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Nicola Wealth to move Vancouver HQ into 1477 West Broadway
Nicola Wealth to move Van. HQ into 1477 West Broadway
Nicola Wealth Management plans to move its Vancouver headquarters into the 39-storey 1477 West Broadway mixed-use highrise under construction by PCI Developments in downtown Vancouver.
Calgary's Riley Park Village redev. site sold for $38.1M
A prime development site in northwest Calgary, which has been approved as a master-planned mixed-use village, has been sold to two Alberta developers for $38.1 million.
3 new Yorkdale rental towers will focus on larger units
Fitzrovia is currently completing a three-tower rental complex close to Dufferin Street and Highway 401, just steps away from Yorkdale Shopping Centre. The development will be made up of 758 units that will be majority either two- or three-bedroom units.
Six commercial real estate projects to watch this year
Commercial real estate developers are changing cities across Canada with bold projects that will impact how businesses operate, customers shop and scientists make discoveries. Here are six key projects we are tracking in 2025.
Office vacancy rate in Calgary’s core expected to drop 1%
Calgary’s downtown office vacancy rate is projected to decline slightly, according to a report by commercial real estate firm CBRE. Several factors contributed to the anticipated decline including some office spaces are being converted into residential apartments and hotels.
Broccolini builds on 75 years of tradition
For 75 years, the Broccolini construction group has evolved, going from a simple builder of single-family homes to a general contractor in the institutional, then industrial and commercial sectors, before embarking on construction of condo towers over 50 floors.
Boralex targets Ont. energy needs with Tilbury battery facility
Montreal-based Boralex Inc. (BLX-T) and its Indigenous partner Walpole Island First Nation this month announced closing on $172 million in financing for the Tilbury Battery Storage project, a four-hour duration battery energy storage system (BESS).
Architect seeks removal of Calgary hotel's heritage status
The Steveston Hotel is a “garbage building” with “no architectural value.” This was the assessment of Kanaris Demetre Lazos of the oldest hotel in Richmond, originally the Sockeye Hotel, who said the heritage designation is blocking development.
Westmount plan would allow highrises of 20 storeys
Westmount’s southeast corner has been the scene of abandoned buildings stretching several blocks for a number of years. Height restrictions made it unattractive for potential developers. But a new plan seeks to increase height allowances up to 20 storeys.
Construction underway at Concord Pacific Metro Van. project
Construction on the first phase of the Concord Metrotown development is taking shape, with three towers now rising above ground level at the northeast corner of the Metropolis at Metrotown shopping mall.
Finding the missing middle: Multiplex investment and dev.
GUEST SUBMISSION: In May 2023 Toronto City Council adopted a policy and bylaw amendment to boost housing development throughout the city, a component of its 2023 Housing Action Plan to support the growth of inclusive, sustainable communities.
Stagnant small business investment to fall in next 2 years
Nearly a third of small businesses expect their capital investments to decrease over the next two years, a report from the Canadian Federation of Independent Business states, and only two-in-five are making investments to improve productivity.
New L'OCA grocery store to open in Edmonton
The new L’OCA Quality Market in Edmonton’s Parkview neighbourhood, which is replacing Andy’s Valleyview IGA, is set to open at the end of January. Those familiar with the old store will notice some changes.
Restaurants enjoying extra business during GST break
Restaurateurs in the Halifax area say the two-month GST holiday that began last month appears to be providing a boost to their businesses, but some are worried about the public's reception when it comes to an end.
Montreal merchants demand compensation for construction
After enduring months of major construction, merchants in Montreal's Quartier Latin are slamming the city's decision to shut down the intersection of St-Denis and Ontario for at least two weeks of work. They are demanding compensation to avoid business closures.
Real estate podcasts
Sachin Anand, Regional Group: Ottawa’s real estate landscape, CRE Podcast
Ryan Anderson, MillerKnoll: Place attachment at work, Tenant Experience Network
Steve Tsonev, Finngo: Tax season tips, RE Investing Morning Show
Brookfield subsidiary picks up rent-to-own startup in 'fire sale'
Helping renters achieve the American dream of homeownership wasn’t quite as profitable as the creators of Divvy Homes hoped. Now, the startup rent-to-own landlord is being acquired by Maymont Homes, a branch of Brookfield Properties.
CBRE buys NYC-based coworking company Industrious for $400M
Dallas-based commercial real estate giant CBRE Group is acquiring Industrious National Management Co., a provider of flexible workplace solutions, for US$400 million. CBRE said it will create a new business segment called Building Operations & Experience.
Sun Belt could offer safest global CRE bet amid rising instability
Those who have invested in commercial real estate in the Sun Belt may be feeling the pinch of oversupply amid falling rents. But Atlanta-based Jamestown, says long term, there might not be a better bet on the planet.
Real estate vultures target middle-class enclave of ravaged L.A.
As homes continue to burn in the wildfires that swept through Los Angeles County, Altadena families were deluged by parties looking to purchase the still smoldering ruins at a steep discount.
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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