as the High Country Inn undergoes a massive transformation into an upscale retreat. The hotel is being rebranded as The Kenrick Hotel, with its grand reopening set for Spring 2025.
Boardwalk issues update on capital recycling initiatives
Boardwalk REIT (BEI-UN-T) has released an update highlighting its ongoing performance and recent capital recycling initiatives. The trust continues to see strength in occupied rents and leasing activity heading into the latter part of winter.
Microsoft to ramp up AI data centre investment to $80B
Microsoft plans to spend close to $80B on data centres in 2025, up 44 per cent from last year as Big Tech races to build out the infrastructure for its artificial intelligence ambitions.
Spiral Tower in Hudson Yards eyes $2.7B bond refinancing
The partnership of Tishman Speyer and Henry Crown is returning to the bond market to refinance the Spiral office tower in Hudson Yards, less than three months after wrapping up the biggest commercial mortgage-backed securities deal in years.
Atlanta office demolitions on the rise, even where once 'unimaginable'
As owners of commercial properties around Atlanta grapple with anemic demand in recent years, many are realizing that their buildings — even those that haven't hit their 25th birthday — are worth no more than the land they're built on.
Arnold Palmer’s Coachella Valley golf resort home lists for $5M
Directly on the famed Tradition Golf Club’s fairway, the California property has never publicly been on the market. The house sits on a bit less than half an acre and has four bedrooms and three-and-a-half baths.
Industry Events
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ICSC Whistler
Jan 26 2025
to Jan 28 2025
Fairmont Chateau Whistler
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Canada Real Estate Auctions
Feb 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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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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