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GTA industrial: Vacancy rises, rent growth slows
GTA industrial: Vacancy rises, rent growth slows
A room full of CRE executives hosted by Colliers heard just how much the GTA industrial market has slowed after some blockbuster years. Rents continue to rise, but the pace has dipped dramatically. Availability is rising.
Can we build biotech labs quickly enough?
At a groundbreaking in September for a new seven-storey life sciences laboratory building in Toronto, Cary Solomon, managing partner of Seeker Labs, said the facility is designed to answer an acute need.
Shopify enjoys record-breaking Black Friday sales
Shopify Inc. says its merchants raked in US$4.1 billion in worldwide sales on Black Friday, numbers analysts say demonstrate the company’s increasing share of the online retail market as more consumers shift to digital holiday shopping.
Stantec to design billion-dollar battery factory in B.C.
Stantec will provide design services for a $1-billion investment with E-One Moli Energy to build a lithium-ion battery cell manufacturing facility in Maple Ridge, B.C. The facility will be Canada's largest for high performance lithium-ion battery cells.
Euro Manganese to establish Quebec cathode plant?
Vancouver-based Euro Manganese is reportedly in discussions with Investissement Québec to establish a cathodes manufacturing plant in Quebec's Bécancour industrial park. Euro Manganese is a $100 million market capitalization battery materials startup.
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Ontario Place opposition dropped; Ont. taking over hwys.
Ontario will upload two Toronto highways to help alleviate the city’s growing financial problems in exchange for the municipality approving plans for a redeveloped Ontario Place, the two levels of government announced Monday.
CIF launches Indigenous Equity Initiative
The Canada Infrastructure Bank on Monday announced a program to help First Nation, Métis and Inuit communities buy equity ownership stakes in projects in their traditional territories, fulfilling a commitment to invest at least $1 billion in Indigenous infrastructure.
Lawsuit a sign of uncertain times for condo market
OPINION: A B.C. man seeking to cancel a high-end condo purchase and recover millions in deposit funds in Westbank Corp. and Peterson Group's Alberni tower in Vancouver has filed a lawsuit alleging a “lack of transparency and fair dealing.”
B.C. homebuilder Alair Homes adds milestone 100th location
Nanaimo-headquartered custom homebuilder and renovator Alair Homes has launched its 100th office in Alexandria, Va., crossing a milestone for its franchise model.
Ottawa committee approves heritage reconstruction build
Ottawa’s Planning and Housing Committee has approved a proposal to dismantle and reconstruct a five-storey heritage building in Centretown as part of a plan to erect a 27-storey residential building. The proposal will go to council on Jan. 24.
Saint John Airport seeks new hotel
The Saint John Airport wants developers to know it's open for business — and to new ideas. Airport CEO Sandy Ross said the airport has space available and is keen to partner with developers to build a hotel and other projects.
Expert shares views on best-performing REITs
Gavin Graham, contributing editor for the Income Investor and Internet Wealth Builder newsletters, pointed to Canadian Apartment Properties REIT, Boardwalk REIT, InterRent REIT and Minto Apartment REIT as names that have held up better than the rest of the sector.
Alberta milk processing plant set for 2025 completion
A $67-million plant in central Alberta will mean a leaner processing sector for Western Canada’s dairy industry. Dairy Innovation West, slated for a 15-acre site in Blackfalds, broke ground in August with Chandos Construction the lead contractor.
Food industry to see dynamic changes: OPINION
As we enter 2024, according to the Trend Report from Canadian-based Nourish Food Marketing, the food and beverage industry stands at a crossroads, shaped by technological advancements, evolving consumer expectations, and pressing global challenges.
Hudson Yards reportedly received fast-tracked inspection
The list of buildings connected to the FBI's investigation into possible corruption in Mayor Eric Adams' administration is growing longer. NYC Fire Department chiefs received an email to fast-track a fire alarm system inspection at Related Cos.' 50 Hudson Yards.
Office owners increasingly returning properties to lenders
In the face of shifting office demand and high refinancing costs, U.S. building owners are increasingly returning properties to lenders instead of fighting to hold on to them. Office buildings made up 43% of all deed-in-lieu-of-foreclosure transactions in Q2 2023.
Blackstone CEO sees opportunities in Europe
Blackstone Inc. CEO Steve Schwarzman said his firm is eyeing a bevy of buying opportunities in real estate across Europe as central banks become less aggressive with rate hikes, allowing deal volumes to begin to bounce back.
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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