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Recent Articles

Big developments pour into smaller Manitoba cities

5 years ago

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Cheaper land and business costs are fuelling increased demand for commercial real estate in communities outside of Winnipeg. Investors “are taking advantage of lower prices in once considered sleeper towns in Manitoba,” said ReDev Properties president Richard Crenian.

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Caisse de dépôt et placement du Québec has dismissed the head of its commercial real estate financing subsidiary and three other executives after a sweeping probe into alleged employee misconduct that included conflicts of interest and links to organized crime.

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Much of Metro Vancouver’s future — where residents live, work, and play — will revolve around areas served by SkyTrain stations, where the region is already experiencing its greatest urban transformation projects.

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Carttera Private Equities will break ground on a 55,000-square-foot office building on May 29, the latest step in its Oakville, Ont. development strategy. “We like Oakville,” Carttera’s Dean Cutting said. “We understand how they work and they understand how we work…”

Community Trust

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It understandably drew attention when the team behind Ottawa’s blockbuster waterfront real estate development, Zibi, proclaimed it had nothing to fear from record flood levels which have affected hundreds of residents along the Ottawa River.

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The Royalmount mega-mall is expected to bring even more traffic to the already clogged intersection of Highways 15 and 40, and Montreal Mayor Valérie Plante says she cannot throw her support behind the plan.

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The Coalition Avenir Québec government believes in the Olympic Stadium and that will include a new roof. Tourism Minister Caroline Proulx said the government is committed to the future of the Olympic site.

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Bentall Kennedy has been knocked off its perch after at least six years as the biggest commercial property manager in B.C. Beedie rose to the No. 1 spot in 2019 from No. 3 in 2018 by expanding the number of properties managed by 23.4%.

Stewart Title

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The City of Winnipeg’s property department is dysfunctional and suffers from a “broken culture,” according to a provincial review of city planning, zoning and permitting based on interviews with 50 anonymous people identified only as stakeholders.

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Edmonton’s downtown is defying gloomier trends in the rest of the Alberta. Major businesses are moving into the city’s impressive new office towers, which in turn are pushing lesser and older office towers to renovate.

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Just ruling out a casino for provincially owned Ontario Place is not good enough for City of Toronto officials warning of another potential battle with the Premier Doug Ford government. Tourism Minister Michael Tibollo Tuesday announced terms for development proposals.

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The University of Toronto’s Robarts Library at St. George and Harbord Streets is undergoing a significant expansion, with the classic Mathers and Haldenby-designed brutalist icon being given a new glass addition along its Huron Street frontage.

Centurion REIT

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Metro Vancouver needs another three to four thousand hotel rooms for the market to be able to keep up with overall tourism demand over the next dozen years, says Ty Speer, the president and CEO of Tourism Vancouver.

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Throughout B.C. this year, there will be roughly 30 new craft breweries opening, estimates Chris Lay, the co-founder and head brewer of East Vancouver’s Callister Brewing Co.. Of those, only one will be opening in the City of Vancouver.

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Transform Holdco, the unit of Eddie Lampert’s ESL Investments that acquired the stores and assets of bankrupt Sears Holdings for more than US$5 billion, is suing the Sears estate for failing to deliver “hundreds of millions of dollars of assets.”

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Curtis Olson, CEO of Saskatoon’s Shift Development, thinks Saskatoon city hall is getting in its own way when it comes to achieving its goals for infill development, arguing a 51-year-old bylaw no longer reflects the current development situation.

BOMA

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Because buying a home is one of the biggest events of our lives, how we buy a home matters a lot. So, when the government is updating the laws for how we buy and sell homes, we should pay attention.

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According to Altus Group, the Building Industry and Land Development Association’s trusted source for new home market intelligence, there were 3,853 new home sales in the Greater Toronto Area in April 2019, which is a 123 per cent year-over-year increase.

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A simple addition and subtraction equation might not add up to the right answer when calculating money-laundering’s impact on the B.C. economy, according to some experts.

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Residents of the apartment building at the centre of Port Coquitlam’s renoviction debate are celebrating after successfully fighting a mass eviction attempt by their new landlord at the 65-unit Bonnie Brae Apartments.

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