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iQ's upscale 302 Bay office competes with 'comforts of home'
iQ's upscale 302 Bay office competes with 'comforts of home'
iQ Offices’ 302 Bay, a 14-storey heritage building in Toronto’s Financial District, is now fully open. The upscale flex office facility is modelled after The Ned City of London, a private members’ club and hotel in the U.K.
There's cautious optimism for CRE: Avison Young survey
Real estate investors are cautiously optimistic for the rest of 2025 despite lingering uncertainty, an Avison Young survey states. The report says 93 per cent of its Canadian brokers and project management professionals have at least a neutral outlook.
Troubled condo project The One reaches final floor
Luxury condo project The One has conquered Toronto’s skyline as Canada’s tallest building. Almost two years since the project was forced into receivership, the tower has reached level 85 — its final floor. It's far from being done, however.
Ontario gov't announces Ontario Place $400M parking garage
Premier Doug Ford unveiled plans on Tuesday for a five-storey, $400-million parking garage on prime Toronto waterfront land at Ontario Place, attracting new criticism for his controversial redevelopment of the provincial site.
Parkland shareholders vote in favour of Sunoco takeover
Parkland Corp. (PKI-T) shareholders voted in favour of a US$9.1B deal to be acquired by U.S.-based Sunoco. The company said 93.46 per cent of the votes were for the deal, which creates America’s largest independent fuel distributor.
BCI fails to hit benchmark, real estate portfolio falls
British Columbia Investment Management Corp. earned an average return of 10 per cent for clients last fiscal year, missing its internal benchmark. The lone portfolio that lost money was equity investments in real estate, which fell 1.8 per cent.
Canada’s first AI minister on his plan to scale up the industry
The federal minister of artificial intelligence said building large AI companies is an “urgent issue”, but added that Canada has to work with foreign companies and partner with other nations to secure the necessary capital to build out the sector.
Xanadu Technologies opens chip packaging facility in Toronto
Toronto quantum startup Xanadu Technologies opened a facility this week that will allow it to package its chip technology in house. This is a key step for the firm, which hopes to establish a quantum data centre.
Brokerage Rare hits $500M in lowrise housing contracts
A struggling highrise condo market in southern Ontario led Toronto-based broker and marketing advisor Rare Real Estate to pivot toward lowrise preconstruction sales, where it has topped the $500-million milestone in its first year.
Hilton Foods breaks ground on $192M manufacturing facility
Brantford will soon be home to U.K.-based Hilton Foods’ first Canadian manufacturing facility. A groundbreaking ceremony kicked off construction of the $192-million “highly automated” food processing and distribution centre that will span 230,000 square feet.
$344M aviation hub lands at Calgary International Airport
A hub for aviation technology and infrastructure at Calgary’s airport is targeting world-class support services and training for the industry. The venture is expected to keep more components of the aviation industry in the city.
B.C. manufacturing, construction see declines
Manufacturing sales in British Columbia fell for a third consecutive month in April, dipping 1.9 per cent to $5.2 billion. The decline was attributed to weaker sales in both durable goods and non-durable goods.
Destination Sport store format redefines retail experience
SportChek’s new “Destination Sport” store format is poised to redefine the retail experience for sports enthusiasts. Over the next three years, Canadian Tire Corporation will enhance the SportChek network by building new stores, updating existing locations and adding digital services.
JD Sports opens Canadian flagship store in Vancouver
The Vancouver-based Canadian subsidiary of the U.K.'s JD Sports has been rapidly expanding, including by officially opening a two-level, 16,000-square-foot flagship store at 1040 Robson St. on June 21.
Cozey expands with stores in Vancouver and Calgary
Cozey, the Montreal-founded Canadian furniture brand known for its modular, tool-free sofas and accessible design, is ramping up its national retail footprint with the announcement of two permanent stores in Vancouver and Calgary.
Starlight breaks ground on U.K. build-to-rent development
Starlight Investments has broken ground on a build-to-rent development in Basildon. The three-block midrise rental community will feature 492-suites through a mix of one- and two-bedroom apartments and incorporate 16,000 square feet of street-level commercial and retail space.
Why office development could come back sooner than expected
Despite office demand still recovering more than five years since the pandemic, developers are considering the unthinkable in the not-too-distant future: building a new office building without a commitment from a tenant.
Wealthy Brazilian family eyes $1 billion in U.S. property deals
Votorantim SA, owned by Brazil’s wealthy Ermirio de Moraes family, plans to boost its real estate assets in the United States to nearly US$1 billion in the next five years.
Amazon's $54.4B U.K. investment will centre on property
Amazon is set to invest US$54.4B (£40B) in the U.K. in the next three years, the company said in a joint announcement with the U.K. government. The tech giant will build four large fulfilment centres in England.
Tritax bids $660 million for Warehouse, unseating Blackstone
Tritax Big Box REIT Plc has agreed to a deal for Warehouse REIT Plc, valuing its U.K. rival at about US$661 million and unseating an earlier recommended bid from Blackstone Inc.
Industry Events
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CRE.Converge 2025
Sep 08 2025
to Sep 10 2025
Sheraton Centre Toronto
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Canadian Apartment Investment Conference
Sep 11 2025
Metro Toronto Convention Centre
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BOMEX Halifax 2025
Sep 15 2025
to Sep 17 2025
Halifax Convention Centre
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Ottawa Real Estate Forum
Oct 09 2025
Rogers Centre, Ottawa
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Saskatchewan Real Estate Forum
Oct 16 2025
TCU Place, Saskatoon
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