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Leyad buys Quebec City's Mega Centre Lebourgneuf: $66.5M
Leyad buys Quebec City's Mega Centre Lebourgneuf: $66.5M
Leyad’s busy 2024 is continuing with the off-market acquisition of Quebec City’s 341,000-square-foot Mega Centre Lebourgneuf shopping centre from Choice Properties and the Ontario Teachers' Pension Plan for $66.5 million.
ERES to sell $1.05B European portfolio to Dream JV
Dream Unlimited Inc. and its joint venture partners TPG Angelo Gordon and Stadium Capital Partners have announced plans to acquire a $1.05-billion portfolio of Dutch housing from European Residential REIT (ERES).
Inflation in Canada hits 2% target for first time since 2021
Inflation in Canada fell to the slowest yearly pace since February 2021 and core measures continued to ease, keeping the door open for larger interest rate cuts from the Bank of Canada.
Toronto’s retail market continues to soften: JLL report
Toronto’s retail market softened in Q2 2024, a downward trend expected to persist throughout the year, according to commercial real estate firm JLL’s most recent Toronto Urban Retail Report.
Surrey eyes streamlining; Delta frustrated projects not built
The City of Surrey continues to evolve its land development and permitting process from a model of regulation to one of facilitation, but frustration is evident in neighbouring Delta where streamlining measures have already been enacted.
 | Trez Capital Entering into a new real estate cycle supported by continued housing demands: H2 2024 OutlookAs 2024 progresses, key economic indicators suggest the real estate cycle is entering a new phase. Major central banks have commenced interest rate cuts, with the Bank of Canada leading the way. Sponsored by: Trez Capital |
More developments, more people: A new era in Kelowna
Hulking towers taking shape at Kelowna’s Leon Ave. and Water St. are a sign of change that’s been in demand for decades. But as the towering developments reshape the city, hurdles remain for infrastructure, housing density and social services.
Concerns of over-development on Windsor's Cabana Road
About 200 residents gathered informally last week to share concerns about the future of their neighbourhood: a section of Cabana Road West between Dougall Avenue and Casgrain Drive. The one-kilometre stretch has three proposals to build multi-story, multi-use buildings.
Business insolvencies fall 23% — still 41% higher than 2023
It’s another sign of strain in the Canadian economy. Late payments by businesses jumped 10.2 per cent in the second quarter compared with the same period last year, according to a study released Tuesday by credit bureau Equifax Canada.
Commercial and retail leasing trends and strategies
Blaney McMurtry LLP partner and commercial law specialist Dennis Tobin examines some of the trends affecting the industrial, retail and office sectors and how the consequences might affect rents and other lease provisions.
Building a sustainable future: scaling the mass timber sector
Canada’s mass timber industry is ready to seize the international moment, and close the gap with European leaders. The sector is on the cusp of significant expansion, with the potential to revolutionize both the construction industry and the human landscape.
Tapping into the power of urban analytics
Cities have increasingly turned to urban analytics to address a range of challenges. From improving infrastructure to enhancing sustainability and boosting overall livability, urban analytics leverages vast amounts of data to optimize everything from traffic patterns to energy consumption.
Eby tackles B.C.'s housing crisis problems, solutions at ULI
Housing is an interconnected set of challenges often beset by unintended consequences, British Columbia Premier David Eby said during a visit to a ULI B.C. gathering in Vancouver last week.
200 rental units coming to Cowichan Tribes lands
A ground-breaking ceremony was held Thursday for Rivers Edge, an $80-million, 200-unit rental housing development on Cowichan Tribes land just outside Victoria. Two six-storey buildings will be located along the river.
Rental insurance will help B.C. landlords with skipped rents
B.C. landlords soon will have the government backing them if bad tenants skip out on rent and disappear into the wind. Housing Minister Ravi Kahlon announced Monday preliminary details on the “government-supported insurance program for rental suites”.
Halifax-area landlords defend use of fixed-term leases
Some Halifax-area landlords on Monday defended their use of fixed-term leases as necessary to recoup costs under Nova Scotia’s rent cap, despite criticism the leases help property owners skirt the rules.
Brookfield eyes sale of Fifth Avenue property with Coach store
Brookfield Asset Management (BAM-T) is exploring a potential sale of a retail property home to luxury brands on New York’s Fifth Avenue. Brookfield is said to be eyeing a price in the low- to mid-$300 million range.
Blackstone real estate’s Stein retiring after almost 30 years
Blackstone Inc. (BX-N) real estate veteran Bill Stein, who played a role in shaping big investments across its $335 billion business, is retiring after nearly three decades at the New York-based firm.
Amazon to employees: Return to office 5 days per week
Amazon (AMZN-Q) will require employees to return to working at company offices five days per week beginning next year, toughening a prior three-day mandate. The change is necessary to “invent, collaborate and be connected” chief executive officer Andy Jassy said.
Apple buildings in Silicon Valley put up for sale by landlord
Tricap, a New York-based property owner, is marketing California office buildings that count Apple as a tenant. The company hired brokerage Newmark Group to find buyers for the nearly 350,000-square-foot property in Sunnyvale.
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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